Global Capsule Endoscopy Market: By Accessories: Wireless Capsule, Workstation and Receiver; By Product Type: Small Bowel, Oesophageal, Colon; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Capsule Endoscopy Market Outlook

The global capsule endoscopy market attained a value of about USD 747.1 million in 2020. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 8.7% to reach nearly USD 1232 million by 2026.

 

Global Capsule Endoscopy Market

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Ongoing Improvements in the Healthcare Sector to Boost the Market Growth of Capsule Endoscopy

The market is being aided by the rapidly growing geriatric population, especially in the developed regions. The high prevalence of various health-related issues among the geriatric population is increasing the demand for colorectal cancer diagnosis and treatment, leading to a rising demand for capsule endoscopy. Moreover, with the onset of the COVID-19 pandemic, governments of both developed and developing countries are focusing more on developing the healthcare infrastructure by increasing investments within the healthcare and pharmaceutical sectors. This is further propelling the market growth.

 

North America to be a Significant Regional Market for Capsule Endoscopy

North America holds a significant share within the capsule endoscopy industry owing to the rising cases of cancer in the region . The United States  is one of the major markets  for endoscopic devices, which is aiding the growth of the capsule endoscopy industry. Further, colon cancer is projected to be the third leading cause of cancer deaths in the United States, as per the American Cancer Society. This is leading to a surge in capsule endoscopy procedures for the diagnosis of colon cancer, hence, augmenting the market growth. With the growing prevalence of digestive disorders caused due to the sedentary lifestyle and unhealthy eating habits across all ages, the number of gastrointestinal checkups is likely to increase, therefore further invigorating the industry growth in the region.

 

Capsule Endoscopy: Market Segmentation

Capsule endoscopy is a medical procedure that enables the physician to look into the internal images of the gastrointestinal tract. The procedure involves swallowing a capsule fitted with a tiny camera that captures thousands of pictures while travelling through the digestive tract and the small intestine. Capsule endoscopy has been widely used for the diagnosis and treatment of gastrointestinal cancer, chronic abdominal pain, Crohn’s disease, celiac disease, excessive bleeding, and ulcers, among others.

 

Global Capsule Endoscopy Market Segment

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Based on accessories, the market can be divided into:

  • Wireless Capsule
  • Workstation and Receiver

The major product types of capsule endoscopy are:

  • Small Bowel
  • Oesophageal 
  • Colon

On the basis of its application, the market can be divided into:

  • Obscure Gastrointestinal Bleeding (OGIB)
  • Crohn’s Disease
  • Small Intestine Tumour
  • Others

The EMR report looks into the regional markets of capsule endoscopy like North America, Europe, the Asia Pacific, Latin America and the Middle East and Africa.

 

Global Capsule Endoscopy Market Region

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Integration of Artificial Intelligence (AI) in Capsule Endoscopy to Augment the Market Growth

Artificial intelligence (AI) is expected to act as one of the main drivers for the success of capsule endoscopy. The integration of various technological advancements in capsule endoscopy to improve its reading experience, accuracy, and diagnostic capability is expected to further propel the market growth. The development of Wi-Fi-enabled capsules with longer battery life and better camera quality to increase diagnostic capabilities of capsule endoscopy is also projected to accelerate the industry growth. As the awareness regarding the benefits of painless and minimal invasive (MI) techniques of diagnosis that do not involve sedation is growing, the demand for capsule endoscopy is expected to surge. Furthermore, the increasing prevalence of gastrointestinal disorders and colorectal cancer globally are anticipated to provide a further impetus to the market growth. Several other factors, including the rising expenditure capacities and the improvement in the healthcare industry, are anticipated to strengthen the growth of the global endoscopy industry over the forecast period.

 

