Capsule Endoscopy System Market Driven by Rising Preference for Minimally Invasive Screening Procedure
Posted on 04 Aug 2022
Capsule endoscopy is generally a non-invasive technique that enables complete examination of the gastrointestinal tract with the use of the disposable and wireless device known as the video capsule. The device is equipped with a light source, transmitter, battery, and camera. The video capsule captures the images in the small intestine, stomach, and esophagus that are further used to diagnose gastrointestinal diseases. The global capsule endoscopy system market is expanding at a rapid pace due to the rising demand for the procedure using minimally invasive diagnostic techniques, increase in the introduction of technologically advanced capsules, growth in the geriatric population, and rising prevalence of cancer around the world.
These are the latest findings of TMR Research (San Francisco, CA, USA), a provider of market research and consulting services.
Capsule endoscopy systems generally include software, sensor, data recorder, and work station, which are used in order to integrate them with wireless capsules. Further, a data recorder is a device that is worn around a patient’s waist in order to transmit the data through sensors that are captured by a video capsule. The data recorder can locate the movement and position of the capsule that is the inside stomach. Going forward, technologically advanced and innovative products are likely to gain commercialization due to growing R&D activities for product development. This is expected to provide further growth impetus to the global capsule endoscopy system market in the near future. However, the risks of capsule retention, limited reimbursement, and high endoscopy treatment costs are expected to limit market growth.
Geographically, Europe, LAMEA, Asia Pacific, and North America are the world’s most lucrative markets for capsule endoscopy systems. North America is expected to dominate the global capsule endoscopy system market due to the growing preference for minimally invasive screening procedures, increasing number of technologically advanced systems and products, and improvement in healthcare infrastructure in the region.
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