Global Capsule Endoscopy Market By Product (Small Bowel Capsule, Colon Capsule, Esophageal Capsule), Component (Camera Capsule, Workstation, Data Recorder), Type (Wireless Capsule Endoscopy, Receiver Capsule Endoscopy, Others), Application (Intestine Disease, Crohn’s Disease, Gastrointestinal Bleeding, Tumours, Others), End Users (Hospitals, Diagnostic Laboratories, Ambulatory Surgery Centres), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Capsule Endoscopy Market

Global capsule endoscopy treatment market is expected to grow with 11.95% CAGR in the forecast period of 2019-2026. The report contains data from the historic year of 2017, base year of 2018. Growing expansions in the field of technologies for diagnosing the digestive disorder is acting as an opportunity for this market growth.

Market Definition: Global Capsule Endoscopy Market

Capsule endoscopy is a technology used for the detection of digestive disorders. It is performed to detect Crohn’s disease, celiac disease, gastrointestinal tumors, bleeding among others. The components of capsule endoscopes include a camera, a transmitter and a light source. The capsule offers real-time data to expedite the diagnosis process which leads to earlier treatment and sooner retrieval in the gastrointestinal complications. The easy assessment in the internal organ and precise data boosts the market growth.

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Market Drivers:

Prevailing aging population and increasing cases of digestive disorder will drive the market growth
Growing cases of peptic ulcer, colon cancer and crohn’s disease is another factor uplifting the market growth
Rising screening and diagnostic technologies will also enhance the demand of this market in the forecast period
It is a minimally invasive procedure for detecting the digestive disorder along with faster and easier detection; this is another factor driving the market growth

Market Restraints:

High cost of the technologies is one of the factor restricting the growth of this market
Lack of skilled professional will also impede the market growth in the forecast period

Segmentation: Global Capsule Endoscopy Market

By Product

Small Bowel Capsule
Colon Capsule
Esophageal Capsule

By Component

Camera Capsule
Workstation
Data Recorder

By Type

Wireless Capsule Endoscopy
Receiver Capsule Endoscopy
Others

By Application

Intestine Disease
Crohn’s Disease
Gastrointestinal Bleeding
Tumours
Others

By End Users

Hospitals
Diagnostic Laboratories
Ambulatory Surgery Centres
Others

By Geography

North America
U.S.
Canada
Mexico
Europe
Germany
Italy
U.K.
France
Spain
Netherlands
Belgium
Switzerland
Turkey
Russia
Rest of Europe
Asia-Pacific
Japan
China
India
South Korea
Australia
Singapore
Malaysia
Thailand
Indonesia
Philippines
Rest of Asia-Pacific
South America
Brazil
Rest of South America
Middle East and Africa
Saudi Arabia
Rest of Middle East and Africa

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Key Developments in the Market:

In March 2016, Medtronic received the U.S. Food and Drug Administration (FDA) approval for, PillCam COLON 2 capsule, a compact sized edible capsule endoscope, which provides the detailed visualization of the colon for the assessment of polyps in patients. The product will offer the early diagnosis and better treatment of chronic gastrointestinal diseases and cancers
In May 2014, Olympus launched ENDOCAPSULE 10, a minimally invasive advanced system for small bowel capsule endoscopy procedures. The product offers detailed images of the small intestine with enhanced efficiency. It also supports patient comfort with enhanced quality of care at low cost. This product launch will enhance the product portfolio of the company.

Competitive Analysis

Global Capsule Endoscopy treatment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of capsule endoscopy treatment market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Major Market Competitors/Players

Few of the major competitors currently working in the global capsule endoscopy treatment market are Boston Scientific Corporation, CapsoVision Inc., ConMed Corporation, Cook, The Guidant Group, , INTROMEDIC, Chongqing Jinshan Science & Technology (Group) Co., Ltd, Medtronic, Olympus  Corporation, RF Co.,Ltd., Fujifilm Holdings Corporation, Check-Cap,  Accu-Read, INC., Interscope Inc, among others.