Key Industry Players in the Global Capsule Endoscopy Market

The report presents a detailed analysis of the following key players in the global capsule endoscopy market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Fujifilm Holdings Corporation
  • Jinshan Science and Technology (Group) Co. Ltd
  • Olympus Corporation
  • CapsoVision Inc.
  • IntroMedic Co. Ltd. 
  • Medtronic plc
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces Model.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Accessories, Product Type, Application, Region
Breakup by Accessories Wireless Capsule, Workstation and Receiver
Breakup by Product Type Small Bowel, Oesophageal, Colon
Breakup by Application Obscure Gastrointestinal Bleeding (OGIB), Crohn’s Disease, Small Intestine Tumour, Others (Celiac Disease, NSAID Reactions)
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Fujifilm Holdings Corporation, Jinshan Science and Technology (Group) Co. Ltd, Olympus Corporation, CapsoVision Inc., IntroMedic Co. Ltd, Medtronic plc, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Capsule Endoscopy Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Capsule Endoscopy Historical Market (2018-2022)
    8.3    Global Capsule Endoscopy Market Forecast (2023-2028)
    8.4    Global Capsule Endoscopy Market by Accessories
        8.4.1    Wireless Capsule
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Workstation and Receiver
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Capsule Endoscopy Market by Product Type
        8.5.1    Small Bowel
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Oesophageal
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Colon
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
    8.6    Global Capsule Endoscopy Market by Application
        8.6.1    Obscure Gastrointestinal Bleeding (OGIB)
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Crohn’s Disease
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Small Intestine Tumour
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Others (Celiac Disease, NSAID Reactions)    
    8.8    Global Capsule Endoscopy Market by Region
        8.8.1    North America
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2022) 
            8.8.1.3    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022) 
            8.8.2.3    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2022) 
            8.8.3.3    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2022) 
            8.8.4.3    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2018-2022) 
            8.8.5.3    Forecast Trend (2023-2028)
9    North America Capsule Endoscopy Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Capsule  Endoscopy Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific  Capsule Endoscopy Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Capsule Endoscopy Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Capsule Endoscopy Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     Fujifilm Holdings Corporation
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Jinshan Science and Technology (Group) Co. Ltd
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Olympus Corporation
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    CapsoVision Inc.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    IntroMedic Co. Ltd
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Medtronic plc
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Capsule Endoscopy Market: Key Industry Highlights, 2018 and 2028
2.    Global Capsule Endoscopy Historical Market: Breakup by Accessories (USD Million), 2018-2022
3.    Global Capsule Endoscopy Market Forecast: Breakup by Accessories (USD Million), 2023-2028
4.    Global Capsule Endoscopy Historical Market: Breakup by Product Type (USD Million), 2018-2022
5.    Global Capsule Endoscopy Market Forecast: Breakup by Product Type (USD Million), 2023-2028
6.    Global Capsule Endoscopy Historical Market: Breakup by Application (USD Million), 2018-2022
7.    Global Capsule Endoscopy Market Forecast: Breakup by Application (USD Million), 2023-2028
8.    Global Capsule Endoscopy Historical Market: Breakup by Region (USD Million), 2018-2022
9.    Global Capsule Endoscopy Market Forecast: Breakup by Region (USD Million), 2023-2028
10.    North America Capsule Endoscopy Historical Market: Breakup by Country (USD Million), 2018-2022
11.    North America Capsule Endoscopy Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Europe Capsule Endoscopy Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Europe Capsule Endoscopy Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Asia Pacific Capsule Endoscopy Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Asia Pacific Capsule Endoscopy Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Latin America Capsule Endoscopy Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Latin America Capsule Endoscopy Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Middle East and Africa Capsule Endoscopy Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Middle East and Africa Capsule Endoscopy Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Global Capsule Endoscopy Market Structure

Key Questions Answered in the Report

The global capsule endoscopy market  attained a value of about USD 747.1 million in 2020.

The market is projected to grow at a CAGR of 8.7% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach nearly USD 1232 million by 2026.

The market is being aided by the rising health-related issues due to unhealthy eating habits and sedentary lifestyles of the major population and the increasing accessibility to healthcare in the developed countries.

The industry is expected to be aided by advancements in artificial intelligence (AI), the development of Wi-Fi enabled capsules, and the growing awareness regarding the benefits of minimally invasive techniques.

The major regions in the industry are North America, Latin America, the Asia pacific, Europe and the Middle East and Africa.

The leading accessories of capsule endoscopy in the industry are wireless capsule and workstation and receiver.

Small bowel, oesophageal, and colon  are the major product types in the industry.

Obscure gastrointestinal bleeding (OGIB), Crohn’s disease, and small intestine tumour, among others, are the significant application segments of capsule endoscopy in the market.

According to the EMR report, the key players of the industry are Fujifilm Holdings Corporation, Jinshan Science and Technology (Group) Co Ltd., Olympus Corporation, CapsoVision Inc.,  IntroMedic Co. Ltd., and Medtronic plc, among others.

Analyst Review

The global capsule endoscopy market attained USD 747.1 million in 2020, driven by the rising prevalence of various gastrointestinal diseases. Aided by the growing integration of artificial intelligence (AI) in capsule endoscopy, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 8.7%. The market is projected to reach USD 1232 million by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the micro and macro aspects of the industry. Based on accessories, the market is segmented into wireless capsule, and workstation and receiver. By product type, the market is divided into small bowel, oesophageal, and colon. On the basis of application, the market is segmented into obscure gastrointestinal bleeding (OGIB),  Crohn’s disease, and small intestine tumour, among others. The major regional markets for capsule endoscopy are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.  The key players in the above market include Fujifilm Holdings Corporation, Jinshan Science and Technology (Group) Co Ltd., Olympus Corporation, CapsoVision Inc., IntroMedic Co. Ltd., and Medtronic plc, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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