DUBLIN, June 09, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/5wkvbc/global_capsule) has announced the addition of the "Global Capsule Endoscopes Market 2015-2019" report to their offering.
The analysts forecast the global capsule endoscopes market to grow at a CAGR of 10.67% over the period 2014-2019.
This report covers the present scenario and the growth prospects of the global capsule endoscopes market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the number of capsule endoscope devices sold for the treatment of gastrointestinal diseases and diseases.
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.
Further, the capsule endoscope market is categorized based on the type of procedures as follows:
- Small bowel procedure
- Esophageal procedure
- Colon procedure
- Chongqing Jinshan Science & Technology
Other Prominent Vendor
- Cook Medical
- Fuji Medical Systems
- Philips Healthcare
For more information visit http://www.researchandmarkets.com/research/5wkvbc/global_capsule
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SOURCE Research and Markets