Global Capsule Endoscopy Market to Top USD 640 Million by 2026

Findings from Facts and Factors report "Capsule Endoscopy Market By Product (Capsule Endoscopes and Components), By End Users (Research Centers, Hospitals, Clinics, and Other End Users), By Application (Crohn's Disease, Small Bowel Diseases, Obscure Gastrointestinal Bleeding (OGIB), and Other Diseases), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020-2026" states that the global capsule endoscopy market in 2019 was approximately USD 370 Million. The market is likely to grow at a CAGR of over 8% and is anticipated to reach close to USD 640 Million by 2026.

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Capsule endoscopes involve tiny endoscopy systems that can be operated wirelessly and can capture thousands of clear images of the body's internal tracts. A tiny camera and wireless connectivity system are packed into a vitamin supplement-sized capsule to take thousands of shots of the body's internal routes and outsource those images to the wireless recorder. These tiny capsule endoscopes can travel through extremely slim paths for a thorough examination, which is not possible through traditional endoscopes.

Some of the key factors driving the global capsule endoscopy market are the considerable rise in the victim count suffering from gastrointestinal disorders worldwide. Moreover, the majority of the patients prefer non-invasive methods for the diagnosis of such digestion-related problems. However, limited battery life and lack of efficient locomotive system in the tiny capsules are likely to decelerate the expansion rate of the global capsule endoscopy market throughout the study timeframe.

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"Capsule endoscopes" category under product segment holds the leading position in the global capsule endoscopy market

Based on the product, the global capsule endoscopy market is bifurcated into components and capsule endoscopes. Between both, the capsule endoscopes held the major share of the market in 2019, as the capsule endoscope plays a crucial role in comprehensively evaluating gastrointestinal tracts. The device can pass through those organs of the tract, which are not possible to examine using traditional endoscopy technologies. Moreover, the capsule can be ingested orally and does not require any sort of invasive procedures for diagnosis.

Small bowel diseases segment under applications accounts for the major share in the global market

By application, the global capsule endoscopy industry is segmented into Crohn's disease, small bowel diseases, Obscure Gastrointestinal Bleeding (OGIB), and other diseases. Of all, small bowel diseases segment dominated in the global market in 2019, as small bowel diseases can be diagnosed precisely using capsule endoscopy. The novel technology involves a non-invasive procedure to examine complex pathways in the small intestine for the effective diagnosis of irritable bowel syndrome, inflammatory bowel disease, ulcers, infections, and other small bowel diseases.

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Some of the key players driving the global capsule endoscopy market are IntroMedic, RF Co. Ltd., Medtronic PLC, Fujifilm Holding Corporation, Olympus Corporation, AccuRead Endoscopy Inc., and CapsoVision Inc., among others.

This report segments the global capsule endoscopy market as follows:

Global Capsule Endoscopy Market: Product Segmentation Analysis

Capsule Endoscopes
Esophageal Capsule
Bowel Capsule
Colonic Capsule
Components
Recorder Market
Workstation Market
Image Receiver
Others Market

Global Capsule Endoscopy Market: End-User Segmentation Analysis

Research Centers
Hospitals
Clinics
Other End Users

Global Capsule Endoscopy Market: Application Segmentation Analysis

Crohn's Disease
Small Bowel Diseases
Obscure Gastrointestinal Bleeding (OGIB)
Other Diseases

Global Capsule endoscopy Market: Regional Segmentation Analysis

North America
The U.S.
Canada
Europe
Germany
The UK
France
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa

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