Global Capsule Robot (Medical Wireless Endoscopy) Market by Type (Internal Drive Type, Magnetic Drive Type), By Application (Rectal Cancer, Stomach Cancer, Digestive Tract Disease) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global capsule robot market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of gastrointestinal diseases, technological advancements in capsule robots, and rising demand for minimally invasive surgeries. Based on type, the global capsule robot market is segmented into internal drive type and magnetic drive type. The internal drive type segment is expected to account for a larger share of the global market than the magnetic drive type segment during the forecast period. This can be attributed to factors such as lower cost and easy availability of internal drives as compared with external or magnetic drives. Based on application, the global capsule robot market is divided into rectal cancer surgery, stomach cancer surgery, and digestive tract disease diagnosis/treatment applications.



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Product Definition:

A Capsule Robot is a medical wireless endoscopy device that is used to inspect and diagnose problems inside the body. The device consists of a small, pill-shaped robot that transmits images and other data from inside the body to a remote computer. This allows doctors to view areas of the body that are difficult or impossible to see with traditional endoscopes. The Capsule Robot can also be used to deliver drugs or other treatments directly to affected areas.

Internal Drive Type:

Internal drive type capsule robot (medical wireless endoscopy) market is used for medical procedures where direct visualization of the internal body organs is required. The capsule has a small HD camera and light source, which are mounted on a flexible neck. It works like an endoscope but instead of being rigid it's soft and can be swallow by the patient itself. This allows doctors to examine the inner part of patient’s body without having to touch or go near them.

Magnetic Drive Type:

Magnetic drive type is used in capsule robot (medical wireless endoscopy) for moving capsule along with magnetic field. It's major application is to reach posterior pharynx and esophagus.

Other applications of magnetic drive include reaching kidney, gall bladder and pancreas, removing sutures from wound site, stimulating heart muscle cells to grow & repair damaged heart tissue & increasing blood flow in case of cardiac arrest or congestive failure.

Application Insights:

The market is segmented by application into the rectal cancer, stomach cancer, digestive tract disease and others. The other applications include urology and gynecology. The demand for MCRs is increasing owing to their ability to provide accurate diagnosis in difficult-to-reach areas of the body such as the anus and vagina. Capsule robot endoscopes are also used for diagnostic purposes in urology & gynecology due to advanced imaging capabilities offered by these devices. However, high cost associated with these devices may hinder its adoption in this field over the forecast period.

In 2017, gastrointestinal tract disease dominated the global market with a share of around 24% owing to an increase in number of patients suffering from chronic diseases such as Crohn¢â‚¬â„¢s disease or ulcerative colitis across various regions including North America.

Regional Analysis:

North America dominated the global market in 2017 owing to the increasing prevalence of cancer and other diseases in this region. For instance, as per statistics released by American Cancer Society, Inc., around 1,762,780 new cases of cancer were registered in U.S. during 2016; among which prostate was mentioned as the most prevalent (1,542,880), followed by breast (834,910) and colon cancer (296,920). Thus it can be seen that a large number of patients are diagnosed with various forms of cancers every year; hence leading to an increase demand for capsule robot endoscopy systems used for diagnostic purposes.

Asia Pacific is expected to grow at a lucrative rate over the forecast period due to factors such as improving healthcare infrastructure & availability of advanced technologies coupled with rising patient awareness levels regarding available treatment options leading to better diagnosis resulting improved therapeutic outcomes thus positively influencing market growth rates.

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 growth can be attributed to the increasing number of geriatric population, rising prevalence of chronic diseases, and technological advancements in surgical procedures. Capsule Robot (Medical Wireless Endoscopy) finds application in minimally invasive surgeries and is expected to benefit from this growth trend.
Growing demand for image-guided surgery: Image-guided surgery is a type of surgery that uses images taken during the procedure to guide the surgeon's movements. This type of surgery helps reduce surgical errors and improve patient outcomes. Capsule Robot (Medical Wireless Endoscopy) finds application in image-guided surgeries and is expected to benefit from this growing demand trend.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Capsule Robot (Medical Wireless Endoscopy) Market Research Report
By Type
Internal Drive Type, Magnetic Drive Type
By Application
Rectal Cancer, Stomach Cancer, Digestive Tract Disease
By Companies
Medtronic, Olympus Corporation, Shenzhen Zifu Medical Technology, Jinshan Group, Ankon, Hangzhou Hitron Technologies Ltd, IntroMedic
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
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.

Global Capsule Robot (Medical Wireless Endoscopy) Market Report Segments:
The global Capsule Robot (Medical Wireless Endoscopy) market is segmented on the basis of:
Types
Internal Drive Type, Magnetic Drive Type
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
Rectal Cancer, Stomach Cancer, Digestive Tract Disease
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 Corporation
Shenzhen Zifu Medical Technology
Jinshan Group
Ankon
Hangzhou Hitron Technologies Ltd
IntroMedic



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Highlights of The Capsule Robot (Medical Wireless Endoscopy) 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:
Internal Drive Type
Magnetic Drive Type
By Application:
Rectal Cancer
Stomach Cancer
Digestive Tract Disease
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 Robot (Medical Wireless Endoscopy) 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.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



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

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