The Future of Capsule Endoscopy: Trends and Predictions
In the dynamic landscape of the Global Capsule Endoscopy Market Share, Size, Analysis, Trends, Report and Forecast 2022-27. A recent research report by MarkNtel Advisors sheds light on the industry insights, covering the historical period of 2017-2020, the base year of 2021. This comprehensive report provides unbiased, accurate, and reliable information on current trends, growth drivers, challenges, opportunities, restraints, recent developments, as well as a thorough analysis of all distributors and suppliers in the industry.
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Introduction
Anticipated to demonstrate notable expansion, the Capsule Endoscopy Market is poised to achieve substantial growth with an estimated Compound Annual Growth Rate (CAGR) of approximately 10.42% from 2022 to 2027, as per the projections. This analysis aims to present the various factors influencing the industry, both positive and negative, while enlightening stakeholders about the changing market dynamics. It empowers them to make informed decisions and develop effective strategies based on reliable data in the coming years.
Comprehensive Description & Market Overview
This section provides a detailed understanding of essential data associated with the trends, developments, and other factors influencing the rise and fall of the Capsule Endoscopy Market. It offers insights into the evolving landscape, helping readers grasp the market's current scenario.
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Investments by Players & Governments
Here, we provide a snapshot of key investments made in the industry by prominent players and governments. By highlighting their roles and participation across regions, we aim to elucidate the market expansion and the impact of these investments on the overall market growth.
Recent Developments by Leading Companies
- In 2021, the US Food and Drug Administration announced the grant clearance for the Medtronic’s PillCam Small Bowel 3 systems for the remote endoscopy procedures.
- In 2018, IntroMedic medtech company signed a deal with Statis Medical to distribute its MicroCam video capsule endoscopy system in the US.
Segmentation & Geographical Analysis
This section delves into the highly fragmented Capsule Endoscopy Market, presenting insights into its expansion across different segments and geographies. We provide information on the potential of each segment and region over the forecast years, offering a comprehensive view of the market's growth prospects.
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-By Capsule Type
- Small Bowel Capsule
- Colon Capsule
- Oesophageal Capsule
-By Component
- Software
- Hardware
-By Application
- Obscure GI bleeding (OGIB)
- Oesophageal Disease
- Iron Deficiency Anaemia
- Inflammatory Bowel Diseases
- Celiac Disease
- Crohn’s Disease
- Small bowel tumour and hereditary polyposis syndromes
- Others (Small bowel transplant, Henoch-Schonlein purpura etc.)
-By End User
- Hospitals
- Diagnostic centres
- Ambulatory surgery centres
- Others (Clinics, Home care settings, etc.)
-By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Market Dynamics
In this section, we exhibit the changing dynamics of the Capsule Endoscopy Market. We provide unbiased data on challenges and opportunities encountered by the leading players in the industry. Moreover, we analyze the strategies adopted by these companies to sustain and expand their visibility, profits, and customer base in the market.
Key Driver: 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.
Possible Restraint: 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.
Competitive Analysis
Extensive profiling of the leading players in the Capsule Endoscopy Market is presented in this section. We highlight their key strategies, product/service portfolio, expansion plans, recent developments, mergers and acquisitions, and opportunities they have utilized to attain profit margins in the market.
Some of the most prominent companies operating in this market include:
- Olympus Corporation
- Medtronic Plc
- CapsoVision Inc
- IntroMedic Co., Ltd
- Jinshan Group
- Check-Cap Ltd.
- RF System Lab
- AnX Robotica
Customization Services
While "Capsule Endoscopy Market, Analysis, 2022-27" provides a comprehensive analysis of the industry, covering all relevant aspects, we also offer customized reports to meet the unique requirements.
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
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