Capsule Endoscopy Market Segmentation by Product (Capsule Endoscope, Work Stations & Recorders and Others); by Application (Small Intestine Disorder, Esophageal Disorder and Colonic Disorder and Others); by End-User (Hospitals, Diagnostic Laboratories, Specialty Clinics and Others); by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2024-2033

Capsule Endoscopy Market Overview:

The Capsule Endoscopy Market Size was valued at USD 899.9 Million in 2024. The market is expected to expand at a CAGR of 12.3% from 2024-2033, and is expected to cross value of USD 2.8 billion by the end of 2033.

Capsule endoscopy is a procedure using a tiny wireless camera to capture an organ’s picture of the body where food and liquid are travelling through, known as the digestive tract. The increasing dominance of cancer is the significant growth driver of the capsule endoscopy market. Globally, the incidence rate for all the cancers together was 19% greater in men compared to women in 2020. Globally, a projected 19.3 million new cancer cases and around 10.0 million cancer deaths happened in 2020. Female breast cancer has exceeded lung cancer as the most usually diagnosed cancer, with a projection of 2.3 million new cases followed by colorectal, lung, female breast, prostate and stomach cancers. As of 2022, there were about 20 million new cancer cases and 9.7 million deaths. The assessed number of people alive within 5 years of cancer diagnosis was 53.5 million. Approximately 1 in 5 people develop cancer throughout their lifetime, 1 in 12 women and 1 in 9 men die of the disease. Shangxian Minimal Invassive Inc., IntroMedic Co., MEDTRONIC PLC., Fujifilm Holding Corporation, Olympus Corporation and Anx Robotica are some of the key players in the Capsule Endoscopy Market.

Japan Capsule Endoscopy Market Overview

Japan adopted a holistic strategy for medical development with robot creation to help overworked doctors, the functions of CT scanners are being enhanced and promising cancer treatment and other diseases are being researched. Real-time images are displayed on the information recorder screen while any evaluation is performed, which allows previous termination of the process once the capsule is in the colon. Japan's health expenditure has observed steady growth, with an estimated 2.2-fold growth over the previous 30 years. As of the financial year 2018, the recent data displays a record high of approximately 393.5 billion dollars. The increase in medical expenditure is attributed to the progression of medical technology and the ageing population. The increasing medical expenditure and technological progression predict the growth of the Japanese capsule endoscopy market. RF Co., Ltd and RF System lab are some of the significant players in the Japanese Capsule Endoscopy Market.

Capsule Endoscopy Market Drivers – Analyst’s Observation

According to the analysts, some key growth drivers for the Capsule Endoscopy Market are as follows:

• Increasing gastrointestinal diseases:

Capsule endoscopy finds inflamed and irritated areas in the small intestine diseases, such as ulcerative colitis or Crohn’s disease, detecting signs of digestive system issues. In 2019, there were around 2.86 billion prominent cases and 7.32 billion digestive diseases, leading to 277 million DALYs lost and 8 million deaths. In a survey conducted in 33 regions, 40% of the members suffered from some type of operational gastrointestinal disorder. Such disorders involve functional dyspepsia irritable bowel syndrome, and several more constipation variations. Increasing stress in daily life is one of the growth drivers of gastrointestinal disorders, eventually propelling the capsule endoscopy market.

• Advancement in capsule endoscopy systems:

New imaging techniques and modalities are very notable segments of contemporary endoscopy. Filter-aided colonoscopy or chromoendoscopy with HD endoscopes is able to improve the characterizations and detection of lesions. Video capsule endoscopy has converted imaging of the tiny bowel because it is a well-tolerated and non-invasive modality with extraordinary diagnostic capacities. Deep learning and artificial intelligence promise to transform capsule reading, and DL have been used to recognize intestinal motility incidences and organs of origin. Lately, an algorithm has been generated to detect several abnormalities with a sensitivity of 99.9% and a reading time of just 5.9 minutes. The robust validation of such algorithms will lead to rapid and precise diagnosis and propel the overall growth of the capsule endoscopy market size.

Which Probable Factors Could Hamper the Capsule Endoscopy Market Trend?

As per our analysis, some of the challenges expected to limit the global market growth of Capsule Endoscopy Market are as follows:

• Financial Burden:

The capsule endoscopy market goes through considerable limitations because of the high costs about the technology. The devices along with the required software for imaging and interpretation are expensive. This financial pressure limits the accessibility of healthcare and patient’ facilities, specifically in developing areas where healthcare budgets are snugger. The high cost can result in hesitancy among offerors to accept the technology, restricting its total market growth.  

• Restricted reimbursement options:

Limited reimbursement choices present for capsule endoscopy processes. Several insurance offerors do not entirely include the costs discourages both physicians and patients from choosing this diagnostic device. The absence of standardized rules for reimbursement further obscures the circumstance, making it challenging for healthcare offerors to validate the expenditure of capsule endoscopy in comparison to traditional techniques.

