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How has the capsule endoscopy system market grown over the years?

In recent years, the market size of the capsule endoscopy system has experienced a significant increase. It is projected to escalate from a value of $0.68 billion in 2024 to $0.76 billion in 2025, marking an annual growth rate of 11.7%. This substantial growth during the historical period is linked to the patient’s preference for non-invasive operations, an increase in gastrointestinal maladies, better diagnostic precision, improved patient comfort and acceptance, physicians’ preference for capsule endoscopy, and a rising aging population.

What Is the forecasted market size and growth rate for the capsule endoscopy system market?

Expect significant expansion in the capsule endoscopy system market in the coming years, with projections suggesting a size of $1.11 billion by 2029, increasing with a CAGR of 9.9%. The anticipated growth during this forecast period has its roots in the broadening usage in the field of gastroenterology, a heightened emphasis on early diagnosis, patient-focused healthcare strategies, incorporation of telemedicine, and worldwide digestive health efforts. Upcoming trends for the forecast period encompass technological innovation, a rise in the occurrence of gastrointestinal disorders, an ageing population, a leaning towards non-invasive surgeries, growing consciousness and patient educational efforts, and reimbursement policies.

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What are the major factors driving growth in the capsule endoscopy system market?

The escalating incidence of cancer is propelling the ascent of the capsule endoscopy system market. Cancer constitutes a series of ailments identified by the unusual and unregulated cellular expansion within the body, potentially invading contiguous tissues and metastasizing elsewhere. Capsule endoscopy systems assist in cancer diagnosis and identification, granting doctors the capacity to examine the gastrointestinal tract and perceive irregularities like tumors, ulcers, and inflammation. These systems avail a less intrusive and more patient-friendly method for assessing the GI tract, rendering them indispensable in ameliorating cancer results and patient welfare. For instance, the American Cancer Society Inc., an American voluntary health organization, revealed in January 2023 that there were 608,570 cancer deaths in 2022, and an estimated 1.9 million new cancer cases were predicted, in contrast to 606,520 cancer deaths in 2021. Hence, the escalating incidence of cancer is anticipated to fuel the ascent of the capsule endoscopy system market. The rise in the occurrence of gastrointestinal disorders is another factor that is projected to facilitate the progression of the capsule endoscopy system market. Gastrointestinal ailments are any circumstances or diseases occurring within the gastrointestinal tract, encompassing the mouth, esophagus, stomach, small intestine, large intestine, and rectum. Capsule endoscopy serves as an effectual and expedient procedure for screening an assortment of gastrointestinal conditions, such as obscure GI tract bleeding, resulting in the precise diagnosis and therapy of gastrointestinal ailments. For example, as per Crohn’s and Colitis Canada, a Canada-based non-profit entity, over 322,600 Canadians were estimated to be afflicted with inflammatory bowel diseases (IBD) in 2023, representing about 0.82% of the populace. As IBD incidence persists, it is projected that nearly 470,000 Canadians will be suffering from IBD by 2035, approximately 1.1% of the population, or 1 out of 91 individuals in the nation. Therefore, the surge in the occurrence of gastrointestinal disorders is catalyzing the progression 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 are the top market players propelling the growth of the capsule endoscopy system industry?

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 are the key trends shaping the future of the capsule endoscopy system market?

Leading firms in the capsule endoscopy system market are innovating and creating superior capsule endoscopy systems, such as the NaviCam small bowel system, with the aim of enhancing the diagnosis of small bowel ailments. Application of cutting-edge technology by the NAVICAM method facilitates a comprehensive and efficient diagnosing process. In 2023, February, AnX Robotica Corporation, a US-based capsule endoscopy systems producer, rolled out its NAVICAM small bowel system, a product of video capsule endoscopy (VCE) which utilizes contemporary technology for improved diagnosis. It features a magnet-equipped capsule that can be remotely maneuvered by a doctor. Consequently, it gives a comprehensive view of the small bowel, even in the hard-to-reach areas. The system also incorporates artificial intelligence (AI) to automatically spotlight areas of concern within the video. This mechanism greatly aids physicians in finding abnormalities in the small bowel promptly and accurately. What’s more, it is convenient for patients and it avails doctors with the necessary equipment for precise diagnoses of small bowel diseases.

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What regions are dominating the capsule endoscopy system market growth?

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.

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