Market Overview:
The global capsule endoscopes market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of gastrointestinal diseases, technological advancements in capsule endoscopy devices, and rising demand for minimally invasive procedures. Based on type, the small bowel segment is expected to account for the largest share of the global capsule endoscopes market in 2018. This segment is also projected to grow at a CAGR of 7.8% from 2018 to 2030. The large share and high growth rate of this segment can be attributed to factors such as rising incidence of Crohn’s disease and small intestine tumors across the globe. Based on application, OGIB is estimated to account for the largest share of the global capsule endoscopes market in 2018 followed by Crohn’s disease.
Product Definition:
A capsule endoscope is a small, pill-sized camera that is swallowed to help doctors view the inside of your digestive tract.
Small Bowel:
Small bowel is the innermost segment of the digestive tract. It is also known as bowel, intestinal tube or just gut. Small bowel has a limited capacity to hold food and fluids and thus, digestion occurs in this part mainly due to the activity of gastrointestinal (GI) tract cells that are present in high numbers here. The small intestine can be divided into two parts - Duodenal Ulcer Disease (DUD) & Jejunal ulcer disease (JUD).
Esophageal:
Esophageal is the name for the tube that connects mouth to stomach. It is a long, muscular tube with a small opening at one end and two glands at the other end known as gastric (stomach) acid and reflux (backflow) valve. The esophagus consists of three layers: mucosa, submucosa, and adventitia.
Application Insights:
The other application segment includes the investigation of conditions such as gastroscopy, endoscopy, and others. The use of capsule endoscopes for the diagnosis of gastrointestinal (GI) disorders is expected to witness a CAGR around 10% from 2018 to 2030 owing to increasing adoption in clinical settings.
The introduction of advanced technologies has led to an increase in the number and complexity of procedures performed using these devices. For instance, Crohn¢â‚¬â„¢s disease is one that often requires medical imaging for accurate diagnosis due to its nonspecific symptoms which may include abdominal pain & diarrhea.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period due to increasing incidence of GI disorders, esophageal cancer, and colon cancer. Moreover, growing number of minimally invasive capsule endoscopy procedures are also driving the demand for advanced technologies in this region.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving healthcare infrastructure and rising patient awareness regarding early detection of diseases & cancers. Increasing prevalence of chronic diseases such as diabetes and obesity has led to an increase in gastrointestinal disorders which will further boost product demand during the forecast period (2018-2030). In addition, rapidly developing economy offers numerous opportunities for key players operating in Asia Pacific market space thus leadingto a risein competition among capsule endoscope manufacturers which will ultimately drive innovation & improved products within this industry (Esbriet/Cimzia; Optum X; Boston Scientific Corporation; Medtronic plc.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.5% from 2016 to 2021. This is primarily owing to the advantages offered by these procedures over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. Capsule endoscopes are ideally suited for use in minimally invasive surgeries as they offer a less-invasive option compared to traditional endoscopy techniques.
- Rising prevalence of gastrointestinal diseases: The incidence of gastrointestinal diseases is on the rise due to changing lifestyles and dietary habits. This has led to an increase in the demand for diagnostic and treatment options such as capsule endoscopy.
- Technological advancements: The development of new technologies that improve the performance and functionality of capsule endoscopes is likely to drive market growth over the next few years. For instance, recent advancements in image processing algorithms have made it possible to obtain high-resolution images from inside the small intestine using a single camera sensor embedded in a capsule device (as opposed to multiple sensors used earlier). This has helped reduce scan time by up to 50%.
