Capsule Endoscopy Market Growth To Reach USD 1.30 Billion By 2026 Says Reports And Data

The current analysis of Reports and Data, the global Capsule Endoscopy market was valued at USD 0.60 Billion in 2018 and is expected to reach USD 1.30 Billion by year 2026, at a CAGR of 9.0 %. The study covers the capsule endoscopy procedure used for the medical examination of various chronic diseases. Endoscopic capsules are available for a variety of endoscopy processes ranging from gastrointestinal tract inspection, respiratory tract inspection, reproductive tract inspection, etc. Modern capsule endoscopy process is disrupting the market by enabled to have a 360-degree view of the medical inspection.

Rising prevalence of chronic diseases, gastrointestinal infections, peptic ulcers, bowel tumors, abdominal bleeding would result in the growth of the capsule endoscopy market globally. Significant focus of healthcare companies on development of modern technology in capsule endoscopy, availability of public as well private funds for research, and favorable regulatory scenario, are some of the key factors propelling market growth in the industry. However, cost associated in the procedure, availability of other medical examination procedures like ultrasound, global supply chain of the associated equipment, are the major hinderances that would affect the growth of the capsule endoscopy market during 2019-2026.

Companies considered and profiled in this market study:

Olympus Corporation, RF System Lab, Given Imaging Ltd., Chongqing Jinshan Science & Technology Company, Fujifilm Corporation, Intromedic Co Ltd., CapsoVision Inc.

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Key Factors Explained In The Report:

The Capsule Endoscopy market is segmented on the basis of type, application, and region. An extensive explanation of the market, including data regarding the world market players, has been mentioned in the report. The segmentation identifies the leading segments and explains in detail the key factors impacting the growth of the global Capsule Endoscopy market. The report also highlights product positioning, customers’ perception of market competition, customer segmentation, buying behavior of consumers, target customers, and others.

For the purpose of this report, Reports and Data has segmented the capsule endoscopy market on the basis of product type, application type, component type, end use, and region:

By Product Type (Revenue, USD Million; 2016–2026)

Colonic capsule
Bowel capsule
Esophageal capsule

By Application Type (Revenue, USD Million; 2016–2026)

Gastrointestinal tract
Respiratory tract
Female reproductive tract
Ear
Urinary tract

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By Component Type (Revenue, USD Million; 2016–2026)

Wireless Capsule
Image recorder
Image workstation

By End Use (Revenue, USD Million; 2016–2026)

Hospital
Clinic
Research centers
Others

Regional Outlook (Revenue in USD Million; 2016–2026)

North America
U.S.
Canada
Europe
Germany
France
UK
Spain
Italy
Rest of the Europe
Asia Pacific
China
India
Japan
Rest of Asia-Pacific
Middle East & Africa
Latin America
Brazil

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Further key findings from the report suggest:

Capsule Endoscopy market is growing at a CAGR of 10.1 % in Asia Pacific followed by North America and Europe, with 9 % and 8.7 % CAGR, respectively. High disease prevalence across the globe is the key factor to accelerate the market growth during forecast period across all regions.

Among the various components of this industry, capsule endoscopy takes up the majority market share, which is around 50 %, the rest is accounted by data recording devices and workstations.
The global capsule endoscopy equipment market is dominated by established giants. New entrants have a good scope to come up with technical advancements in the existing products however, good sources of funding needed.

Ageing population, beyond 65 years of age is expected to rise substantially from the previous decade, which lays down a lucrative opportunity for the market…Continued

The Capsule Endoscopy market research covers a detailed analysis of the following data:

Historical and future growth forecasts of the global Capsule Endoscopy market.

Segmentation of the Capsule Endoscopy market to highlight the growth prospects and trends affecting these segments.

Varying consumption behavior of customers across various regions covered in the report.
Geographical study based on the market share, growth outlook, and key countries.

Agreements, product launches, mergers and acquisitions, and R&D projects of the different key Capsule Endoscopy market players.

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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

This release was published on openPR.