Capsule endoscopy is a painless, minimally invasive technique used for detection of digestive disorders. It is a wireless, small, pill-sized camera that can be swallowed & allows direct visualization of the gastrointestinal mucosa. Another components are batteries, transmitter, and a light source. Capsule endoscopy is performed to detect Crohn’s disease, obscure gastrointestinal bleeding, adverse reactions to nonsteroidal anti-inflammatory drugs (NSAID), celiac disease, tumors in the small intestine, and various other conditions that inflict the digestive system. It is a method to record the images of digestive tract which is further used in diagnosis of the intestinal diseases. The procedure helps to examine the lining of gastrointestinal tract which comprises three portions of the small intestine: ileum, duodenum, and jejunum.
According to study, “Global Capsule Endoscopy Market Information by Component (Capsule Endoscope, Capsule Endoscopy Data Recorders, Capsule Endoscopy Workstations), by Endoscope Type (Cystoscopies, Neuro-Endoscopes), by Product (Colon Capsule, Esophageal Capsule, Small Bowel Capsule), by Application (Crohn’s Disease, Intestine Disease, Obscure Gastrointestinal Bleeding), by End-user (Hospitals, Clinics), and Region – Forecast till 2023” the key companies operating in the global capsule endoscopy market are Capsovision, Medtronic Plc., Chongqing Jinshan Science and Technology, Given Imaging, Fujifilm Holding Corp., Check-Cap Ltd., RF System Lab, Olympus Corporation, IntroMedic Co.
Based on component type, capsule endoscopy market is segmented into capsule endoscope, capsule endoscopy workstations and capsule endoscopy data recorders. Capsule endoscope segment holds major share in market owing to increase in utilization of different types of capsule endoscopes. Based on endoscope type, market is segmented into capsule neuro-endoscopes and capsule cystoscopies. Based on product type, market is segmented into small bowel capsule, colon capsule and esophageal capsule. Based on application, market is segmented into Obscure gastrointestinal bleeding (OGIB), small intestine tumor and Crohn’s disease. In addition, based on end-user, market is segmented into clinics, hospitals and others.
The capsule endoscopy market is driven by rise in prevalence of small intestinal disorders, followed by increase in geriatric population, rise in a shift of patients towards the advanced diagnostics, increase in patient awareness levels, rise in disposable income, huge investments in research & development (R&D) by key industry players and increase in importance of minimal invasive in primary diagnosis. However, lack of skilled physicians, inadequate reimbursement policies and rise in risks & complications of capsule endoscopy may impact the market. Moreover, surge in technological advancements in capsule endoscopy is a key opportunity for market.
Based on geography, the North-American region holds major share in capsule endoscopy market owing to well-developed technology, presence of huge patients suffering from intestinal diseases, rise in establishment of endoscopic training centers and high healthcare expenditure in the region. The European and Asian-Pacific region is projected to witness lucrative growth rate due to growth in Crohn’s disease & ulcerative colitis, increase in availability of low cost procedures, rise in number of gastrointestinal cases & colon cancer patients and vast population base over the forecast period. It is predicted that the market will be reached at rapid pace caused by rapid development and launch of novel bio-similars & drugs for the treatment of diseases during the forecast period.
To know more, click on the link below:-
Global Capsule Endoscopy Market Research Report
Related Reports:-
Global Capsule Endoscopy Market Analysis 2013-2018 and Forecast 2019-2024
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