US Market Report for Capsule Endoscopy 2017 - MedCore
The value of the total U.S. market for capsule endoscopy increased in 2016. Growth is expected to persist throughout the forecast period and will be driven by increases in unit sales with neutral affects from the ASP trend. One major factor preventing the fall in the ASPs is the concentrated nature of the supply end of the market with only a handful of players and a clear, long-standing, leader. In general, the pricing among vendors is somewhat comparable for the cameras and has a slight variation in the workstations and data recorders.
The U.S. market for capsule endoscopy is defined in this report as camera capsules, workstations, and data recorders. The largest segment in the total capsule endoscopy market was the capsule camera segment. The relatively large size of this segment is due to a single-use property of the device unlike the other two segments, which are capital equipment. The market units are expected to continue growing faster than the general GI market at a mid-single digit rate due to the relative novelty of the technology and continued adoption. The prices are expected to remain flat as this is a highly concentrated market with few players and a clear market leader. Overall, the capsule endoscopy market is expected to grow steady at a mid-single digit rate over the forecast period.