Global Capsule Endoscopy System Market was valued at USD 0.1 Billion in 2022 and is projected to reach USD 0.2 Billion by 2030, growing at a CAGR of 8.6% from 2024 to 2030.
The Capsule Endoscopy System Market has experienced significant growth over recent years, driven by advancements in medical technology and an increased focus on minimally invasive diagnostic methods. Capsule endoscopy is a groundbreaking procedure that allows healthcare professionals to examine the gastrointestinal (GI) tract without the need for traditional endoscopy methods, which can be uncomfortable and invasive for patients. This non-invasive approach uses a tiny, pill-sized camera that captures images as it moves through the digestive system, providing detailed images of the small intestine, esophagus, and stomach.
As healthcare professionals and patients alike seek less invasive options for diagnostic procedures, the capsule endoscopy market is expected to continue expanding. According to recent market research, the global capsule endoscopy market was valued at approximately USD 500 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of over 10% during the forecast period. This surge in market demand can be attributed to the rising prevalence of gastrointestinal disorders, such as Crohn’s disease, celiac disease, and gastrointestinal bleeding, all of which require precise diagnosis.
One of the main drivers behind this market’s growth is the increasing demand for advanced medical technology that offers quick, reliable, and non-invasive diagnostics. In addition, the increasing aging population worldwide, who are more prone to digestive disorders, contributes to the demand for capsule endoscopy systems. Moreover, technological advancements in capsule design, such as improved wireless communication and enhanced image quality, have made these devices more efficient and user-friendly.
The major players in the capsule endoscopy market, including Medtronic and Philips, continue to innovate, ensuring that these devices become more compact, affordable, and easier for healthcare providers to use. As healthcare systems worldwide move toward more cost-effective diagnostic procedures, the role of capsule endoscopy will likely become even more prominent in clinical practice.
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Given Imaging Ltd.
Olympus Corporation
IntroMedic Co. Ltd.
CapsoVision Inc
Chongqing Jinshan Science & Technolgy (Group) Co. Ltd
IntroMedic Co.
Ltd.
Given Imaging Ltd.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Capsule Endoscopy System Market
Small Bowel Diseases
Esophageal Diseases
Colonic Diseases
Based on Types the Market is categorized into Below types that held the largest Capsule Endoscopy System market share In 2023.
Capsule Endoscope
Workstations and Recorders
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Capsule Endoscopy System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Capsule Endoscopy System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Capsule Endoscopy System Market, By Type
6. Global Capsule Endoscopy System Market, By Application
7. Global Capsule Endoscopy System Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Capsule Endoscopy System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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