According to IMARC Group latest report titled” Capsule Endoscopy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. The global Capsule Endoscopy Market to grow at a CAGR of 6% during 2021-2026. Capsule endoscopy is a minimally invasive medical treatment that involves a pill-sized camera to pass through the gastrointestinal (GI) tract and examine the stomach, esophagus and small intestine. It is a wireless, disposable gadget, which also includes a transmitter and light source. Capsule endoscopy does not require anesthesia and helps to diagnose iron deficiency, celiac disease, unexplained abdominal pain, unexplained GI bleeding, and tumors or ulcers.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
The escalating demand for minimally invasive procedures in primary diagnosis is majorly driving the capsule endoscopy market across the globe. Rapid technological advancements in capsule endoscopy, such as the adoption of artificial intelligence (AI), robotic technology, are further contributing to the market growth. Besides this, the rising geriatric population, which is more prone to cancer, inflammatory bowel disease and appendicitis, is positively influencing the market growth. Furthermore, increasing investments in research and development (R&D) by leading players to generate more efficient products are creating a positive outlook for the market.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Boston Scientific Corporation
- CapsoVision Inc.
- Check Cap Ltd
- Fujifilm Holdings Corporation
- IntroMedic Co. Ltd
- Jinshan Science & Technology (Group) Co. Ltd.
- Medtronic plc
- Olympus Corporation
- RF Co. Ltd.
- Shangxian Minimal Invasive Inc
Capsule Endoscopy Market Segmentation:
Our report has categorized the market based on region, function, output, integration and end use industry.
Breakup by Product:
- Small Bowel
- Esophageal
- Colon
Breakup by Accessory:
- Wireless Capsule
- Workstation and Recorder
Breakup by Application:
- OGIB
- Crohn’s
- Small Intestine Tumors
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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