Global Capsule Endoscopy Market Research Report: Forecast (2022-2027)

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... ... cation: (Obscure GI bleeding (OGIB), Oesophageal Disease, Iron Deficiency Anaemia, ,Inflammatory Bowel Diseases, Celiac Disease, Crohn’s Disease, Small Bowel Tumour & 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, the Middle East & Africa, Asia-Pacific), By Company (Olympus Corporation, Medtronic Plc, CapsoVision Inc, IntroMedic Co., Ltd, Jinshan Group, Check-Cap Ltd., RF System Lab, AnX Robotica) Read more

  • Healthcare
  • Jun 2022
  • 174
  • PDF, Excel, PPT

Market Definition

Capsule Endoscopy is utilized for the examination of the gastrointestinal tract. It is a vitamin-sized capsule consisting of sensors & small-sized cameras. When the patient swallows the capsule, the tiny camera captures images and videos of the gastrointestinal tract, which are then transmitted to a recorder on the patient's waist belt. The whole process enables the healthcare professionals or surgeons to detect abnormalities or infections in the gastrointestinal tract to provide precise results. Further, the continuous growth in the number of chronic ailments & gastrointestinal disorders are the prominent factors for the market growth of Capsule Endoscopy in the coming years.

Market Insights

The Global Capsule Endoscopy Market is projected to grow at a CAGR of around 10.42% during the forecast period, i.e., 2022-27. The Global Capsule Endoscopy market is expected to witness significant growth during the forecasted period on account of growing healthcare technologies in emerging countries & increasing awareness of the patients regarding minimally invasive technologies. In addition, the precise & accurate early diagnosis of cancer patients would further help the individuals to cater to the diseases on a mass level, eventually impacting the positive growth of capsule endoscopy in the coming years.

Furthermore, on account of increasing gastrointestinal disorders across the world, the market experienced rapid growth during 2017-2021. According to the Centers for Disease Control and Prevention, 14.8 million adults in the US were diagnosed with ulcers accounting for 5.9% of the total population, as of 2018. Furthermore, with the rising prevalence of chronic ailments in the country, such as Ulcerative Colitis, Colorectal Cancer, and Gastrointestinal Bleeding, capsule endoscopy is widely adopted as a minimally invasive procedure as the first-line examination for patients.

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR 10.42%
Regions Covered North America: The US, Canada, Mexico
South America: Brazil, Argentina, Rest of South America
Europe: Germany, The UK, France, Italy, Spain, Russia Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
Middle East & Africa: UAE, Saudi Arabia, South Africa, Egypt, Rest of MEA
Key Companies Profiled Olympus Corporation, Medtronic Plc, CapsoVision Inc, IntroMedic Co., Ltd, Jinshan Group, Check-Cap Ltd., RF System Lab, AnX Robotica
Unit Denominations USD Million/Billion

 

As per the WHO, International Agency for Research on Cancer, around 1.15 million cases of colon cancer were estimated globally & the number is expected to reach 1.82 million by 2040. Therefore, capsule endoscopy experienced significant growth, owing to the less painful & safer procedure as compared to the conventional technologies & proved to be an effective tool for the detection of polyps in the screening settings.

Key Trend in the Market

  • Rising Adoption of Capsule Endoscopy for At-Home Gastrointestinal Screenings

Capsule Endoscopy had received emergency clearance for at-home use due to the outbreak of the COVID-19 pandemic. The rising number of COVID-affected populations halted the ongoing screening processes of Cancer-related & gastrointestinal disorders in 2020, due to which Food and Drug Authority approved the utilization of capsule endoscopy in the home-care settings. Thus, various medical device companies, such as CapoVision, and Medtronic, launched their At-home endoscopic capsules, which could be monitored remotely by the healthcare professionals.

In addition, the rapid adoption of telemedicine or telehealth services to monitor real-time health data & vitals such as pulse, respiration, and temperature, along with screening & diagnostic procedures have propelled the market growth of capsule endoscopy in the forecasted years.

Impact of Covid-19 on the Global Capsule Endoscopy Market

The COVID-19 pandemic negatively impacted the market due to the supply chain disruption & strict lockdown measures imposed during that time. Moreover, the delayed & postponed elective surgeries reduced the number of diagnostic lab procedures related to cancer & gastrointestinal procedures, subsequently impacting the growth of the capsule endoscopy market across the world.

