LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global capsule endoscopes market 2017-2021 to grow at a CAGR of close to 11% during the forecast period, according to their latest report.
The market study covers the present scenario and growth prospects of the global capsule endoscopes market for 2017-2021. Capsule endoscopy is a painless technique to evaluate gastrointestinal disorders. Capsule endoscopy is an eight-hour-long procedure, in which the patient swallows a small pill that has three components: a camera, a transmitter, a battery. This device captures images of the gastrointestinal tract and transfer them to a recording device, which can be downloaded on screen. The physician gives results after examining the images.
According to Barath Palada, a lead analyst at Technavio for medical imaging research, “Advances in technology, growing public awareness of the advantages of capsule endoscopes over conventional endoscopes, and their increased use in the first-line diagnosis of small bowel disorders are factors which will propel market growth.”
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Technavio analysts highlight the following three market drivers that are contributing to the growth of the global capsule endoscopes market:
Presence of large patient pool with gastrointestinal disorders
Increasing popularity of non-invasive techniques
Focus on emerging economies
Presence of large patient pool with gastrointestinal disorders
The presence of a large patient pool with gastrointestinal disorders is expected to drive the market growth. The growing incidence of gastrointestinal disorders such as colorectal, esophageal, or pancreatic cancers; biliary disease; inflammatory bowel disease; and gastroesophageal reflux disease is expected to propel the market growth. The changes in lifestyle such as an increasingly unhealthy diets and physical inactivity are leading to health issues such as raised levels of blood pressure, blood glucose, lipids, and obesity.
“The increased prevalence of gastrointestinal diseases among the population has boosted the frequency of diagnostic screening procedures, which augurs well for the growth of the market,” says Barath.
