The global cardiac catheterization market is accruing pervasively mainly due to the growing rate of cardiovascular disorders, worldwide. Currently, the world is witnessing the increasing number of cardiac disorders cases and issues related to heart diseases. Sadly, the figure is expected to grow every year; despite the several innovative therapies and procedures. The rising prevalence of these diseases is becoming a major concern fuelling the growth of the global cardiac catheterization market.
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Acknowledging the fiercely ascending market, Market Research Future (MRFR) in its recently published study report asserts that the global cardiac catheterization market will continue to grow by 2023, registering a CAGR of 9.2% during the forecast period (2017-2023).
Rising technological advancements transpired in the field of heart care, bringing a diversity of engineering and design backgrounds, privacy, liability, and financial perspectives necessary to succeed in a complex health care system. Global Cardiac Catheterization market is growing as continuously increasing the patients suffering from arterial diseases. Changing lifestyle, an increasing number of the patient suffering from obesity and diabetes has also helped to expand the market of the cardiac catheterization market.
On the other hand, stringent regulations and reimbursement issues in many countries are some of the dominant factors obstructing market growth. Also, the lack of skilled healthcare professionals is expected to the hamper the market growth.
The global capsule endoscopy market is segregated on the basis of component, product, and application. By component, it is bifurcated into wireless capsule and receiver. The increasing use of wireless capsules in the colon, small intestine, and esophagus coupled with the presence of reimbursement policies are some effective drivers of the wireless segment. Great battery life, technologically advanced capsules with inbuilt features such as 360-degree panoramic view, enhanced data storage capability, large frame rate and easy transmission bestow the wireless capsule market with highly lucrative growth opportunities.
By the product, it is segmented into rigid endoscopes, cystoscopes, neuroendoscopes, and others. Rigid endoscopes are used for visualizing the interior of a hollow organ such as the bladder or esophagus, either for diagnostic or therapeutic purposes that customarily has one or more channels to enable passage of instruments such as forceps or scissors.
Major applications include Crohn’s disease, gastrointestinal tract (GIT) bleeding, and intestine diseases. The endoscope helps in displaying images pertaining to bleeding, ulcers, and other signs of Crohn’s disease. It also helps in discerning the location and extent of the disease within the digestive tract. In the GIT bleeding segment, a doctor can perceive the inside lining of your digestive tract. This helps in rapid diagnosis and treatment of conditions affecting the stomach, esophagus, and upper intestine or duodenum.
There are few of the key vendors that hold a major share in the capsule endoscopy market globally.
- Chongqing Jinshan Science & Technology
- Johnson and Johnson
- RF System Lab
- Capso Vision
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Regional analysis for capsule endoscopy market
Regions covered in the market report include North America, Middle East & Africa (MEA), Asia Pacific (APAC), and Europe. The North American region has secured the largest market share owing to the increasing adoption rate of endoscopic surgery. According to the Centers for Disease Control and Prevention (CDC), the percentage of population detected with colon cancer has risen in the U.S. This is also evident with the increase in colonoscopy procedures.
The Asia Pacific market is anticipated to exhibit a 10.1% CAGR during the forecast period. The market potential of economies such as India, Vietnam, and Thailand etc. is tremendous, but on the other hand is constrained by lack of healthcare professionals. China, on the other hand, has the most market potential trailed by India. India is deemed to drive the future capsule endoscopy market. Developed economies such as Japan, U.S etc. are likely to experience modest single digit growth. Thus developing region nations such as Argentina and India are ideal for any new competitor. Although, comparatively, the rate of growth for developing regions is far below than that of the United States. Overall, it is estimated that the market potential for capsule endoscopy is expected to grow monumentally in the foreseeable future.
Table Of Content
1. Report Prologue
2. Market Introduction
3. Research Methodology
4. Market Dynamics
5. Market Factor Analysis
6. Global Capsule Endoscopy Market, By Component
7. Global Capsule Endoscopy Market, By Application
8. Global Capsule Endoscopy Market, By Endoscope
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