Capsule Endoscopy System Market Research, 2032
The global capsule endoscopy system market was valued at $616.57 million in 2020, and is projected to reach $2.0 billion by 2030, growing at a CAGR of 12.4% from 2023 to 2032.
Video capsule, which is a wireless, disposable device with a camera, battery, transmitter, and light source, is used in capsule endoscopy, a non-invasive technique, to examine the entire gastrointestinal system. Images from the oesophagus, stomach, and small intestine are captured by video capsules and used to diagnose gastrointestinal illnesses. The capsule’s integrated camera captures two pictures per second, and its battery lasts for eight hours. Workstations, data recorders, sensors, and software are all components of capsule endoscopy devices, which are used in conjunction with wireless capsules.Data recorder is a device, which needs to be worn around the waist of the patient so that the data captured by video capsule can be transmitted through sensors. Data recorders can also locate the position and movement of the capsule inside the stomach.
Introduction:
Capsule endoscopy is a non-invasive diagnostic technique that involves the use of a small, wireless camera capsule to capture images of the digestive tract. The capsule is swallowed by the patient and travels through the digestive tract, transmitting images to a data recorder worn by the patient. The global capsule endoscopy system market is driven by the increasing demand for non-invasive diagnostic techniques and the rising prevalence of gastrointestinal disorders.
Worldwide, gastrointestinal disorders affect millions of individuals and have a significant economic impact, including the cost of healthcare. GI disorders include inflammatory bowel disease, functional constipation, colon cancer, and gastroesophageal reflux disease (GERD). A video capsule, which is a wireless, disposable device with a camera, battery, transmitter, and light source, is used during capsule endoscopy, a non-invasive procedure, to examine the entire gastrointestinal system. Images from the oesophagus, stomach, and small intestine are captured by video capsules and used to diagnose gastrointestinal illnesses. The capsule’s integrated camera captures two pictures per second, and its battery lasts for eight hours. Workstations, data recorders, sensors, and software are all components of capsule endoscopy devices, which are used in conjunction with wireless capsules. The patient must wear a data recorder around their waist in order for the video capsule’s recorded data to be relayed through sensors. The location and movement of the capsule inside the stomach can also be found using data recorders. The range of uses for capsule endoscopy systems has increased thanks to technological developments, and now includes conditions like small bowel disease, esophageal disease, and most recently colonic disease. Technology advancements have enhanced the conventional endoscopy’s diagnostic, monitoring, and visualisation capabilities. Technology advancements have enhanced the conventional endoscopy’s diagnostic, monitoring, and visualisation capabilities. Newer varieties of capsule endoscopes, including those for the small intestine, colon, and stomach, have been developed as a result of advanced technologies. Endoscopy now has a high level of accuracy, safety, and precision thanks to advancements that would have been difficult to accomplish only a few years ago. The coronavirus (COVID-19) was identified in December 2019 in the Chinese metropolis of Wuhan’s Hubei province. A virus known as the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) that spreads between people is the source of the illness.
This report examines all the key factors influencing growth of global Capsule Endoscopy System market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Capsule Endoscopy System market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
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Market Segmentations:
Global Capsule Endoscopy System Market: Major Players
CapsoVision
Chongqing Jinshan Science & Technology
Given Imaging
Olympus Corporation
IntroMedic
Global Capsule Endoscopy System Market: Types
Capsule Endoscope
Workstations and Recorders
Global Capsule Endoscopy System Market: Applications
Small Bowel Diseases
Esophageal Diseases
Global Capsule Endoscopy System Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Capsule Endoscopy System market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the capsule endoscopy system market analysis from 2023 to 2032 to identify the prevailing market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global capsule endoscopy system market trends, key players, market segments, application areas, and market growth strategies.
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Analysis of the impact of COVID-19 and the Russia-Ukraine War:
The readers of this section will be better informed on the effects of the pandemic, the post-pandemic, and the Russia-Ukraine War on the global market for refrigerated freight services. The factors that have changed since the poll was done include demand, consumption, transportation, consumer behavior, and supply chain management. Industry experts have also emphasized the crucial factors that will help players identify opportunities and maintain the sector as a whole in the approaching years.
Frequently Asked Questions?
- What are the upcoming trends of Capsule Endoscopy System Market in the world?
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- Which is the largest regional market?
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- Which are the top companies to hold the market share in Capsule Endoscopy System?
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