Capsule Endoscopy Market Size, Growth Strategies, Competitive Landscape, Factor Analysis Till 2027

Market Research Future (MRFR) analysis the global capsule endoscopy market during the forecast period. The Capsule Endoscopy global Market value can rise at 8.82% CAGR across the review period. By 2023, the capsule endoscopy market can value at USD 967.4 Mn, reveals MRFR data. The rise in cases of colon cancer and patients suffering from IBD are creating the need for effective visualization aid to examine the intestine and other digestive tract parts. Capsule endoscopy can detect polyps, ulcers, and tumor present in small intestine. The precision offered by capsule endoscopy is responsible for its growing demand across multiple hospitals, clinics, and diagnostics. The surge in demand for capsule endoscopy can support the rise of the capsule endoscopy market across the review period. The pill shaped wireless camera in capsule endoscopy offers less irritation to the target organ during the examination of the digestive system. The rise in preference for capsule endoscopy among consumers can support the expansion of the capsule endoscopy market in the study period.

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Market Segmentation

The segment assessment of the global capsule endoscopy market are done by component, product, application, endoscope type, and end user.

The component based segment of the capsule endoscopy market are capsule endoscopy data recorder, capsule endoscope, and capsule endoscopy workstations.

The endoscope type-based segments of the capsule endoscopy market are capsule neuro-endoscopes and capsule cystoscopies.

The application-based segment of the capsule endoscopy market are Crohn’s disease, obscure gastrointestinal bleeding (OGIB), and small intestine tumor.

The end user-based segment of the capsule endoscopy market are clinics, hospitals, and others.

Global Capsule endoscopy Market – Regional Analysis

In North America, the capsule endoscopy is expected to hold command over the market, worldwide in the review period. The regional market is likely to thrive at the highest pace in the analysis period. The rise in the adoption endoscopic surgery to treat the growing cases of colon cancer can significantly contribute to the expansion of the capsule endoscopy market in the analysis period. The large colonoscopy screening capacity offered by medical and clinical organizations in the United States is likely to be responsible for the US to head the regional market across the review period. However, decline in the number of professional endoscopists can support the expansion of the capsule endoscopy market across the study period. In APAC, India is likely to drive the future of the capsule endoscopy device market in the years to come, reveals MRFR. However, other regions of the APAC can show moderate growth. The presence of numerous capsule endoscopy supply developers can promote the rise of the market in this region at a considerable growth pace. In addition, the intensifying competition among local developers can benefit the global capsule endoscopy market. The rise in number of new entrants can add momentum to APAC capsule endoscopy market expansion. In Europe, the capsule endoscopy market is expected to be led by the UK. The high rate of endoscopy procedure performed can impact EU market. As per MRFR regional assessment, EU capsule endoscopy market holds huge potential and can thrive in the near future.

Key Players

Fujifilm Holding Corporation (Japan), Given Imaging (Israel), Olympus Corporation (Japan), RF System Lab (US), IntroMedic Co., Ltd. (South Korea), Capso Vision Inc. (US), Johnson and Johnson (US), and Chongqing Jinshan Science & Technology Co. (China) among others are some reputed players that are operating in the Capsule endoscopy Market, as profiled by MRFR.

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