The global Capsule Endoscopy market was valued at USD 0.60 Billion in 2018 and is expected to reach USD 1.30 Billion by year 2026, at a CAGR of 9.0 %. The study covers the capsule endoscopy procedure used for the medical examination of various chronic diseases. Endoscopic capsules are available for a variety of endoscopy processes ranging from gastrointestinal tract inspection, respiratory tract inspection, reproductive tract inspection, etc. Modern capsule endoscopy process is disrupting the market by enabled to have a 360-degree view of the medical inspection.
Rising prevalence of chronic diseases, gastrointestinal infections, peptic ulcers, bowel tumors, abdominal bleeding would result in the growth of the capsule endoscopy market globally. Significant focus of healthcare companies on development of modern technology in capsule endoscopy, availability of public as well private funds for research, and favorable regulatory scenario, are some of the key factors propelling market growth in the industry. However, cost associated in the procedure, availability of other medical examination procedures like ultrasound, global supply chain of the associated equipment, are the major hinderances that would affect the growth of the capsule endoscopy market during 2019-2026.
Top Companies Profiled in the Report Include:
Olympus Corporation, RF System Lab, Given Imaging Ltd., Chongqing Jinshan Science Technology Company, Fujifilm Corporation, Intromedic Co Ltd., CapsoVision Inc.
Market Overview:
The pharma and healthcare industry has undergone a revolutionary change owing to the COVID-19 pandemic with individuals increasing their focus on health and wellness. Companies operating in the industry have invested heavily in clinical trials and research studies to develop medications to cater to the growing unmet clinical demand on a global level. Implementation of cutting-edge technology in healthcare sector and increasing investment in research and development have contributed significantly to revenue growth of the market in the recent past. In addition, availability of favorable health insurance and reimbursement policies have also positively impacted the healthcare sector with more and more individuals opting to get treatment at hospital and clinical facilities. Rapid development of novel drugs and pharmaceuticals, increasing incidence of lifestyle and chronic diseases, establishment of state-of-the-art healthcare facilities, and rising availability of over-the-counter medications have significantly contributed to the revenue growth of the market.
Additionally, the report consists a detailed analysis of the segmentation of the Capsule Endoscopy market based on product types and end-use/application offered in the Capsule Endoscopy market -
By Product Type (Revenue, USD Million; 2016–2026)
- Colonic capsule
- Bowel capsule
- Esophageal capsule
By Application Type (Revenue, USD Million; 2016–2026)
- Gastrointestinal tract
- Respiratory tract
- Female reproductive tract
- Ear
- Urinary tract
By Component Type (Revenue, USD Million; 2016–2026)
- Wireless Capsule
- Image recorder
- Image workstation
By End Use (Revenue, USD Million; 2016–2026)
- Hospital
- Clinic
- Research centers
- Others
Country-wise regional analysis covers:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
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