Capsule Endoscopy Market Size, Outlook and Growth Opportunities, 2019- 2025
- ID:OGAHM1960165
- Published: June-2021
- Pages:130
- OGAnalysis
Global Capsule Endoscopy Market Outlook and Growth Opportunities to 2025: By Type (Workstations & Data Recorders, Capsules and Others), By Application (General Surgery, Cardiac Endoscopes, Gynaecology Endoscopes, Urologic Endoscopes, Bariatric Endoscopes, Neurology Endoscopes, Orthopaedic Endoscopes and Other Applications), By End User Industry (Hospitals, Clinical Centres, and Other End-User Industries) and By Region
Global Capsule Endoscopy Market is poised to report 9.34% during the forecast period 2019 to 2025. Increase in gastrointestinal diseases, colon cancer, and others are witnessed to increase the demand for capsules endoscopies attributing for immediate diagnostics tools and visualization of gastrointestinal organs.
In addition, technological advancements such as extend battery life, Wi-Fi connectivity, others are fuelling market growth. Use of capsule endoscopies are easy, painless, time efficient, and other properties are witnessed to accelerate the market size.
Sometimes, risks and complications associated with stuck of a capsule endoscope inside the body more days are challenging the market growth. In a few cases, it causes internal bleeding which tends to cause inflammation or tissue damage when it passes through narrow passages is also restraining the market demand.
Based on type, Capsule market is witnessed to lead the global capsule endoscopy market:
Capsule dominates among the different types of capsule endoscopies registering at a CAGR rate of 9.51% during the forecast period 2019 to 2025.
Increase in ageing population coupled with a rise in gastrointestinal diseases such as inflammatory bowel disease,appendicitis, and others witnessed to drive the demand for capsule endoscopies. The factors such asthe easy collection of data, accuracy, availability of clear images when compared regular types of imaging tests such as X-ray or magnetic resonance imaging (MRI), are witnessed to boost the market. Capsule endoscopy treatment is painless and not requires any anaesthesia is also a driving factor fueling the market share.
The high cost of capsule endoscopies procurement and food restrictions associated with the capsule endoscopy treatment are declining the market growth. Limited battery time of capsule endoscopy is also estimated to restrain the market.Further, types of capsule endoscopies are segmented into workstations and data recorders, and others.
Hospitals dominate among the end user industries of the global capsule endoscopy market:
Approval of medical across some countries for capsule endoscopy treatments in some countries and the availability of expert medical professionals dealing with capsule endoscopy treatments are witnessed to drive the demand. Increase in numbers of patients’ sufferings from stomach ulcers and is increasing considerably with respect to evolution are tend to accelerate the market share.
Lack of skilled professionals and high treatment costs across the hospitals are restraining the market growth.In addition, these end-user industries of capsule endoscopy market are segmented into clinical centres and others.
North America capsule endoscopy market occupies major share:
North America leads the global capsule endoscopy market accounting for major share in terms of volume and market value.
Increasing awareness among the consumers regarding minimal abrasive surgeries, fewer complications and risks, and others owing for their physical condition are witnessed to drive the demand. The rising number of gastrointestinal, cancer, and other patients coupled with the presence of advanced healthcare infrastructure, and reimbursement policies such as medical and health insurance are evident to increase the capsule endoscopy market share.
In addition, R&D efforts for the development of hybrid capsule endoscopies with enhanced technologies and features could be a benefit for key players in attributing for increased market share.Further, regional analysis of global capsule endoscopy market is analysed for countries across the Asia Pacific, Europe, South&Central America, Middle East & Africa.
Competitive Landscape:
The key players operating in the capsule endoscopy market are Olympus Corporation, Karl Storz GmbH & Co KG., B. Braun Melsungen AG, Stryker Corporation, and Boston Scientific Corporation, Ethicon, Inc. (Johnson & Johnson), Fujifilm Holding Corporation, Medtronic PLC, PENTAX Medical (Hoya Corporation), and Smith & Nephew PLC.
Increased R&D efforts for the development of hybrid capsule endoscopies with extended battery life, WI-FI connectivity, and other factors; and launch of new products are the key strategies adopted by key players in the market to sustain in the competitive landscape.
On June 2018, CapsoVision signeda distribution partnership agreement with PENTAX Medical to sell its capsule endoscopy solutions CapsoCam Plus and CapsoCloud across the US.
On June 2018, Stratis Medical, Inc., signed a distribution partnership agreement with IntroMedic Co., Ltd., to sell their products MiroCam Capsule Endoscopy System in the United States.
Scope:
Long term perspective on the Capsule Endoscopy industry: 2018 (base year), 2019- 2025 (forecast period)
Capsule Endoscopy Market- Forecasts by Segments- Type, Application and End User Industry by geography.
1. The research work categorizes the global Capsule Endoscopy market based on type into 3 categories including workstations & data recorder, capsules and others.
