Global Capsule Endoscopy Market (by Disease Type, Product, End Use, & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2027)

Global Capsule Endoscopy Market (by Disease Type, Product, End Use, & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2027)


Market Insight:

Capsule endoscopy is a non-invasive medical procedure in which a pill-sized endoscope is consumed by the patient to record pictures of the digestive tract. This is done through the employment of a video capsule, a wireless, disposable gadget equipped with a camera, battery, transmitter, and light source. The video capsules inserted capture images in the stomach, esophagus, and small intestine, which is used to diagnose gastrointestinal disorders.

In addition, the introduction of technologically sophisticated wireless capsules with enhanced features such as longer battery life, higher data storage capacity, Wi-Fi-enabled gadgets, and ergonomic designs is likely to boost market expansion in coming years. The global capsule endoscopy market is expected to reach US$559.59 million in 2023, growing at a CAGR of 8.64% during the forecast period.

Segment Covered:
  • By Product: In terms of the product, the report provides the bifurcation of the global capsule endoscopy market into two segments: Systems and Capsule Endoscopes. Systems segment acquired largest share in the market, due to the range of applications for capsule endoscopy systems, including those for colon disease, small bowel disease, and esophageal illness, has increased because of technological developments. The same segment is expected to have the highest CAGR in the future due to technological advancements.
  • By Disease Type: The report further provides the segmentation of the global endoscopy market based on the disease type: Small Bowel, Esophageal and Colon. Small Bowel segment acquired dominant share in the market owing to their rising utilization in the diagnosis and screening of medical conditions such as inflammatory bowel disease, Crohn’s disease, obscure GI tract bleeding (OGIB), and small bowel neoplastic lesions. Esophageal segment is expected to have the highest CAGR in the future due to growing preference for less intrusive screening methods.
  • By End User: On the basis of end-user, the report splits the global capsule endoscopy market into three categories: Hospitals, Ambulatory Surgery Centers and Other End-Users. Hospitals segment held the maximum share in the market, because of substantially large adoption, utilization of capsule endoscopy services, and such endoscopes in the hospitals compared to the other healthcare systems. Also, Other End-Users is predicted to have the highest CAGR in the future which encompasses clinical, educational and others sectors.
Geographic Coverage:

According to this report, the global capsule endoscopy market can be divided into four major regions: North America, Asia Pacific, Europe, and Rest of the World. The countries covered in North America region are the US, Canada, and Mexico, while Europe includes Germany, UK, France, Italy, Spain and Rest of Europe. Moreover, China, Japan, India, South Korea and Rest of Asia Pacific are included in the Asia Pacific region.

The North America capsule endoscopy market enjoyed the highest market share, primarily owing to rising preference for minimally invasive screening procedures, along with the adoption of technologically enhanced products and systems. While the US continues to be a prominent region of North America capsule endoscopy market, accounting to the growing preference for minimally invasive surgeries and technological advancements.

Top Impacting Factors:

