The Worldwide Capsule Endoscopy Market is segmented on the basis of component into wireless capsule and receiver. On the basis of the product it is segmented into rigid endoscopes, cystoscopes, neuroendoscopes and other and on the basis of the application the market is segmented into Crohn’s disease, intestine diseases, (gastrointestinal tract) GIT bleeding and others.
An endoscopy is a procedure that allows physicians or surgeons to look inside interior parts of the organ. The technique is used for both diagnostic and therapeutic purpose. To perform endoscopy a specialized instrument is used named as endoscope. There are various type of endoscopes and adoption of endoscope depends upon the affected body organ such as, bronchoscopes are used for lungs related problem, arthroscopes are preferred for problems associated with joints, and many others. Other instruments required during an endoscopic procedure include Biopsy forceps, Cytology brush, Flexible forceps, trocar sleeves, etc. For therapeutic purpose, endoscopes are either attached or passed through surgical instruments to perform particular surgery. Endoscopic Surgery is a type of minimally invasive surgery in which an endoscope is inserted in the body through small incisions to examine the internal organs. The major advantages associated with endoscopic surgery are small incisions, minimal blood loss, less scarring, low risk of infection, and less recovery time
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Key players For Global Capsule Endoscopy Market:
Fujifilm Holding Corporation (Japan), Olympus Corporation (Japan), Given Imaging (Israel), RF System Lab (US), Capso Vision Inc. (US), IntroMedic Co., Ltd. (South Korea), Chongqing Jinshan Science & Technology Co. (China) and Johnson and Johnson (US).
Global Capsule endoscopy Market – Regional Analysis
Geographically, Americas region is commanding the largest market share owing to the increasing adoption rate of endoscopic surgery. According to the Centers for Disease Control and Prevention, it is reported that in the United States due to increase in colonoscopy procedures the percentage of population detected with colon cancer has been increased. It is also estimated that on considering colonoscopy screening capacity of the United States now, 80% of the eligible population will be screened by 2023. Further Thus the market potential of nations such as India, Thailand, Vietnam etc. is huge which has been constrained by lack of healthcare professionals specifically endoscopists.
The market maturity of different nations also varies by an immense scale. China has the most market potential followed by India. India represents the next nation which will drive the future capsule endoscopy device market. Developed markets such as Japan, US etc. is likely to witness modest low single digit growth. The competition is also strong in the developed regions market. Thus developing region nations such as India, Argentina etc. are ideal for any new entrant.
There were approximately 15,000,000 endoscopy procedures in the US in 2016 alone. The population of US in 2016 is approximately 323.1 million. Thus there is one endoscopy procedure performed per 20 million population. The comparative rates for developing regions are far below taking the United States as reference base. Hence it is estimated that the market potential for global capsule endoscopy is expected to huge and will grow immensely in the coming future.
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Major Table of Contents Capsule Endoscopy Market Research Report- Global Forecast To 2023
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS & LIMITATIONS
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
3 MARKET DYNAMICS
3.4 MACROECONOMIC INDICATORS
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