Capsule Endoscopy Market Report, Size, Trends, Growth Factors and Forecast 2024-2032

The latest report by IMARC Group, titled “Capsule Endoscopy Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the capsule endoscopy market report. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.

The global capsule endoscopy market size reached US$ 485.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 938.4 Million by 2032, exhibiting a growth rate (CAGR) of 7.4% during 2024-2032.

Capsule Endoscopy Market Trends:

The global market is primarily driven the rising prevalence of gastrointestinal disorders, such as Crohn’s disease and colorectal cancer. Moreover, the increasing adoption of minimally invasive diagnostic techniques is leading to a growing preference for capsule endoscopy over traditional procedures. Furthermore, technological advancements in capsule endoscopy, such as improved image quality and battery life, are enhancing its effectiveness and diagnostic accuracy.

Additionally, the ageing global population is contributing to a higher incidence of gastrointestinal diseases, further fueling market growth. Besides, the increasing healthcare expenditure in developing regions is enabling wider access to advanced diagnostic technologies. Moreover, growing awareness among healthcare providers and patients about the benefits of early diagnosis is stimulating demand. Furthermore, supportive government initiatives and reimbursement policies are making capsule endoscopy more accessible in various regions. Besides, the expanding applications of capsule endoscopy in detecting small bowel diseases are further bolstering its market demand.    

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Capsule Endoscopy Market Scope and Growth Analysis:

The scope of the market is expanding due to the growing adoption of this technology for the diagnosis of small bowel disorders, such as obscure gastrointestinal bleeding. Additionally, capsule endoscopy’s non-invasive nature is expanding its use in outpatient settings, allowing for broader market penetration. The increasing collaboration between manufacturers and healthcare institutions to develop more efficient capsules with enhanced features is another factor contributing to market growth.

Moreover, the rise in clinical trials exploring capsule endoscopy for newer applications, such as diagnosing esophageal and gastric diseases, is expanding its market potential. Furthermore, the integration of artificial intelligence in capsule endoscopy for automated image analysis is enhancing diagnostic accuracy, making the technology more attractive to healthcare providers. Besides, the introduction of next-generation capsule endoscopy devices with real-time monitoring capabilities is expected to further broaden its market scope.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Boston Scientific Corporation

CapsoVision Inc.

Check Cap Ltd

Fujifilm Holdings Corporation

IntroMedic Co. Ltd

Jinshan Science & Technology (Group) Co. Ltd.

Medtronic plc

Olympus Corporation

RF Co. Ltd.

Shangxian Minimal Invasive Inc

Capsule Endoscopy Market Segmentation:

Our report has categorized the market based on region, product, accessory and application.

Breakup by Product:

Small Bowel

Esophageal

Colon

 Breakup by Accessory:

Wireless Capsule

Workstation and Recorder

Breakup by Application:

OGIB

Crohn’s

Small Intestine Tumors

Breakup by Region:

North America (United States, Canada)

Europe (Germany, France, United Kingdom, Italy, Spain, Others)

Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)

Latin America (Brazil, Mexico, Others)

Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

Market Performance (2018-2023)

Market Outlook (2024-2032)

Porter’s Five Forces Analysis

Market Drivers and Success Factors

SWOT Analysis

Value Chain

Comprehensive Mapping of the Competitive Landscape

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IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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