Growth Drivers
  • Increasing Geriatric Population
  • Rising Expenditure Capacities Of The Consumers
  • Rising Adoption Of Minimally Invasive Surgical Interventions
  • Awareness Regarding The Availability Of Painless And MI Visualization Procedures
Challenges
  • Limitations Related To The Application Of Capsule Endoscopy
  • Shortage Of Trained Doctors
Trends
  • Integration of Artificial Intelligence (AI) in Capsule Endoscopy
  • Technological Advancements
  • Better-designed Wireless Capsules
  • Driver: Rising Adoption Of Minimally Invasive Surgical Interventions
The range of applications for capsule endoscopy systems, including those for colon disease, small bowel disease, and esophageal illness, has increased due to technological developments. Technological advancements have enhanced the traditional endoscopy's diagnostic, monitoring, and viewing capabilities. New varieties of capsule endoscopes, including those for the small intestine, colon, and oesophagus, have been developed as a result of advanced technologies. Product manufacturers are also developing user-friendly and high-resolution cameras with a 360-degree panoramic view. Endoscopy now has a high level of accuracy, safety, and precision thanks to advancements that would have been difficult to attain only a few years ago. The video scope and the capsule endoscope have replaced the fibreoptic endoscope (fiberscope) period recently.
  • Challenge: Limitations Related To The Application Of Capsule Endoscopy
The market expansion of capsule endoscopy is hampered by some of its limitations, such as capsule retention and utilization restricted to diagnostic purposes. Endoscopic retrieval or surgical excision may be necessary to reduce the chance of capsule retention. Also, problems in some sections of the intestine are ignored due to the capsule's fast transit and blurry, unreadable images. Images may be distorted by food or stool residue. The main danger of capsule endoscopy is small bowel device retention. Patients who undergo the test to check for bleeding run a very low risk—between one and two percent—of bleeding. Patients with Crohn's disease may see a four to five percent increase in risk. However, it is projected that the retention rate would decrease with technology developments and better designed wireless capsules, which will spur the capsule endoscopy market expansion.
  • Trend: Integration of Artificial Intelligence (AI) in Capsule Endoscopy
Artificial intelligence (AI) is expected to act as one of the main drivers for the success of capsule endoscopy. The integration of various technological advancements in capsule endoscopy to improve its reading experience, accuracy, and diagnostic capability is expected to further propel the market growth. The development of Wi-Fi-enabled capsules with longer battery life and better camera quality to increase diagnostic capabilities of capsule endoscopy is also projected to accelerate the industry growth. As the awareness regarding the benefits of painless and minimal invasive (MI) techniques of diagnosis that do not involve sedation is growing, the demand for capsule endoscopy is expected to surge. Furthermore, the increasing prevalence of gastrointestinal disorders and colorectal cancer globally are anticipated to provide a further impetus to the market growth. Several other factors, including the rising expenditure capacities and the improvement in the healthcare industry, are anticipated to strengthen the growth of the global endoscopy industry over the forecast period.

The COVID-19 Analysis:

The COVID-19 pandemic has had a negative impact on the market, resulting in the rescheduling, postponement, or cancellation of elective surgeries. In addition, supply chain disruptions and changes in the regulatory scenario to combat infection caused by the COVID-19 virus have hampered market growth during the COVID-19 pandemic. Furthermore, due to the pandemic, medical professionals' training in capsule endoscopy was limited. According to a 2021 article published in BMJ Journals, due to pandemic situations, some institutions have implemented e-learning modules for capsule endoscopy training and plan to return to traditional training patterns after the pandemic.

Analysis of Key Players:

The capsule endoscopy market is concentrated with the presence of a few number of players majorly dominating worldwide. Key players of the capsule endoscopy market are:
  • FUJIFILM Holdings Corporation,
  • Olympus Corporation,
  • Medtronic plc,
  • CapsoVision,
  • Check-Cap Ltd.,
  • Chongqing Jinshan Science & Technology (Group) Co., Ltd.,
  • Shangxian Minimal Invasive Inc.,
  • RF Co. Ltd.
  • AnX Robotica Corp,
  • IntroMedic Co.,Ltd.
The key players are constantly investing in strategic initiatives, such as new product launches, introducing their products to emerging markets and more, to maintain a competitive edge in this market. For instance, in May 2021, Olympus Corporation Japan has agreed to acquire Medi-Tate Ltd. (Israel) Olympus was allowed to provide the in-office treatment for benign prostatic hyperplasia as part of the acquisition BPH. Also, in August 2020, Olympus Corporation (Japan) has decided to acquire Arc Medical Design Ltd. (UK) Olympus was able to increase the growth of gastrointestinal therapeutic devices, develop advanced colonoscopy tools, and enhance the early detection and treatment of colorectal cancer in the future of the acquisition.