Scope Of The Report
Report Attributes
Report Details
Report Title
Capsule Endoscopes Market Research Report
By Type
Small Bowel, Esophageal, Colon
By Application
OGIB, Crohn’s, Small Intestine Tumors
By Companies
Medtronic, Olympus, IntroMedic, Chongqing Jinshan Science & Technology, CapsoVision, Fuji Medical Systems, RF, Medtronic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Capsule Endoscopes Market Report Segments:
The global Capsule Endoscopes market is segmented on the basis of:
Types
Small Bowel, Esophageal, Colon
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OGIB, Crohn’s, Small Intestine Tumors
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- Olympus
- IntroMedic
- Chongqing Jinshan Science & Technology
- CapsoVision
- Fuji Medical Systems
- RF
- Medtronic
Highlights of The Capsule Endoscopes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Small Bowel
- Esophageal
- Colon
- By Application:
- OGIB
- Crohn’s
- Small Intestine Tumors
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Capsule Endoscopes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A capsule endoscope is a type of endoscopy that uses a small, thin camera and light to view the inside of the body. Capsule endoscopes are often used to diagnose and treat digestive problems, such as GERD (gastroesophageal reflux disease) or Crohn's disease.
Some of the major companies in the capsule endoscopes market are Medtronic, Olympus, IntroMedic, Chongqing Jinshan Science & Technology, CapsoVision, Fuji Medical Systems, RF, Medtronic.
The capsule endoscopes market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Capsule Endoscopes Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Capsule Endoscopes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Capsule Endoscopes Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Capsule Endoscopes Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Capsule Endoscopes Market Size & Forecast, 2018-2028
4.5.1 Capsule Endoscopes Market Size and Y-o-Y Growth
4.5.2 Capsule Endoscopes Market Absolute $ Opportunity
Chapter 5 Global Capsule Endoscopes Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Capsule Endoscopes Market Size Forecast by Type
5.2.1 Small Bowel
5.2.2 Esophageal
5.2.3 Colon
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Capsule Endoscopes Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Capsule Endoscopes Market Size Forecast by Applications
6.2.1 OGIB
6.2.2 Crohn’s
6.2.3 Small Intestine Tumors
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Capsule Endoscopes Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Capsule Endoscopes Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Capsule Endoscopes Analysis and Forecast
9.1 Introduction
9.2 North America Capsule Endoscopes Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Capsule Endoscopes Market Size Forecast by Type
9.6.1 Small Bowel
9.6.2 Esophageal
9.6.3 Colon
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Capsule Endoscopes Market Size Forecast by Applications
9.10.1 OGIB
9.10.2 Crohn’s
9.10.3 Small Intestine Tumors
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Capsule Endoscopes Analysis and Forecast
10.1 Introduction
10.2 Europe Capsule Endoscopes Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Capsule Endoscopes Market Size Forecast by Type
10.6.1 Small Bowel
10.6.2 Esophageal
10.6.3 Colon
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Capsule Endoscopes Market Size Forecast by Applications
10.10.1 OGIB
10.10.2 Crohn’s
10.10.3 Small Intestine Tumors
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Capsule Endoscopes Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Capsule Endoscopes Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Capsule Endoscopes Market Size Forecast by Type
11.6.1 Small Bowel
11.6.2 Esophageal
11.6.3 Colon
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Capsule Endoscopes Market Size Forecast by Applications
11.10.1 OGIB
11.10.2 Crohn’s
11.10.3 Small Intestine Tumors
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Capsule Endoscopes Analysis and Forecast
12.1 Introduction
12.2 Latin America Capsule Endoscopes Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Capsule Endoscopes Market Size Forecast by Type
12.6.1 Small Bowel
12.6.2 Esophageal
12.6.3 Colon
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Capsule Endoscopes Market Size Forecast by Applications
12.10.1 OGIB
12.10.2 Crohn’s
12.10.3 Small Intestine Tumors
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Capsule Endoscopes Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Capsule Endoscopes Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Capsule Endoscopes Market Size Forecast by Type
13.6.1 Small Bowel
13.6.2 Esophageal
13.6.3 Colon
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Capsule Endoscopes Market Size Forecast by Applications
13.10.1 OGIB
13.10.2 Crohn’s
13.10.3 Small Intestine Tumors
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Capsule Endoscopes Market: Competitive Dashboard
14.2 Global Capsule Endoscopes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Olympus
14.3.3 IntroMedic
14.3.4 Chongqing Jinshan Science & Technology
14.3.5 CapsoVision
14.3.6 Fuji Medical Systems
14.3.7 RF
14.3.8 Medtronic
