Capsule Endoscopes Market Outlook - Top Companies, Trends and Future Prospects Details for Business Development

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Global capsule endoscopes market is growing with a significant rate due to demand for faster and accurate diagnostic tools, for managing the rising prevalence of gastrointestinal diseases, colorectal cancer, and government initiatives. Moreover, increasing aging population and introduction of technologically advanced capsules such as Wi-Fi enabled capsule and longer battery life capsule are expected to support the capsule endoscopes market to grow in the coming years. Aging increases the risk of gastrointestinal disorders, such as inflammatory bowel disease, CRC, and appendicitis.
North America leads the capsule endoscopes market, due to the presence of favorable reimbursement policies, rising prevalence rate of gastrointestinal disorders and colorectal cancer, increasing adoption of minimally invasive capsule endoscopy by patients and advanced healthcare infrastructure in the region. Asia-Pacific is expected to grow with the highest rate in the coming years, due to increasing disposable income, increasing patient awareness levels, presence of untapped opportunities regarding cancer screening and improving healthcare infrastructure.
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On the basis of products, the capsule endoscopes market is categorized as esophageal capsule, small bowel capsule and colon capsule. Small bowel capsule leads the capsule endoscopes market under products category due to its rising usage in multiple medical conditions such as, inflammatory bowel disease, small bowel neoplastic lesions, obscure gastrointestinal tract bleeding, and suspected Crohn’s disease. The Colon capsule segment is expected to grow with the highest rate in the coming years, due to rising demand of less invasive diagnosis platform.

Wireless capsule leads the capsule endoscopes market. due to the presence of favorable reimbursement policies, and rising usage of wireless capsules in esophagus, small intestine and colon. Technologically highly developed capsules with inbuilt advanced features such as greater battery life, 360 degree panoramic views, easy transmission, enhanced data storage capability and larger frame rate are providing the wireless capsule market ample opportunities to grow in the coming years.

Some of the competitors in the capsule endoscopes market are Olympus Corporation, Capso Vision Inc., Chongqing Jinshan Science & Technology Co., RF System lab, Fujifilm Holding Corporation, Given Imaging Ltd., and IntroMedic Co., Ltd.
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