(PharmaNewsWire.Com, October 24, 2019 ) OG Analysis, a global market research firm, has announced the release of their “Global Capsule Endoscopy Market Outlook and Growth Opportunities to 2025: By Type (Workstations & Data Recorders, Capsules and Others), By Application (General Surgery, Cardiac Endoscopes, Gynaecology Endoscopes, Urologic Endoscopes, Bariatric Endoscopes, Neurology Endoscopes, Orthopaedic Endoscopes and Other Applications), By End User Industry (Hospitals, Clinical Centres, and Other End-User Industries) and By Region” Report proposes complete outlook of the market including comprehensive market analysis, Market Share, Market Size, Market Drivers, Challenges and Opportunities.
Global Capsule Endoscopy Market is poised to report 9.34% during the forecast period 2019 to 2025. Increase in gastrointestinal diseases, colon cancer, and others are witnessed to increase the demand for capsules endoscopies attributing for immediate diagnostics tools and visualization of gastrointestinal organs.
In addition, technological advancements such as extend battery life, Wi-Fi connectivity, others are fuelling market growth. Use of capsule endoscopies are easy, painless, time efficient, and other properties are witnessed to accelerate the market size.
Capsule dominates among the different types of capsule endoscopies registering at a CAGR rate of 9.51% during the forecast period 2019 to 2025.
Increase in ageing population coupled with a rise in gastrointestinal diseases such as inflammatory bowel disease, appendicitis, and others witnessed to drive the demand for capsule endoscopies. The factors such as the easy collection of data, accuracy, availability of clear images when compared regular types of imaging tests such as X-ray or magnetic resonance imaging (MRI), are witnessed to boost the market. Capsule endoscopy treatment is painless and not requires any anaesthesia is also a driving factor fueling the market share.
The high cost of capsule endoscopies procurement and food restrictions associated with the capsule endoscopy treatment are declining the market growth. Limited battery time of capsule endoscopy is also estimated to restrain the market. Further, types of capsule endoscopies are segmented into workstations and data recorders, and others.
Approval of medical across some countries for capsule endoscopy treatments in some countries and the availability of expert medical professionals dealing with capsule endoscopy treatments are witnessed to drive the demand. Increase in numbers of patients’ sufferings from stomach ulcers and is increasing considerably with respect to evolution are tend to accelerate the market share.
Lack of skilled professionals and high treatment costs across the hospitals are restraining the market growth. In addition, these end-user industries of capsule endoscopy market are segmented into clinical centres and others.
North America leads the global capsule endoscopy market accounting for major share in terms of volume and market value.
Increasing awareness among the consumers regarding minimal abrasive surgeries, fewer complications and risks, and others owing for their physical condition are witnessed to drive the demand. The rising number of gastrointestinal, cancer, and other patients coupled with the presence of advanced healthcare infrastructure, and reimbursement policies such as medical and health insurance are evident to increase the capsule endoscopy market share.
In addition, R&D efforts for the development of hybrid capsule endoscopies with enhanced technologies and features could be a benefit for key players in attributing for increased market share. Further, regional analysis of global capsule endoscopy market is analysed for countries across the Asia Pacific, Europe, South & Central America, and Middle East & Africa.
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