Capsule Endoscopy Market Poised for Robust Growth, forecasted to Expand at 10.42% CAGR from 2022-27

MarkNtel Advisors has released its latest report highlighting strong growth in The Global Capsule Endoscopy Market is projected to grow at a CAGR of around 10.42% during the forecast period, i.e., 2022-27. 

Report Coverage

This report offers a comprehensive analysis of the Capsule Endoscopy Market, providing valuable insights across historical trends, current dynamics, and future forecasts.

• Base Year: 2021
• Forecast Years: 2022-27
• Historical Years: 2017-20

Capsule Endoscopy Market Overview

The Global Capsule Endoscopy market is expected to witness significant growth during the forecasted period on account of growing healthcare technologies in emerging countries & increasing awareness of the patients regarding minimally invasive technologies. In addition, the precise & accurate early diagnosis of cancer patients would further help the individuals to cater to the diseases on a mass level, eventually impacting the positive growth of capsule endoscopy in the coming years.

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Capsule Endoscopy Market Segmentation Outlook

The Capsule Endoscopy is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Capsule Type

• Small Bowel Capsule
• Colon Capsule
• Oesophageal Capsule

By Component

• Software
• Hardware
  • Ingestible Capsule
  • Sensor Belt
  • Sensor Array
  • Data Recorder

By Application

• Obscure GI bleeding (OGIB)
• Oesophageal Disease
• Iron Deficiency Anaemia
• Inflammatory Bowel Diseases
• Celiac Disease
• Crohn’s Disease
• Small bowel tumour and hereditary polyposis syndromes
• Others (Small bowel transplant, Henoch-Schonlein purpura etc.)

By End User

• Hospitals
• Diagnostic centres
• Ambulatory surgery centres
• Others (Clinics, Home care settings, etc.)

By Region

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

Capsule Endoscopy Market Driver

Rising Demand for Minimally Invasive Diagnostic Procedure to Drive the Market- The rising adoption of minimally invasive diagnostic procedures has propelled the utilization of capsule endoscopic systems & wireless capsules during the historical years. The growing burden of chronic ailments such as a small intestine tumor, formation of polyps in the bowel, Obscure gastrointestinal diseases, and Crohn’s disorder was the prominent reason for the growth of the Capsule Endoscopy market across various geographies. In addition, these minimally invasive diagnostic procedures provide more accurate & precise results as compared to conventional techniques, which supports their greater adoption among healthcare professionals.

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Top Capsule Endoscopy Market Brands & Their Strategic Market Positioning

MarkNtel Advisors Research identifies Olympus Corporation, Medtronic Plc, CapsoVision Inc, IntroMedic Co., Ltd, Jinshan Group, Check-Cap Ltd., RF System Lab, AnX Robotica Others as key players shaping the market landscape.

Capsule Endoscopy Market News

• In 2021, the US Food and Drug Administration announced the grant clearance for the Medtronic’s PillCam Small Bowel 3 systems for the remote endoscopy procedures.   

• In 2018, IntroMedic medtech company signed a deal with Statis Medical to distribute its MicroCam video capsule endoscopy system in the US.

Key Questions Answered in the Report

• What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
• How the industry has been evolving, and which segments would dominate the market during the forecast period?
• What are the key opportunity areas that companies foresee in the coming years 2027?
• Who are the key players in the market, and what are their competitive strengths?
• What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?

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