The capsule endoscopy (CE) is effective
procedures which create the usage of the smallest wireless camera that obtains
the image of the patient’s digestive tract. With the help of this technique,
the doctors are positively capable to see through the small intestine. Not only
has this, the capsule endoscopy is used for the situations where the doctor
demands to check out the reasons of ailments such as diagnose cancer, screening
polyps, gastrointestinal bleeding as well as monitoring celiac. Such are the
major aspects that are positively fostering the worldwide capsule endoscopy
market growth. Several other positive aspects involving compassionate
government initiatives, increasing requirement for the accurate and speedy
diagnostic tools for holding the colorectal cancer, along with the positive
growth in the prominence of the gastrointestinal syndromes are supporting in
increasing the worldwide market.
According to the report analysis, ‘Global
Capsule Endoscopy Market Information by Component (Capsule Endoscope, Capsule
Endoscopy Data Recorders, Capsule Endoscopy Workstations), by Endoscope Type
(Cystoscopies, Neuro-Endoscopes), by Product (Colon Capsule, Esophageal
Capsule, Small’ states that in the worldwide capsule endoscopy market,
there are several key players which presently functioning more positively for
leading the fastest market growth and registering the handsome value of market
share around the globe during the short span of time while spreading the
awareness related to the advantages of the product, delivering the better
consumer satisfaction, increasing the applications of the treatment
technologies, analysis and studying the government policies more actively and
organizing the several research and development programs includes IntroMedic
(South Korea), Olympus Corporation (Japan), Capsovision (U.S.), Chongqing
Jinshan Science and Technology (China), Medtronic Plc (U.S.) and several
others.
Although, based on the component, the
worldwide capsule endoscopy market is categorized into capsule endoscopy data
recorders, capsule endoscope, capsule endoscopy workstations, and several
others. On the basis of endoscope type, the market is diverged into
neuro-endoscopes, cystoscopies, and numerous others. On the basis of its
product, the market is classified into esophageal capsule, colon capsule, and small
bowel capsule. Based on its application, the market is characterized into
intestine disease, Crohn's disease, obscure gastrointestinal bleeding, and
several others. Lastly, on basis of its end-user, the market is confidential as
clinics, hospitals, and others.
Additionally, the market is
anticipated to increase at a CAGR of 8.82% during the forecast period of
2017-2023. The worldwide market for capsule endoscopy has been effectively
monitoring a steady rise in requirement due to a number of factors, involving
the existence of the supportive government initiatives, the positive
requirement for the more precise and faster diagnostic tools, the increase in
the worldwide geriatric population, and the generation of the technologically
advanced devices such as endoscopes with a longer battery life, Wi-Fi-enabled
capsules, and magnetic and hybrid versions.
The effective requirement for the
small bowel capsules has been dependable owing to their increasing the
convention for the detection of medical conditions such as inflammatory bowel
disease, small bowel neoplastic lesions, obscure gastrointestinal tract
bleeding, and Crohn’s syndrome. The desire for colon capsules is also predicted
to witness an increase in the coming years due to the increasing pervasiveness
of colon cancer. The need for the less invasive diagnostic processes in such
cases is likely to impulsion the market for colon capsule endoscopy.
Therefore, in the coming years, it is
anticipated that the market of the capsule endoscopy will increase more
positively around the globe over the coming years.
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