Capsule Endoscopy Market Overview
Capsule endoscopy is a procedure that involves swallowing a small capsule, which is the size of a large vitamin pill. Inside the capsule is a tiny wireless camera that takes pictures as it passes through the small intestine. Images are transmitted to a recording device worn on a belt around waist.
Worldwide, the increasing incidence of gastrointestinal diseases is a crucial factor that boosting the growth of the Capsule Endoscopy market. Moreover, the growing demand for non-invasive procedures for the detection of digestive disorders is another key aspect that propels the growth of the market. In addition to this, the ability of capsule endoscopy to detect a variety of digestive problems, including Crohn's disease, small intestine tumors, celiac disease, and obscure gastrointestinal bleeding, among other conditions. This factor further supports the market’s expansion to a large extent.
Furthermore, across the world, favorable government initiatives to extend a modern line of treatment and the introduction of technologically advanced diagnostic devices like endoscopes are resulting in the growth of the capsule endoscopy market. In addition, under public healthcare plans, public healthcare departments are providing financial assistance, expertise, and manpower for the establishment of endoscopic testing centers. As a result of such measures, the capsule endoscopy market is growing at a considerable rate in the forthcoming years.
Moreover, another significant reason driving the growth of the capsule endoscopy market is technological advancements that have led to the introduction of capsule endoscopes with longer battery life, magnetic and hybrid variants, and Wi-Fi-enabled versions. Additionally, the growing elderly population around the world, as well as the demand for more precise and faster diagnostic instruments, are escalating the growth of the Capsule Endoscopy market.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Accessory, Product, Application, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Fujifilm Holding Corporation, RF System Lab, Capso Vision Inc., Given Imaging Ltd., Olympus Corporation, Chongqing Jinshan Science & Technology Co., and IntroMedic Co. Ltd. |
Covid-19 Impact on Capsule Endoscopy Market
In addition, the current Capsule Endoscopy Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Capsule Endoscopy Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Capsule Endoscopy Market Segment Overview
Based on Product, the Small Bowel segment held the largest share in the global Capsule Endoscopy market. This is due to its growing usage in multiple medical conditions such as small bowel neoplastic lesions, inflammatory bowel disease, suspected Crohn’s disease, and obscure GI tract bleeding. By Accessory, the Wireless Capsule is the largest segment in the market. The increasing usage rate of wireless capsules in the small intestine, esophagus, and colon and the presence of favorable reimbursement policies are some major factors that intensify the growth of the wireless capsule endoscopy market.
Capsule Endoscopy Market, By Accessory
· Wireless Capsule
· Workstation & Recorder
Capsule Endoscopy Market, By Product
· Small Bowel
· Esophageal
· Colon
Capsule Endoscopy Market, By Application
· OGIB
· Crohn’s
· Small Intestine Tumors
Capsule Endoscopy Regional Overview
In terms of region, North America commanded a major share of the market and is predictable to maintain its supremacy over the forecast period. Important factors such as the increasing incidence of gastrointestinal disorders and colorectal cancer are the main factor behind the growth of the capsule endoscopy market in the region. Additionally, favorable reimbursement policies, and the presence of modern healthcare infrastructure, further boost the growth of the market in this region. Similarly, Asia Pacific is anticipated to emerge as a important region in the overall capsule endoscopy market. The increasing awareness for a new line of treatment, considerable rise in healthcare spending owing to economic growth, and improving healthcare infrastructure are some noteworthy factors contributing more to the market’s development in this region.
Capsule Endoscopy Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Capsule Endoscopy Market, Key Players
· Fujifilm Holding Corporation
· RF System Lab
· Capso Vision Inc.
· Given Imaging Ltd.
· Olympus Corporation
· Chongqing Jinshan Science & Technology Co.
· IntroMedic Co. Ltd.
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Capsule Endoscopy market during the forecast period?
The Capsule Endoscopy market is expected to record a CAGR of ~ 9 % during the forecast period.
Q2. What are the driving factors for the Capsule Endoscopy market?
Increasing incidence of gastrointestinal diseases, growing demand for non-invasive procedures for detection of digestive disorders, technological advancements, and the growing elderly population around the world are some major factors that boost the growth of the Capsule Endoscopy market.
Q3. Which Segments are covered in the Capsule Endoscopy market report?
Accessory, Product, Application, and Region, these segments are covered in the Capsule Endoscopy market report
Q4. Which segment is projected to hold the largest share in the Capsule Endoscopy Market. ?
The Small Bowel segment is projected to hold the largest share in the Capsule Endoscopy Market.
Q5. Which are the prominent players in the Capsule Endoscopy Market?
Fujifilm Holding Corporation, RF System Lab, Capso Vision Inc., Given Imaging Ltd., Olympus Corporation, Chongqing Jinshan Science & Technology Co., and IntroMedic Co. Ltd. are some key players in the Capsule Endoscopy Market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Capsule Endoscopy Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Accessory
- 5.2.1. Wireless Capsule
- 5.2.2. Workstation & Recorder
- 5.3. Market Analysis, Insights and Forecast – By Product
- 5.3.1. Small Bowel
- 5.3.2. Esophageal
- 5.3.3. Colon
- 5.4. Market Analysis, Insights and Forecast – By Application
- 5.4.1. OGIB
- 5.4.2. Crohn’s
- 5.4.3. Small Intestine Tumors
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Capsule Endoscopy Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Accessory
- 6.2.1. Wireless Capsule
- 6.2.2. Workstation & Recorder
- 6.3. Market Analysis, Insights and Forecast – By Product
- 6.3.1. Small Bowel
- 6.3.2. Esophageal
- 6.3.3. Colon
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. OGIB
- 6.4.2. Crohn’s
- 6.4.3. Small Intestine Tumors
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Capsule Endoscopy Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Accessory
- 7.2.1. Wireless Capsule
- 7.2.2. Workstation & Recorder
- 7.3. Market Analysis, Insights and Forecast – By Product
- 7.3.1. Small Bowel
- 7.3.2. Esophageal
- 7.3.3. Colon
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. OGIB
- 7.4.2. Crohn’s
- 7.4.3. Small Intestine Tumors
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Capsule Endoscopy Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Accessory
- 8.2.1. Wireless Capsule
- 8.2.2. Workstation & Recorder
- 8.3. Market Analysis, Insights and Forecast – By Product
- 8.3.1. Small Bowel
- 8.3.2. Esophageal
- 8.3.3. Colon
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. OGIB
- 8.4.2. Crohn’s
- 8.4.3. Small Intestine Tumors
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Capsule Endoscopy Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Accessory
- 9.2.1. Wireless Capsule
- 9.2.2. Workstation & Recorder
- 9.3. Market Analysis, Insights and Forecast – By Product
- 9.3.1. Small Bowel
- 9.3.2. Esophageal
- 9.3.3. Colon
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. OGIB
- 9.4.2. Crohn’s
- 9.4.3. Small Intestine Tumors
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Fujifilm Holding Corporation
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. RF System Lab
- 10.6. Capso Vision Inc.
- 10.7. Given Imaging Ltd.
- 10.8. Olympus Corporation
- 10.9. Chongqing Jinshan Science & Technology Co.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
