Capsule Endoscopy System Market 2024 - By Industry Analysis, Competitive Landscape, Growth Factors, Revenue And Outlook By 2033

The new report published by The Business Research Company, titled ""Capsule Endoscopy System Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

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.

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

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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.

Contents of the report:
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

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