The Global Capsule Endoscopy market size was valued at US$ 444.72 million in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 9.27 % from 2022 to 2030. 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.
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.
The key players of this market include 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.
