Global Capsule Endoscopes Market 2017-2021
About Capsule Endoscopes
Capsule endoscopy is a painless technique to evaluate gastrointestinal disorders such as obscure gastrointestinal bleeding, inflammatory bowel disease, ulcerative colitis, celiac disease, polyposis syndrome, small bowel tumor, and colon cancer. Capsule endoscopy is an eight-hour-long procedure, in which the patient swallows a small pill that has three components: a camera, a transmitter, a battery. This device captures images of the gastrointestinal tract and transfer them to a recording device, which can be downloaded on screen. The physician gives results after examining the images.
Technavio’s analysts forecast the global capsule endoscopes market to grow at a CAGR of 10.85% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global capsule endoscopes market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Capsule Endoscopes Market 2017-2021
Technavio recognizes the following companies as the key players in the global capsule endoscopes market: Medtronic, Olympus, IntroMedic, and Chongqing Jinshan Science & Technology.
Other Prominent Vendors in the market are: CapsoVision, Check-Cap, Fuji Medical Systems, and RF.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing preference for 3D imaging. The integration of advanced imaging systems with capsule endoscopy is likely to fuel the adoption of capsule endoscopes worldwide as improved visualization facilitates subsequent evaluation and detection of gastrointestinal disorders. For instance, the latest technologies in endoscopes enable the conversion of the data obtained from a 3D image for better evaluation. 3D images enhance visibility and provide depth perception.”
According to the report, one of the major drivers for this market is presence of large patient pool with gastrointestinal disorders. The presence of a large patient pool with gastrointestinal disorders is expected to drive the market growth. The growing incidence of gastrointestinal disorders such as colorectal, esophageal, or pancreatic cancers; biliary disease; inflammatory bowel disease; and gastroesophageal reflux disease is expected to propel the market growth.
Further, the report states that one of the major factors hindering the growth of this market is presence of alternative endoscopy procedures. Although capsule endoscopy is an advanced procedure to diagnose gastrointestinal diseases and is one of the fastest-growing markets in the overall endoscopy devices market, the presence of alternative endoscopy procedures will hinder the growth prospects of the global capsule endoscopes market. Before the introduction of capsule endoscopy, physicians were using conventional diagnostic techniques such as double balloon endoscopy technique for the diagnosis of gastrointestinal disorders, especially small bowel related diseases. These procedures were less invasive and effective.
Medtronic, Olympus, IntroMedic, and Chongqing Jinshan Science & Technology, CapsoVision, Check-Cap, Fuji Medical Systems, and RF.
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