The global capsule endoscope market is estimated to grow at a rapid rate over the next few years, according to a new report by Technavio.
Here are four key trends:
1. The market is expected to grow at a compound annual growth rate of 11 percent from 2015 to 2019.
2. The increasing elderly population is one of the major drivers expected to propel market growth.
3. However, major market challenges include alternative endoscopy procedures.
4. Key vendors in the market include Chongqing Jinshan Science & Technology Group, IntroMedic, Medtronic and Olympus.