Capsule Endoscopy Market Outlook is expected to increase at a...

Capsule Endoscopy Market Outlook is expected to increase at a dependable compound annual growth rate 8.4% CAGR By 2030

Posted 2023-03-27 09:06:20

Market Research Future (MRFR) analysed the Global Capsule Endoscopy Market Outlook 2023 through the analysis period till 2030. As per MRFR assessment, the capsule endoscopy market is expected to rise at 8.4% CAGR in the review period. BY 2030, the capsule endoscopy market is anticipated to touch USD 1.29 Bn. COVID 19 impact study for the capsule endoscopy market is supplemented with thee report.

Capsule endoscopy enables better surgery on the intestines and other digestive tracts. The increased surgical viability of capsule endoscopy may spur market expansion during the research period. The market size for this treatment may grow as a result of capsule endoscopy's ability to reliably detect ulcers, inflammatory bowel disease, polyps, and tumours of the small intestine.

Also, the market for contemporary, technologically cutting-edge capsule endoscopy equipment is anticipated to grow as small intestinal problems become more widespread. The ageing population may also stimulate market growth. On the other hand, dangers and side effects associated with capsule endoscopy as well as a lack of board-certified physicians could impede advancement.

Scope of the Capsule Endoscopy Market Report

The report that is recently published by MRFR on the capsule endoscopy market shed light on different forces that are observed to have long-term and short-term impact on the market. The report vividly elaborates on growth dynamics of the market for the review period. The segment assessment of the capsule endoscopy market offers a comprehensive understanding of the market for the evaluation period. The regional progress analysis of the capsule endoscopy market is elaborate. Competitor portfolio for the capsule endoscopy market is illustrated in the report. Modern research approach was made for an in-depth understanding of the cosmetic surgery market. Some of the leading Capsule Endoscopy Market Players are

Chongqing Jinshan Science & Technology

Olympus Corporation

Medtronic PLC

CapsoVision Inc.

IntroMedic

Fujifilm Holding AccuRead Endoscopy Inc

and Corporation

RF Co.Ltd

Market Segmentation

The segment assessment of the global capsule endoscopy market share is done by endoscope type, component, application, product, and end user.

The component-based segments of the capsule endoscopy market are capsule endoscopy data recorder, capsule endoscope, and capsule endoscopy workstations.

The endoscope type-based segments of the capsule endoscopy market are capsule neuro-endoscopes and capsule cystoscopies.

The product-based segments of the capsule endoscopy market are esophageal capsule, small bowel capsule, and colon capsule.

The application-based segments of the capsule endoscopy market are Crohn’s disease, obscure gastrointestinal bleeding (OGIB), and small intestine tumor.

The end user-based segments of the capsule endoscopy market are clinics, and hospitals among others. The hospital segment of the capsule endoscopy market is expected to value at above USD 1.29 Bn by 2030.

Regional Analysis

The Americas capsule endoscopy market can rise at high pace in the forecast period. The presence of a large patient base afflicted with intestinal diseases, developed healthcare expenditure, well-developed technology, and support for research and development by regional government can promote the regional market in the years to come.

The regional capsule endoscopy market in the EU may benefit from the quick development of novel medications and biosimilars for the treatment of GIT diseases. As cases of ulcerative colitis and Crohn's disease are seen to be increasing, the Europe capsule endoscopy market may be able to acquire the second-largest share of the global market over the study period. In APAC, mergers and acquisitions between reputable businesses can help the region's market expand. The market for capsule endoscopy can grow steadily in MEA.

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