Revenue from the Sales of Capsule Endoscope Systems is Set to Reach US$ 695 Million by 2027

By the end of 2027, the market for capsule endoscope systems will have grown from its present size of US$ 465 million to US$ 695 million. This is due to the high-value CAGR of 8.3% that is expected to occur between 2022 and 2027 in the demand for capsule endoscope systems globally.

Over the projection period, small bowel capsule sales are anticipated to grow at a CAGR of 8%. The demand for small bowel capsules is rising as doctors and healthcare professionals use them more frequently to diagnose chronic disorders more quickly and accurately.

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Key findings of the Capsule endoscope systems study:

• Regional breakdown of the Capsule endoscope systems based on predefined taxonomy.
• Innovative manufacturing processes implemented by Capsule endoscope systems vendors in detail.
• Region-wise and country-wise fragmentation of the capsule endoscope systems to grasp the revenue, and growth outlook in these areas.
• Changing preferences among consumers across various regions and countries.
• Factors (Positive and Negative) impacting the growth of the global Capsule endoscope systems.

Competitive Landscape

Key companies are focusing on broadening their product lines and growing their market share. The increased demand for capsule-based endoscopes and endoscopic systems for different screening and diagnostic procedures has created intense competition among the existing providers. Furthermore, the competition is getting more intense due to technological advancements in the field of endoscopy made by key players.
For instance :
• In 2021, the ENDO-AID product, developed by Olympus Corporation, enabled the real-time presentation of automatically discovered worrisome lesions. The EVIS X1, Olympus' most advanced endoscopic system to date, and ENDO-AID, are compatible.

Top Companies in Capsule endoscope systems

• Boston Scientific Corporation
• CapsoVision, Inc.
• Interscope, Inc.
• Medtronic PLC
• Olympus Corporation
• RF System lab
• IntroMedic Co.
• MEDTRONIC PLC.
• Fujifilm Holding Corporation
• Check Cap

Industry Research

• By Product :
o Small Bowel Capsules
o Esophageal Capsules
o Colon Capsules

• By Application :
o OGIB (Obscure Gastrointestinal Bleeding)
o Crohn's Disease
o Small Intestine Tumor
o Others

• By End User :
o Hospitals
o Ambulatory Surgery Centers
o Others

• By Region :
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa

Queries addressed in the Capsule endoscope systems report:

• Why are the Capsule endoscope systems players targeting region for increased product sales?
• What patented technologies are the players utilizing in the global Capsule endoscope systems?
• Which regions are displaying the fastest growth in the Capsule endoscope systems?
• What are the underlying micro- macroeconomic factors affecting the global Capsule endoscope systems?

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This release was published on openPR.