apsule Endoscopy Market Revenue Report with Forecast to 2031

Capsule Endoscopy Market Size, Share & Trends Analysis Report By Brand (CapsoCam Plus, Capso Retrieve, CapsoAccess, CapsoView, Check-cap, OMOM, MicroCam Regular, PillCam, EndoCapsule, Sayaka, Others), By Application, By End-User, By Region, And Segment Forecasts, 2024-2031

The Capsule Endoscopy Market Size is valued at 515.89 million in 2023 and is predicted to reach 1081.73 million by the year 2031 at a 9.91 % CAGR during the forecast period for 2024-2031.

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Latest Drivers Restraint and Opportunities Market Snapshot:
Future expansion opportunities for the capsule endoscopy market include:
• Rising investment in capsule endoscopy technology
• Raising consciousness
• Increasing adoption of technologically advanced goods and systems
Key factors influencing the capsule endoscopy market are:
• Improvement in healthcare facilities
• Growing inclination for less invasive screening methods
• Growing number of elderly people
The following are the primary obstacles to the capsule endoscopy market's expansion:
• Shortage of skilled workers
• Strict governmental rules
• Concerns about capsule retention and the expensive devices

Market Analysis:
Factors such as the ongoing demand for precise diagnostic instruments and the increasing prevalence of inflammatory intestinal ailments and colon cancer are expected to drive the market for capsule endoscopies. Furthermore, the technological advancements in the excellent and numerous advantages over conventional endoscopy encourage end users to employ the products, thereby fostering market growth over the forecast period. Additionally, the market is expected to expand due to the growing healthcare expenditure levels, which will require the implementation of effective cancer detection techniques and the encouragement of government initiatives.

List of Prominent Players in the Capsule Endoscopy Market:
• CapsoVision Inc.
• RF Co., Ltd.
• GastroGenix Inc,
• Motilis Medica SA
• Check Cap Ltd
• Jinshan Science & Technolgy (Group) Co. Ltd.,
• IntroMedic Co. Ltd.
• Medtronic,
• Olympus Corporation
• Others

Recent Developments:
• In January 2024, GI Genius, a colorectal cancer endoscopic module, was introduced by Medtronic. The system's real-time data delivery via artificial intelligence (AI) and enhanced visualization during colonoscopies have enabled doctors to detect and treat colorectal cancer more effectively.
• In Oct 2023, Olympus has announced the next-generation EVIS X1 endoscopy system for gastrointestinal (GI) practitioners. The CF-HQ1100DL/I colonovideoscope is intended for use in the lower digestive tract, whereas the GIF-1100 gastrointestinal video scope is designed for use in the upper digestive tract. The EVIS X1 endoscopy apparatus is equipped with Texture and Color Enhancement Imaging technology, which enhances the colour and texture of images during endoscopic screening, thereby increasing the visibility of polyps and lesions.

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Capsule Endoscopy Market Dynamics:
Market Drivers: Rising Aging Population
This industry is anticipated to undergo substantial growth in the years ahead due to the geriatric population. The elderly are more susceptible to a variety of gastrointestinal disorders, such as Crohn's disease, appendicitis, intestine inflammation, and colorectal cancer. Furthermore, capsule endoscopy is gaining popularity for cancer diagnosis, and the disease's rising prevalence in both young and elderly individuals is a positive sign for the industry's future. Capsule endoscopic systems have gained prominence as a result of the growing prevalence of minimally invasive surgical procedures, and they can be used to diagnose a variety of gastrointestinal disorders, such as obstructive gastrointestinal bleeding, cancer, and small intestine tumours. Capsule endoscopy is anticipated to facilitate market expansion and adoption in the years ahead.

Challenges: Heavy Equipment Expenses
The geriatric population is expected to drive significant development in this industry in the years ahead. Crohn's disease, peritonitis, intestine inflammation, and colorectal cancer are among the gastrointestinal disorders to which the elderly are more susceptible. Additionally, the industry's future is encouraged by the increasing prevalence of cancer in both young and elderly individuals, as capsule endoscopy is becoming increasingly popular for cancer diagnosis. Because of the growing prevalence of minimally invasive surgical procedures, capsule endoscopic systems have become increasingly popular. They can diagnose a wide range of gastrointestinal disorders, including obstructive gastrointestinal haemorrhage, cancer, and small intestine tumours. It is anticipated that capsule endoscopy will facilitate the expansion and adoption of the market in the years to come.

North America is Expected to Grow with the Highest CAGR During the Forecast Period
The capsule endoscopy market is likely to register a significant revenue share and develop at a rapid CAGR soon. This is because of consumers' growing inclination for less intrusive screening methods and the uptake of technologically advanced goods and systems. A further aspect driving market expansion is the region's enhanced healthcare infrastructure. Further driving market expansion in the area is growing public consciousness of the benefits of early disease screening for problems including cancer, gastrointestinal issues, and other chronic illnesses, which will grow the market is expected to grow within the projected time frame.

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Segmentation of Capsule Endoscopy Market-
By Application-
• Obscure Gastrointestinal Bleeding (OGIB)
• Crohn's disease
• Small intestine tumor
• Others
By Brands-
• CapsoCam Plus
• Capso Retrieve
• CapsoAccess
• CapsoView
• Check-cap
• OMOM
• MicroCam Regular
• PillCam
• EndoCapsule
• Sayaka
• Others
By End User-
• Hospitals
• Clinics
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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