Besides, the market experienced a decline in product demand due to the tremendous healthcare expenditure towards the COVID-19-affected population & related infrastructural developments. However, the market regained its momentum in 2021 & is expected to surge during the forecast period on account of clearing the significant backlogs of required oncological surgeries & the emerging new cases as well.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Executive Summary
  3. Impact of COVID-19 on Global Capsule Endoscopy Market
  4. Global Capsule Endoscopy Market Regulations & Policy
  5. Global Capsule Endoscopy Market Trends & Insights
  6. Global Capsule Endoscopy Market Dynamics
    1. Growth Drivers
    2. Challenges
  7. Global Capsule Endoscopy Market Hotspots & Opportunities
  8. Global Capsule Endoscopy Clinical Trial Analysis
  9. Global Capsule Endoscopy Patent Analysis
  10. Global Capsule Endoscopy Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Market Revenue
    2. Market Share & Analysis
      1.  By Capsule Type
        1. Small Bowel Capsule
        2. Colon Capsule
        3. Oesophageal Capsule
      2. By Component
        1. Software
        2. Hardware
          1. Ingestible Capsule
          2. Sensor Belt
          3. Sensor Array
          4. Data Recorder
      3. By Application
        1. Obscure GI bleeding (OGIB)
        2. Oesophageal Disease
        3. Iron Deficiency Anaemia
        4. Inflammatory Bowel Diseases
        5. Celiac Disease
        6. Crohn’s Disease
        7. Small bowel tumour and hereditary polyposis syndromes
        8. Others (Small bowel transplant, Henoch-Schonlein purpura etc.)
      4. By End User
        1. Hospitals
        2. Diagnostic centres
        3. Ambulatory surgery centres
        4. Others (Clinics, Home care settings, etc.)
      5. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      6. By Company
        1. Competition Characteristics
        2. Revenue Shares
  11. North America Capsule Endoscopy Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Market Revenue
    2. Market Share & Analysis
      1. By Capsule Type
      2. By Component
      3. By Application
      4. By End User
      5. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Capsule Endoscopy Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Capsule Type
        2. By End User
    4. Canada Capsule Endoscopy Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Capsule Type
        2. By End User
    5. Mexico Capsule Endoscopy Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Capsule Type
        2. By End User
  12. South America Capsule Endoscopy Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Market Revenue
    2. Market Share & Analysis
      1. By Capsule Type
      2. By Component
      3. By Application
      4. By End User
      5. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Capsule Endoscopy Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Capsule Type
        2. By End User
    4. Argentina Capsule Endoscopy Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Capsule Type
        2. By End User
  13. Europe Capsule Endoscopy Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Market Revenue
    2. Market Share & Analysis
      1. By Capsule Type
      2. By Component
      3. By Application
      4. By End User
      5. By Country
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    3. Germany Capsule Endoscopy Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Capsule Type
        2. By End User
    4. The UK Capsule Endoscopy Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Capsule Type
        2. By End User
    5. France Capsule Endoscopy Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Capsule Type
        2. By End User
    6. Italy Capsule Endoscopy Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Capsule Type
        2. By End User
    7. Spain Capsule Endoscopy Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Capsule Type
        2. By End User
  14. Middle East & Africa Capsule Endoscopy Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Market Revenue
    2. Market Share & Analysis
      1. By Capsule Type
      2. By Component
      3. By Application
      4. By End User
      5. By Country
        1. UAE
        2. Saudi Arabia
        3. South Africa
        4. Egypt
        5. Rest of MEA
    3. UAE Capsule Endoscopy Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Capsule Type
        2. By End User
    4. Saudi Arabia Capsule Endoscopy Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Capsule Type
        2. By End User
    5. South Africa Capsule Endoscopy Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Capsule Type
        2. By End User
    6. Egypt Capsule Endoscopy Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Capsule Type
        2. By End User
  15. Asia-Pacific Capsule Endoscopy Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Market Revenue
    2. Market Share & Analysis
      1. By Capsule Type
      2. By Component
      3. By Application
      4. By End User
      5. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia
        6. Rest of Asia-Pacific
    3. China Capsule Endoscopy Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Capsule Type
        2. By End User
    4. India Capsule Endoscopy Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Capsule Type
        2. By End User
    5. Japan Capsule Endoscopy Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Capsule Type
        2. By End User
    6. South Korea Capsule Endoscopy Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Capsule Type
        2. By End User
    7. Australia Capsule Endoscopy Market Outlook, 2017-2027F
      1. Market Size & Analysis
        1. Market Revenue
      2. Market Share & Analysis
        1. By Capsule Type
        2. By End User
  16. Global Capsule Endoscopy Market Key Strategic Imperatives for Success & Growth
  17. Competition Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Research & Development
      4. Strategic Alliances
      5. Strategic Initiatives
    2. Company Profiles of top 8 companies (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Olympus Corporation
      2. Medtronic Plc
      3. CapsoVision Inc
      4. IntroMedic Co., Ltd
      5. Jinshan Group
      6. Check-Cap Ltd.
      7. RF System Lab
      8. AnX Robotica
  18. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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