Home > > Global Capsule Endoscopy Market Report
The Capsule Endoscopy market was valued at $489.2 Million in 2022, and is projected to reach $1,513.8 Million by 2032 growing at a CAGR of 12.03% from 2023 to 2032.Capsule endoscopy is a non-invasive diagnostic procedure that uses a small, swallowable capsule equipped with a camera to take images of the digestive tract. The capsule is passed through the digestive system and transmits images to a recorder worn by the patient, which are later analyzed by a healthcare provider. There are several drivers for the capsule endoscopy market: Increasing prevalence of gastrointestinal disorders: There is a growing demand for more accurate and less invasive methods for diagnosis and management of gastrointestinal disorders, such as Crohn's disease, ulcerative colitis, and gastrointestinal bleeding. Capsule endoscopy is a minimally invasive alternative to traditional endoscopy procedures and can provide detailed images of the entire gastrointestinal tract. Technological advancements: The development of new technologies, such as wireless capsule endoscopy and enhanced imaging capabilities, has improved the accuracy and effectiveness of capsule endoscopy. Aging population: The aging population is at an increased risk of developing gastrointestinal disorders and is more likely to undergo diagnostic procedures, driving demand for capsule endoscopy. Some of the top companies in the capsule endoscopy market include: Given Imaging: Given Imaging is a leader in the capsule endoscopy market and offers a range of products, including the PillCam SB video capsule endoscope and the PillCam COLON video capsule endoscope. Olympus Corporation: Olympus is a major player in the capsule endoscopy market and offers a range of products, including the PillCam ESO video capsule endoscope and the PillCam SB3 video capsule endoscope. Medtronic: Medtronic is a global medical technology company that offers the PillCam COLON 2 video capsule endoscope for colon imaging. Hoya Corporation: Hoya Corporation offers the Eteron video capsule endoscope for esophageal and stomach imaging. Overall, the capsule endoscopy market is expected to experience strong growth in the coming years due to increasing demand for minimally invasive diagnostic procedures and technological advancements in the field.