The Global Capsule Endoscopy Market size is projected to grow at a CAGR of around 10.42% during the forecast period, i.e., 2022-27. According to MarkNtel Advisors Study.

Global Capsule Endoscopy Market Driver:

Rising Demand for Minimally Invasive Diagnostic Procedure to Drive the Market: The rising adoption of minimally invasive diagnostic procedures has propelled the utilization of capsule endoscopic systems & wireless capsules during the historical years. The growing burden of chronic ailments such as a small intestine tumor, formation of polyps in the bowel, Obscure gastrointestinal diseases, and Crohn’s disorder was the prominent reason for the growth of the Capsule Endoscopy market across various geographies. In addition, these minimally invasive diagnostic procedures provide more accurate & precise results as compared to conventional techniques, which supports their greater adoption among healthcare professionals.

Moreover, the integration of advanced technologies such as artificial intelligence & deep learning methods is further expected to escalate the market in the coming years, owing to more reliability, proven results, and accurate detection of any possible disorder at an early stage.

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Key Market Reports Highlights

·        Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global Capsule Endoscopy Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2021

-Historical Period: 2017 to 2020

-Forecast Period: 2022 to 2027

• By Capsule Type
• Small Bowel Capsule
• Colon Capsule
• Oesophageal Capsule
• By Component
• Software
• Hardware
• Ingestible Capsule
• Sensor Belt
• Sensor Array
• Data Recorder
• By Application
• Obscure GI bleeding (OGIB)
• Oesophageal Disease
• Iron Deficiency Anaemia
• Inflammatory Bowel Diseases
• Celiac Disease
• Crohn’s Disease
• Small bowel tumour and hereditary polyposis syndromes
• Others (Small bowel transplant, Henoch-Schonlein purpura etc.)
• By End User
• Hospitals
• Diagnostic centres
• Ambulatory surgery centres
• Others (Clinics, Home care settings, etc.)
• By Region
• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - Olympus Corporation, Medtronic Plc, CapsoVision Inc, IntroMedic Co., Ltd, Jinshan Group, Check-Cap Ltd., RF System Lab, AnX Robotica are looking forward to strengthening their market positions.

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