According to IMARC Group latest report titled “Capsule Endoscopy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on capsule endoscopy industry share. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global capsule endoscopy market size reached US$ 485.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 938.4 Million by 2032, exhibiting a growth rate (CAGR) of 7.4% during 2024-2032.

Capsule endoscopy is a medical diagnostic technique that allows for the comprehensive examination of the gastrointestinal (GI) tract. The procedure involves the patient swallowing a small, pill-sized camera known as a capsule endoscope. This device is equipped with its light source and captures thousands of high-resolution images as it travels passively through the digestive system, propelled by natural peristaltic movements. These images are transmitted to an external receiver worn by the patient, providing clinicians with valuable visual data that can aid in diagnosing conditions such as Crohn's disease, small intestinal tumors, and sources of obscure gastrointestinal bleeding. Capsule endoscopy is highly valued for its non-invasiveness, eliminating the need for sedation and the associated risks of more invasive procedures. Furthermore, the procedure is relatively comfortable for patients, who can go about their normal activities during the exam.         

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Market Trends:

The increasing prevalence of gastrointestinal diseases such as Crohn's disease, small intestine tumors, and celiac disease is driving the global market. Furthermore, continual advancements in technology have enhanced the capabilities of capsule endoscopy systems, improving the accuracy and efficiency of diagnostics. Moreover, the rising awareness about preventive healthcare and the shift towards minimally invasive procedures have also increased demand for capsule endoscopy as patients often prefer these less invasive diagnostic methods that come with reduced recovery times and lower risks of complications. Additionally, the increasing healthcare expenditure and improvements in healthcare infrastructure across emerging economies are opening new avenues for the adoption of advanced medical technologies, including capsule endoscopy.  Besides, strategic initiatives by key players in the industry, such as mergers, acquisitions, and collaborations, along with robust investment in research and development, are pivotal in propelling the market forward.             

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Boston Scientific Corporation
• CapsoVision Inc.
• Check Cap Ltd
• Fujifilm Holdings Corporation
• IntroMedic Co. Ltd
• Jinshan Science & Technology (Group) Co. Ltd.
• Medtronic plc
• Olympus Corporation
• RF Co. Ltd.
• Shangxian Minimal Invasive Inc

Capsule Endoscopy Market Segmentation:

Our report has categorized the market based on region, product, accessory and application.

Breakup by Product:

• Small Bowel
• Esophageal
• Colon

 Breakup by Accessory:

• Wireless Capsule
• Workstation and Recorder

Breakup by Application:

• OGIB
• Crohn’s
• Small Intestine Tumors

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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