Capsule Endoscopy Market is projected to Rise at a of 14.72% CAGR Value from 2014 to 2023


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A research study titled, “Capsule Endoscopy Market by accessories (wireless capsule & workstation and receiver), product (small bowel,esophageal & colon) and application (ogib (obscure gastrointestinal bleeding), crohn’s disease, small intestine tumor & other applications) - global industry analysis and forecast to 2023” published by crystal market research.

Competitive Outlook-
The leading players in the market are IntroMedic, RF System lab, Olympus Corporation, CapsoVision Inc, Chongqing Jinshan Science and Technology Group Co Ltd, Given Imaging and Fujifilm. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

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Market Highlights-
Capsule Endoscopy Market was worth USD 0.16 billion in 2014 and is expected to reach approximately USD 0.55 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 14.72% during the forecast period.
The market is anticipated to encounter lucrative development over the conjecture time frame because of, the rising predominance of gastrointestinal diseases, interest for quicker and precise diagnostics devices, colorectal cancer and the existence of strong government activities. Capsule endoscopy gives convenient visualization of GI (gastrointestinal) tract pictures, transmitted by means of data recorder. Moreover, the presentation of innovatively propelled capsules, for example, longer battery life and Wi-Fi empowered are anticipated to additionally drive the development of the capsule endoscopy market.

Market Segmentation- Capsule Endoscopy Market
By Accessory
Workstation & Recorder
Wireless Capsule

By Product
Small Bowel

By Application
OGIB (Obscure Gastrointestinal Bleeding)
Crohn’s Disease
Small Intestine Tumor
Other Applications

Capsule Endoscopy Market - By Region:
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
Rest of the World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)

Application Outlook
In 2014, Obscure gastrointestinal bleeding (OGIB) was one of the main application fragments of the capsule endoscopy market. As indicated by an analysis directed by the U.S. National Library of Medicine, capsule endoscopy was observed to be more viable than barium X-rays utilized for examination of OGIB. Capsule endoscopy is generally utilized for identification of mysterious bleeding in the duodenum and additionally the finding of Crohn's disease and mall bowel tumours. Also, attributable to the benefits appended, for example, visualization on real-time basis of the small intestine and quicker and convenient diagnosis, healthcare experts, and patients are switching their inclination from ordinary strategies such double balloon enteroscopy to case endoscopy, which is foreseen to give significant development stage to this market fragment in the upcoming years.

Regional Outlook -
North America was the biggest territorial market in 2014. The rising commonness rate of GI issue and colorectal cancer combined with cutting edge healthcare foundation, the existence of good repayment arrangements and expanding demand for minimally invasive endoscopy by patients are a few elements anticipated that would drive local market development over the gauge time frame. Then again, Asia-Pacific is anticipated to develop at a lucrative rate over the estimate time frame attributable to expanding patient awareness levels.

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