Market Research Future (MRFR) analysed the Global Capsule Endoscopy Market 2024 through the analysis period till 2032. As per MRFR assessment, the capsule endoscopy market is expected to rise at 8.4% CAGR in the review period. BY 2032, the capsule endoscopy market size is anticipated to touch USD 1.6 Bn, driven by advancements in medical imaging technology and a growing preference for minimally invasive diagnostic procedures. Capsule endoscopy involves the use of small, swallowable capsules equipped with cameras to capture images of the gastrointestinal (GI) tract, providing a non-invasive alternative to traditional endoscopic procedures.
Key factors fueling market expansion include an increasing incidence of gastrointestinal disorders, such as Crohn's disease, celiac disease, and obscure gastrointestinal bleeding. Patients and healthcare providers are increasingly opting for capsule endoscopy due to its patient-friendly nature and the ability to visualize areas of the GI tract that are challenging to reach with conventional endoscopy.
The market is characterized by a surge in research and development activities aimed at enhancing capsule endoscopy technology, including improvements in image resolution, battery life, and data transmission capabilities. North America and Europe currently dominate the market, driven by well-established healthcare infrastructure and a high prevalence of gastrointestinal diseases. However, the Asia-Pacific region is witnessing rapid growth, attributed to increasing healthcare awareness, rising disposable income, and a growing geriatric population.
Competitive Analysis
Competitor portfolio for the capsule endoscopy market is illustrated in the report. Modern research approach was made for an in-depth understanding of the cosmetic surgery market. Some of the leading Capsule Endoscopy Market Players are
Chongqing Jinshan Science & Technology
Olympus Corporation
Medtronic PLC
CapsoVision Inc.
IntroMedic
Fujifilm Holding AccuRead Endoscopy Inc
and Corporation
RF Co.Ltd
Market Segmentation
The segment assessment of the market for capsule endoscopy procedure is done by endoscope type, component, application, product, and end user.
The component-based segments of the capsule endoscopy market are capsule endoscopy data recorder, capsule endoscope, and capsule endoscopy workstations.
The endoscope type-based segments of the capsule endoscopy market are capsule neuro-endoscopes and capsule cystoscopies.
The product-based segments of the capsule endoscopy market are esophageal capsule, small bowel capsule, and colon capsule.
The application-based segments of the capsule endoscopy market are Crohn’s disease, obscure gastrointestinal bleeding (OGIB), and small intestine tumor.
The end user-based segments of the capsule endoscopy market are clinics, and hospitals among others. The hospital segment of the capsule endoscopy market is expected to value at above USD 1.29 Bn by 2030.
Regional Analysis
The Americas capsule endoscopy market can rise at high pace in the forecast period. The presence of a large patient base afflicted with intestinal diseases, developed healthcare expenditure, well-developed technology, and support for research and development by regional government can promote the regional market in the years to come.
The regional capsule endoscopy market in the EU may benefit from the quick development of novel medications and biosimilars for the treatment of GIT diseases. As cases of ulcerative colitis and Crohn's disease are seen to be increasing, the Europe capsule endoscopy market may be able to acquire the second-largest share of the global market over the study period. In APAC, mergers and acquisitions between reputable businesses can help the region's market expand. The market for capsule endoscopy can grow steadily in MEA.
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