Capsule Endoscope Systems Market
Capsule Endoscopy Systems Market Analysis By Product (Small Bowel, Esophageal & Colon Capsule Endoscopy Systems) By Application (OGIB, Crohn’s Disease, Small Intestine Tumor & Others) By End-User and Region – Global Market Insights 2022 to 2027
Capsule Endoscope Systems Market Outlook (2022-2027)
The global capsule endoscope systems market currently accounts for a valuation of US$ 465 million and is expected to reach US$ 695 million by the end of 2027. This is because global demand for capsule endoscope systems is predicted to increase at a high-value CAGR of 8.3% from 2022 to 2027.
Sales of small bowel capsules are expected to rise at a CAGR of 8% over the forecast period. Growing usage of small bowel capsules by medical and healthcare professionals for speedier and more precise diagnosis of chronic diseases is driving market demand considerably.
Capsule Endoscope Systems Market Size (2022)
US$ 465 Million
Projected Market Value (2027)
US$ 695 Million
Global Market Growth Rate (2022-2027)
Market Share of Small Bowel Capsules
Key Companies Profiled
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Revenue Analysis of Capsule Endoscope Systems (2017-2021) Vs. Market Outlook (2022-2027)
“Rising Need for Capsule Endoscope Systems for Effective Diagnosis of Gastrointestinal Disorders”
Using a capsule endoscope, the digestive system is inspected. A small camera is contained in a vitamin-sized capsule used for capsule endoscopy. Once the patient has ingested the capsule, the tiny camera records several photos that are sent to a recorder on the patient's given waist belt. With the aid of capsule endoscopy, medical professionals can accurately and effectively diagnose infections and gastrointestinal disorders.
One of the main drivers of the market growth is their effectiveness in identifying a variety of digestive problems, including Crohn's disease, small intestine tumors, celiac disease, and mysterious gastrointestinal haemorrhage among other conditions of the digestive system.
The market for capsule endoscopy is expanding in numerous regions of the world as a consequence of supportive government initiatives to expand modern lines of treatment and the introduction of technologically advanced diagnostic tools such as endoscopes.
Departments of public health are providing funding, technical assistance, and labor to establish endoscopic testing facilities as part of public health initiatives. These activities are boosting the endoscopes market growth.
According to Fact.MR, a market research and competitive intelligence provider, sales of capsule endoscope systems are projected to increase at a CAGR of 8.3% from 2022 to 2027.
What’s Driving Sales of Capsule Endoscope Systems?
“Rapid Innovation in Capsule Endoscope Systems”
The variety of applications for capsule endoscopy systems has increased due to advancements in technology. The diagnosis, monitoring, and imaging capabilities of conventional endoscopy have been enhanced by technological innovation.
New types of capsule endoscopes have been developed as a result of advanced technologies, including the oesophagus, colon, and small bowel endoscopes, among others. The enhancements have raised the degree of endoscopy's efficiency, safety, and accuracy.
Additionally, the increased number of R&D efforts for product development will likely lead to the commercialization of technologically advanced and innovative items throughout the forecast period.
The global market for capsule endoscope systems is expanding as a consequence of the increasing use of these procedures due to its advantages, including painless visualization of gastrointestinal tract pictures, accurate diagnosis, and quicker findings.
Additionally, the longer battery life, Wi-Fi-enabled devices, simple transmission, higher frame rates, greater data storage capabilities, ergonomic designs, and improved image quality that come with capsule endoscopy are also anticipated to help the market development throughout the projection period.
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Which Key Challenges are Faced by Capsule Endoscope System Providers?
“High Price of Treatments & Limited Reimbursement Policies”
The chance that the capsule will become "stuck" in the digestive system is still low. Additionally, there is a danger of bleeding if the capsule travels via a tube that has been injured or inflamed. Although intestinal obstruction during capsule endoscopy is rare, it may be necessary to inject an emollient purgative, such as polypropylene glycol, to aid the capsule's movement. A less common procedure that can gently push the capsule through the blockage site is double-balloon enteroscopy.
Some of the factors that are projected to impede the growth of the worldwide capsule endoscopy market include the high price of diagnostic methods and insufficient reimbursement policies.
The main obstacles preventing the market from expanding are the high cost of the recent technological instruments, the risk of capsule retention inside the patient's body, and the shortage of experienced specialists.
How Can New Companies Penetrate the Capsule Endoscope Systems Industry?
“Emerging Market Players Focusing on Manufacturing AI-based Medical Diagnostic Solutions”
Millions of people experience discomfort from gastrointestinal diseases, which can sometimes be fatal. The illnesses range from cancer to treatable acid reflux. A patient's chances of recovering drastically increase with early detection and treatment of possible cancers.
New companies provide AI-based medical diagnostic solutions that address gastroenterological problems early on because they offer a rapid response in diagnostics results.
