Global Capsule Endoscopy System Market Overview

Global Capsule Endoscopy System Market size is expected to grow from USD 405.3 Million in 2022 to USD 617.31 Million by 2030, at a CAGR of 5.4% during the forecast period (2023–2030).

• A capsule endoscopy system is a non-invasive diagnostic procedure that utilizes a tiny wireles camera, encapsulated within a pill-shaped capsule, to capture images of the digestive tract. This capsule, measuring approximately the size of a large vitamin, is equipped with a light source and a high-resolution camera capable of transmitting thousands of images per second to a data recorder worn around the waist.

• Capsule endoscopy is a non-invasive procedure that doesn't require incisions or sedation, making it more comfortable and patient-friendly. It allows for a comprehensive examination of the small intestine, an often inaccessible area. Patients can move around during the procedure, reducing anxiety and enhancing comfort. Capsule endoscopy is generally considered safe with minimal risks.

• The market for capsule endoscopy systems is growing due to their effectiveness and patient-friendly nature. Advancements like 360-degree imaging improve diagnostic precision, enabling timely detection of gastrointestinal disorders, early intervention, and improved patient outcomes. As medical professionals increasingly adopt this technology, it continues to transform the gastrointestinal diagnostics landscape.

Capsule Endoscopy System Market Trend Analysis:

The Increasing Prevalence of GI Disorders and Other Chronic Ailments

• Gastrointestinal disorders, such as Crohn's, celiac, and obscure gastrointestinal bleeding, are on the rise globally. Capsule endoscopy, with its non-invasive imaging capabilities, is a valuable diagnostic tool due to its ability to visualize the small intestine, a challenging area with traditional endoscopic methods. This makes it a valuable diagnostic tool in the face of GI disorders.

• The aging population worldwide is increasing the prevalence of chronic ailments, including gastrointestinal issues like colorectal cancer, diverticulitis, and bleeding. The capsule endoscopy system, with its patient-friendly approach and reduced discomfort, is particularly appealing for older individuals with multiple comorbidities. Its ability to detect abnormalities early, allowing for timely medical intervention, could improve patient outcomes and reduce the burden of chronic diseases on healthcare systems.

• In addition to gastrointestinal disorders, the capsule endoscopy system has found utility in diagnosing and monitoring other chronic ailments, such as Crohn's disease. The technology's versatility in addressing a spectrum of medical conditions further propels its market growth. As healthcare providers increasingly recognize the benefits of capsule endoscopy in enhancing diagnostic capabilities and patient care, the market is poised for sustained expansion in response to the growing healthcare needs of an aging and ailing population.

Technological Innovations

• Companies investing in innovation gain a competitive edge by meeting evolving consumer demands. Advances in artificial intelligence, IoT, and 5G connectivity enhance efficiency, streamline operations, and deliver personalized products and services. These innovations not only improve the customer experience but also open new revenue sources.

• Emerging technologies in various industries drive a cycle of continuous improvement, promoting economic expansion. Businesses adopting these solutions contribute to innovation ecosystems, boosting individual companies and broader economic growth. Governments and policymakers recognize the transformative power of technology, often incentivizing research and development initiatives. This collaborative effort between the public and private sectors fosters an environment conducive to innovation, driving economic prosperity.

• Technological innovations drive market growth by addressing societal challenges and promoting sustainability. Solutions focusing on renewable energy, resource efficiency, and environmental conservation meet the growing demand for sustainable practices and position businesses as responsible global citizens. Companies that leverage technology to meet eco-friendly demands are at the forefront of a burgeoning market.

Capsule Endoscopy System Market Segment Analysis:

Capsule Endoscopy System Market Segmented on the basis of type, Product, Application and End-users.

