Our analyst researched the following companies as the key players in the global capsule endoscopes market: Chongqing Jinshan Science & Technology Group Co. Ltd., IntroMedic Co. Ltd., Medtronic plc and Olympus Corp.
Other Prominent Vendors in the market are: Check-Cap, Cook Medical, Fuji Medical Systems, Pentax, Philips Healthcare, RF, Siemens and SynMed
Commenting on the report, an our analyst said: “Increased Usage of Capsule Endoscopy is one of the key trends upcoming in this market. Capsule endoscopy is currently the best available option and is now used by many physicians worldwide. The procedure is superior to barium X-ray testing and other traditional processes. Technological advancements in capsule endoscopy are expected to propel the market toward the understanding of obscure gastrointestinal bleeding and detection of gastrointestinal and other related diseases.”
According to the report, the increasing elderly population is the major driver of the growth of the market. The elderly are susceptible to gastrointestinal disorders. Hence, the growing elderly population has led to increased use of capsule endoscopy for disease diagnosis. For this reason, various hybrid imaging technologies are being introduced to increase the image quality of the procedure.
Further, the report states that the presence of alternative conventional endoscopy procedures poses a serious challenge to the market growth. Many patients still prefer these procedures over capsule endoscopy.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.