Capsule endoscopy is a painless and convenient procedure to take pictures of the internal digestive tract. The capsule endoscope is a tiny wireless camera which involves use of a video capsule (which is swallowed) to take photographs of the insides of the esophagus, stomach, and small intestine for proper diagnosis. This technology is gaining acceptance and momentum as it is painless, non-sedative, and easy to be administered process avoiding exposure to potentially harmful radiation. The technological advancements and the increased adoption of non-invasive procedures are expected to be the major factors driving the Asia-Pacific capsule endoscopes market in the coming years.
The Asia-Pacific capsule endoscopes market is expected to grow at a CAGR of 14.5% from 2013 to 2018. The market is mainly driven by the increasing prevalence of diseases requiring endoscopy procedures, the increasing endoscopy-related research, the increasing adoption of technologically advanced techniques, and favorable reimbursement policies.
The report analyzes the market according to the major applications these devices are used for. Laparoscopy and gastrointestinal endoscopy procedures are topping the applications market for capsule endoscopy. With market values of $124.0 million and $116.5 million in 2013 respectively, the laparoscopy and gastrointestinal endoscopy segments contributed 22.1% and 20.8% share to the total Asia-Pacific capsule endoscopy devices market in 2013. All the application segments experienced a positive growth in recent years, owing to an increased awareness among patients and physicians regarding new endoscopy technologies and the numerous advantages offered by these devices.
Aging, chronically ill population, increasing affluence, increasing number of private sector hospitals, advancements in endoscopic technology, and expansion to rural healthcare facilities are also going to play a pivotal role in boosting the demand for endoscopy in the Asia-Pacific region. With the growing number of elderly people, age-related ailments are also expected to rise sharply, thus propelling the demand and consumption of endoscopy devices. China and India are expected to be the focal points for the growth of capsule endoscopy market in the APAC region.
The report provides an extensive competitive landscaping of companies operating in this market. The key players of the market covered in the report are Richard Wolf GmbH, Hoya Corporation, and Fujifilm Holdings Corporation, among others. This report also includes market share and value chain analyses, and market metrics such as drivers, restraints, and upcoming opportunities in the market. The details of the segment and country-specific shares, news and deals, M&A, segment-specific pipeline products, product approvals, and product recalls of the major companies are also covered in the report.
CUSTOMIZATION OPTIONS
Along with the market data, customize the MMM assessments to meet your company’s specific needs. Customize to get comprehensive industry standards and deep-dive analysis of the following parameters:
Product Analysis
- Usage pattern (in-depth trend analysis) of products (segment-wise)
- Product matrix, which gives a detailed comparison of product portfolio of each company mapped at country and sub-segment levels
- End-user adoption rate analysis of the products (segment and country-wise)
Epidemiology Data
- Country-specific prevalence and patient pool of cancer, gastrointestinal tract disorders, gastro esophageal reflux disorder (GERD), gynecological disorders
- Disease progression (pattern analysis)
Procedure Volume Data
- Different types of capsule endoscopy procedures performed annually in Asia-Pacific tracked till sub-segment levels
- Number of abdominal, gastro intestinal, gynecology, large and small intestinal procedures performed by endoscopy in Asia-Pacific
Pricing Trends
- Cost analysis of capsule endoscopes in Asia-Pacific
- Procedural investments in Asia-Pacific for abdominal, gastro intestinal, gynecological, and large and small intestinal endoscopy
Competitive Intelligence
- The company share analysis of the top players of the regional market
- The crucial developments and strategies that the top market companies are inculcating in their portfolios
Alternative Products: Impact Analysis
MMM’s Healthcare Decision-Making Quadrant is an innovative and useful quadrant for vendors who wish to analyze potential growth markets based on parameters such as patient dynamics (patient pool, epidemiology of disease, and preference towards surgeries/alternative therapies) and macroeconomic indicators (number of hospitals and cancer centers, reimbursement scenario, diagnosis rate, treatment rate, and healthcare expenditure).
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North American Endoscopes Market The North American endoscope market was valued at $4.9 billion in 2013 and is expected to reach $6.8 billion by 2018, growing at a CAGR of 6.8% during the forecast period. The key players in this market are Stryker Corporation, Ethicon Endo-Surgery, Inc., Olympus Corporation, Covidien plc, Arthrex, Inc., Smiths Group plc, Aesculap, Inc., ConMed Corporation, Richard Wolf GmbH, Hoya Corporation, and Fujifilm Holdings Corporation. The details of segment and country-specific company shares, news and deals, mergers and acquisitions, segment-specific pipeline products, product approvals, and product recalls of the major companies have also been covered in the report. |
Upcoming | |
European Endoscopes Market The European endoscope market was valued at $3.2 billion in 2013 and is expected to reach $4.2 billion by 2018, growing at a CAGR of 5.7% during the forecast period. The key players in this market are Stryker Corporation, Ethicon Endo-Surgery, Inc., Olympus Corporation, Covidien plc, Arthrex, Inc., Smiths Group plc, Aesculap, Inc., ConMed Corporation, Richard Wolf GmbH, Hoya Corporation, and Fujifilm Holdings Corporation. The details of segment and country-specific company shares, news and deals, mergers and acquisitions, segment-specific pipeline products, product approvals, and product recalls of the major companies have also been covered in the report. |
Upcoming | |
Asian Endoscopes Market The Asian endoscope market was valued at $2.9 billion in 2013 and is expected to reach $4.2 billion by 2018, growing at a CAGR of 7.6% during the forecast period. The key players in this market are Stryker Corporation, Ethicon Endo-Surgery, Inc., Olympus Corporation, Covidien plc, Arthrex, Inc., Smiths Group plc, Aesculap, Inc., ConMed Corporation, Richard Wolf GmbH, Hoya Corporation, and Fujifilm Holdings Corporation. The details of segment and country-specific company shares, news and deals, mergers and acquisitions, segment-specific pipeline products, product approvals, and product recalls of the major companies have also been covered in the report. |
Upcoming |