Credence Research has recently published a market research study that includes elaborative analysis which was result of an extensive research methodology for Capsule Endoscopes Diagnostics market with estimations from 2018 to 2026. The highlights of this report are drivers, restraints and opportunities of Capsule Endoscopes Diagnostics market, offered across the recent and estimated timeline till 2026.
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Major report takeaways are competitive landscape assessment, attractive investment proposition, and brief profiles of companies operating in Capsule Endoscopes Diagnostics market which will give 3600 view for the market dynamics. Companies are profiled on the basis of vital data points such as business overview, financial synopsis, product/service portfolio, and news coverage accompanied with recent updates specific to Capsule Endoscopes Diagnostics market. The cross-sectional geographical analysis covers regions such as North America (U.S & Canada), Europe (U.K., Germany & Rest of Europe), Asia Pacific (China, Japan, & Rest of Asia Pacific), Latin America (Brazil, Mexico, Rest of Latin America), and Middle East & Africa (GCC & Rest of Middle East & Africa).
Key research study highlights comprise:
- Exhaustive research and analysis of the global Capsule Endoscopes Diagnostics industry
- The key market segments along have been explained in the report thoroughly along with their existing and estimated market size
- Major elements of market dynamics such as drivers, challenges and opportunities and their effect on Capsule Endoscopes Diagnostics market is also covered in the report
- Key players operating in the market are profiled and accompanied with the competitive landscape evaluated on the basis of product offering & business strength
- Cross sectional analysis of each region covering individual segments for the forecast period 2016 – 2018 in terms of value (US$Mn)
Research methodology applied for this study:
Methodology of this research study includes primary and secondary research for defining the market size, shares and forecast for global Capsule Endoscopes Diagnostics market specific to key segments, and regional segmentation.
- Secondary Research
Secondary research was initiated with data collected through sources such as press releases, company annual reports, and relevant documents focusing on the current developments in the global Capsule Endoscopes Diagnostics market. Authentic sources such as university research papers, scientific journals, and government websites were similarly screened for identifying business opportunities in several geographical markets and penetration of various products/services in these geographies. Paid databases were excavated to assemble information beneficial for broad commercial study of the key players operating in Capsule Endoscopes Diagnostics market. In case lack of data availability on the public domain, we used estimation models to arrive at comprehensive data sets. Secondary research helped to create a firm base to build market size, analyze trends, and understand the dynamics of Capsule Endoscopes Diagnostics market study.
- Primary Research
The exhaustive secondary research practiced was supported & validated by extensive primary research. Primary research was carried out with the help of e-mail interactions, telephonic interviews, as well as face-to-face interviews with the leading industry stakeholders.
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The participants tracked for primary interviews include:
- Marketing/product managers
- Vice President/ CEOs
- National sales managers
- Market intelligence managers
- Purchasing managers
- Other stakeholders
Geographically, the global capsule endoscopes diagnostics market is cumulative to Europe, Asia Pacific, North America, Middle East and Africa and Middle East & Africa, and Latin America.
In 2016, North America & Europe have accounted for the major share in global capsule endoscopes diagnostics market, tailed by Asia Pacific, due to main driving reasons such as rising prevalence of gastrointestinal diseases and supportive reimbursement policies. According to the estimates of the American Cancer Society, about 50,260 deaths are predicted to be caused in 2017 by colorectal cancer, which is the third leading cause of death in the United States. Capsule endoscopes diagnosis is fully secure and non-invasive, serving the growing demand for non-invasive diagnosis procedures is expected to increase in the near future. During forecast period 2017 – 2025, Asia Pacific is estimated to be the fastest growing region due to key driving factors such as rising prevalence of GI disease in developing countries, increasing awareness associated with early GI disease diagnosis, developing healthcare infrastructure, and mounting demand for the non-invasive procedure.
The detailed regional classification of the global diabetes drugs market is as follows:
- North America (Canada & United States)
- Asia Pacific (India, China, Japan, and Rest of Asia Pacific)
- Europe (France, Italy, Germany, U.K., Spain, and Rest of Europe)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East and Africa (GCC and Rest of Middle East and Africa)
For the purpose of this study, global capsule endoscopes diagnostics market is studied for their application in following areas:
- Polyps Detection
- Crohn’s Disease Diagnosis
- Ulcers Monitoring
- Celiac Detection
- Tumors of small intestine
- Occult Gastrointestinal bleeding
- Diverticulosis Detection
At present, gastrointestinal diseases are a source of considerable mortality, cost, and morbidity in the United States. According to the National Institute of Diabetes and Digestive and Kidney Disease (NIDDK) statics, 60-70 million people in U.S. are affected by gastrointestinal disease annually. Data from 2004, an estimated 72 million ambulatory center visits, 4.6 million hospitalizations, and 236,000 deaths occurred from gastrointestinal diseases. Capsule endoscopes diagnostics market is strongly supported by technological advancement. Growing life expectancy is also one of the main factors which helps in boosting the capsule endoscopes diagnostics market.
Since its discovery in the year 2000, capsule endoscopes are replacements to ancient endoscopes, with the benefit of non-invasive method to examine the gastrointestinal tract. Increase in the prevalence of diseases related to gastrointestinal tract/digestive system and growth in demand for non-invasive procedures is boosting the growth of capsule endoscopes diagnostics market. Growing healthcare sector and technological advancement are the other drivers for this market.
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