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.
Capsule endoscopy makes use of a tiny wireless camera that takes pictures of the digestive tract as it passes through the small intestine and is transmitted to a recorder. A capsule endoscopy camera is so small and placed in the vitamin-size capsule that the patient swallows. The procedure helps doctors see the inside of the small intestine. Factors such as the increasing prevalence of inflammatory bowel diseases, colorectal cancer, and continuous demand for accurate diagnostics tools are expected to drive the capsule endoscopy market in the near future. Furthermore, several advantages over traditional endoscopy and technological advancements in the products, which include longer battery life and WiFi-enabled, drive the adoption of the products among the end-users, thus stimulating market growth.
Market Segmentation
The Global capsule endoscopy market is segmented based on brands, application, end users, and region. Based on the brand, the market is divided into CapsoCam Plus, Capso Retrieve, CapsoAccess, CapsoView, Check-cap, OMOM, MicroCam Regular, PillCam, EndoCapsule, Sayaka and Others. On the basis of application, the market is classified into Obscure Gastrointestinal Bleeding (OGIB), Crohn’s disease, small intestine tumor, and others. By end user, the market is segmented into hospitals, clinics, and others. Based on the region, the market is studied across North America, Asia-Pacific, Europe, and LAMEA. Among that North America held the largest share of the market in 2019, followed by Europe and Asia Pacific. On the other hand, the Asia Pacific is projected to have the highest growth rate during the forecast period.
Competitive Landscape
Some Of The key players in the Capsule Endoscopy Market:
- CapsoVision Inc.,
- Check Cap Ltd,
- Jinshan Science & Technolgy (Group) Co. Ltd.,
- IntroMedic Co. Ltd.,
- Medtronic, Olympus Corporation,
- RF Co.,Ltd.,
- GastroGenix Inc,
- Motilis Medica SA and among others
The Capsule Endoscopy Market Report Scope
Report Attribute |
Specifications |
Market Size Value In 2023 |
USD 515.89 Million |
Revenue Forecast In 2031 |
USD 1081.73 Million |
Growth Rate CAGR |
CAGR of 9.91% from 2024 to 2031 |
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
Historic Year |
2019 to 2023 |
Forecast Year |
2024-2031 |
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
Segments Covered |
By Brand, By Application, By End-User |
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
Competitive Landscape |
CapsoVision Inc., Check Cap Ltd, Jinshan Science & Technolgy (Group) Co. Ltd., IntroMedic Co. Ltd., Medtronic, Olympus Corporation, RF Co.,Ltd., GastroGenix Inc, Motilis Medica SA and among others |
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |