Capsule Endoscopes Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033
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Capsule Endoscopes Market Report Overview
The capsule endoscopes market size was $147.5 million in 2023. The market is expected to grow at a CAGR of more than 5% during 2023-2033. The capsule endoscope is a single-use device that moves into the gastrointestinal tract by peristalsis and is excreted naturally. It consists of a video capsule, which takes images of the digestive tract every second for eight hours. The capsule is enclosed in a biocompatible material to prevent reaction with the digestive fluids.
Capsule Endoscopes Market Outlook, 2023-2033 ($ Million)
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The capsule endoscopes market research report has been created to understand market behavior, which will help identify quantitative market trends in the endoscopy devices therapeutic area. The model discusses in detail the impact of COVID-19 on the capsule endoscopes market for the year 2020 and beyond. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing your in-licensing and out-licensing strategies.
Market Size (2023) | $147.5 million |
CAGR (2023-2033) | >5% |
Forecast Period | 2023-2033 |
Historical Period | 2015-2022 |
Key Regions | · North America
· Europe · Asia Pacific · South Central America · Middle East and Africa |
Leading Companies | · Medtronic Plc
· Olympus Corp · RF Co., Ltd. |
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Capsule Endoscopes Market Dynamics
Capsule endoscopy is becoming the preferred method for diagnosis, as it can help visualize the inner lesions of the GI tract, which is otherwise difficult with other endoscopic techniques. The capsule endoscope market is expected to grow throughout the forecast period due to the rising incidences of gastrointestinal disorders. A growing preference for minimally invasive procedures among patients and doctors is also contributing to the growth of this market. In addition to an increase in the number of gastrointestinal disorders and the aging population, the capsule endoscope market is experiencing advances in technological developments involving imaging and wireless capacities as well.
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Capsule Endoscopes Market Segmentation by Regions
The key regions in the capsule endoscopes market are North America, Europe, Asia Pacific, South Central America, and the Middle East and Africa. In 2023, North America dominated the capsule endoscopes market. The North American market will experience strong growth due to the continuous development of applications for capsule endoscopes. Most of the North American revenue comes from the United States. In the US, capsule endoscopes are increasingly used to detect and diagnose pathologies at early stages by allowing for enhanced visualization of the inner GI tract, compared to traditional endoscopes.
Capsule Endoscopes Market Analysis by Regions, 2023 (%)
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Capsule Endoscopes Market - Competitive Landscape
A few of the leading companies in the capsule endoscopes market are:
- Medtronic Plc
- Olympus Corp
- RF Co., Ltd.
Medtronic Plc dominated the market in 2023.
Capsule Endoscopes Market Analysis by Companies, 2023 (%)
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Segments Covered in the Report
Capsule Endoscopes Regional Outlook (Value, $ Million, 2015-2033)
- North America
- Europe
- Asia Pacific
- South Central America
- Middle East & Africa
Key Inclusions
Currently marketed Capsule Endoscopes and evolving competitive landscape:
- Insightful review of the key industry trends.
- Annualized total Capsule Endoscopes market revenue by segment and market outlooks from 2015-2033.
- Market-level data on units, average selling prices, and market values.
Global, Regional, and Country level market specific insights:
- Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the Capsule Endoscopes market.
- Competitive dynamics insights and trends provided for the Capsule Endoscopes market.
Drive the understanding of the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.
Companies covered: Medtronic Plc, Olympus Corp, RF Co., Ltd., and others.
Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.
Scope
This report provides:
- Insightful review of the key industry trends.
- Annualized total Capsule Endoscopes market revenue by segment and market outlooks.
- Market-level data on units, average selling prices, and market values.
- Global, regional, and country-level market-specific insights including qualitative market-specific information with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the Capsule Endoscopes market.
- Competitive dynamics insights and trends provided for the Capsule Endoscopes market.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Reasons to Buy
The model will enable you to:
- Understand the impact of COVID-19 on the Capsule Endoscopes market.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving the Capsule Endoscopes market.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Capsule Endoscopes market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counterstrategies to gain a competitive advantage.
- Track device sales in the global and country-specific Capsule Endoscopes market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
Frequently asked questions
-
What was the capsule endoscope market size in 2023?
The capsule endoscopes market size was $147.5 million in 2023.
-
What will the capsule endoscopes market growth rate be during the forecast period?
The capsule endoscopes market is expected to grow at a CAGR of more than 5% during 2023-2033.
-
Which region dominated the capsule endoscopes market in 2023?
North America dominated the overall capsule endoscopes market in 2023.
-
Which are the leading companies in the capsule endoscopes market?
A few of the leading companies in the capsule endoscopes market are Medtronic Plc, Olympus Corp, and RF Co., Ltd., among others.
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