The global Capsule Endoscopy System market was valued at US$ 270.8 million in 2020 and is expected to reach US$ 490.7 million by the end of 2027, growing at a CAGR of 8.4% during 2021-2027.
Capsule endoscopy is a non-invasive technique that allows the complete examination of the gastrointestinal tract using a wireless, disposable device known as a video capsule, which is equipped with a camera, battery, transmitter and a light source. Video capsules capture images in the esophagus, stomach and small intestine, which are utilized for the diagnosis of gastrointestinal diseases. The integrated camera in the capsule takes around two pictures every second and the battery of the capsule lasts for around 8 hours. Capsule endoscopy system includes a work station, data recorder, sensor and software, which are used in integration with wireless capsules. Data recorder is a device, which needs to be worn around the patient’s waist so that the data captured by video capsule can be transmitted through sensors. Data recorders can also locate the position and movement of the capsule inside the stomach.
According to the American Cancer Society, around 141,000 people were diagnosed with colorectal cancer in the United States and approximately 49,000 people died in 2011. Moreover, colorectal cancer is the third most commonly diagnosed disease and is also the third leading cause of deaths in the United States. Thus, a large patient base of gastrointestinal (GI) disease requires adequate diagnosis and monitoring. Given Imaging was the first company to develop capsule endoscopy model, which was introduced in the developed countries in 2001. The capsule endoscopy system has emerged as an effective management and diagnosis technique for GI diseases such as Crohn’s disease, colorectal cancer, obscure gastrointestinal bleeding, polyposis syndromes and small bowel tumors.
Global Capsule Endoscopy System Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Capsule Endoscopy System Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Given Imaging Ltd., Olympus Corporation, IntroMedic Co. Ltd., CapsoVision Inc., Chongqing Jinshan Science & Technolgy (Group) Co. Ltd, IntroMedic Co., Ltd.and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Capsule Endoscope
- Workstations and Recorders
Segment by Application
- Small Bowel Diseases
- Esophageal Diseases
- Colonic Diseases
Table of Content:
1 Capsule Endoscopy System Market Overview
2 Capsule Endoscopy System Market Competition by Manufacturers
3 Capsule Endoscopy System Retrospective Market Scenario by Region
4 Global Capsule Endoscopy System Historic Market Analysis by Type
5 Global Capsule Endoscopy System Historic Market Analysis by Application
6 Key Companies Profiled
7 Capsule Endoscopy System Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Capsule Endoscopy System Market Dynamics
10 Global Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta