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Capsule Endoscopes Diagnostics Market – What Factors will drive the Market in Upcoming Years

Capsule Endoscopes Diagnostics Market – What Factors will drive the Market in Upcoming Years and How it is Going to Impact on Global Industry

According to the latest report published by Credence Research, Inc. “Capsule Endoscopes Diagnostics Market – Growth, Future Prospects and Competitive Analysis, 2017-2025,” the global capsule endoscopes diagnostics market was valued at US$ 234 Mn in 2016, and is expected to reach US$ 785 Mn by 2025, expanding at a CAGR of 14.45% from 2017 to 2025.

The report covers outlook and research for the Capsule Endoscopes Diagnostics market on a worldwide and regional level. The research gives noteworthy data of 2015-2017 alongside an outlook from 2018 to 2026 in view of revenue (USD Billion). The examination includes drivers and limitations for the Capsule Endoscopes Diagnostics market beside the effect they have on the request over the figure time frame. Furthermore, the report combines the study of possibilities available in the Capsule Endoscopes Diagnostics market on a worldwide level.

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Market Insight:

Capsule endoscope is an ingestible capsule which measures pH, temperature, and pressure as it passes to the gastrointestinal tract to access GI reaction; they also capture and deliver images of GI tract to the receiver or data belt, which physicians can view on their phone or computer for examination purpose. Physicians can accomplish the monitoring tests for reaction to assess motility disorders like prolonged constipation and gastroparesis.

The patient’s downtime can also be minimized by the use of capsule endoscopy and patients can resume their normal daily activities, while the capsule can collect imaging data. Radiation exposure can also be eradicated by using capsule endoscopes and complete transit profile of the GI tract can be provided with motility test. According to the American Cancer Society, the number of new cases of colorectal cancer cases reported in the U.S. for 2017 are: 95,520 and 39,910 new cases of rectal cancer. The third leading cause of deaths in women in the United States is related to colorectal cancer, and second leading in men. About 50,260 deaths are projected to be caused in 2017 by colorectal cancer. Accordingly, an expansive patient base of gastrointestinal disease needs demand adequate diagnosis and observing. Some factors such as obesity, aging population and their sensitivity in GI tract, and increasing demand for non-invasive procedures will boost the demand for capsule endoscopy in the coming time, which has led to the growth in the capsule endoscopes diagnostics market.

Furthermore, the global capsule endoscopes diagnostics market is categorized into the polyposis syndrome, Crohn’s disease, ulcers, celiac disease, and tumors of the small intestine, diverticulum and more. Rising incidence of gastrointestinal diseases, better patience consciousness, increasing geriatric population worldwide, technological advancement, and rise in disposable incomes in the emerging countries would further boost the adoption of capsule endoscopes.

Geographically, the global capsule endoscopes diagnostics market is studied for Europe, North America, Latin America, Middle East & Africa, and Asia Pacific. In terms of revenue share, North America currently leads the global market and is expected that the scenario will remain constant during the forecast period. However, the supremacy of North America will be conspicuously challenged by Asia Pacific market. The demand for progressive capsule endoscopy has augmented in Asia Pacific due to growth in the proliferation of healthcare infrastructure, healthcare expenditure, and disposable income. There are great opportunities for market penetration in countries like Mexico, Brazil, Mexico, India, and China to the major companies already having a grip in developed regions.

This report offers extensive research on the worldwide Capsule Endoscopes Diagnostics showcase alongside, market trends, market size, drivers, and restraints of the Capsule Endoscopes Diagnostics market. This report includes an itemized focused scenario and item pattern of key merchants. To understand the competitive scene in the market, a research of Porter’s five forces model for the market has additionally been incorporated. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary and primary research team of industry experts.

Leading Players:

Key aspects of the study include:

    Capsule Endoscopes Diagnostics Market Snapshot

    Classification of Capsule Endoscopes Diagnostics Market

    Market Overview: Market drivers, restraints and key trends analysis

    Competitive analysis of the key players operating in the market

    Market size split on the basis of geographies and sub-geographies

    Cross-sectional market size for all segments per sub-geography

    Historical market size for year 2016 with 2017 as the base year

    Forecast period: 2018 to 2026

Key questions answered in the Report

    What is the Current Market Size and Forecast for Capsule Endoscopes Diagnostics Market?

    Who are major players in the industry and what are their strategies and developments in the recent years?

    What are the key segments expected to emerge as the most attractive during the forecast period?

    Which is the most lucrative geographic region for Capsule Endoscopes Diagnostics market?

Methodology

At Credence Research, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most detailed analysis of the industry. The research process begins with extensive data mining, using authoritative sources such as trade magazines, technical publications, independent studies along with paid avenues.

About Us

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

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