Global Capsule Endoscopy Market is expected to reach USD 886.3 million by 2022; according to a new study by Grand View Research, Inc. Increasing prevalence of colorectal cancer, GI diseases and growing demand for precise and accurate diagnostic tools are expected to drive the capsule endoscopy market over the forecast period. According to a report published by the World Cancer Research Institute, about 54.0% of colorectal cancer cases occurred in developed countries and the number is expected to grow exponentially over the decade. The introduction of technologically advanced features such as WiFi enabled small bowel capsules featuring longer battery life are further expected to drive the demand for capsule endoscopy devices. Presence of favorable government initiatives are expected to play an imperative role in determining market trends over the forecast period. For instance, initiatives such as the DCPC’s National Comprehensive Cancer Control Program (NCCCP) in the U.S. aimed at increasing patient awareness levels pertaining to colorectal cancer screening is expected to boost usage rates during the forecast period.
Global capsule endoscopy market, by product, 2012 – 2022 (USD Million)
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Further key findings from the study suggest:
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Grand View Research has segmented the global capsule endoscopy market on the basis of accessory, product, application and region:
Global Capsule Endoscopy Accessories Outlook (Revenue, USD Million, 2012 – 2022)
Global Capsule Endoscopy Product Outlook (Revenue, USD Million, 2012 – 2022)
Global Capsule Endoscopy Application Outlook (Revenue, USD Million, 2012 – 2022)
Capsule Endoscopy Regional Outlook (Revenue, USD Million, 2014 – 2022)
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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