LONDON--(BUSINESS WIRE)--Technavio has published a new report on the global capsule endoscope market, which is expected to grow at a CAGR of 11% from 2015-2019.
Capsule Endoscope: About the Report
Capsule endoscopy is a modern disease diagnosis technique that is used to examine the gastrointestinal tract. The increasing elderly population is one of the major drivers that is expected to propel the market growth during the forecast period.
As a person ages, the incidence of gastrointestinal diseases like colorectal and esophageal cancer, pancreatic diseases, biliary diseases and other intestinal disorders also increases. Capsule endoscopy can be performed irrespective of age as the procedure is safe and effective for patients, especially the elderly.
“Improved living conditions and quality of healthcare are increasing the demand for endoscopy products for procedures like capsule endoscopy, percutaneous endoscopic gastrostomy and other intestinal methods,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also emphasizes the increased use of capsule endoscopy as an alternative to more conventional methods of gastrointestinal disease diagnosis, which are considered unpleasant in terms of both analysis and treatment.
Capsule Endoscope: Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the global capsule endoscope market from 2015-2019. To calculate the market size, the report considers revenue generated from capsule endoscopy device sales used for the treatment of various diseases, such as gastrointestinal disorders.
Key Information Covered in the Report:
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Key Vendors:
- Chongqing Jinshan Science & Technology Group Co. Ltd.
- IntroMedic Co. Ltd.
- Medtronic plc
- Olympus Corp.
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Market Growth Drivers:
- Growing Elderly Population
- For a full detailed list, view our report.
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Market Challenges:
- Alternative Endoscopy Procedures
- For a full detailed list, view our report.
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Market Trends:
- Increased Usage of Capsule Endoscopy
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 200+ reports on the gastrointestinal market:
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