How is the Capsule Endoscopy Market Segmented?

Our experts have segmented the Capsule Endoscopy Market according to the points mentioned below:

• By Product:
  • Capsule Endoscope
  • Work Stations & Recorders
  • Others
• By Application:
  • Small Intestine Disorder
  • Esophageal Disorder
  • Colonic Disorder
  • Others
• By End-user:
  • Hospitals
  • Diagnostic Laboratories
  • Specialty Clinics
  • Others
• By Region:
  • North America (United States and Canada)
  • Europe (Germany, U.K, Italy, Russia, Spain, France, Belgium, Rest of Europe)
  • Asia Pacific (China, Japan, India, Australia, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
  • Latin America (Brazil, Argentina, Chile)
  • Middle East & Africa (Israel, North Africa, South Africa, GCC, Rest of MEA)

Timeline considered for all these studies will be:

2023 – Base Year

2024 – Estimated Year

2024-2033 – Forecast Period

What are the Probable Factors Influencing the North America Having the Highest Market Share Capsule Endoscopy Market Forecast?

North America dominates the North American capsule endoscopy market because of rising awareness about the market, resulting in early detection of diseases such as cancer, gastrointestinal disorders and other chronic issues. According to the National Institute of Health data, around 75 million gastrointestinal endoscopies are carried out per year in the United States alone and of these around > 19 million are colonoscopies and 68% are gastrointestinal endoscopies. Further, in the United States, Medtronic won FDA clearance for the PillCam Small Bowl 3 system for remote endoscopy processes as of 2021. The technology is distributed straight away to a patient with the help of a telehealth appointment, and an offeror helps the patient with the help of a remote procedure, pushing the growth of the capsule endoscopy market size

What are the Probable Factors Influencing the Asia Pacific Capsule Endoscopy Market Forecast?

The continuously growing start-up landscape is a significant growth driver of the capsule endoscopy market in the Asia Pacific region. The three pillars of China’s thriving ecosystem are innovation-friendly policies, industry & academia collaboration and market size, culture and speed. Government stimulus has motivated the development of Chinese Tech hubs. China is home to several fastest-growing start-ups to reach a USD 1 billion valuation worldwide. Healthcare in China has taken advantage of technological advancements and widely improved infrastructure lately. Further, China has even shown good momentum on the path of digital economy advancement. The healthcare system of the country is going through significant growth predicting growth of the capsule endoscopy market size.

Capsule Endoscopy Market Key Players

Some key players in the Capsule Endoscopy Market are as follows:

• Shangxian Minimal Invassive Inc.
• IntroMedic Co.
• MEDTRONIC PLC.
• Fujifilm Holding Corporation
• Olympus Corporation
• Anx Robotica
• Chongqing Jinshan Science and Technology Group Co.
• CapsoVision Inc.
• Check-Cap, RF Systems Lab
• Given Imaging
• Others

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Capsule Endoscopy Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Product
      2. By Application
      3. By End User
      4. By Region
5. Market Segmentation by Product 
   1. Capsule Endoscope
   2. Work Stations & Recorders
   3. Others
6. Market Segmentation by Application
   1. Small Intestine Disorder
   2. Esophageal Disorder
   3. Colonic Disorder
   4. Others
7. Market Segmentation by End-User  
   1. Hospitals
   2. Diagnostic Laboratories
   3. Specialty Clinics
   4. Others
8. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Application and End-User
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Application and End-User
      3. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Application and End-User
   2. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Application and End-User
      2. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Application and End-User
      3. France
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Application and End-User
      4. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Application and End-User
      5. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Application and End-User
      6. Rest of Europe
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Application and End-User
      7. China
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Application and End-User
      8. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Application and End-User
      9. India
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Application and End-User
      10. Australia
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Product, Application and End-User
      11. South Korea
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Product, Application and End-User
      12. Rest of Asia Pacific
          1. Market Size and Forecast
          2. Key Trends and Developments
          3. Market Analysis by Product, Application and End-User
   3. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Application and End-User
      2. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Application and End-User
      3. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Application and End-User
      4. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
         3.               Market Analysis by Product, Application and End-User
   4. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Application and End-User
      2. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Application and End-User
      3. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis Product, Application and End-User
      4. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Application and End-User
9. Competitive Landscape
   1. Market Share Analysis
   2. Company Profiles
      1. Shangxian Minimal Invassive Inc.
      2. IntroMedic Co.
      3. MEDTRONIC PLC.
      4. Fujifilm Holding Corporation
      5. Olympus Corporation
      6. Anx Robotica
      7. Chongqing Jinshan Science and Technology Group Co.
      8. CapsoVision Inc.
      9. Check-Cap, RF Systems Lab
      10. Given Imaging
      11. Others
10. Strategic Recommendations
11. Appendix
    1. List of Tables
    2. List of Figures
12. References