Capsule Endoscopy Market Analysis, By Product Type (Colonic capsule, Bowel capsule, Esophageal capsule) By Application Type (Gastrointestinal tract, Respiratory tract, Urinary tract) By Component Type (Wireless Capsule, Image recorder, Image workstation) By End Use, Forecasts to 2026
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WMR-Western Market Research has recently published a comprehensive and exclusive research report, which is an intelligent study covering all key segments. This research report provides breakthrough inputs and insights on market related factors like size, competition, trends, analysis, forecasts etc. The study encompasses primary and secondary data sources along with quantitative and qualitative practices thus assuring data accuracy.
The global Capsule Endoscopy market was valued at USD 0.60 Billion in 2018 and is expected to reach USD 1.30 Billion by year 2026, at a CAGR of 9.0%. Capsule Endoscopy is a procedure used in medical diagnosis to records the images of the intestinal tract. This procedure has been quite successful in identifying diseases in their early stages. Key recent developments in the field of capsule endoscopy are Colon capsule endoscopy (CCE) enabling painless diagnosis of lower gastrointestinal diseases, capsules with cameras at both longitudinal ends for better image capturing, collection of non-visual data from the gastrointestinal tract. The global market is fueled by a variety of factors such as high prevalence of gastrointestinal diseases across the globe, requirement of early stage abdominal cancer examination methods, modern healthcare penetration level into various developing economies like Africa and South Asia, pain free methods of medical diagnosis, favorable endoscopy capsule research funding scenario, and technology development pressure on healthcare industry due to changing industry regulations.
The capsule endoscopy market is much fragmented and includes a large number of pharmaceutical giants. Emerging players are mostly focusing on the research landscape for technological advancement. Additionally, the emerging players have a good opportunity to enter the capsule endoscopy market, owing to the availability of research funding, and favorable regulatory scenario for healthcare devices. However, the industry growth is affected by the changing healthcare regulations and lack of awareness among the population towards such sophisticated technologies. The market growth hinders more in economies like Africa, where healthcare penetration density is too low as compared to the rest of the globe. Recent product development in capsule endoscopy equipment space is, Given Imaging Ltd.s Bravo and SmartPill Capsules which are capable of mapping non-visual data from the gastrointestinal tract.The major companies that we have considered in our report are, Olympus Corporation, RF System Lab, Given Imaging Ltd., Chongqing Jinshan Science & Technology Company, Fujifilm Corporation, Intromedic Co Ltd., CapsoVision Inc.
Among the above, manufacturers like Olympus Corporation has come up with advanced products like, ENDOCAPSULE EC-10 System, which facilitates peerless imaging technology and software integration.Colonic capsule, Bowel capsule, Esophageal capsule,Gastrointestinal tract, Respiratory tract, Urinary tract,Wireless Capsule, Image recorder, Image workstation
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