Global Capsule Endoscopy Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Capsule Endoscopy Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Capsule endoscopy is a process that involves swallowing small capsules the size of a large vitamin pill. There is a miniature wireless camera inside the capsule, which is a medical instrument used to examine the human intestines. The capsule endoscope can enter the human body and is used to spy on the health status of the human body's stomach and esophagus. It is used to help doctors diagnose diseases of the patient's digestive tract.

Market Overview:

The latest research study on the global Capsule Endoscopy market finds that the global Capsule Endoscopy market reached a value of USD 353.39 million in 2022. It’s expected that the market will achieve USD 613.52 million by 2028, exhibiting a CAGR of 9.63% during the forecast period.

Influence of COVID-19 Outbreak on Capsule Endoscopy Industry Development

COVID-19 has a short-term impact on the supply chain. Components include housings, optical windows, LED arrays, optical lenses, CMOS image sensors, radio frequency transmitters, antennas, and power supplies. These productions require a supply chain, and home isolation and shutdown policies will affect the production cycle and logistics costs, which will have a short-term negative impact on products. In the short term, it will also affect the capital market and investors' investment confidence, which will have a negative impact on the company's subsequent financing.
During the COVID-19 period, capsule endoscopy can be used as a contactless solution, including single use, low risk of cross-infection, good tolerance, low risk of aerosol generation, and minimum medical staff requirements (only one staff member) And so on. People can realize the advantages of capsule endoscopy, and the improvement of related understanding will help increase the subsequent demand.

Drivers

Aging increases the risk of gastrointestinal diseases, such as CRC, inflammatory bowel disease, and appendicitis. As the global aging trend increases, the probability of gastrointestinal diseases increases, people's demand for related treatments increases, and the demand for capsule endoscopy as a tool for diagnosis and treatment will also increase.
As people’s personal disposable income increases, people’s requirements for treatment comfort increase. Many existing endoscopy methods can make the patient very uncomfortable and may even feel painful. At the same time, the available range of using conventional endoscopes is also limited, and most of the small intestine cannot be entered. However, the capsule endoscope is used as a form of swallowable medicine to investigate abnormal symptoms in the esophagus, stomach, small part of the small intestine, and colon. The comfort is increased, and the doctor's treatment range is expanded. This will promote the development of the industry.

Region Overview:

From 2022-2027, Middle East & Africa is estimated to witness robust growth prospects.

Company Overview:

Medtronic Plc is one of the major players operating in the Capsule Endoscopy market, holding a share of 57.04% in 2021.One of the world's largest medical technology companies, mainly providing life-long treatment plans for patients with chronic diseases, including the production of medical devices.

Olympus Corporation

A company specializing in optics and imaging. Products include microscopes, endoscopes and other medical equipment.

Segmentation Overview:

Among different product types, Small Bowel Capsule segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Hospitals segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Capsule Endoscopy market covered in Chapter 3:

Medtronic Plc
Chongqing Jinshan Science and Technology
Olympus Corporation
Ankon
Capsovision
IntroMedic

In Chapter 4 and Chapter 14.2, on the basis of types, the Capsule Endoscopy market from 2018 to 2029 is primarily split into:

Small Bowel Capsule
Esophageal Capsule
Colon Capsule

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Capsule Endoscopy market from 2018 to 2029 covers:

Hospitals
Clinics

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)