What is Capsule Endoscopy System Market?
An endoscopy is a medical procedure that involves the exploration of the interior of a hollow body cavity or organ. The research estimated that over 75 million endoscopies are performed every year in the United States. Capsule endoscopy system terminology of an instrument used in stomach examination, it is referred to the system used to record the images of the gastrointestinal tract used for medicine. The initial process of endoscopy is through the insertion of 8mm tube through the mouth, with a camera at the tale end, images display on the monitor, endoscope since inception has moved from low pace to an advanced state in the diagnoses and examination of the gastrointestinal tract of a patent condition. The increasing advancement in the Capsule Endoscopy System development and use of modern technology is the positivism on its usage and application.
The market study is being classified by Type (Capsule Endoscope and Workstations and Recorders), by Application (Small Bowel Diseases, Esophageal Diseases and Colonic Diseases) and major geographies with country level break-up.
Olympus Corporation (Japan), Given Imaging(Israel), Mirocam(South Korea), OMOM pill (China), ntroMedic. (United States), Chongqing Jinshan Science & Technology(China), Medtronic (Ireland) and Applied Medical (United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Capsule Endoscopy System market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Capsule Endoscopy System market by Type, Application and Region.
On the basis of geography, the market of Capsule Endoscopy System 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing demand for effective therapeutic & diagnostic options impacts the growth of the capsule endoscopy system market positively
- Increasing uptake of endoscopy procedures in the region provide impetus to market growth
- Rising government support for R&D activities
- Limitations of Capsule Endoscopy
- Increase in Gastrointestinal Disorders Worldwide
- Untapped Emerging Market of Capsule Endoscopy System in Developing Countries
- High cost associated with the endoscopy procedures
In October 2020 Olympus Japan based company has introduced its Artificial platform for endoscopy system named ENDO-AID, it includes the endoscopy application ENDO-AID CADe (computer-aided detection) for the colon.
Analyst CommentThe tubeless technique for the endoscopy has prompted the development of new zone anticipating abuse in the exploration research community, this gives an obvious sign that patient suffering from stomach disease or conceivable gastrointestinal lot side effect can basically swallow Pill Camera/Endoscopy Capsule that takes previews of all interior pieces of the body for simple assessment and assessment with respect to the health professionals.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Capsule Endoscopy System Manufacturer, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
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