The capsule endoscopy (CE) is effective procedures which create the usage of the smallest wireless camera that obtains the image of the patient’s digestive tract. With the help of this technique, the doctors are positively capable to see through the small intestine. Not only has this, the capsule endoscopy is used for the situations where the doctor demands to check out the reasons of ailments such as diagnose cancer, screening polyps, gastrointestinal bleeding as well as monitoring celiac. Such are the major aspects that are positively fostering the worldwide capsule endoscopy market growth. Several other positive aspects involving compassionate government initiatives, increasing requirement for the accurate and speedy diagnostic tools for holding the colorectal cancer, along with the positive growth in the prominence of the gastrointestinal syndromes are supporting in increasing the worldwide market.
According to the report analysis, ‘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’ states that in the worldwide capsule endoscopy market, there are several key players which presently functioning more positively for leading the fastest market growth and registering the handsome value of market share around the globe during the short span of time while spreading the awareness related to the advantages of the product, delivering the better consumer satisfaction, increasing the applications of the treatment technologies, analysis and studying the government policies more actively and organizing the several research and development programs includes IntroMedic (South Korea), Olympus Corporation (Japan), Capsovision (U.S.), Chongqing Jinshan Science and Technology (China), Medtronic Plc (U.S.) and several others.
Although, based on the component, the worldwide capsule endoscopy market is categorized into capsule endoscopy data recorders, capsule endoscope, capsule endoscopy workstations, and several others. On the basis of endoscope type, the market is diverged into neuro-endoscopes, cystoscopies, and numerous others. On the basis of its product, the market is classified into esophageal capsule, colon capsule, and small bowel capsule. Based on its application, the market is characterized into intestine disease, Crohn’s disease, obscure gastrointestinal bleeding, and several others. Lastly, on basis of its end-user, the market is confidential as clinics, hospitals, and others.
Additionally, the market is anticipated to increase at a CAGR of 8.82% during the forecast period of 2017-2023. The worldwide market for capsule endoscopy has been effectively monitoring a steady rise in requirement due to a number of factors, involving the existence of the supportive government initiatives, the positive requirement for the more precise and faster diagnostic tools, the increase in the worldwide geriatric population, and the generation of the technologically advanced devices such as endoscopes with a longer battery life, Wi-Fi-enabled capsules, and magnetic and hybrid versions.
The effective requirement for the small bowel capsules has been dependable owing to their increasing the convention for the detection of medical conditions such as inflammatory bowel disease, small bowel neoplastic lesions, obscure gastrointestinal tract bleeding, and Crohn’s syndrome. The desire for colon capsules is also predicted to witness an increase in the coming years due to the increasing pervasiveness of colon cancer. The need for the less invasive diagnostic processes in such cases is likely to impulsion the market for colon capsule endoscopy.
Therefore, in the coming years, it is anticipated that the market of the capsule endoscopy will increase more positively around the globe over the coming years.
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Ankur Gupta, Head Marketing & Communications