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.
The North American segment accounts for the largest share of the global capsule endoscopy devices market. The market value was valued at $495.4 million in 2012 and is expected to grow at a CAGR of 13.8% from 2013 to 2018. The market is mainly driven by favorable reimbursements policies in the U.S., technological advancements, influx of new players in the market, and the increasing incidence of diseases requiring endoscopy procedures.
The report analyzes the market on the basis of major applications it is used for. The laparoscopy and gastro-intestinal endoscopy procedures are topping the application market for capsule endoscopy. All the application segments experienced a positive growth owing to an increased awareness of patients and physicians towards the usage and reception of new endoscopy technologies.
The preference for capsule endoscopy has increased because patients demand for minimally invasive surgeries. Endoscopic procedures are low-risk procedures and are easily covered by health insurance. A pivotal factor that propels the growth of the endoscopy market is the rapid rise in the number of elderly people who are prone to orthopedic, gastrointestinal, and ophthalmic, cancer, and other diseases. According to the World Health Organization (WHO), between 2000 and 2050, the proportion of the world's population that is aged 60 years will double from 11% to 22%. This aging population is the main end-user of knee-hip implants, bariatric surgeries, gastrointestinal endoscopy, and colonoscopy procedures. 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.
The report provides an extensive competitive landscaping of companies operating in this market. The key players of the market covered in the report are Stryker Corporation, Ethicon Endo-Surgery, Inc., Olympus Corporation, and Covidien Plc, 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.
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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 North America tracked till sub-segment levels
- Number of abdominal, gastro intestinal, gynecology, large and small intestinal procedures performed by endoscopy in North America
Pricing Trends
- Cost analysis of capsule endoscopes in North America
- Procedural investments in North America 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
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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 |