Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Capsule Endoscopy Market size was over USD 578.15 million in 2024 and is projected to reach USD 1.92 billion by 2037, witnessing around 9.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of capsule endoscopy is assessed at USD 625.82 million.
The rise in a number of chronic diseases such as cancer and gastrointestinal diseases in developed as well as developing countries are some of the factors expected to drive the growth of the global market. Advancement in capsule endoscopy technology and hybrid imaging techniques, increase in a shift of patients towards the advanced diagnostics is one of the major factor driving the growth of the global market.
Capsule Endoscopy Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Prevalence of Small Intestinal Disorders
- Increasing Geriatric Population in the World
Challenges
- Lack of Skilled Technicians
Capsule Endoscopy Market: Key Insights
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
9.7% |
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Base Year Market Size (2023) |
USD 527.03 million |
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Forecast Year Market Size (2036) |
USD 1.75 billion |
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Regional Scope |
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Capsule Endoscopy Segmentation
The market is segmented based on application into colonic pillcam, bowel pillcam, oesophageal pillcam, and others, out of which, the bowel pillcam segment is anticipated to grab the largest share by the end of 2025 in the global capsule endoscopy market by product. Bowel capsule endoscopy aids physicians in evaluating critical gastrointestinal parts with the help of advanced visualization systems. On the basis of end-use industry, the hospitals segment in the global market is projected to grow with a significant CAGR over the forecast period. The growth can be attributed due to the reason that hospitals provide healthcare services such as diagnostics and disease treatment with the help of modernized equipment. With the increasing prevalence of gastrointestinal diseases, rising number of gastrointestinal examinations are being conducted, which, in turn, is likely to drive the growth of the market for the hospital segment during the forecast period.
Our in-depth analysis of the global market includes the following segments
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By Product |
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By End-use Industry |
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By Application |
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Customize this ReportCapsule Endoscopy Industry - Regional Synopsis
APAC Market Statistics
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. Asia Pacific industry is likely to hold largest revenue share by 2037, as government supports the developments through various strategies, initiatives, and programs that help in increasing awareness regarding gastrointestinal disorders. Countries such as India, China and Japan have untapped potential and are likely to become the focal point of development in the region. The healthcare industries have shown readiness in adoption of the technological advancements of the West. The region has a large population base with high prevalence of gastrointestinal diseases and favourable regulatory scenario. Thus, these factors are likely to propel the regional growth of the market.
Companies Dominating the Capsule Endoscopy Landscape
- Medtronics Plc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Olympus corporation
- IntroMedic
- Capsovision
- Check-CapShangxian Minimal Invasive Inc.
In the News
Author Credits: Radhika Pawar
- Report ID: 2960
- Published Date: Dec 23, 2024
- Report Format: PDF, PPT
