- Endoscopy is a medical procedure to identify disorders related to digestion. It involves minimal invasiveness. Capsule endoscopy is a procedure to record images of the digestive system. It can be utilized to detect illnesses of the intestines. The procedure aids in scrutinizing the gastrointestinal tract lining. The lining consists of three portions of the small intestine,that are the ileum, duodenum and jejunum.
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A capsule endoscope refers to an instrument having a size similar to a pill. It includes camera, batteries, transmitter and light source. A capsule endoscope is gulped by a patient and captures images of his/her gastrointestinal tract. These images are later received by experts and scrutinized carefully. The procedure involves receiving high resolution pictures that might not be accessible via other endoscopy methods and practices.
The worldwide capsule endoscopy market is projected to experience huge expansion in the years ahead. This would materialize with the growing aged population around the world. Theold population needs medical attention and steers further demand for the market. Moreover, the increasing occurrence of peptic ulcers, a gastrointestinal tract disorder, also drives the capsule endoscopy market forward.
Nearly 500, 000 new ulcer cases are identified every year in the United States of America. Such a huge prevalence propels accentuating demand for the capsule endoscopy market. Peptic ulcers are found frequently in old people and men. The wide occurrence of these ulcersalso drives the utilization of capsule endoscopes and steers the sales of the capsule endoscopy market.
Peptic ulcers are primarily triggered by anxiety, alcohol consumption, smoking and hyperparathyroidism. Thus, increase in any one of the above conditions can lead to demand for capsule endoscopes. This factor also propels escalating demand for the capsule endoscopy market. Capsule endoscopy procedures would gradually substitute conventional ones. The ease and non-invasiveness of capsule endoscopy would contribute to the same.
Both these features augur well for the capsule endoscopy market and drive it ahead. The profitability of capsule endoscopes is also ascribed to rising colorectal cancer cases, helpful governmental proposals and augmented demand for accurate and quicker diagnostics tools. The market was projected to have attained a size of around USD 455 million in 2014.
It is predicted to rise at about 8.7 percent through the forecast phase. The capsule endoscopy market is divided on the basis of four categories. These are products, applications, accessories and regions.
The different products include esophageal capsules, small bowel capsules and colon capsules. Small bowel capsules occupied the biggest share in 2014.
Obscure gastrointestinal bleeding was one of the most dominating application sectors of the capsule endoscopy market in 2014.
Wireless capsule dominated the accessories market in 2014. Growing applications of wireless capsules in esophagus, small intestine and colon and supportive repayment policies are some of the propellers of the wireless capsule endoscopy market.
North America was the biggest market in 2014. The Asian Pacific capsule endoscopy market is estimated to make lots of money through the forecast period. This is on account of rising consciousness among patients, enhanced medical infrastructure and increased disposable earnings.
Information Source: Grand View Research
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