1. Executive Summary
2. Introduction
2.1 Capsule Endoscopy: An Overview
2.1.1 Benefits of Capsule Endoscopy Procedure
Table 1: Benefits of Capsule Endoscopy Procedure
2.2 Capsule Endoscopy Segmentation: An Overview
2.2.1 Capsule Endoscopy Segmentation
Table 2: Capsule Endoscopy Segmentation
3. Global Market Analysis
3.1 Global Capsule Endoscopy Market: An Analysis
3.1.1 Global Capsule Endoscopy Market: An Overview
3.1.2 Global Capsule Endoscopy Market by Value
Table 3: Global Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 4: Global Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
3.1.3 Global Capsule Endoscopy Market by Product (Systems and Capsule Endoscopes)
Table 5: Global Capsule Endoscopy Market by Product; 2021 (Percentage, %)
3.1.4 Global Capsule Endoscopy Market by Disease Type (Small Bowel, Esophageal and Colon)
Table 6: Global Capsule Endoscopy Market by Disease Type; 2021 (Percentage, %)
3.1.5 Global Capsule Endoscopy Market by End User (Hospitals, Ambulatory Surgery Centers and Other End-Users)
Table 7: Global Capsule Endoscopy Market by End User; 2021 (Percentage, %)
3.1.6 Global Capsule Endoscopy Market by Region (North America, Europe, Asia Pacific and Rest of the World)
Table 8: Global Capsule Endoscopy Market by Region; 2021 (Percentage, %)
3.2 Global Capsule Endoscopy Market: Product Analysis
3.2.1 Global Capsule Endoscopy Market by Product: An Overview
3.2.2 Global System Capsule Endoscopy Market by Value
Table 9: Global System Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 10: Global System Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
3.2.3 Global Capsule Endoscopes Market by Value
Table 11: Global Capsule Endoscopes Market by Value; 2017-2021 (US$ Million)
Table 12: Global Capsule Endoscopes Market by Value; 2022-2027 (US$ Million)
3.3 Global Capsule Endoscopy Market: Disease Type Analysis
3.3.1 Global Capsule Endoscopy Market by Disease Type: An Overview
3.3.2 Global Small Bowel Capsule Endoscopy Market by Value
Table 13: Global Small Bowel Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 14: Global Small Bowel Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
3.3.3 Global Esophageal Capsule Endoscopy Market by Value
Table 15: Global Esophageal Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 16: Global Esophageal Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
3.3.4 Global Colon Capsule Endoscopy Market by Value
Table 17: Global Colon Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 18: Global Colon Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
3.4 Global Capsule Endoscopy Market: End User Analysis
3.4.1 Global Capsule Endoscopy Market by End User: An Overview
3.4.2 Global Hospitals Capsule Endoscopy Market by Value
Table 19: Global Hospitals Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 20: Global Hospitals Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
3.4.3 Global Ambulatory Surgery Centers Capsule Endoscopy Market by Value
Table 21: Global Ambulatory Surgery Centers Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 22: Global Ambulatory Surgery Centers Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
3.4.4 Global Other End-User Capsule Endoscopy Market by Value
Table 23: Global Other End-User Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 24: Global Other End-User Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
4. Regional Market Analysis
4.1 North America Capsule Endoscopy Market: An Analysis
4.1.1 North America Capsule Endoscopy Market: An Overview
4.1.2 North America Capsule Endoscopy Market by Value
Table 25: North America Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 26: North America Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
4.1.3 North America Capsule Endoscopy Market by Product (Systems and Capsule Endoscopes)
Table 27: North America Capsule Endoscopy Market by Product; 2021 (Percentage, %)
4.1.4 North America Systems Capsule Endoscopy Market by Value
Table 28: North America Systems Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 29: North America Systems Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
4.1.5 North America Capsule Endoscopes Market by Value
Table 30: North America Capsule Endoscopes Market by Value; 2017-2021 (US$ Million)
