Capsule Endoscopy Market Overview: Trends, Scope & Key Insights
According to FutureWise analysis the market for capsule endoscopy in 2023 was US$ 0.27 billion, and is expected to reach US$ 0.93 billion by 2031 at a CAGR of 16.70%.
The process of capturing digestive tract pictures using a tiny wireless camera is known as capsule endoscopy. A minuscule capsule carrying the endoscopy camera is swallowed which then travels through the digestive tract. On the other hand, the camera takes a lot of pictures which are then transmitted to a recorder that is mounted on a waist belt. This method enables the doctors to have a look at the smaller intestine without any surgical procedures and this method is also more efficient than the conventional endoscopy method which uses wire. Capsule endoscopy is now approved for colon screening looking for polyps. Technological advancements are helping regularize the capsule endoscopy for colon screening.
The increasing importance of minimal invasive in primary diagnosis among the primary healthcare systems led to robust growth of the market. It has created a huge opportunity for manufactures and led to the inclusion of capsule endoscopy in national and international guidelines. It is a major technological innovation in recent times due to the high demand of primary diagnosis and management of bowel disorders. It is further supported by a vast quantity of research activities by manufacturers. Along with this, the rapid advancement of technologies led to a paradigm shift in the progression of broadening indications in clinical application. It is an invaluable asset for clinical practice and outperforms other investigational modalities. Additionally, increasing prevalence of gastric disorder increased the traction during the forecast period.
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Capsule Endoscopy Market Segmentation:
By Component
- Capsule Endoscope
- Capsule Endoscopy Data Recorder
- Capsule Endoscopy Workstation
By Endoscope Type
- Capsule Cystoscopies
- Capsule Neuro-Endoscopes
By Product
- Small Bowel Capsule
- Esophageal Capsule
- Colon Capsule
By Application
- Obscure Gastrointestinal Bleeding (OGIB)
- Crohn’s Disease
- Small Intestine Tumor
By End User
- Hospitals
- Clinics
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Competitive Landscape in the Capsule Endoscopy Market:
- Olympus Corporation
- RF Co. Ltd.
- IntroMedic Co., Ltd.
- AccuRead Endoscopy Inc.
- Boston Scientific Corporation
- Medtronic Plc
- CapsoVision, Inc.
- Northside Gastroenterology Endoscopy Center, LLC
- Chongqing Jinshan Science and Technology Co.
- Interscope Inc.
- Given Imaging Ltd.
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**Objectives of this Study: **
- To provide a comprehensive analysis of the Capsule Endoscopy Market By Component, By Endoscope Type, By Product, By Application, By End User and By Region.
- To offer detailed insights into factors such as drivers, restraints, trends, and opportunities, as well as segmental and regional influences on market growth.
- To evaluate current market trends and forecast micro-markets, presenting overall market projections in the form of data sets and PowerPoint presentations.
- To predict the market size in key regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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