By End-User, Hospitals segment is expected to dominate the market during the forecast Period

• Hospitals are the most dominant segment in the healthcare market due to their critical role and continuous integration of innovative technologies. They demand advanced medical equipment, electronic health records, telemedicine solutions, and diagnostic tools. The focus on patient-centric care, efficiency improvements, and accurate diagnostics drives hospitals to invest in technological innovations. The ongoing digital transformation, including artificial intelligence in diagnostics and robotics in surgeries, solidifies hospitals as the primary beneficiaries of technological advancements. As the healthcare industry evolves, hospitals continue to embrace innovative solutions.

Capsule Endoscopy System Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• North America is the most dominant market region due to its robust technological infrastructure, extensive research and development capabilities, and high adoption across industries. The region is home to numerous technology hubs, fostering innovation and attracting top talent. Major tech giants and start-ups contribute to North America's dominance by pushing boundaries. The well-established healthcare, finance, and information technology sectors also play pivotal roles in sustaining its market dominance.

• North America's market dominance is attributed to government support, favourable regulatory frameworks, and a culture that values technological innovation. The region's investment in emerging technologies like artificial intelligence, biotechnology, and renewable energy solidifies its position as a driving force in shaping various industries' futures. This dominance is largely due to its forward-thinking approach, resource abundance, and conducive ecosystem.

Key Players Covered in Capsule Endoscopy System Market:

• CapsoVision (U.S)
• Boston Scientific Corporation (U.S)
• Northside Gastroenterology Endoscopy Center, LLC (U.S.)
• Interscope, Inc. (U.S.)
• AnX Robotica (U.S.)
• Medtronic plc (Ireland)
• IntroMedic Co., Ltd. (South Korea)
• Chongqing Jinshan Science & Technology (Group) Co., Ltd. (China)
• Shangxian Minimal Invasive Inc. (China)
• Fujifilm Holdings Corporation (Japan)
• Olympus Corporation (Japan)
• RF System Lab Co., Ltd. (Japan)
• Check Cap (Israel) and Other Major Players

Key Industry Developments in the Capsule Endoscopy System Market:

• In November 2021, Medtronic plc announced that it had received U.S. FDA 510(k) clearance for its PillCam Small Bowel 3 system for remote endoscopy procedures. PillCam SB3 HOME provides a telehealth option for direct visualization and monitoring of the small bowel to help better detect lesions not detected by upper and lower endoscopy that can indicate Crohn's disease, locate obscure bleeding, etc. This regulatory approval helped the company enhance its R&D capabilities and increase its product portfolio

