What is Capsule Endoscopy Market?
Capsule endoscopy is a procedure which uses a small wireless camera to take pictures of digestive tract. A capsule endoscopy camera sits inside a vitamin-size capsule which one can swallow it. Since, the capsule travels through digestive tract, the camera takes thousands of pictures which are transferred to a recorder which is one wear on a belt around the waist. Further, capsule endoscopy helps doctor to evaluate the small intestine. This part of the bowel cannot be reached by colonoscopy or by traditional upper endoscopy. The most common reason for doing capsule endoscopy is to search for a reason of bleeding from the small intestine. It may also be beneficial for detecting polyps, inflammatory bowel disease (Crohn’s disease), ulcers, and tumors of the small intestine.
Highlights from Capsule Endoscopy Market Study
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Olympus Corporation (Japan), RF Co. Ltd. (United States), IntroMedic Co., Ltd (South Korea), Boston Scientific Corporation (United States), Medtronic Plc (Ireland), CapsoVision, Inc. (United States), Northside Gastroenterology Endoscopy Center, LLC (United States), Chongqing Jinshan Science & Technology Co. (China), Interscope Inc (United States) and Given Imaging Ltd. (Israel) |
A competitor's details are provided in the capsule endoscopy market competitive landscape. Company overview, financials, revenue generated, market potential, investment in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance are all included. The data points presented above are only linked to the companies' concentration on the capsule endoscopy sector. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Capsule Endoscopy market throughout the forecasted period.
Olympus Corporation (Japan), RF Co. Ltd. (United States), IntroMedic Co., Ltd (South Korea), Boston Scientific Corporation (United States), Medtronic Plc (Ireland), CapsoVision, Inc. (United States), Northside Gastroenterology Endoscopy Center, LLC (United States), Chongqing Jinshan Science & Technology Co. (China), Interscope Inc (United States) and Given Imaging Ltd. (Israel) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Steris PLC (Ireland) and Check-Cap Ltd (Israel). Capsule Endoscopy Market Segmentation:
Scope | Sub-Segments |
---|
Application / End User | Intestine Disease, Crohn’s Disease, GIT Bleeding and Others |
Type | Small Bowel Capsule, Esophageal Capsule and Colon Capsule |
Component | Wireless Capsule Endoscopy,Capsule Endoscopy Data Recorder,Capsule Endoscopy Workstations |
Endoscope Type | Capsule Cystoscopies,Capsule Neuro-Endoscopes |
End User | Diagnostic Centers,Clinics & Hospitals,Medical Research Institutes,Others |
On the basis of geography, the market of Capsule Endoscopy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in Capsule Endoscopy and Rising Demand for Accurate and Faster Diagnostic Tools
Market Growth Drivers:
Increasing Prevalence of Small Intestinal Disorders and Increasing Geriatric Population Worldwide
Challenges:
Lack of Skilled Professionals
Restraints:
Complications and Risks of Capsule Endoscopy
Opportunities:
Increasing Presence of Government Initiatives
Key Target Audience
Capsule Endoscopy Service Providers, Suppliers of Equipments, Manufacturers of Medical Equipments, Healthcare Industry, Governmental Bodies and Research Firms
In 2019 - Olympus Corporation today announced its development of a technology that uses artificial intelligence (AI) to aid in the detection and diagnosis of diseases during endoscopic examinations of areas such as the stomach, colon, and esophagus. The new CAD Open Platform will provide one-stop access to CAD applications for diagnosing gastrointestinal endoscopic images.
The FDA regulates medical devices sold in the United States to assure their safety and effectiveness. Medical devices range from simple tongue depressors and hospital gowns to complex programmable pacemakers and robotic surgical systems. Depending on the device classification, along with other factors, federal regulations define requirements that must be fulfilled for Center for Medical Devices and Radiological Health (CDRH) to approve or clear devices sold in the United States.