The Global Market for Capsule Endoscope Systems is Projected to Reach US$485.5 Million by 2020

Growing Incidence of GI Tract Diseases to Drive Demand for Capsule Endoscope Systems, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Capsule Endoscope Systems market. The global market for Capsule Endoscope Systems is projected to reach US$485.5 million by 2020, driven by aging population, rising incidence of GI tract diseases, expansion of indications and technological advances.

Endoscopy is a non-surgical technique used in visualization of gastrointestinal tract for disease diagnosis. Although a gold standard in diagnosis of various gastrointestinal (GI) tract diseases, conventional endoscopy suffers from certain limitations such as its invasiveness, procedure-associated discomfort and inability to screen small intestine. Capsule endoscopy is an advanced visualization technique developed to address some of the shortcomings of conventional endoscopy and provide a safe, reliable and easy to use alternative. Key factors driving demand for capsule endoscope systems include inherent benefits such as the wireless nature of the system, relative ease in conducting the procedure, lower or no patient discomfort and lack of need for using sedatives during the procedure. Aging population, growing incidence of gastrointestinal diseases, increasing shift towards minimally/non-invasive procedures, technological advances and expansion of indications are other factors driving growth in adoption of capsule endoscope systems.

The technology behind capsule endoscopy witnessed significant developments since its first introduction, with improvements in battery life, image resolution and miniaturization among others. While visualization was the initial purpose of developing capsule endoscopy, efforts to expand scope to include active manipulation of capsules during its transit and use in therapeutic applications have been on the rise in recent years. Ongoing research is focused on developing capsules that enable sampling tissues of the gastroduodenal tract as well as enabling administration of therapeutic agents, which includes approaches such as controlled CO2 insufflation system, targeted drug delivery system, biopsy equipment, tagging, and mobile robotic platform among others. Such efforts are expected to result in technological advances that enable expansion of capabilities of capsule endoscopy in the coming years. 

As stated by the new market research report on Capsule Endoscope Systems, the United States represents the largest market worldwide. Aging baby boomers with GI diseases, favorable reimbursements policies, early adoption of the technology, availability of key products and technological advancements are the major factors leading to higher adoption of capsule endoscope systems in the country. Asia-Pacific is projected to emerge as the fastest growing market with a CAGR of 10.9% through the analysis period. Growing awareness, developing healthcare infrastructure, increasing healthcare spending, and easy affordable access to latest medical technologies are key factors driving growth in the region.

Major players covered in the report include CapsoVision, Inc., CapsoVision, Inc., Given Imaging Ltd., IntroMedic Co., Ltd., Chongqing Jinshan Science & Technology (Group) Co., Ltd., Olympus Corporation and RF Co., Ltd.

The research report titled “Capsule Endoscope Systems: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for Capsule Endoscope Systems in US$ terms for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific, Latin America and Rest of World.

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