Market OverviewCapsule endoscopy is non-invasive technique which allows the complete inspection of gastrointestinal tract using wireless, disposable device recognised as video capsule, equipped with camera, transmitter, battery, and light source. These capsules capture images in stomach, esophagus, and small intestine that are utilized for diagnosis of various gastrointestinal diseases. The incorporated camera in capsule takes about two pictures every second and battery of capsule lasts for about 8 hours.
According to American Cancer Society (ACS), about 141,000 people were identified with colorectal cancer in U.S. and about 49,000 people died in the year 2011. Furthermore, colorectal cancer is third most commonly identified disease and is the third leading source of deaths in the U.S. Therefore, a large patient base of GI requires adequate diagnosis as well as monitoring. Given Imaging was first company to develop the capsule endoscopy model that was introduced in developed countries in the year 2001. Capsule endoscopy system has developed as effective diagnosis and management technique for the GI diseases such as colorectal cancer, Crohn’s disease, polyposis syndromes, small bowel tumors and obscure gastrointestinal bleeding,.
Segment OverviewGrowing technological sophistication in the capsule endoscopes, bringing about progressive functionalities such as site-specific medicine release, and biopsy is also expected to be key driver for global capsule endoscopy market during the forecast period. The rising medical devices industry is expected to fund important technological development in the capsule endoscopes in coming years, leading to growing demand from global capsule endoscopy market during the forecast period.
Regional OverviewThe North America is expected to lead the global market during the forecast period, followed by the Europe, due to growing prevalence of colonic conditions in the areas. The growing expansion of biosimilars and various other drugs for treatment of intestinal conditions are also expected to be major driver for capsule endoscopy market.
Asia Pacific is anticipated to grow at highest rate, led by the China, where healthcare sector has developed rapidly during the last few years.
Competitor overviewKey players in the global market include RF Co. Ltd., AccuRead Endoscopy Inc., CapsoVision Inc., Fujifilm Holding Corporation, IntroMedic, Olympus Corporation, Chongqing Jinshan Science & Technology, and Medtronic plc.
Nuffield Health Cardiff Bay Hospital, Cardiff, installed new capsule endoscopy machine, in November 2019.
Key Players
- AccuRead Endoscopy Inc.,
- RF Co. Ltd.,
- Fujifilm Holding Corporation,
- CapsoVision Inc.,
- Chongqing Jinshan Science & Technology,
- IntroMedic,
- Olympus Corporation,
- Medtronic plc.
Market SegmentationBy Component
- Capsule Endoscopes
- Workstation
- Recorder
By Application
- Small Bowel diseases
- Esophageal
- Colonic
By Geography
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- Rest of LAMEA
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model