A new report by Transparency Market Research focuses on key companies, startup companies, and new trends in the global capsule endoscope systems market. Capsule endoscopy, a minimally invasive process is primarily utilized to detect digestive disorders and to record pictures of the digestive tract that can be used in the future to diagnose intestinal diseases. Capsule endoscopy is used to examine the gastrointestinal tract that includes portions of small intestine such as jejunum, duodenum, and ileum.
Capsule endoscope device consists of parts such as camera, batteries, transmitter, and light source. Key companies operating in the global capsule endoscope systems market are focusing on adopting new technologies to upgrade capsule endoscope and its parts. The adoption of new technology and the implementation of innovation are two of the key factors expected to propel the global capsule endoscope systems market. The report, titled “Capsule Endoscope Systems Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” states that the rising aging population will have a positive impact on this global market.
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The number of elderly people requiring medical help is increasing at a considerable rate. This is anticipated to contribute towards the growth of the global capsule endoscope systems market. It is expected that around 500,000 new ulcer cases will be registered every year. In the United States, at a time around 5 million people are diagnosed with ulcers every year. Peptic ulcers, commonly found in the elderly and the men are caused because of excess use of non-steroidal anti-inflammatory drugs. Excess smoking and excess consumption of alcohol also lead to peptic ulcers. The occurrence of peptic ulcer is also increasing across the globe, which is another factor expected to boost the demand for capsule endoscope systems.
The global market for capsule endoscope systems is anticipated to register a strong growth throughout the forecast period. For a detailed competitive analysis, the market is regionally divided into Europe, Asia Pacific, North America, and Rest of the World. Some of the key organizations listed in the report are Olympus Corporation, SynMed Limited, and Fujifilm Holding Corporation.
Technological advancements are being increasingly adopted by key companies operating in the global capsule endoscope systems market. Some of the leading companies are engaged in acquiring the new companies, which will help them maintain their dominance. While the global capsule endoscope systems market is highly competitive in nature, it offers growth opportunities for the new entrants. As per the findings of the report, by merging with the leading companies, the new entrants will get a chance to know about the changing trends and innovations.