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Capsule Endoscopy System Market Report 2024 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Novartis AG, Medtronic plc., Fujifilm Holdings Corporation, Koninklijke Philips N.V

05-23-2024 03:18 PM CET | Health & Medicine

Press release from: The Business Research Company

Capsule Endoscopy System Global Market Report 2024

Capsule Endoscopy System Global Market Report 2024

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Capsule Endoscopy System Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $1.01 billion In 2028 At A CAGR Of 10.4% :

The capsule endoscopy system market size has grown rapidly in recent years. It will grow from $0.61 billion in 2023 to $0.68 billion in 2024 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to patient preference for non-invasive procedures, rise in gastrointestinal disorders, enhanced diagnostic accuracy, improved patient comfort and compliance, physician preference for capsule endoscopy, growing aging population..

The capsule endoscopy system market size is expected to see rapid growth in the next few years. It will grow to $1.01 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to expanding applications in gastroenterology, increasing focus on early detection, patient-centric healthcare approaches, telemedicine integration, global health initiatives for digestive health.. Major trends in the forecast period include technological advancements, increasing prevalence of gastrointestinal disorders, growing aging population, preference for non-invasive procedures, rising awareness and patient education, reimbursement policies..

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Capsule Endoscopy System Market Major Segments
The capsule endoscopy system market covered in this report is segmented -

1) By Component: Capsule Endoscope, Work Stations And Recorders
2) By Application: Esophageal Diseases, Colonic Diseases, Occult GI Bleeding, Crohn's Disease, Small Bowel Tumors, Celiac Disease, Inherited Polyposis Syndromes
3) By End-User: Hospitals, Ambulatory Surgery Centers, Other End-Users

Key Driver - The Impact of Rising Cancer Prevalence On The Capsule Endoscopy System Market

The increasing prevalence of cancer is driving the growth of the capsule endoscopy system market going forward. Cancer refers to a group of diseases characterized by the abnormal and uncontrolled growth of cells in the body, which can invade nearby tissues and spread to other parts of the body. Capsule endoscopy systems are used in cancer diagnosis and detection by allowing physicians to visualize the gastrointestinal tract and detect abnormalities such as tumors, ulcers, and inflammation. They offer a less invasive and more patient-friendly approach to evaluating the GI tract, making them an essential tool in improving cancer outcomes and patient quality of life. For instance, in January 2023, according to reports shared by the American Cancer Society Inc., a US-based voluntary health organization, in the US, the estimated number of new cancer cases diagnosed in 2020 was 1.8 million, with 606,520 cancer-related deaths. This figure has risen to 1.9 million new cancer cases diagnosed and 608,570 cancer deaths in 2021. Therefore, the increasing prevalence of cancer is expected to propel the growth of the capsule endoscopy system market.

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Prominent Trend - Innovative Capsule Endoscopy Systems Redefining Small Bowel Disease Diagnosis

Major companies operating in the capsule endoscopy system market are developing advanced capsules, such as the NaviCam small bowel system, to provide a more effective and efficient way to diagnose small bowel diseases. The NAVICAM small bowel capsule endoscopy system, that uses a combination of advanced technologies to provide a more effective and efficient way to diagnose small bowel diseases. For instance, in February 2023, AnX Robotica Corporation, a US-based manufacturer of capsule endoscopy systems, launched the NAVICAM small bowel system, a video capsule endoscopy (VCE) system that uses a combination of advanced technologies to provide a more effective and efficient way to diagnose small bowel diseases. The NAVICA capsule is equipped with a magnet that allows it to be steered remotely by a physician. This allows for more complete visualization of the small bowel, even in difficult-to-reach areas. It also uses artificial intelligence (AI) to automatically identify and flag areas of interest in the video footage. This helps physicians quickly and accurately identify abnormalities in the small bowel. Moreover, it is more effective, efficient, and comfortable for patients, and it provides physicians with the tools they need to make accurate diagnoses of small bowel diseases.

Capsule Endoscopy System Market Players
Major companies operating in the capsule endoscopy system market report are Novartis AG, Medtronic plc., Fujifilm Holdings Corporation, Koninklijke Philips N.V., Boston Scientific Corporation, EmblemHealth Inc., Olympus Corporation, Cerner Corporation, Henry Ford Health System, Steris Corp., Check-Cap Ltd, Proteus Digital Health Inc, Given Imaging Ltd., Medigus Ltd., Lifeline Sciences LLC., Medisafe UK Limited, CellMax Life Ltd., IntroMedic Co. Ltd., https://www.zoominfo.com/c/gi-view-ltd/49843790, SMART Medical Systems Ltd, BodyCap SAS, AnX Robotica Corporation, Advin Healthcare Private Limited, Chongqing Jinshan Science and Technology (Group) Co. Ltd, SmartPill Corporation, ANKON Technologies Co. Ltd., RF Systems Lab Co. Ltd., CapsoVision Inc., PENTAX Medical Company.

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/capsule-endoscopy-system-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the capsule endoscopy system market in 2023. The regions covered in the capsule endoscopy system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Capsule Endoscopy System Market Report Structure
3. Capsule Endoscopy System Market Trends And Strategies
4. Capsule Endoscopy System Market - Macro Economic Scenario
5. Capsule Endoscopy System Market Size And Growth
…..
27. Capsule Endoscopy System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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