Capsule Endoscopy Market is expected to reach US$ 697.29 Mn in 2027
Report : Capsule Endoscopy Market to 2027 - Global Analysis and Forecasts by Product (Endoscopy Capsule and Components); Formulation (Tablets, Capsules); Application (Obscure Gastrointestinal Bleeding (OGIB), Crohn’s Disease, Small Bowel Diseases, and Other Diseases); End Users (Hospitals, Clinics, Research Centers, and Other End Users), and Geography
The capsule endoscopes segment is expected to grow at a significant pace over the forecast period.
According to The Insight Partners market research titled 'Capsule Endoscopy Market to 2027 - Global Analysis and Forecasts by Product, Application, and End User'. The global capsule endoscopy market is expected to reach US$ 697.29 Mn in 2027 from US$ 368.65 Mn in 2019. The market is projected to grow with a CAGR of 8.3% from 2020-2027. The report provides trends prevailing in the global capsule endoscopy market along with market drivers and restraints.
The global capsule endoscopy market, based on the product, is segmented as capsule endoscopes and components. Capsule endoscopes are further divided into colonic capsule, bowel capsule, and esophageal capsule. Component is further sub segmented into workstation market, image receiver, recorder market and others. In 2019, the capsule endoscopes segment accounted for the largest market share in the global capsule endoscopy market by product. Capsule endoscopes play a vital role in effective and safe diagnosis of gastrointestinal disorders, hence the segment is anticipated to grow at a significant rate during the forecast period.
Major factors boosting the growth of market include increasing gastrointestinal disorders globally and increasing demand of noninvasive screening methods. However, limitation associated with the capsule endoscopy is hampering growth of the market to a certain extent.
The capsule endoscopy market majorly consists of players such as Olympus Corporation, CapsoVision, Medtronic and IntroMedic. Several companies in the market are concentrating on inorganic strategies, such as partnership for enhancing their position in the market. For instance, in June 2018, CapsoVision announced distribution partnership with Pentax Medical. PENTAX Medical will directly sale CapsoCam Plus and CapsoCloud across the U.S. The strategic step was taken by the company with an aim to strengthen its distribution channel in US.
Global Capsule Endoscopy Market, By Regions, 2019 (%)
The report segments global capsule endoscopy market as follows:
Global Capsule Endoscopy Market - By Product
- Capsule Endoscopes
- Colonic Capsule
- Bowel Capsule
- Esophageal Capsule
- Components
- Workstation Market
- Image Receiver
- Recorder Market
- Others Market
Global Capsule Endoscopy Market - By Application
- Obscure Gastrointestinal Bleeding (OGIB)
- Crohn’s Disease
- Small Bowel Diseases
- Other Diseases
Global Capsule Endoscopy Market - By Application
- Hospitals
- Clinics
- Research Centers
- Other End Users
Global Capsule Endoscopy Market - By Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- U.K
- Spain
- Italy
- Asia Pacific (APAC)
- China
- India
- Japan
- Australia
- South Korea
- Middle East & Africa (MEA)
- Saudi Arabia
- U.A.E
- South Africa
- South & Central America (SCAM)
- Brazil
- Argentina
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