Press release
Capsule Endoscopy Market worth $1,067.37 million by 2030, growing at a CAGR of 9.80% - Exclusive Report by 360iResearch
The "Capsule Endoscopy Market by Product (Capsule Endoscopes, Systems), Application (Crohn's Disease, Obscure Gastrointestinal Bleeding, Small Intestine Tumor), End-Use - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.The Global Capsule Endoscopy Market to grow from USD 554.66 million in 2023 to USD 1,067.37 million by 2030, at a CAGR of 9.80%.
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Capsule endoscopy is a modern diagnostic tool that allows for the visualization and examination of the gastrointestinal tract using a pill-sized capsule equipped with a camera. This market comprises manufacturers, healthcare providers, and patients utilizing the device for gastrointestinal diagnosis. The increasing prevalence of gastrointestinal disorders globally and the significant adoption of minimally invasive surgical interventions contribute positively to market growth. Concerns associated with capsule retention rate, adverse effects, and incomplete small bowl examination results are significant hindrances in markets. Opportunities within this market involve growing initiatives to improve healthcare infrastructure and increase awareness of gastrointestinal disorders. In addition, technological advancements coupled with better-designed wireless capsules are expected to create growth in the market.
In the Americas, the United States is a key market for capsule endoscopy, driven by advanced healthcare infrastructure, a substantial focus on research and development, and a high prevalence of gastrointestinal diseases. The adoption of capsule endoscopy is supported by favorable reimbursement policies, less readily seen in other regions. Canada and South American countries also contribute to the market, though to a lesser extent due to variances in healthcare expenditure and technological adoption rates. The Asia-Pacific is witnessing rapid growth in the capsule endoscopy market, largely fueled by an increasing aging population, growing healthcare infrastructure, and rising incidences of gastrointestinal disorders. Countries such as Japan, South Korea, and China are at the forefront, with Japan featuring some of the earliest adopters of capsule endoscopy technology due to its innovation-friendly healthcare system. The Europe, Middle East, and Africa (EMEA) region presents a diverse market for capsule endoscopy. Western European countries have a mature healthcare sector with high adoption of novel diagnostic technologies, including capsule endoscopy, aided by strong healthcare systems and wide insurance coverage. In Middle Eastern countries, there is a growing demand for healthcare services and medical devices, including capsule endoscopy, driven by increasing healthcare investments and modernization of healthcare facilities.
Market Segmentation & Coverage:
This research report categorizes the Capsule Endoscopy Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Capsule Endoscopes and Systems. The Capsule Endoscopes is projected to witness significant market share during forecast period.
Based on Application, market is studied across Crohn's Disease, Obscure Gastrointestinal Bleeding, and Small Intestine Tumor. The Crohn's Disease is projected to witness significant market share during forecast period.
Based on End-Use, market is studied across Ambulatory Surgery Centers and Hospitals. The Ambulatory Surgery Centers is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 37.66% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Capsule Endoscopy Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Capsule Endoscopy Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Capsule Endoscopy Market, highlighting leading vendors and their innovative profiles. These include AdvinHealthcare, Ambu A/S, Anx Robotica Corp., Biocam Sp. z o.o., Boston Scientific Corporation, CapsoVision Inc., Check-Cap Ltd. by Symetryx Corp., Chongqing Jinshan Science & Technology (Group) Co., Ltd, Covestro AG, Duomed Group, Fujifilm Holding Corporation, Intromedic co., Ltd, Medtronic PLC, MU Ltd., Olympus Corporation, RF Systems Lab, Shangxian Minimal Invasive Inc., and STERIS Corporation.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Capsule Endoscopy Market, by Product
7. Capsule Endoscopy Market, by Application
8. Capsule Endoscopy Market, by End-Use
9. Americas Capsule Endoscopy Market
10. Asia-Pacific Capsule Endoscopy Market
11. Europe, Middle East & Africa Capsule Endoscopy Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Capsule Endoscopy Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Capsule Endoscopy Market?
3. What is the competitive strategic window for opportunities in the Capsule Endoscopy Market?
4. What are the technology trends and regulatory frameworks in the Capsule Endoscopy Market?
5. What is the market share of the leading vendors in the Capsule Endoscopy Market?
6. What modes and strategic moves are considered suitable for entering the Capsule Endoscopy Market?
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