Global Capsule Endoscopy System Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Component;

Capsule Endoscope, and Work stations & recorders.

By Disease Type;

Small Intestine Disorder, Esophageal disorder, and Colonic disorder.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn798917675 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Capsule Endoscopy System Market (USD Million), 2020 - 2030

In the year 2023, the Global Capsule Endoscopy System Market was valued at USD 887.24 million. The size of this market is expected to increase to USD 2,026.54 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 12.5%.

The global capsule endoscopy system market is experiencing a transformative surge, driven by advancements in medical technology and an increasing prevalence of gastrointestinal disorders worldwide. Capsule endoscopy offers a minimally invasive approach to diagnosing conditions of the digestive tract, enabling healthcare professionals to visualize the small intestine without the need for traditional endoscopic procedures. This non-invasive nature of capsule endoscopy not only enhances patient comfort but also facilitates more accurate diagnoses, leading to improved patient outcomes.

Technological innovations have propelled the evolution of capsule endoscopy systems, resulting in more sophisticated and efficient devices. The integration of high-resolution cameras, wireless communication capabilities, and advanced imaging techniques has significantly enhanced the diagnostic accuracy and efficiency of these systems. Moreover, the miniaturization of components has made capsule endoscopy more accessible and convenient, allowing for broader adoption across healthcare settings.

The global market for capsule endoscopy systems is characterized by a competitive landscape, with key players continually striving to innovate and differentiate their offerings. With the rising demand for minimally invasive diagnostic procedures and the growing awareness about the benefits of capsule endoscopy, the market is poised for significant expansion in the coming years. However, challenges such as regulatory hurdles and reimbursement issues may influence market dynamics. Nonetheless, ongoing research and development initiatives aimed at further improving capsule endoscopy technology are expected to drive sustained growth in this vital healthcare sector.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Component
    2. Market Snapshot, By Disease Type
    3. Market Snapshot, By Region
  4. Global Capsule Endoscopy System Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Prevalence of Gastrointestinal Disorders
        2. Growing Aging Population
        3. Favorable Reimbursement Policies
      2. Restraints
        1. High Cost of Capsule Endoscopy Systems
        2. Limited Coverage in Remote Areas
        3. Lack of Skilled Healthcare Professionals
      3. Opportunities
        1. Integration with Telemedicine Platforms
        2. Development of Wireless Capsule Endoscopy
        3. Collaborations for Research and Development
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Capsule Endoscopy System Market, By Component, 2020 - 2030 (USD Million)
      1. Capsule Endoscope
      2. Work stations & recorders
    2. Global Capsule Endoscopy System Market, By Disease Type, 2020 - 2030 (USD Million)
      1. Small Intestine Disorder
      2. Esophageal disorder
      3. Colonic disorder
    3. Global Capsule Endoscopy System Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Given Imaging Inc.
      2. Olympus Corporation
      3. CapsoVision Inc.
      4. Chongqing Jinshan Science & Technology Group Co., Ltd
      5. IntroMedic Co., Ltd.
      6. Check-Cap Ltd.
      7. Fuji Medical Systems
      8. Pentax Medical (Hoya Corporation)
  7. Analyst Views
  8. Future Outlook of the Market