What Has Been the Growth of the Capsule Endoscopy System Market So Far?
The capsule endoscopy system market has seen considerable growth due to a variety of factors.
• The market size for the capsule endoscopy system has seen a swift increase lately. The industry is predicted to thrive from a worth of $0.68 billion in 2024 to a value of $0.76 billion in 2025, marking a compound annual growth rate (CAGR) of 11.7%.
Factors such as patients' inclination towards non-invasive operations, increasing cases of gastrointestinal issues, heightened precision in diagnosis, elevated levels of patient comfort and cooperation, doctors' preference for capsule endoscopy, as well as an aging population have all contributed towards growth during the historical period.
How Will the Capsule Endoscopy System Market?
The capsule endoscopy system market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of the capsule endoscopy system is slated for robust expansion in the coming years, anticipated to reach $1.11 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 9.9%.
The projected market increase during this period can be traced back to wider applications in the field of gastroenterology, an intensified focus on preemptive detection, patient-oriented healthcare methods, integration of telemedicine, and worldwide initiatives aimed at improving digestive health. The period under projection will witness key trends such as advancements in technology, a surge in the incidence of gastrointestinal ailments, an aging population, preference for non-invasive methods, increasing awareness and patient enlightenment, and changes in reimbursement policies.
Which Factors Are Boosting Growth In The Capsule Endoscopy System Market?
The growth of the capsule endoscopy system market is being fueled by the rising frequency of cancer. Cancer is a term used to describe a group of diseases that are characterized by abnormal and uncontrolled cell growth, which can intrude upon nearby tissues and metastasize to other parts of the body. Capsule endoscopy systems are utilized in the diagnosis and detection of cancer, enabling doctors to inspect the gastrointestinal tract and identify abnormal conditions such as tumors, ulcers, and inflammation. These systems provide a more patient-friendly and less invasive method for evaluating the GI tract, thereby playing a crucial role in enhancing cancer results and patient wellbeing. According to the American Cancer Society Inc., a US-based health organization, there were 608,570 deaths from cancer in 2022, and approximately 1.9 million new instances in contrast to the 606,520 fatalities in 2021. Thus, the rising frequency of cancer is anticipated to drive the growth of the capsule endoscopy system market. The capsule endoscopy system market is also projected to grow due to the increasing prevalence of gastrointestinal disorders. These disorders encompass any disease or condition that affects the gastrointestinal tract, which includes areas from the mouth to the anus. Capsule endoscopy provides an effective and quick screening process for various gastrointestinal issues, such as obscure GI tract bleeding, contributing towards the accurate diagnosis and treatment of these disorders. According to Crohn's and Colitis Canada, a non-profit organization, more than 322,600 Canadians were estimated to have inflammatory bowel diseases (IBD) in 2023, roughly 0.82% of the population. This figure is anticipated to rise to about 470,000 or 1.1% of the population, which equates to 1 in 91 people by the year 2035. Therefore, the rising prevalence of gastrointestinal disorders is expected to fuel the growth of the capsule endoscopy system market.
What Key Areas Define The Segmentation Of The Global Capsule Endoscopy System Market?
The capsule endoscopy system market covered in this report is segmented –
1) By Component: Capsule Endoscope, Work Stations And Recorders
2) By Application: Esophageal Diseases, Colonic Diseases, Occult GI Bleeding, Crohn’s Disease, Small Bowel Tumors, Celiac Disease, Inherited Polyposis Syndromes
3) By End-User: Hospitals, Ambulatory Surgery Centers, Other End-Users
Subsegments:
1) By Capsule Endoscope: Video Capsule Endoscopes, Capsule Endoscopes For Small Intestine, Capsule Endoscopes For Colon
2) By Work Stations and Recorders: Work Stations For Image Processing, Data Recorders, Video Recorders, Software For Capsule Endoscopy
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What Emerging Trends Are Influencing The Growth Of The Capsule Endoscopy System Market?
Leading corporations within the capsule endoscopy system market are innovating and creating more sophisticated capsules, like the NaviCam small bowel system, with the aim of improving the diagnosis of small bowel diseases. An example of this is the NAVICAM small bowel capsule endoscopy system, which leverages high-end technologies to provide a comprehensive approach for the detection of small bowel diseases. In February 2023, for instance, AnX Robotica Corporation, a US based capsule endoscopy systems producer, introduced the NAVICAM small bowel system to the market. This is a video capsule endoscopy (VCE) system designed to utilize state-of-the-art technology for diagnosing small bowel diseases more accurately and efficiently. A significant feature of the NAVICA capsule is its embedded magnet that enables physician-directed navigation. This gives a more thorough visual imaging of the small bowel even in hard-to-access regions. The system also benefits from artificial intelligence (AI) which autonomously highlights key points in the video, reducing the time taken for physicians to accurately identify abnormalities. Furthermore, the NAVICA capsule provides a more effective, efficient, and patient-friendly experience while equipping physicians with the necessary tools for accurate diagnosis of small bowel diseases.
Who Are the Key Players In The Capsule Endoscopy System Market?
Major companies operating in the capsule endoscopy system market report are:
• Novartis AG
• Medtronic plc.
• Fujifilm Holdings Corporation
• Koninklijke Philips N.V.
• Boston Scientific Corporation
• EmblemHealth Inc.
• Olympus Corporation
• Cerner Corporation
• Henry Ford Health System
• Steris Corp.
• Check-Cap Ltd.
• Proteus Digital Health Inc.
• Given Imaging Ltd.
• Medigus Ltd.
• Lifeline Sciences LLC.
• Medisafe UK Limited
• CellMax Life Ltd.
• IntroMedic Co. Ltd.
• https://www.zoominfo.com/c/gi-view-ltd/49843790
• SMART Medical Systems Ltd.
• BodyCap SAS
• AnX Robotica Corporation
• Advin Healthcare Private Limited
• Chongqing Jinshan Science and Technology (Group) Co. Ltd.
• SmartPill Corporation
• ANKON Technologies Co. Ltd.
• RF Systems Lab Co. Ltd.
• CapsoVision Inc.
• PENTAX Medical Company.
What Is The Most Dominant Region In The Capsule Endoscopy System Market?
North America was the largest region in the capsule endoscopy system market in 2024. The regions covered in the capsule endoscopy system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
