According to IMARC Group latest report titled “Capsule Endoscopy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on capsule endoscopy market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

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 is a revolutionary, minimally invasive diagnostic tool that allows for comprehensive visualization of the gastrointestinal tract, particularly areas unreachable by traditional endoscopy. This innovative procedure involves a small, swallowable capsule equipped with a camera, light source, and transmitter. The types of capsule endoscopies vary, including esophageal, small bowel, and colon capsules, each designed for specific sections of the gastrointestinal tract. These devices are highly effective in diagnosing conditions such as gastrointestinal bleeding, Crohn's disease, small intestinal tumors, and celiac disease. Additionally, the advantages of capsule endoscopy include its non-invasive nature, the ability for patients to maintain their routine during the procedure, enhanced diagnostic accuracy, and improved patient comfort and safety, making it a preferred choice for both patients and healthcare providers.

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Market Trends:

The global market is experiencing robust growth, driven by technological advancements in capsule cameras, increased precision in diagnostic capabilities, and the growing preference for minimally invasive procedures. Along with this, the rising prevalence of gastrointestinal diseases, coupled with a growing aging population vulnerable to such medical conditions, is further escalating the demand for capsule endoscopy. In addition, enhancements in battery life, image resolution, and data storage of capsules are improving the efficacy and convenience of these procedures. Therefore, this is significantly supporting the market. Moreover, the integration of artificial intelligence for better diagnostics, expanding healthcare infrastructure, and increasing awareness about the benefits of early disease detection are also pivotal in propelling the market forward. Apart from this, the advent of magnetic guidance systems for improved maneuverability and coverage in gastrointestinal examination is fostering innovation and market growth. These factors, aligned with increasing healthcare expenditure and supportive government initiatives promoting advanced diagnostic methods, are creating a positive market outlook.

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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

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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