The global demand for Capsule Endoscopy System Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Capsule endoscopy is a non-invasive technique that permits a comprehensive examination of the gastrointestinal tract utilising a video capsule. It is generally equipped with a camera, battery, transmitter, and light source. The images captured by video capsules in the oesophagus, stomach, and small intestine are used to diagnose gastrointestinal illnesses. The capsule's integrated camera shoots two photographs every second, and the battery lasts for eight hours. Capsule endoscopy systems consist of a workstation, data recorder, sensor, and software that work together with wireless capsules.
Market Dynamics
The rising prevalence of cancer, the growing global elderly population, the rising need for less invasive diagnostic methods, and the development of technologically sophisticated capsules are all driving the market forward. Furthermore, rising healthcare expenditure levels are driving the demand for effective cancer diagnostic procedures and supportive government initiatives, which are projected to drive market expansion. However, the possibility of the capsule remaining in place may necessitate endoscopic retrieval or, in rare cases, surgical resection which may act as a market restraint. This provides a barrier to the widespread use of capsule endoscopes. Nonetheless, the retention rate is expected to decrease as a result of technical developments and better-designed wireless capsules, supporting market expansion.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of capsule endoscopy system. The growth and trends of capsule endoscopy system industry provide a holistic approach to this study.
Market Segmentation
This section of the capsule endoscopy system market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
- Capsule Endoscope
- Work Stations And Recorders
By Disease Type
- Small Intestine Disorder
- Esophageal Disorder
- Colonic Disorder
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Capsule Endoscopy System market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Capsule Endoscopy System Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the capsule endoscopy system market include Given Imaging (Medtronic), IntroMedic Co., Ltd., Olympus Corporation, Chongqing Jinshan Science & Technology (Group) Co., Ltd., RF System lab, CapsoVision, Shengxian Minimal Invasive Inc., Check -Cap, Accuread Endoscopy Inc., Fujifilm Holding Corporation, and Anhan Technology (wuhan) co., Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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