Capsule Endoscopy Market A Pill for Diagnosis: How Capsule Endoscopy is Revolutionizing GI Tract Imaging

Capsule Endoscopy Market worth $ 903.8 Million by 2030 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Capsule Endoscopy Market- by Brand (CapsoCam Plus, Capso Retrieve, CapsoAccess, CapsoView, Check-cap, OMOM, MicroCam Regular, PillCam, EndoCapsule, Sayaka and Others), Application (Obscure Gastrointestinal Bleeding (OGIB), Crohn's Disease, Small Intestine Tumor, and Others), End User (Hospitals, Clinics, and Others), Trends, Industry Competition Analysis, Revenue and Forecast To 2030."

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InsightAce Analytic's latest report forecasts a promising future for the global capsule endoscopy market. The market is expected to reach US$903.8 million by 2030, reflecting a compound annual growth rate (CAGR) of 9.27% between 2024 and 2031. In 2021, the market was valued at US$444.72 million.

Capsule endoscopy is a non-invasive diagnostic technique that utilizes a miniature video capsule to examine the entire gastrointestinal tract. This capsule, equipped with a camera, battery, transmitter, and light source, transmits images of the esophagus, stomach, and small intestine as it travels through the digestive system. These captured images are crucial for diagnosing various gastrointestinal disorders.

The capsule itself is a marvel of miniaturization, boasting a built-in camera that snaps two pictures per second and an impressive eight-hour battery life. A complete capsule endoscopy system also incorporates a workstation, data recorder, sensor, and software, working together to facilitate a comprehensive examination.

The main factors propelling market expansion are the rising elderly population around the world, the demand for less intrusive diagnostic methods, and the creation of technologically advanced capsules. Additionally, expanding healthcare spending, which increases the need for accurate cancer diagnostic methods, as well as positive government initiatives, are projected to fuel market growth. Because of their advantages,

such as pleasant visualisation of the gastrointestinal tract images, precise diagnosis, and quicker results, capsule endoscopies have become more and more common in recent years. Additionally, during the forecast period, the market will grow due to the introduction of technologically advanced wireless capsules with improved features like longer battery life, WiFi-enabled devices, increased data storage capacity, ergonomic designs,

higher frame rates, 360-degree panoramic views, simple transmission, and improved image quality. In the coming years, the ageing population will be anticipated to provide this market with a robust development platform. Additionally, the increased usage of screening tests such as capsule endoscopy for diagnosis and the rising prevalence of cancer in both older and younger people in recent years are anticipated to fuel market expansion.

North America is anticipated to be the major contributor to the Capsule Endoscopy market over the forecast years because of a growing demand for minimally invasive screening treatments and the use of technologically advanced products and systems. Furthermore, enhanced healthcare infrastructure is another element driving the market growth.

Furthermore, increased awareness about the early detection of diseases such as cancer, gastrointestinal disorders, and other chronic problems is one of the major reasons driving market growth in the region. In addition, the Asia Pacific Capsule Endoscopy market is expected to grow significantly during the forecast period.

It is due to the increased demand in this region for capsule-based endoscopic technology for screening operations. Furthermore, improving healthcare infrastructure and a growing senior population are two significant elements driving growth.

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Major market players operating in the Capsule Endoscopy market include
CapsoVision Inc., Jinshan Science & Technolgy (Group) Co. Ltd., IntroMedic Co. Ltd., Check Cap Ltd, Medtronic, Olympus Corporation, GastroGenix Inc, Motilis Medica SA, RF Co., Ltd., and others.

Recent collaborations and agreements in the market:
In November 2021, Medtronic plc received FDA approval for its PillCam remote endoscopic treatment device. The PillCam SB3 programme integrates the company's PillCam technology with Amazon logistics to provide clients with quick and accurate results from the comfort of their homes.
In May 2021, Olympus Corporation Japan agreed to buy Medi-Tate Ltd. (Israel). As part of the acquisition BPH, Olympus was granted permission to perform in-office treatment for benign prostatic hyperplasia.

In 2020, Medtronic established cooperation with Amazon to deliver its capsule endoscope-PillCam Genius, to customers' homes. It will aid in growing its global penetration and improving patient comfort and satisfaction.

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Market Segments
Global Capsule Endoscopy Market, by Brand, 2022-2030 (Value US$ Mn)
• CapsoCam Plus
• Capso Retrieve
• CapsoAccess
• CapsoView
• Check-cap
• OMOM
• MicroCam Regular
• PillCam
• EndoCapsule
• Sayaka
• Others

Global Capsule Endoscopy Market, by Application, 2022-2030 (Value US$ Mn)
• Obscure Gastrointestinal Bleeding (OGIB)
• Crohn's disease
• Small intestine tumor
• Others

Global Capsule Endoscopy Market, by End Users, 2022-2030 (Value US$ Mn)
• Hospitals
• Clinics
• Others

Global Capsule Endoscopy Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America Capsule Endoscopy Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada

Europe Capsule Endoscopy Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Capsule Endoscopy Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Capsule Endoscopy Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa Capsule Endoscopy Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa

Why should buy this report:
 To receive a comprehensive analysis of the prospects for the global Capsule Endoscopy market
 To receive an industry overview and future trends of the Capsule Endoscopy market
 To analyze the Capsule Endoscopy market drivers and challenges
 To get information on the Capsule Endoscopy market value (US$Mn) forecast to 2030
 Significant investments, mergers & acquisitions in the Capsule Endoscopy market industry

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