Medtronic and Olympus Corporation – Notable Market Participants of Capsule Endoscopy Market
The capsule endoscopy market is highly competitive, with a considerable number of players operating in the market. Most of the companies operating in the capsule endoscopy market are present across the globe and have wide distribution and sales networks through partnerships or authorized dealers.
The most notable market participants in the Capsule Endoscopy market include Olympus Corporation, Medtronic, IntroMedic and CapsoVision among others. These players hold a considerable share in the capsule endoscopy market owing to their product offerings.
The companies operating in the market have undertaken various growth strategies to strengthen their position in the market. Some of the commonly witnessed developments in the market were mainly organic, such as product launch. Product launch helps to increase the market share of a company quickly and also reduces the barriers a company might face while venturing into a new market. Apart from this, partnerships have also been witnessed in the market. Various players in the market have preferred to partnered with other players as it is less expensive, less risky, and faster compared to other inorganic growth methods such as sales and marketing efforts. Some of the organic developments witnessed in the capsule endoscopy market during previous years include:
|
Year |
News |
Region |
|
2019 |
Check Cap announced the positive results of the company’s pilot study of the C-Scan System in the U.S. According to the company estimates, the product is projected to reach U.S. pivotal study in late 2020. |
North America |
|
2017 |
CapsoVision announced US launch of CapsoCloud, an intelligent cloud technology based software which will help physicians to extract and analyse the data captured by capsule endoscope. |
North America |
