Pillcam Endoscopy Market Highlights 2020-2029
The pillcam endoscopy market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2021-2029. The rise in a number of chronic diseases such as cancer and gastrointestinal diseases in developed as well as developing countries are some of the factors expected to drive the growth of the global pillcam endoscopy market. Advancement in pillcam endoscopy technology and hybrid imaging techniques, increase in a shift of patients towards the advanced diagnostics is one of the major factor driving the growth of the global pillcam endoscopy market. According to the data collected from Centre of Disease Control and Prevention, in 2018, the estimated number of adults with diagnosed ulcers are 14.8 million and percent of adults with diagnosed ulcers are 5.9% in the U.S.
The market is segmented based on application into colonic pillcam, bowel pillcam, oesophageal pillcam, and others, out of which, the bowel pillcam segment is anticipated to grab the largest share by the end of 2021 in the global pillcam endoscopy market by product. Bowel pillcam endoscopy aids physicians in evaluating critical gastrointestinal parts with the help of advanced visualization systems. On the basis of end-use industry, the hospitals segment in the global pillcam endoscopy market is projected to grow with a significant CAGR over the forecast period. The growth can be attributed due to the reason that hospitals provide healthcare services such as diagnostics and disease treatment with the help of modernized equipment. With the increasing prevalence of gastrointestinal diseases, rising number of gastrointestinal examinations are being conducted, which, in turn, is likely to drive the growth of the pillcam endoscopy market for the hospital segment during the forecast period. CLICK TO DOWNLOAD SAMPLE REPORT
Global Pillcam Endoscopy Market Regional Synopsis
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. In the Asia Pacific, development has been made significantly to offer better healthcare services. The government supports the developments through various strategies, initiatives, and programs that help in increasing awareness regarding gastrointestinal disorders. Countries such as India, China and Japan have untapped potential and are likely to become the focal point of development in the region. The healthcare industries have shown readiness in adoption of the technological advancements of the West. The region has a large population base with high prevalence of gastrointestinal diseases and favourable regulatory scenario. Thus, these factors are likely to propel the regional growth of the market.
The global pillcam endoscopy market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Market Segmentation
Our in-depth analysis of the global pillcam endoscopy market includes the following segments:
By Product
- Colonic pillcam
- Bowel pillcam
- Oesophageal pillcam
By End-use Industry
- Hospitals
- Diagnostic Laboratories
- Specialty Clinics
- Others
By Application
- Obscure Gastrointestinal Bleeding (OGIB)
- Crohn’s Disease
- Small Intestine Tumor
- Others
Growth Drivers
- Rising Prevalence of Small Intestinal Disorders
- Increasing Geriatric Population in the World
Challenges
- Lack of Skilled Technicians
Top Featured Companies Dominating the Market
- Medtronics Plc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Olympus corporation
- IntroMedic
- Capsovision
- Check-CapShangxian Minimal Invasive Inc.