• In February 2023, AnX Robotica Corporation, the developer and manufacturer of the NaviCam® Magnetically Controlled Capsule Endoscopy System (MCCE), is pleased to announced the launch of the NaviCam Small Bowel System in the United States. The NaviCam Small Bowel System is a significant technology improvement and will be a very valuable tool for the diagnosis of diseases in the small bowel." utilizes aspherical lens technology to reduce distortion and enhance the field of vision, a critical component in the diagnosis of small bowel disease. In addition, the NaviCam SB System enhances efficiencies for the clinician and patient due to dramatically reduced download and processing time, allowing clinicians the ability to promptly analyze a study and make a diagnosis.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. CAPSULE ENDOSCOPY SYSTEM MARKET BY TYPE (2016-2030)
   1. CAPSULE ENDOSCOPY SYSTEM MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. CAPSULE ENDOSCOPE
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. WORKSTATIONS AND RECORDERS
7. CAPSULE ENDOSCOPY SYSTEM MARKET BY PRODUCT (2016-2030)
   1. CAPSULE ENDOSCOPY SYSTEM MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. OESOPHAGEAL CAPSULE
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. SMALL BOWEL CAPSULE
   5. COLON CAPSULE
8. CAPSULE ENDOSCOPY SYSTEM MARKET BY APPLICATION (2016-2030)
   1. CAPSULE ENDOSCOPY SYSTEM MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. OBSCURE GASTROINTESTINAL BLEEDING
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. CROHN’S DISEASE
   5. SMALL INTESTINE TUMOR
9. CAPSULE ENDOSCOPY SYSTEM MARKET BY END USER (2016-2030)
   1. CAPSULE ENDOSCOPY SYSTEM MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. HOSPITALS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. DIAGNOSTIC LABORATORIES
   5. SPECIALTY CLINICS
10. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
       1. Competitive Positioning
       2. Capsule Endoscopy System Market Share By Manufacturer (2022)
       3. Industry BCG Matrix
       4. Heat Map Analysis
       5. Mergers & Acquisitions
    2. CAPSOVISION (U.S)
       1. Company Overview
       2. Key Executives
       3. Company Snapshot
       4. Role of the Company in the Market
       5. Sustainability and Social Responsibility
       6. Operating Business Segments
       7. Product Portfolio
       8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
       9. Key Strategic Moves And Recent Developments
       10. SWOT Analysis
    3. BOSTON SCIENTIFIC CORPORATION (U.S)
    4. NORTHSIDE GASTROENTEROLOGY ENDOSCOPY CENTER, LLC (U.S.)
    5. INTERSCOPE INC. (U.S.)
    6. ANX ROBOTICA (U.S.)
    7. MEDTRONIC PLC (IRELAND)
    8. INTROMEDIC CO., LTD. (SOUTH KOREA)
    9. CHONGQING JINSHAN SCIENCE & TECHNOLOGY (GROUP) CO., LTD. (CHINA)
    10. SHANGXIAN MINIMAL INVASIVE INC. (CHINA)
    11. FUJIFILM HOLDINGS CORPORATION (JAPAN)
    12. OLYMPUS CORPORATION (JAPAN)
    13. RF SYSTEM LAB CO., LTD. (JAPAN)
    14. CHECK CAP (ISRAEL)
11. GLOBAL CAPSULE ENDOSCOPY SYSTEM MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Type
       4. Historic And Forecasted Market Size By Product
       5. Historic And Forecasted Market Size By Application
       6. Historic And Forecasted Market Size By End User
       7. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
12. INVESTMENT ANALYSIS
13. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. CAPSULE ENDOSCOPY SYSTEM MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. CAPSULE ENDOSCOPY SYSTEM MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. CAPSULE ENDOSCOPY SYSTEM MARKET COMPETITIVE RIVALRY
