Capsule Endoscopy Market Key Region, Opportunities and
Manufacturing Base Forecasts To 2022
“Capsule Endoscopy Market is driven by the factors such as rising incidences
of gastrointestinal (GI) diseases, the presence of supportive government
initiatives, and demand for faster and accurate diagnostics tools for
colorectal cancer.”
Industry Insights
The Global Capsule Endoscopy (CE) Market size was valued at USD 454.7 million in 2014 and is expected to
grow at a CAGR of 8.7% in coming years. The market is driven by the factors such as rising incidences of
gastrointestinal (GI) diseases, the presence of supportive government initiatives, and demand for faster and
accurate diagnostics tools for colorectal cancer. CE technique gives pain-free visualization of GI tract images,
transmitted through data recorder. Moreover, the introduction of innovatively advanced capsules having a
longer battery life and Wi-Fi enabled are anticipated to add to the revenue growth.
With aging, the risk of GI disorders increases. Thereby, expanding worldwide geriatric population is additionally
offer with a firm growth platform. As per the W.H.O, global population base relating to the age group – 65 years
and or more is relied upon to ascend from 7% in 2000 to 16% in 2050. This is anticipated to enhance the patient
base hence, augmenting the development.
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Product Insights
The market is segmented into colon capsule, esophageal capsule and small bowel capsule. As of 2016, the
largest share was held by small bowel capsule attributable to its expanding utilization in various multiple