(MENAFN- EIN Presswire) Capsule Endoscopy System Market Size
Capsule endoscopy system market is estimated to reach $2.0 billion by 2030, growing at a CAGR of 12.4% from 2021 to 2030.
PORTLAND, OREGON, UNITED STATES, March 28, 2023 /einpresswire.com / -- Capsule endoscopy is a non-invasive medical imaging technology that allows visualization and examination of the gastrointestinal tract using a small, pill-sized capsule equipped with a tiny camera. The capsule endoscopy system market refers to the industry involved in the manufacturing and distribution of capsule endoscopy systems.
List of Key Players :
The major companies profiled in the capsule endoscopy system industry report include in Given Imaging (Medtronic), IntroMedic Co., Ltd., Olympus Corporation, Chongqing Jinshan Science & Technology (Group) Co., Ltd., RF System lab, CapsoVision, Shengxian Minimal Invasive Inc., Check -Cap, Accuread Endoscopy Inc., Fujifilm Holding Corporation, Anhan Technology (wuhan) co., Ltd.
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Increase in prevalence of cancer, growth in global geriatric population , rise in demand for minimally invasive diagnostic procedures, and surge in introduction of technologically advanced capsules drive the market growth However, high cost of treatments and endoscopy equipment, limited reimbursement, and risk of retention of the capsule, which may require endoscopic retrieval or rarely surgical resection hinder the capsule endoscopy system market growth. Conversely, continuous product innovations and introduction of capsule endoscopy in untapped countries are expected to provide lucrative growth opportunities for key market players.
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Depending on disease in capsule endoscopy system market analysis, the small intestine disorder segment accounted for a major capsule endoscopy system market share of the market share in the capsule endoscopy systems market in 2020. This segment is expected to exhibit a prominent growth rate, owing to the large patient base suffering from small bowel disease. In addition, it has an establish reimbursement policies in developed and developing economies.
Region wise in capsule endoscopy system industry, North America accounted for more than 12.3% of the global market share in 2020, and is expected to remain dominant throughout the forecast period owing due to rise in preference for minimally invasive screening procedures, surge in technologically enhanced products and systems, and increase in construction of healthcare infrastructure. Asia-Pacific is projected to register the highest CAGR of 13.2% during the forecast period, owing to improving healthcare infrastructure, rising geriatric population ,and significant economic development.
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. Which are the driving factors responsible for the growth of market?
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. What are the new opportunities, by which market will grow in coming years?
. What are the trends of this market?
. Which are main factors responsible for new product launch?
. How big is the global & regional market in terms of revenue, sales and production?
. How far will the market grow in forecast period in terms of revenue, sales and production?
. Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
. How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
. Which region has more opportunities?
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