Capsule Endoscopy Systems Market No. of Pages- 102
Opportunity Analysis and Industry Forecast, 2016-2023
Global Opportunity Analysis and Industry Forecast, 2014-2020 Download Report Sample
Capsule Endoscopy Systems Market
Capsule Endoscopy System Market report, published by Allied Market Research, forecasts that the global market is expected to garner $399.7 million by 2020, registering a CAGR of 14.8% during the period 2015 - 2020. Capsule endoscopy is an advanced non-invasive technique that uses wireless disposable video capsule, workstations and recorders for the diagnosis of gastrointestinal disorders such as peptic ulcers, Crohn's disease, obscure gastrointestinal bleeding (OGB) among others. The capsule aid in capturing images, which are transmitted to the recorders and analyzed through workstations and software.
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Capsule Endoscopy Systems Market
Capsule endoscopy would gradually replace conventional gastrointestinal monitoring techniques, largely due to the noninvasiveness and convenience. Increasing popularity of varied capsule types such as small bowel, oesophagus and colon, growing aging population and rising incidences of gastrointestinal disorders, are some of the key factors that would largely drive the market growth. On the other hand, unclear reimbursement policies, stringent regulations and high cost of capsule endoscopy systems, would hamper the market growth.
Small bowel diseases segment accounted for the highest revenue in 2014. This was primarily due to a large patient population suffering from the small bowel disease and established reimbursement for small bowel capsules.
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Capsule Endoscopy Systems Market
The Major Key Players Are: The key players profiled in the report includes Given Imaging Ltd., Olympus Corporation, IntroMedic Co. Ltd., CapsoVision Inc., and Chongqing Jinshan Science & Technolgy (Group) Co. Ltd.
Capsule Endoscopy Systems Market
Key Findings of the Study: Wireless disposable capsules segment is projected to be the fastest growing segment in global capsule endoscopy systems component market, registering a CAGR of ~15.3% during the forecast period Within target diseases, Colonic diseases segment is projected to register fastest growth during forecast period Asia-Pacific region is projected to be the fastest growing capsule endoscopy market, registering a CAGR of 15.5% during 2015 - 2020
Capsule Endoscopy Systems Market
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