Capsule Endoscopy Market was valued at USD 0.60 Billion in 2018 and is expected to reach USD 1.30 Billion by year 2026 | Reports and Data

By Laura Campbell On Feb 28, 2022

The global Capsule Endoscopy market was valued at USD 0.60 Billion in 2018 and is expected to reach USD 1.30 Billion by year 2026, at a CAGR of 9.0 %. The study covers the capsule endoscopy procedure used for the medical examination of various chronic diseases. Endoscopic capsules are available for a variety of endoscopy processes ranging from gastrointestinal tract inspection, respiratory tract inspection, reproductive tract inspection, etc. Modern capsule endoscopy process is disrupting the market by enabled to have a 360-degree view of the medical inspection.

Rising prevalence of chronic diseases, gastrointestinal infections, peptic ulcers, bowel tumors, abdominal bleeding would result in the growth of the capsule endoscopy market globally. Significant focus of healthcare companies on development of modern technology in capsule endoscopy, availability of public as well private funds for research, and favorable regulatory scenario, are some of the key factors propelling market growth in the industry. However, cost associated in the procedure, availability of other medical examination procedures like ultrasound, global supply chain of the associated equipment, are the major hinderances that would affect the growth of the capsule endoscopy market during 2019-2026.

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Top Companies Profiled in the Report Include:

Olympus Corporation,

RF System Lab,

Given Imaging Ltd.,

Chongqing Jinshan Science & Technology Company,

Fujifilm Corporation,

Intromedic Co Ltd.,

CapsoVision Inc.

Market Overview:

The pharma and healthcare industry has undergone a revolutionary change owing to the COVID-19 pandemic with individuals increasing their focus on health and wellness. Companies operating in the industry have invested heavily in clinical trials and research studies to develop medications to cater to the growing unmet clinical demand on a global level. Implementation of cutting-edge technology in healthcare sector and increasing investment in research and development have contributed significantly to revenue growth of the market in the recent past. In addition, availability of favorable health insurance and reimbursement policies have also positively impacted the healthcare sector with more and more individuals opting to get treatment at hospital and clinical facilities. Rapid development of novel drugs and pharmaceuticals, increasing incidence of lifestyle and chronic diseases, establishment of state-of-the-art healthcare facilities, and rising availability of over-the-counter medications have significantly contributed to the revenue growth of the market.

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The report has gather vital information about recent mergers and acquisitions, joint ventures, collaborations, partnerships, brand promotions, R&D activities, and government and corporate deals, among others through extensive primary and secondary research. The report also offers detailed analysis of each competitor along with their financial standing, global market position, product portfolio, manufacturing and production capacity, and business expansion plans.

The report offers a comprehensive overview of the regional bifurcation of the market with respect to market share, market size, revenue growth, import/export, production and consumption patterns, macro and micro economic growth factors, regulatory framework, investment and funding opportunities, and presence of key players in each region including North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. The report offers a country-wise analysis to further discuss the revenue growth and lucrative growth opportunities for the Capsule Endoscopy market in these key regions.

Country-wise regional analysis covers:

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Spain
- Switzerland
- Russia
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
Latin America
- Brazil
- Rest of LATAM
Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA

Additionally, the report consists a detailed analysis of the segmentation of the Capsule Endoscopy market based on product types and end-use/application offered in the Capsule Endoscopy market –

By Product Type (Revenue, USD Million; 2016–2026)

Colonic capsule
Bowel capsule
Esophageal capsule

By Application Type (Revenue, USD Million; 2016–2026)

Gastrointestinal tract
Respiratory tract
Female reproductive tract
Ear
Urinary tract

By Component Type (Revenue, USD Million; 2016–2026)

Wireless Capsule
Image recorder
Image workstation

By End Use (Revenue, USD Million; 2016–2026)

Hospital
Clinic
Research centers
Others

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Published Sun, 27 Feb 2022 22:39:27 -0600