Capsule Endoscopy Market Dynamics, Forecast and Analysis
“Global Capsule Endoscopy Market report includes in-depth analysis of industry by recent technologies, trends, opportunities, challenges, key players and business strategies considering types, segment and future outlook.”
The global Capsule Endoscopy (CE) Market size was valued at USD 454.7 million in 2014 and is expected to grow at a CAGR of 8.7% in coming years.The market is driven by the factors such as rising incidences of gastrointestinal (GI) diseases, the presence of supportive government initiatives, demand for faster and accurate diagnostics tools for colorectal cancer. CE technique gives pain-free visualization of GI tract images, transmitted through data recorder. Moreover, the introduction of innovatively advanced capsules having a longer battery life and Wi-Fi enabled are anticipated to add to the revenue growth.With aging, the risk of GI disorders increases. Thereby, expanding worldwide geriatric population is additionally offer with a firm growth platform. As per the W.H.O, global population base relating to the age group – 65 years and or more is relied upon to ascend from 7% in 2000 to 16% in 2050. This is anticipated to enhance the patient base hence, augmenting the development. Product Insights The market is segmented into colon capsule, esophageal capsule and small bowel capsule. As of 2016, the largest share was held by small bowel capsule attributable to its expanding utilization in various multiple conditions such as obscure GI tract bleeding, inflammatory bowel disease, Request Sample Copy of this Market Research @ https://www.millioninsights.com/industryreports/capsule-endoscopy-market/request-sample