The global capsule endoscopes market is expected to grow at a CAGR of close to 11% during the forecast period, 2017-2021.
Technavio has announced its latest market research report on the global capsule endoscopes market, under its medical imaging portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Medtronic, Olympus, IntroMedic, and Chongqing Jinshan Science & Technology.
According to Barath Palada, a lead analyst for medical imaging research at Technavio, “Colon capsule endoscopy is used to diagnose colonic pathologies such as tumors and polyps. It allows visualization of colonic mucosa with no sedation or radiation along with a complication-free screening method. The increasing preference for complication-free methods to diagnose gastrointestinal disorders among consumers is expected to facilitate growth of the market during the forecast period.”
The usage of capsule endoscopy to diagnose esophageal cancer, colorectal cancer, and small bowel obstruction is growing significantly, which is expected to contribute to the market growth globally. This is accreditable to the fact that non-invasive techniques reduce cost and hospital stay, lower risks of post-operation infections, and offer rapid results and faster recovery period.
Click here to request a free sample of this report
Growing preference for 3D imaging
Vendors are changing the diagnostic approach of capsule endoscopy from 2D representation to 3D representation to offer a better overview to the physicians. Software that offers 3D representation of conventional monocular 2D can be used to get a 3D view of the gastrointestinal tract and small bowel. 3D representation can enhance the textural aspects of the gastrointestinal tract and small intestine to improve the ease of diagnosis. The application of 3D reconstruction software in capsule endoscopy offers enhanced images and accurate diagnosis of gastrointestinal disorders such as lesions, tumors, Crohn’s disease, and small bowel diseases.
Emergence of magnetic guided capsule endoscopy
The magnetic guided capsule endoscopy system was developed through a collaboration between Siemens Healthcare and Olympus Medical Systems (division of Olympus) to provide the endoscopic visualization of the stomach. This new technology will resolve the problem of delayed gastric emptying and other stomach related disorders. Post approval, magnetic guided capsule endoscopy has the ability of changing market dynamics and increase the penetration of capsule endoscopes for other applications.
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Capsule Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Healthcare Hyperspectral Imaging (HSI) Systems Market 2017-2021
- Global Echocardiography Market 2017-2021
- Global Optical Coherence Tomography Market 2017-2021
To read more press releases – click here
