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Capsule Endoscope and Workstations Market

Market Insights on Capsule Endoscope and Workstations covering sales outlook, demand forecast & up-to-date key trends

Capsule Endoscope and Workstations Market by Component, Application & region - Forecast 2022 - 2032

Capsule Endoscope and Workstations Market Overview (2022-2032)

The global capsule endoscope and workstations market stood at around US$ 179.9 Mn in 2021 and is slated to increase at a CAGR of 16.2% to reach a valuation of US$ 841.0 Mn by 2032.

“Increasing demand for minimally invasive procedures and rising prevalence of target illnesses will set the tone for capsule endoscope and workstations market growth.”

Attributes

Details

Capsule Endoscope and Workstations Market Value in 2021

US$ 179.9 Mn

Capsule Endoscope and Workstations Market Value in 2032

US$ 841.0 Mn

Capsule Endoscope and Workstations Market CAGR (2022-2032)

16.2%

A capsule-sized medical equipment with a camera, battery, transmitter, and light source is known as a capsule endoscope. The patient then swallows the capsule, which records photos of the digestive system that are later saved in a registering device attached to the patient's body. Physicians and healthcare professionals review these high-resolution images afterward to assess and compile crucial data regarding the medical condition.

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What are the Major Drivers Boosting the Demand for Capsule Endoscope and Workstations Market?

The increasing prevalence of serious diseases such as cancer, orthopedic disorders, acid reflux disease, and neurological problems among the population is accelerating market growth. People suffering from these conditions go through severe complications and sometimes it becomes life-threatening. For the early diagnosis and proper treatment of these target illnesses, the capsule endoscope and workstations play an important role. Additionally, the increasing global prevalence of gastrointestinal disorders is further rising the demand for the capsules endoscope and workstations.

Furthermore, the capsule endoscopy’s integration of various technology improvements to increase reading experience, diagnostics capabilities, and accuracy is further boosting the market growth. Besides this, artificial intelligence is also a key factor in the market growth of the capsule endoscope and workstation market.

The increasing demand for painless and minimally invasive diagnostic procedures among patients is predicted to raise market growth in the projected period. Apart from this, the improving healthcare industry in developing and underdeveloped nations are attributed to propelling the market growth in the near future.

Which Region Shows Strong Growth Potential in the Capsule Endoscope and Workstations Market?

Geographically, the global capsule endoscope and workstations market is segmented into seven major regions which include North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.

Among these regions, North America is expected to hold a major share in the global capsule endoscope and workstations market, followed by Europe. The increasing incidence of cancer is expected to propel the demand for capsule endoscopes. Furthermore, the upsurge in ulcer cases, as well as the early diagnosis and treatment for ulcers, is playing an important role in the market development.

The increase in healthcare spending along with the establishment of endoscopic training centers and the rising awareness of minimally invasive surgeries in developing countries is expected to expand the market growth in the Asian region. Owing to the low adoption of such advanced products in Latin America and the Middle East and Africa, are likely to show moderate market growth.

Sabyasachi Ghosh
Principal Consultant
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Who are the Key Players of the Capsule Endoscope and Workstations Market?

Some of the key players operating in the capsule endoscope and workstations industry are MEDTRONIC, IntroMedic Co., Ltd., Olympus Corporation, Chongqing Jinshan Science & Technology (Group) Co., Ltd., RF System Lab Co., Ltd., CapsoVision, Shangxian Minimal Invasive Inc., FUJIFILM Holdings Corporation, Check Cap, AnX Robotics and others.

Scope of Report

Report Attributes

Details

Growth Rate

CAGR of 16.2% 2022-2032

Base Year for Estimation

2021

Historical Data

2012-2021

Forecast Period

2022-2032

Qualitative Units

Revenue in USD Million, and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segment Covered

  • Component
  • Application
  • Region

Region Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • GCC
  • South Africa
  • Israel

Key Players

  • MEDTRONIC
  • IntroMedic Co., Ltd.
  • Olympus Corporation
  • Chongqing Jinshan Science & Technology (Group) Co., Ltd.
  • RF System Lab Co., Ltd.
  • CapsoVision
  • Shangxian Minimal Invasive Inc.
  • FUJIFILM Holdings Corporation
  • Check Cap
  • AnX Robotica

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Key Segments Covered in the Capsule Endoscope and Workstations Industry Survey

By Component:

  • Capsule Endoscope
  • Work stations and Recorders

By Application:

  • Healthcare facilities
  • Medical diagnostics sector
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • The Middle East and Africa (MEA)

Frequently Asked Questions

The global capsule endoscope and workstations market is anticipated to register a CAGR of 16.2% during the forecast period.

The capsule endoscope and workstations market is projected to be about US$ 841.0 Mn by the end of year 2032.

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Sabyasachi Ghosh
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LinkedIn
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Capsule Endoscope and Workstations Market