The global capsule endoscopy market is expected to see rapid growth over the next five years, according to a report by Allied Market Research.
Here are five trends:
1. The global capsule endoscopy market was $178.8 million in 2014.
2. It is expected to grow at a compound annual growth rate of 14.8 percent from 2015 to 2020.
3. Given Imaging was the first company to develop the capsule endoscopy platform, which was introduced in 2001.
4. The capsule endoscopy system has grown as an effective management and diagnosis technique for gastrointestinal diseases such as Crohn's disease and colorectal cancer.
5. Key players in the market include Given Imaging, Olympus, IntroMedic and CapsoVision.