Table 31: North America Capsule Endoscopes Market by Value; 2022-2027 (US$ Million)
4.1.6 North America Capsule Endoscopy Market by Region (The US, Canada and Mexico)
Table 32: North America Capsule Endoscopy Market by Region; 2021 (Percentage, %)
4.1.7 The US Capsule Endoscopy Market by Value
Table 33: The US Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 34: The US Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
4.1.8 The US Capsule Endoscopy Market by Product (Systems and Capsule Endoscopes)
Table 35: The US Capsule Endoscopy Market by Product; 2021 (Percentage, %)
4.1.9 The US Systems Capsule Endoscopy Market by Value
Table 36: The US Systems Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 37: The US Systems Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
4.1.10 The US Capsule Endoscopes Market by Value
Table 38: The US Capsule Endoscopes Market by Value; 2017-2021 (US$ Million)
Table 39: The US Capsule Endoscopes Market by Value; 2022-2027 (US$ Million)
4.1.11 Mexico Capsule Endoscopy Market by Value
Table 40: Mexico Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 41: Mexico Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
4.1.12 Canada Capsule Endoscopy Market by Value
Table 42: Canada Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 43: Canada Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
4.2 Europe Capsule Endoscopy Market: An Analysis
4.2.1 Europe Capsule Endoscopy Market: An Overview
4.2.2 Europe Capsule Endoscopy Market by Value
Table 44: Europe Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 45: Europe Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
4.2.3 Europe Capsule Endoscopy Market by Product (Systems and Capsule Endoscopes)
Table 46: Europe Capsule Endoscopy Market by Product; 2021 (Percentage, %)
4.2.4 Europe Systems Capsule Endoscopy Market by Value
Table 47: Europe Systems Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 48: Europe Systems Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
4.2.5 Europe Capsule Endoscopes Market by Value
Table 49: Europe Capsule Endoscopes Market by Value; 2017-2021 (US$ Million)
Table 50: Europe Capsule Endoscopes Market by Value; 2022-2027 (US$ Million)
4.2.6 Europe Capsule Endoscopy Market by Region (Germany, France, UK, Italy, Spain and Rest of Europe)
Table 51: Europe Capsule Endoscopy Market by Region; 2021 (Percentage, %)
4.2.7 Germany Capsule Endoscopy Market by Value
Table 52: Germany Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 53: Germany Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
4.2.8 UK Capsule Endoscopy Market by Value
Table 54: UK Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 55: UK Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
4.2.9 France Capsule Endoscopy Market by Value
Table 56: France Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 57: France Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
4.2.10 Italy Capsule Endoscopy Market by Value
Table 58: Italy Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 59: Italy Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
4.2.11 Spain Capsule Endoscopy Market by Value
Table 60: Spain Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 61: Spain Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
4.2.12 Rest of Europe Capsule Endoscopy Market by Value
Table 62: Rest of Europe Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 63: Rest of Europe Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
4.3 Asia Pacific Capsule Endoscopy Market: An Analysis
4.3.1 Asia Pacific Capsule Endoscopy Market: An Overview
4.3.2 Asia Pacific Capsule Endoscopy Market by Value
Table 64: Asia Pacific Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 65: Asia Pacific Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
4.3.3 Asia Pacific Capsule Endoscopy Market by Product (Systems and Capsule Endoscopes)
Table 66: Asia Pacific Capsule Endoscopy Market by Product; 2021 (Percentage, %)
4.3.4 Asia Pacific Systems Capsule Endoscopy Market by Value
Table 67: Asia Pacific Systems Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 68: Asia Pacific Systems Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
