Capsule Endoscopy Market Size Worth $ 1.17 Billion By 2032, Growing at 9.80% CAGR

The global Capsule Endoscopy market is expected to grow at a growth rate of 9.80% to reach USD 1,166.8 Million by 2032.

Capsule endoscopy is a minimally invasive technique used to examine the inside of the digestive tract, particularly the small intestine. The patient swallows a small capsule containing a camera, light source, and transmitter. As the capsule moves through the digestive system, it captures images and sends them to an external device worn by the patient. This technique is vital for diagnosing conditions such as colorectal cancer, Crohn's disease, celiac disease, and gastrointestinal bleeding.

The growing prevalence of colorectal cancer and gastrointestinal disorders is a key driver of the market's growth. Additionally, increasing awareness among the public about the availability of non-invasive and pain-free visualization methods has further contributed to the market's expansion. Capsule endoscopes for the esophagus, small intestine, and colon are extensively used in healthcare settings for accurate diagnosis and improved patient care. The rise in the aging population, which is more susceptible to conditions like inflammatory bowel disease, appendicitis, and obscure gastrointestinal bleeding (OGIB), is also fueling market growth.

KEY BENEFITS OF THE REPORT:

• Insights into strategies adopted by key players to maintain competitiveness.
• Comprehensive analysis of the leading companies shaping the competitive landscape.
• Examination of the key drivers fuelling global market growth.
• Identification of the geographic regions expected to experience the highest growth.
• Detailed evaluation of the current market conditions and future growth projections.

The market for endoscopic systems and capsule-based endoscopes is highly competitive due to the rising demand for these devices in various screening and diagnostic procedures. The competition is further heightened by continuous technological advancements from leading companies in the endoscopy field. To strengthen their market positions, key players such as MEDTRONIC PLC, Shangxian Minimal Invasive Inc., IntroMedic Co., Fujifilm Holding Corporation, Olympus Corporation, and others are focusing on strategies like increased research and development in capsule-based endoscopic technologies, forming strategic alliances, mergers and acquisitions, product innovations, and collaborations. For example, in August 2022, Medtronic launched GI Genius, a colorectal cancer endoscopic module in India. This device, which uses artificial intelligence (AI) and enhanced visualization during colonoscopy, provides real-time data to help physicians detect and treat colorectal cancer more effectively.

The scope of this report covers the market by its major segments, which include as follows:

Market Segmentation

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL CAPSULE ENDOSCOPY MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Ø MEDTRONIC PLC.
Ø Shangxian Minimal Invassive Inc.
Ø IntroMedic Co.
Ø Fujifilm Holding Corporation
Ø Olympus Corporation
Ø RF Systems Lab
Ø Chongqing Jinshan Science and Technology Group Co.
Ø Anx Robotica
Ø CapsoVision Inc.
Ø Check-Cap
Ø Given Imaging (Medtronic Plc)
Ø Others

GLOBAL CAPSULE ENDOSCOPY MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032
Ø Small Intestine Tumor
Ø OGIB (Obscure GI Tract Bleeding)
Ø Crohn's Disease
Ø Others

GLOBAL CAPSULE ENDOSCOPY MARKET, BY PRODUCT- MARKET ANALYSIS, 2019 - 2032
Ø Systems
Ø Wireless Capsule

GLOBAL CAPSULE ENDOSCOPY MARKET, BY END USE- MARKET ANALYSIS, 2019 - 2032
Ø Hospitals
Ø Clinics
Ø Ambulatory Surgery Centers
Ø Others

GLOBAL CAPSULE ENDOSCOPY MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
Ø North America
o U.S.
o Canada
Ø Europe
o Germany
o UK
o France
o Italy
o Spain
o The Netherlands
o Sweden
o Russia
o Poland
o Rest of Europe
Ø Asia Pacific
o China
o India
o Japan
o South Korea
o Australia
o Indonesia
o Thailand
o Philippines
o Rest of APAC
Ø Latin America
o Brazil
o Mexico
o Argentina
o Colombia
o Rest of LATAM
Ø The Middle East and Africa
o Saudi Arabia
o UAE
o Israel
o Turkey
o Algeria
o Egypt
o Rest of MEA