TABLE 005. CAPSULE ENDOSCOPY SYSTEM MARKET THREAT OF NEW ENTRANTS
TABLE 006. CAPSULE ENDOSCOPY SYSTEM MARKET THREAT OF SUBSTITUTES
TABLE 007. CAPSULE ENDOSCOPY SYSTEM MARKET BY TYPE
TABLE 008. CAPSULE ENDOSCOPE MARKET OVERVIEW (2016-2028)
TABLE 009. WORKSTATIONS AND RECORDERS MARKET OVERVIEW (2016-2028)
TABLE 010. CAPSULE ENDOSCOPY SYSTEM MARKET BY APPLICATION
TABLE 011. SMALL BOWEL DISEASES MARKET OVERVIEW (2016-2028)
TABLE 012. ESOPHAGEAL DISEASES MARKET OVERVIEW (2016-2028)
TABLE 013. COLONIC DISEASES MARKET OVERVIEW (2016-2028)
TABLE 014. NORTH AMERICA CAPSULE ENDOSCOPY SYSTEM MARKET, BY TYPE (2016-2028)
TABLE 015. NORTH AMERICA CAPSULE ENDOSCOPY SYSTEM MARKET, BY APPLICATION (2016-2028)
TABLE 016. N CAPSULE ENDOSCOPY SYSTEM MARKET, BY COUNTRY (2016-2028)
TABLE 017. EUROPE CAPSULE ENDOSCOPY SYSTEM MARKET, BY TYPE (2016-2028)
TABLE 018. EUROPE CAPSULE ENDOSCOPY SYSTEM MARKET, BY APPLICATION (2016-2028)
TABLE 019. CAPSULE ENDOSCOPY SYSTEM MARKET, BY COUNTRY (2016-2028)
TABLE 020. ASIA PACIFIC CAPSULE ENDOSCOPY SYSTEM MARKET, BY TYPE (2016-2028)
TABLE 021. ASIA PACIFIC CAPSULE ENDOSCOPY SYSTEM MARKET, BY APPLICATION (2016-2028)
TABLE 022. CAPSULE ENDOSCOPY SYSTEM MARKET, BY COUNTRY (2016-2028)
TABLE 023. MIDDLE EAST & AFRICA CAPSULE ENDOSCOPY SYSTEM MARKET, BY TYPE (2016-2028)
TABLE 024. MIDDLE EAST & AFRICA CAPSULE ENDOSCOPY SYSTEM MARKET, BY APPLICATION (2016-2028)
TABLE 025. CAPSULE ENDOSCOPY SYSTEM MARKET, BY COUNTRY (2016-2028)
TABLE 026. SOUTH AMERICA CAPSULE ENDOSCOPY SYSTEM MARKET, BY TYPE (2016-2028)
TABLE 027. SOUTH AMERICA CAPSULE ENDOSCOPY SYSTEM MARKET, BY APPLICATION (2016-2028)
TABLE 028. CAPSULE ENDOSCOPY SYSTEM MARKET, BY COUNTRY (2016-2028)
TABLE 029. GIVEN IMAGING: SNAPSHOT
TABLE 030. GIVEN IMAGING: BUSINESS PERFORMANCE
TABLE 031. GIVEN IMAGING: PRODUCT PORTFOLIO
TABLE 032. GIVEN IMAGING: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 032. OLYMPUS: SNAPSHOT
TABLE 033. OLYMPUS: BUSINESS PERFORMANCE
TABLE 034. OLYMPUS: PRODUCT PORTFOLIO
TABLE 035. OLYMPUS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 035. INTROMEDIC: SNAPSHOT
TABLE 036. INTROMEDIC: BUSINESS PERFORMANCE
TABLE 037. INTROMEDIC: PRODUCT PORTFOLIO
TABLE 038. INTROMEDIC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 038. CAPSOVISION: SNAPSHOT
TABLE 039. CAPSOVISION: BUSINESS PERFORMANCE
TABLE 040. CAPSOVISION: PRODUCT PORTFOLIO
TABLE 041. CAPSOVISION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 041. CHONGQING JINSHAN SCIENCE & TECHNOLGY: SNAPSHOT
TABLE 042. CHONGQING JINSHAN SCIENCE & TECHNOLGY: BUSINESS PERFORMANCE
TABLE 043. CHONGQING JINSHAN SCIENCE & TECHNOLGY: PRODUCT PORTFOLIO
TABLE 044. CHONGQING JINSHAN SCIENCE & TECHNOLGY: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. CAPSULE ENDOSCOPY SYSTEM MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. CAPSULE ENDOSCOPY SYSTEM MARKET OVERVIEW BY TYPE
FIGURE 012. CAPSULE ENDOSCOPE MARKET OVERVIEW (2016-2028)
FIGURE 013. WORKSTATIONS AND RECORDERS MARKET OVERVIEW (2016-2028)
FIGURE 014. CAPSULE ENDOSCOPY SYSTEM MARKET OVERVIEW BY APPLICATION
FIGURE 015. SMALL BOWEL DISEASES MARKET OVERVIEW (2016-2028)
FIGURE 016. ESOPHAGEAL DISEASES MARKET OVERVIEW (2016-2028)
FIGURE 017. COLONIC DISEASES MARKET OVERVIEW (2016-2028)
FIGURE 018. NORTH AMERICA CAPSULE ENDOSCOPY SYSTEM MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 019. EUROPE CAPSULE ENDOSCOPY SYSTEM MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 020. ASIA PACIFIC CAPSULE ENDOSCOPY SYSTEM MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. MIDDLE EAST & AFRICA CAPSULE ENDOSCOPY SYSTEM MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. SOUTH AMERICA CAPSULE ENDOSCOPY SYSTEM MARKET OVERVIEW BY COUNTRY (2016-2028)