Market Overview:
Capsule Endoscopy Market is expected to grow at a CAGR of 8.7% during the forecast period 2022-2029. As per Priority Exploration, the worldwide red biotechnology market size is anticipated to hit around US$ 510 billion by 2027 from an estimated at US$ 322 billion out of 2022. The North America region has the highest market share in the Capsule Endoscopy Market, and it is further continuing its dominance during the forecast period.
Our research report gives wide perceptions of the latest trends and development prospects of the market analysis, detailed segmentation analysis, volume, size, share, growth drives, and opportunities in the market. In-depth regional and country-level illustration of the competitive landscape depends on several phases and status of clinical trials over the prominent economies of the globe, and also the report contains a number of major companies profiled in the relevant market.
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Market Drivers:
The rising mechanical progressions in endoscopy methods is supposed to drive the worldwide case endoscopy market in the estimate period
The fiberoptic endoscope (fiberscope) time has given way to the video extension and, all the more as of late, the case endoscope. Video endoscopy will keep on being the most well-known sort of endoscopy for the following 5-10 years, however analytic systems, for example, colonoscopy are supposed to be performed by case endoscopy. Due to its accommodation and harmlessness, container endoscopy has changed the administration of little gut illnesses. Container endoscopy is a standard technique to analyze dark gastrointestinal dying, Crohn’s sickness, little gut cancers, and polyposis condition.
For example, on November 15, 2021, PillCam Little Inside 3 framework for distant endoscopy techniques. The PillCam SB3 @HOME program consolidates Medtronic’s PillCam innovation with Amazon strategies, planning to furnish patients with ideal and exact outcomes from the solace of their own homes. PillCam SB3 @HOME is a telehealth choice for direct perception and observing of the little inside, which can assist with recognizing sores that are not identified by upper and lower endoscopy and may: demonstrate Crohn’s sickness, find dark dying, or distinguish wellsprings of lack of iron weakness (IDA).
Market Segmentation:
By Product
Capsule Endoscopes
Small Bowel
Esophageal
Colon
By Application
Crohn’s Disease
OGIB (obscure GI tract bleeding)
Small Intestine Tumor
Others
By End-User
Hospitals
Ambulatory surgery centers
Other
Major Companies Covered:
FDA approvals, mergers, and product launches. Some of the key players are Given Imaging (Medtronic Plc), Olympus Corporation, IntroMedic, Co. Ltd., Chongqing Jinshan Science & Technology (Group) Co., Ltd., CapsoVision, RF System lab, Check-Cap, Advin Health Care
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