Capsule Endoscopy Market Trends, Size, Growth, Key Players, Industry Research, Scenario and Forecast to 2030

According to a new study by Polaris Market Research, the global Capsule Endoscopy market size is expected to reach USD 982.83 million by 2030.
The report "Capsule Endoscopy Market Share, Size, Trends, Industry Analysis Report, By End-Use (Hospitals, Ambulatory Surgery Centers, Others); By Product (Capsule Endoscopes, Systems); By Type; By Application; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.

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Factors such as the rising demand for minimally invasive treatments have boosted the need for this endoscopy, driving the market growth during the forecast period. Endoscopes are minimally invasive instruments put into body pores such as the mouth or anus. They can also be introduced through minor incisions, such as the knee or abdomen. Minimally invasive surgery is performed through a small incision and is aided by sophisticated devices such as an endoscope.

Modern endoscopy has proved especially valuable in many fields of medicine, so it has low dangers, produces detailed images, and is rapid to perform. Endoscopies are performed on tens of millions of people each year. Further, the increasing use of minimally invasive surgical treatments has boosted the demand for endoscopic devices and electronic capsules, mostly for detecting or detecting gastrointestinal disorders such as OGIB (Obscure GI Tract Bleeding), Crohn's disease, malignancy, and small intestine tumor.
This endoscopy delivers extremely efficient and rapid results for screening such gastrointestinal diseases, increasing usage and driving the market growth. For instance, as per the CDC, the number of adults in the United States having ulcers is 14.8 million. Adults with ulcers account for 5.9 percent of the population-around 37.2 million visits to doctors' offices with digestive system illnesses as the primary diagnosis.

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Also, in the U.S., in 2020, there will be approximately 2.5 million persons suffering from inflammatory bowel disease. The frequency of IBD in the US population is expected to climb to roughly 3.5 million by 2030. Thus, the rising digestive-related diseases have increased the demand for minimally invasive treatments, which has boosted the endoscopy industry's growth.

Olympus Corporation, Chongqing Jinshan Science & Technology (Group) Co., Ltd, IntroMedic, Co. Ltd., Medtronic, CapsoVision, and RF Co., Ltd are some players operating in the market.

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Polaris Market Research has segmented the Capsule Endoscopy market report based on component, solution, payload, application, and region:
Capsule Endoscopy, Product Outlook (Revenue - USD Million, 2018 - 2030)
• Capsule Endoscopes
o Small Bowel
o Esophageal
o Colon
• Systems
Capsule Endoscopy, Application Outlook (Revenue - USD Million, 2018 - 2030)
• OGIB (Obscure GI Tract Bleeding)
• Crohn's Disease
• Small Intestine Tumor
• Others
Capsule Endoscopy, End-Use Outlook (Revenue - USD Million, 2018 - 2030)
• Hospitals
• Ambulatory surgery centers
• Others
Capsule Endoscopy, Type Outlook (Revenue - USD Million, 2018 - 2030)
• Capsule Cystoscopies
• Capsule Neuro-Endoscopes
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