What is Capsule Endoscopy System Market Scope?
An endoscopy is a medical procedure that involves the exploration of the interior of a hollow body cavity or organ. The research estimated that over 75 million endoscopies are performed every year in the United States. Capsule endoscopy system terminology of an instrument used in stomach examination, it is referred to the system used to record the images of the gastrointestinal tract used for medicine. The initial process of endoscopy is through the insertion of 8mm tube through the mouth, with a camera at the tale end, images display on the monitor, endoscope since inception has moved from low pace to an advanced state in the diagnoses and examination of the gastrointestinal tract of a patent condition. The increasing advancement in the Capsule Endoscopy System development and use of modern technology is the positivism on its usage and application. Get recent released research insights on
Pillcam Market Share & Industry Growth Analysis.
Influencing Trend:
Rising government support for R&D activities
Market Growth Drivers:
Increasing demand for effective therapeutic & diagnostic options impacts the growth of the capsule endoscopy system market positively and Increasing uptake of endoscopy procedures in the region provide impetus to market growth
Challenges:
High cost associated with the endoscopy procedures
Restraints:
Limitations of Capsule Endoscopy
Opportunities:
Increase in Gastrointestinal Disorders Worldwide and Untapped Emerging Market of Capsule Endoscopy System in Developing Countries
The Capsule Endoscopy System market study is being classified by Type (Capsule Endoscope and Workstations and Recorders), by Application and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Capsule Endoscopy System market throughout the predicted period.
Olympus Corporation (Japan), Given Imaging(Israel), Mirocam(South Korea), OMOM pill (China), IntroMedic. (United States), Chongqing Jinshan Science & Technology(China), Medtronic (Ireland), Applied Medical (United States), RF System lab and CapsoVision are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Capsule Endoscopy System market by Type, Application and Region.
On the basis of geography, the market of Capsule Endoscopy System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In October 2020 Olympus Japan based company has introduced its Artificial platform for endoscopy system named ENDO-AID, it includes the endoscopy application ENDO-AID CADe (computer-aided detection) for the colon.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Capsule Endoscopy System Manufacturer, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
Capsule Endoscopy System Market Study: Important Years
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Analyst View
Research Says, "The tubeless technique for the endoscopy has prompted the development of new zone anticipating abuse in the exploration research community, this gives an obvious sign that patient suffering from stomach disease or conceivable gastrointestinal lot side effect can basically swallow Pill Camera/Endoscopy Capsule that takes previews of all interior pieces of the body for simple assessment and assessment with respect to the health professionals."
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Capsule Endoscopy System Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Capsule Endoscopy System industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.