Markntel Advisors has recently documented a thorough report on the Capsule Endoscopy market, which covers the projection period of 2022-2027. The report offers detailed market dynamics, including all the possible factors and growth opportunities influencing the market.

Along with this, potential restraints and severe challenges are also discussed to the core, which holds the utmost probability to hamper the expansion of the market during the projected timeframe. Each and every crucial aspect is included in the report by our team of willful and skillful members who have worked tirelessly to do justice to the information published in the research paper.

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Market Driving Factor: Rising Demand for Minimally Invasive Diagnostic Procedure to Drive the Market

The rising adoption of minimally invasive diagnostic procedures has propelled the utilization of capsule endoscopic systems & wireless capsules during the historical years. The growing burden of chronic ailments such as a small intestine tumor, formation of polyps in the bowel, Obscure gastrointestinal diseases, and Crohn’s disorder was the prominent reason for the growth of the Capsule Endoscopy market across various geographies. In addition, these minimally invasive diagnostic procedures provide more accurate & precise results as compared to conventional techniques, which supports their greater adoption among healthcare professionals.

Major Growth Challenge for Player: High Cost of Diagnostic Procedures to Hamper the Market Growth

The high cost of capsule endoscopy is an important factor restraining the potential development of capsule endoscopic procedures for screening purposes. At present, capsule endoscopy is significantly costlier than gastroscopy in various countries such as Spain & Italy. Thus, an imbalance between precise quality screening & procedure cost has been created in some emerging countries, which is considered a reasonable challenge for the global growth of the Capsule Endoscopy Market.

Segmenting of Capsule Endoscopy Market 

Segmenting the market into several smaller groups and further addressing it is one of the effective ways to determine the market and predict its growth in the near future. Therefore, our team of marketing analysts, along with professional researchers, also conducted an in-depth study to segregate the market into subcategories to offer its users a piece of holistic information about the Capsule Endoscopy industry, which goes like this:

Market Segmentation, By Capsule Type

o   Small Bowel Capsule

o   Colon Capsule

o   Oesophageal Capsule

Market Segmentation, By Component

o   Software

o   Hardware

§  Ingestible Capsule

§  Sensor Belt

§  Sensor Array

§  Data Recorder

Market Segmentation, By Application

o   Obscure GI bleeding (OGIB)

o   Oesophageal Disease

o   Iron Deficiency Anaemia

o   Inflammatory Bowel Diseases

o   Celiac Disease

o   Crohn’s Disease

o   Small bowel tumour and hereditary polyposis syndromes

o   Others (Small bowel transplant, Henoch-Schonlein purpura etc.)

Market Segmentation, By End User

o   Hospitals

o   Diagnostic centres

o   Ambulatory surgery centres

o   Others (Clinics, Home care settings, etc.)

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Regional Segmentation of the Market

While drafting a report, fragmenting the market into several different regions goes hand in hand with the other crucial aspects to ascertain the exact possible growth of the market. Geographically, the land is divided into multiple areas, and the regions where the industry has the potential to grow as a result are further mentioned in the report.

In addition, it becomes easier for the key market players, stakeholders, and relevant investors to analyze the region that is accelerating rapidly during the forecasted period. Under the report, the areas are segmented into: -

·         North America

·         South America

·         Europe

·         Middle East & Africa

·         Asia-Pacific

Competitive Analysis of the Market 

The Capsule Endoscopy market report conducted by Markntel Advisors is a product of robust research to examine and find out the potential business running and stimulating the growth of the industry. It further enables the stakeholders, key investors, and organizations to scrutinize the areas in which the dominating players are exponentially rising in terms of production, revenues, and so on.

Moreover, the study paper focuses on emphasizing the recent developments and contributions made by the market players to identify the areas that can be taken into account for the primary objective of benefitting during the projected period. For this reason, the study constitutes the three fundamental companies that are mentioned as: -

·         Olympus Corporation

·         Medtronic Plc

·         CapsoVision Inc

·         IntroMedic Co., Ltd

·         Jinshan Group

·         Check-Cap Ltd.

·         RF System Lab

·         AnX Robotica

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Place Your Order and Acquire a Customized Report 

The experts at Markntel Advisors provide potential clients with the option of customizing the report to suit their needs and interests. The team's key goals are to give the primary components the most consideration and to create the study with the intent of the stakeholders in mind.

The study report also covers factors that affect and surround the Capsule Endoscopy industry, including the industry's profit-loss cycle, important and inconsequential acquisitions, outside influences, current trends, and so forth.

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