Capsule Endoscopy Market Will Surpass $937.65 Million by 2034 at 7.8% CAGR Growth

Capsule Endoscopy Market

The global capsule endoscopy market is estimated to grow from its initial estimated value of USD 443.47 million in 2024 to an estimated value of USD 937.65 million by 2034. It is expected to register a CAGR of 7.8% in the forecast period of 2025-2034.

Market Scenario

Capsule endoscopy is a methodology that utilizes a minuscule wireless camera to click pictures of the organs of the body that food and liquid traverse through. It sits within a vitamin-sized capsule. After it is devoured, the capsule traverses through the digestive tract. The ingestible camera technology captures innumerable pictures that are send to a recorder attached to a belt around the waist. It displays the inside of the small intestine. Normal endoscopy includes passing a prolonged, flexible tube armed with a video camera down to the throat or through.
A capsule endoscopy is done to detect the cause of bleeding in the small intestine. It can also detect hurt and inflamed areas in the small intestines in illnesses such as Crohn's disease or ulcerative colitis. It can also portray tumors in the small intestines and other parts of the digestive tract. Capsule endoscopy is frequently utilized in detecting and observing immune reactions to consuming gluten.

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Market Drivers

Growing Cases of Gastrointestinal Illnesses: The growing cases of gastrointestinal illnesses, such as Crohn's disease, celiac disease, and obscure gastrointestinal bleeding, have notably elevated the demand for progressive diagnostic instruments like capsule endoscopy. As per a 2022 report by the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), roughly 60 to 70 million people in the US are impacted by digestive illnesses, catapulting the capsule endoscopy market on a growth trajectory.

Technological Advancements: Ongoing inventions in medical imaging technology have distinctly enhanced the efficiency and relevance of capsule endoscopy. Modern video capsule endoscopy is now armed with a magnified camera, prolonged battery life, and improved data transmission potential, allowing for accurate and thorough investigation of the gastrointestinal tract.

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Major Competitors

With the growing demand for capsule-dependent endoscopes and endoscopic systems used in various screening and diagnostic procedures, competition among leading players in the market has intensified. Some of the companies currently dominating this space include:

• AnX Robotica
• BioCam
• CapsoVision, Inc.
• Check-Cap Ltd.
• Chongqing Jinshan Science & Technology (Group) Co., Ltd.
• IntroMedic Co., Ltd.
• Medtronic plc
• Olympus Corporation
• RF System Lab
• Shangxian Minimal Invasive Inc.

Key Regions and Countries

North America holds the largest capsule endoscopy market share due to the region's progressive healthcare framework, elevated acquisition rates of innovative medical technologies, and notable presence of gastrointestinal illnesses.
Asia Pacific is experiencing the highest CAGR due to an enhanced healthcare framework, growing healthcare disbursement, and a growing consciousness of progressive diagnostic technologies.

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Leading Segments

Polaris Market Research has segmented capsule endoscopy market report based on product, application, end use, and type:

By Product Outlook
• Capsule Endoscopes
• Systems

By Application Outlook
• OGIB (Obscure GI Tract Bleeding)
• Crohn's Disease
• Small Intestine Tumor
• Others

By End Use Outlook
• Hospitals
• Ambulatory Surgery Centers
• Others

By Type Outlook
• Capsule Cystoscopies
• Capsule Neuro-Endoscopes

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