4.3.5 Asia Pacific Capsule Endoscopes Market by Value
Table 69: Asia Pacific Capsule Endoscopes Market by Value; 2017-2021 (US$ Million)
Table 70: Asia Pacific Capsule Endoscopes Market by Value; 2022-2027 (US$ Million)
4.3.6 Asia Pacific Capsule Endoscopy Market by Region (China, Japan, India, South Korea and Rest of Asia Pacific)
Table 71: Asia Pacific Capsule Endoscopy Market by Region; 2021 (Percentage, %)
4.3.7 China Capsule Endoscopy Market by Value
Table 72: China Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 73: China Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
4.3.8 India Capsule Endoscopy Market by Value
Table 74: India Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 75: India Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
4.3.9 Japan Capsule Endoscopy Market by Value
Table 76: Japan Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 77: Japan Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
4.3.10 South Korea Capsule Endoscopy Market by Value
Table 78: South Korea Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 79: South Korea Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
4.3.11 Rest of Asia Pacific Capsule Endoscopy Market by Value
Table 80: Rest of Asia Pacific Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 81: Rest of Asia Pacific Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
4.4 Rest of the World Capsule Endoscopy Market: An Analysis
4.4.1 Rest of the World Capsule Endoscopy Market: An Overview
4.4.2 Rest of the World Capsule Endoscopy Market by Value
Table 82: Rest of the World Capsule Endoscopy Market by Value; 2017-2021 (US$ Million)
Table 83: Rest of the World Capsule Endoscopy Market by Value; 2022-2027 (US$ Million)
5. Impact of COVID-19
5.1 Impact of COVID-19
5.1.1 Impact of COVID-19 on Capsule Endoscopy Market
5.1.2 Post COVID-19 Impact
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Increasing Geriatric Population
Table 84: Global Population 65 Years and Above; 2017-2021 (Million)
6.1.2 Rising Expenditure Capacities of the Consumers
Table 85: Global GNI per Capita; 2016-2020 (US$ Million)
6.1.3 Upsurge in Healthcare Expenditure
Table 86: Global Healthcare Expenditure Based on Future of Health Trends; 2019-2040 (US$ Trillion)
6.1.4 Increasing Prevalence of Gastrointestinal Disorders, Colorectal Cancer and Small Intestinal Disorders
6.1.5 Rising Adoption of Minimally Invasive Surgical Interventions
6.1.6 Awareness Regarding the Availability of Painless and MI Visualization Procedures
6.2 Challenges
6.2.1 Limitations Related To the Application of Capsule Endoscopy
6.2.2 Shortage of Trained Doctors
6.3 Market Trends
6.3.1 Integration of Artificial Intelligence (AI) in Capsule Endoscopy
Table 87: Global Artificial Intelligence Market Revenue; 2020-2024 (US$ Billion)
6.3.2 Technological Advancements
6.3.3 Better-designed Wireless Capsules
7. Competitive Landscape
7.1 Global Capsule Endoscopy Market Players: Financial Comparison
Table 88: Global Capsule Endoscopy Market Players: A Financial Comparison
7.2 Global Capsule Endoscopy Market Players: R&D Expenses Comparison
Table 89: Global Capsule Endoscopy Market Players by R&D Expenses; 2020-2022 (US$ Million)
8. Company Profiles
8.1 Olympus Corporation
8.1.1 Business Overview
8.1.2 Operating Segment
Table 90: Olympus Corporation Revenue by Segments; 2022 (Percentage, %)
8.1.3 Business Strategy
8.2 FUJIFILM Holdings Corporation
8.2.1 Business Overview
8.2.2 Operating Segments
Table 91: FUJIFILM Holdings Corporation Revenue by Segment; 2021 (Percentage, %)
8.2.3 Business Strategy
8.3 Medtronic plc.
8.3.1 Business Overview
8.3.2 Operating Segment
Table 92: Medtronic plc. Revenue by Segments; 2022 (Percentage, %)
8.3.3 Business Strategy
8.4 Chongqing Jinshan Science & Technology (Group) Co., Ltd.
8.4.1 Business Overview
8.4.2 Business Strategy
8.5 CapsoVision
8.5.1 Business Overview
8.5.2 Business Strategy
8.6 Check-Cap Ltd.
8.6.1 Business Overview
8.6.2 Business Strategy
8.7 AnX Robotica Corp
8.7.1 Business Overview
8.7.2 Business Strategy
8.8 Shangxian Minimal Invasive Inc.
8.8.1 Business Overview
8.9 IntroMedic Co.,Ltd.
8.9.1 Business Overview
8.10 RF Co. Ltd.
8.10.1 Business Overview

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