2. It provides the market outlook by 8 applications including general surgery, cardiac endoscopes, gynaecology endoscopes, urologic endoscopes, bariatric endoscopes, neurology endoscopes, orthopaedic endoscopes and other applications.
3. This report provides the market outlook by 3end user industries including hospitals, clinical centres, and other end-user industries.
4. Capsule Endoscopy market across countries in 5 regions including North America, Europe, Asia-Pacific, South & Central America and Middle East & Africa are covered.
Capsule Endoscopy Market- Strategic Analysis Review
1. Key strategies opted by leading players
2. Short to Long Term Industry Trends
3. Porter’s Five Forces Analysis
4. Supply side and Demand Side Drivers and Challenges
Capsule Endoscopy Market- Growth Opportunities
1. Potential New Business Opportunities
2. Key Areas of Focus in forecast period
Capsule Endoscopy Market- Competitive Scenario
1. 10 companies are analysed in the report includingOlympus Corporation, Karl Storz GmbH & Co KG., B. Braun Melsungen AG, Stryker Corporation, Boston Scientific Corporation, Ethicon, Inc. (Johnson & Johnson), Fujifilm Holding Corporation, Medtronic PLC, PENTAX Medical (Hoya Corporation), and Smith & Nephew PLC.
2. Company Peer-to-Peer Comparison
3. Company Profile and SWOT Analysis
4. Financial Analysis
1. Table of Contents
1.1. List of Tables
1.2. List of Figures
2. A Review of 2018 and Outlook to 2021
2.1. Trend Analysis
2.2. Critical Success Factors
2.3. Demand and Growth Dynamics by Type
2.4. Demand and Growth Dynamics by Application
2.5. Demand and Growth Dynamics by Market
3. Strategic Analysis
3.1. Largest Drivers of Capsule Endoscopy Market Growth
3.2. Different Challenges Faced by Capsule Endoscopy Companies
3.3. Five Forces Analysis
4. CAPSULE ENDOSCOPY SYSTEM MARKET, BY COMPONENT
4.1 Capsule Endoscope
4.1.1 Small bowel
4.1.2 Colon
4.1.3 Esophagus
4.2 Work stations and recorders
5. CAPSULE ENDOSCOPY SYSTEM MARKET, BY DISEASE TYPE
5.1 Small Intestine Disorder
5.2 Esophageal disorder
5.3 Colonic disorder
6 Asia Pacific Capsule Endoscopy Market Outlook
6.1 Leading Capsule Endoscopy Types contributing to Asia Pacific market
6.2 Top Applications contributing to Asia Pacific Capsule Endoscopy
6.3 Top countries contributing to Asia Pacific Capsule Endoscopy
7 Europe Capsule Endoscopy Market Outlook
7.1 Leading Capsule Endoscopy Types contributing to Europe market
7.2 Top Applications contributing to Europe Capsule Endoscopy
7.3 Top countries contributing to Europe Capsule Endoscopy
8 North America Capsule Endoscopy Market Outlook
8.1 Leading Capsule Endoscopy Types contributing to North America market
8.2 Top Applications contributing to North America Capsule Endoscopy
8.3 Top countries contributing to North America Capsule Endoscopy
9 South and Central America Capsule Endoscopy Market Outlook
9.1 Leading Capsule Endoscopy Types contributing to South and Central America market
9.2 Top Applications contributing to South and Central America Capsule Endoscopy
9.3 Top countries contributing to South and Central America Capsule Endoscopy
10 Middle East Africa Capsule Endoscopy Market Outlook
10.1 Leading Capsule Endoscopy Types contributing to Middle East Africa market
10.2 Top Applications contributing to Middle East Africa Capsule Endoscopy
10.3 Top countries contributing to Middle East Africa Capsule Endoscopy
11 Company Profile Snapshots
11.1 Top Companies Operating in Capsule Endoscopy market
11.2 AccuRead Endoscopy Inc. Business Profile, SWOT and Financial Analysis
11.3 Boston Scientific Corporation Business Profile, SWOT and Financial Analysis
11.4 Chongqing Jinshan Science & Technology Co. Business Profile, SWOT and Financial Analysis
11.5 Given Imaging Inc. Business Profile, SWOT and Financial Analysis
11.6 IntroMedic Co., Ltd Business Profile, SWOT and Financial Analysis
11.7 Medtronic Plc Business Profile, SWOT and Financial Analysis
11.8 Northside Gastroenterology Endoscopy Center, LLC Business Profile, SWOT and Financial Analysis
11.9 Olympus Corporation Business Profile, SWOT and Financial Analysis
11.10 Olympus Corporation Business Profile, SWOT and Financial Analysis
11.11 RF Co. Ltd. Business Profile, SWOT and Financial Analysis
12 Recent Industry Developments
13 Appendix
13.1 OGAnalysis Expertise
13.2 Sources and Methodology
13.3 Contacts
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