Scope of the Study
Capsule endoscopy is a procedure which is used to visualize internal images of the digestive tract. It is widely used for colon cancer screening. There is a significant demand for endoscopy capsules over the last few years, owing to the rising number of colon cancer across the world. For instance, as per an article published by the American Cancer Society, in 2018, more than 97,220 new cases of colon cancer were reported. Hence, the rising number of colon cancer across the world and rising aging population is projected to drive the global endoscopy capsules market over the forecast period.
The market study is being classified by Type (Small Bowel Capsule, Esophageal Capsule and Colon Capsule), by Application (Hospitals, Clinics and Medical Institutes) and major geographies with country level break-up. According to AMA, the Global Endoscopy Capsules market is expected to see growth rate of 11.8%
Medtronic PLC (Irelands), Olympus Corporation (Japan), IntroMedic (South Korea), Chongqing Jinshan Science & Technology (China), CapsoVision Inc. (United States), Fujifilm Holding Corporation (Japan), Pentax Medical (Japan), RF Co.Ltd (Japan) and AccuRead Endoscopy Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Steris PLC (Ireland), Check-Cap Ltd (Israel) and Given Imaging.
Research Analyst at AMA predicts that United States and Japan Players will contribute to the maximum growth of Global Endoscopy Capsules market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Endoscopy Capsules market by Type, Application and Region. On the basis of Type, Small Bowel Capsule are dominating the market in the year 2018
On the basis of geography, the market of Endoscopy Capsules has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. If we see Market by Endoscope Type, the sub-segment i.e. Capsule Cystoscopies will boost the Endoscopy Capsules market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Battery Life time of Device, the sub-segment i.e. 6-8 Hours Life will boost the Endoscopy Capsules market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Resolution, the sub-segment i.e. 320 X 320 will boost the Endoscopy Capsules market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Demand for Endoscopy and Rising Number of Hospitals across the world
- Rising Ageing population which has led to Rising in Gastrointestinal Diseases
- Rising Prevalence of Small Intestinal Disorders Worldwide
- Issue related to Risks & Complications of Endoscopy Capsule Market
- Growing Healthcare Market in various Emerging Economies such as China, India, Brazil, among others
- Highly Cost of Endoscopy Procedures & Equipment and Lack of Skilled Physicians
Market Leaders and their expansionary development strategies
In June 2018, the CapsoVision, Inc. (United States) Company has announced a distribution partnership with Pentax Medical (Japan) Company. This partnership will help to sell CapsoCam Plus products, which is the capsule endoscope. Hence, this partnership will strengthen the company presence in the endoscopy capsules industry across the globe.
In November 2018, the Jinshan Science & Technology Co (China) Company has announced to establish a worldwide consensus of capsule endoscopy terminology which is fully digital as well as multilingual. Therefore, this announcement will strengthen the company presence in the endoscopy capsules across the globe.
Key Target AudienceEndoscopy Capsules Manufacturer, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
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