Capsule Endoscopy Market Key Region, Opportunities and Manufacturing Base Forecasts To 2022
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conditions such as obscure GI tract bleeding, inflammatory bowel disease, small bowel neoplastic lesions <strong>and</strong><br />
Crohn’s disease. On the other h<strong>and</strong>, colon capsule segment is anticipated to exhibit strong development over<br />
the forecast period. According to CDC, each year 608,000 fatalities are caused by colorectal cancer. Every year<br />
more than 14.5 million colonoscopies are performed. Moreover, rising dem<strong>and</strong> for less invasive diagnosis<br />
platform is a key factor assuring the aforementioned conclusion.<br />
Accessories Insights<br />
In 2016, wireless capsule held the leading position amongst the various application segments. The exp<strong>and</strong>ing<br />
utilization rate of wireless capsules in the colon, esophagus <strong>and</strong> small intestine <strong>and</strong> the presence of conducive<br />
reimbursement policies are some major drivers for this segment. Technologically enhanced capsules with inbuilt<br />
components, such as 360-degree panoramic view, easy transmission, enhanced data storage capability, larger<br />
frame rate <strong>and</strong> greater battery life are further providing this segment with lucrative growth opportunities.<br />
Browse Full Research Report @<br />
https://www.millioninsights.com/industry-reports/capsule-endoscopy-market<br />
Application Insights<br />
Leading application segments in 2016 was oscure gastrointestinal bleeding (OGIB). As per the research study of<br />
the U.S. National Library of Medicine, CE was found to be more effective as compared to barium X-rays used for<br />
examination of OGIB. This technique is utilized for diagnosis of occult bleeding in the duodenum <strong>and</strong> also for<br />
the diagnosis of small bowel tumors <strong>and</strong> Crohn’s disease. Furthermore, additional advantages such as faster <strong>and</strong><br />
easier diagnosis <strong>and</strong> real-time visualization of the whole small intestine, patients <strong>and</strong> healthcare professionals,<br />
are moving their inclination from conventional methods (i.e. double balloon enteroscopy) to CE. This fact is<br />
projected to establish healthy platform for the development of this segment over the forecast period. Crohn’s<br />
disease application market is expected to experience significant growth because of increasing prevalence this<br />
disease together with adoption of CE technique as preferred diagnosis method.<br />
<strong>Region</strong>al Insights<br />
The largest regional market in 2016 was North America. Rising incidence of colorectal cancer & GI disorders<br />
combined with enhanced healthcare infrastructure, presence of conducive reimbursement policies <strong>and</strong> growing<br />
adoption of invasive capsule endoscopy are a few components estimated to drive regional market growth. Asia-<br />
Pacific market is considered to grow at a highest growth rate due to rising patient awareness levels, disposable<br />
income, advancing healthcare infrastructure <strong>and</strong> huge presence of untapped opportunities pertaining to cancer<br />
screening.