- A Poland-based start-up, BioCam, offers an endoscopic capsule for imaging the digestive tract with AI-powered software for automatic detection and real-time assessment of potential hazards. This new entrant aims to increase patient comfort while also lowering the cost and accessibility of capsule endoscopy.
Which Region Should Capsule Endoscope System Suppliers Invest In?
“Growing Usage of Wireless Capsule Endoscope Systems in North America”
North America holds the highest share in the capsule endoscope systems market. Growing usage of wireless capsule endoscope systems, the rising demand for minimally invasive screening procedures, an increase in technologically advanced products and systems, and improvements in healthcare infrastructure are the factors driving the market revenue in the region.
The market opportunity for capsule endoscopy systems is growing in the region as a result of the presence of top capsule endoscopy companies and increased awareness about early screening for diseases such as gastrointestinal disorders, cancer, and other chronic problems.
How Lucrative is the U.S. Capsule Endoscope Systems Market?
“Rising Investments in Healthcare Infrastructure Driving Market Value in the U.S.”
Increasing prevalence of GI diseases and colorectal cancer, attractive reimbursement policies, and recent developments in capsule endoscope systems are the factors driving the capsule endoscope systems market expansion in the U.S.
Rising adoption of smart capsule endoscopy systems, rapid implementation of small bowel capsule endoscopy systems, rising investments in the healthcare infrastructure, and growth opportunities in capsule endoscope systems are driving the market growth in the U.S.
What is Supporting Capsule Endoscope Systems Market Growth in China?
“Rising Initiatives by Government Organizations to Promote Capsule Endoscopy”
The capsule endoscope systems market in China is anticipated to increase at a CAGR of 12% from 2022 to 2027. The aging population, increasing use of advanced endoscopic procedures, and rising initiatives by government organizations to promote capsule endoscopy are the main elements boosting the market value in China.
Rising demand for screening treatments utilising capsule-based endoscopic technologies, growing usage of capsule endoscopy devices, the existence of key market players, and the dynamic start-up environment are the factors fostering market expansion in China.
Why is Demand for Small Bowel Capsules Surging?
“Growing Preference for Less-Intrusive Screening Method”
Based on product, the capsule endoscope systems market is divided into small bowel capsules, esophageal capsules, and colon capsules. Small bowel capsules account for 70% share of the global capsule endoscope systems market.
Demand for small bowel capsules is expected to rise over the coming years due to their increasing use in the diagnosis and screening of chronic medical conditions. The use of small bowel capsules is predicted to rise during the forecast period due to a growing preference for less intrusive screening methods.
Which Application Accounts for a Major Market Share?
“Rapid Implementation of Capsule Endoscope Systems in OGIB Applications for Inspection of Entire Small Intestine”
Based on application, the capsule endoscope systems market is segmented into small intestine tumor, OGIB, Crohn’s disease, and others. The largest share of the global market is held by OGIB (obscure gastrointestinal bleeding) because of all the benefits that capsule endoscopy offers for diagnosing and finding OGIB.
Capsule endoscopes are also being used more frequently for OGIB because they offer benefits such as real-time imaging, picture taking, an inspection of the entire small intestine, and reliable and accurate results. The emergence of capsule-based endoscopic screening for OGIB, as opposed to more traditional techniques, is also changing trends and helping the segment grow.
Why are Capsule Endoscope Systems Most Widely Used in Hospitals?
“Growing Adoption of Advanced Capsule Endoscopy Solutions in Hospitals”
Based on end user, the market is classified into hospitals, ambulatory surgery centers, and others. The use of capsule endoscope systems in hospitals is projected to increase at a significant CAGR over the forecast period.
Rising adoption of advanced capsule endoscopy solutions and disposable endoscopes by hospitals driving market demand. The generous reimbursement policies by government organizations are also contributing to the market expansion. Additionally, because hospitals are typically the principal healthcare providers in most countries, more screenings are conducted there, indicating increased uptake and demand.
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Key companies are focusing on broadening their product lines and growing their market share. The increased demand for capsule-based endoscopes and endoscopic systems for different screening and diagnostic procedures has created intense competition among the existing providers. Furthermore, the competition is getting more intense due to technological advancements in the field of endoscopy made by key players.
For instance :
- In 2021, the ENDO-AID product, developed by Olympus Corporation, enabled the real-time presentation of automatically discovered worrisome lesions. The EVIS X1, Olympus' most advanced endoscopic system to date, and ENDO-AID, are compatible.
Key Segments in Capsule Endoscope Systems Industry Research
By Product :
- Small Bowel Capsules
- Esophageal Capsules
- Colon Capsules
By Application :
- OGIB (Obscure Gastrointestinal Bleeding)
- Crohn’s Disease
- Small Intestine Tumor
By End User :
- Ambulatory Surgery Centers
By Region :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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