Capsule Endoscopy System Market Trends Alight Worldwide Market's Dazzling Transformation | CAGR of 14.8% | IntroMedic Co. Ltd., CapsoVision Inc

This Capsule Endoscopy System Market Report gives evaluation and insights primarily based on authentic consultations with necessary gamers such as CEOs, Managers, Department Heads of Suppliers, Manufacturers, and Distributors etc.

The global capsule endoscopy market was $178.8 million in 2014 and is expected to grow at a CAGR of 14.8% during the forecast period. According to the American Cancer Society, around 141,000 people were diagnosed with colorectal cancer in the United States and approximately 49,000 people died in 2011. Moreover, colorectal cancer is the third most commonly diagnosed disease and is also the third leading cause of deaths in the United States. Thus, a large patient base of gastrointestinal (GI) disease requires adequate diagnosis and monitoring. Given Imaging was the first company to develop capsule endoscopy model, which was introduced in the developed countries in 2001. The capsule endoscopy system has emerged as an effective management and diagnosis technique for GI diseases such as Crohn's disease, colorectal cancer, obscure gastrointestinal bleeding, polyposis syndromes and small bowel tumors.

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Capsule endoscopy is a non-invasive technique that allows the complete examination of the gastrointestinal tract using a wireless, disposable device known as a video capsule, which is equipped with a camera, battery, transmitter and a light source. Video capsules capture images in the esophagus, stomach and small intestine, which are utilized for the diagnosis of gastrointestinal diseases. The integrated camera in the capsule takes around two pictures every second and the battery of the capsule lasts for around 8 hours. Capsule endoscopy system includes a work station, data recorder, sensor and software, which are used in integration with wireless capsules. Data recorder is a device, which needs to be worn around the patient's waist so that the data captured by video capsule can be transmitted through sensors. Data recorders can also locate the position and movement of the capsule inside the stomach.

Global capsule endoscopy system market is segmented into component, application and geography. Based on component, the market is segmented into capsule endoscopes, recorders and workstations. Capsule endoscope segment holds a dominant share in component market owing to the increasing utilization of different types of capsule endoscopes. Based on application, the market is segmented into small bowel diseases, esophageal diseases and colonic diseases. Global capsule endoscopy market is analyzed on the basis of geographical regions, which include North America, Europe, Asia-Pacific and LAMEA.

The healthcare sector is vital to both national economies and people all across the world. One of the industries with the fastest growth rates is this one. There is a correlation between income levels and healthcare spending across nations because healthcare spending accounts for more than 10% of the GDP of the majority of developed countries. According to the Centers for Medicare and Medicaid Services, US healthcare spending increased by 4.6% in 2019 to reach US$ 3.8 trillion, or US$ 11,582 per person and represented 17.7% of GDP. Additionally, households paid for 28.4% of all health expenditures, followed by the federal government for 29.0%. 16.1% of all healthcare costs were paid for by state and municipal governments, while 7.5% came from other private sources.

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Due to advancements spurred by AI/ML, the impact of digital health technology will grow. Data from the Department for Promotion of Industry and Internal Trade show that FDI in the medicines and medication sector totaled US$19.12 billion (DPIIT).

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.

Key highlights of the report include

Market Size and Growth Analysis:

Detailed examination of the market size and growth trajectory during the forecast period.
In-depth insights into the factors driving market expansion and the challenges restraining growth.
Accurate revenue projections and trends shaping the market landscape.

Strategic Analysis:

Identification of key drivers influencing market growth and strategic recommendations to leverage emerging opportunities.
Exploration of market trends and future prospects to aid in informed decision-making.
Strategies for market players to capitalize on growth areas and navigate challenges effectively.

Competitive Landscape Evaluation:

Comprehensive profiles of industry leaders, offering a thorough understanding of their market presence and influence.
Analysis of market share held by key companies and their impact on the overall market dynamics.
Assessment of the product portfolios of major players, highlighting key offerings and innovations.

Recent Developments and Innovations:

Coverage of the latest advancements and innovations within the industry.
Insightful examination of recent developments by key market players, including product launches, partnerships, and acquisitions.
Evaluation of the impact of these developments on the overall market landscape.

Competitive Strategies:

Examination of the competitive strategies employed by leading companies to gain a competitive edge.
Analysis of successful tactics utilized in the market, providing valuable insights for other players.
Benchmarking of competitive strategies to help businesses formulate effective plans for sustainable growt

KEY BENEFITS

The report provides a quantitative analysis of the current market and estimations during the period of 2014-2020, which would help in identifying the prevailing market opportunities

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Capsule endoscopy market conditions have been comprehensively analyzed based on regions

Key market players within the capsule endoscopy market have been profiled in the report and their strategies have been thoroughly analyzed for understanding the competitive outlook of the market

Extensive analysis of the market has been conducted by closely monitoring the top contenders and following key product positioning within the market framework

Comprehensive analysis of factors that drive and restrict the growth of the global capsule endoscopy market has been provided in the report

Exhaustive analysis of the global capsule endoscopy market helps in understanding the types of capsule endoscopes, which are currently being used along with the recorder and work stations that would gain prominence in future.

KEY MARKET SEGMENT

Global Capsule Endoscopy System Market-By Component

Capsule endoscope

Workstations and Recorders

Global Capsule Endoscopy System Market-By Application

Small Bowel diseases

Esophageal diseases

Colonic diseases

Global Capsule Endoscopy System Market-By Geography

North America

Europe

Asia-Pacific

LAMEA

Table of Content:

Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix

In this report, the following important queries are addressed:

What is the Global market's sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
What are the vendors' market prospects and risks in the international industry?
Which product types, end users, or applications might be looking for additional growth prospects? What is each type's and application's market share?
What specific strategies and limitations are keeping the market in check?
What is the various marketing, sales, and distribution channels in the international market?
What are the upstream raw materials, as well as the manufacturing machinery?
What are the Market opportunities, market risk, and market overview of this industry?

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