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Capsule Endoscopy Market Revenue is To Reach A Value of CAGR Forecast Till 2025 | Growth With Top Companies

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Rahul Sharma
Capsule Endoscopy Market Revenue is To Reach A Value of CAGR Forecast Till 2025 | Growth With Top Companies

The global Capsule Endoscopy (CE) market size was valued at USD 454.7 million in 2014 and is expected to grow at a CAGR of 8.7% in coming years.The market is driven by the factors such as rising incidences of gastrointestinal (GI) diseases, the presence of supportive government initiatives, demand for faster and accurate diagnostics tools for colorectal cancer. CE technique gives pain-free visualization of GI tract images, transmitted through data recorder. Moreover, the introduction of innovatively advanced capsules having a longer battery life and Wi-Fi enabled are anticipated to add to the revenue growth.

 

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Market Synopsis of Capsule Endoscopy Market:

 

With aging, the risk of GI disorders increases. Thereby, expanding worldwide geriatric population is additionally offer with a firm growth platform. As per the W.H.O, global population base relating to the age group – 65 years and or more is relied upon to ascend from 7% in 2000 to 16% in 2050. This is anticipated to enhance the patient base hence, augmenting the development.

 

Product Insights

 

The market is segmented into colon capsule, esophageal capsule and small bowel capsule. As of 2014, the largest share was held by small bowel capsule attributable to its expanding utilization in various multiple conditions such as obscure GI tract bleeding, inflammatory bowel disease, small bowel neoplastic lesions and Crohn’s disease. On the other hand, colon capsule segment is anticipated to exhibit strong development over the forecast period. According to CDC, each year 608,000 fatalities are caused by colorectal cancer. Every year more than 14.5 million colonoscopies are performed. Moreover, rising demand for less invasive diagnosis platform is a key factor assuring the aforementioned conclusion.

 

Accessories Insights

 

In 2014, wireless capsule held the leading position amongst the various application segments. The expanding utilization rate of wireless capsules in the colon, esophagus and small intestine and the presence of conducive reimbursement policies are some major drivers for this segment. Technologically enhanced capsules with inbuilt components, such as 360-degree panoramic view, easy transmission, enhanced data storage capability, larger frame rate and greater battery life are further providing this segment with lucrative growth opportunities.

 

View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/capsule-endoscopy-market

 

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