The capsule endoscopes market size has the potential to grow by USD 160.35 million during 2020-2024, and the market’s growth momentum will accelerate at a CAGR of 7.95%.
This report provides a detailed analysis of the market by product (small bowel capsule endoscopy, esophageal capsule endoscopy, and colon capsule endoscopy), geography (Asia, Europe, North America, and ROW), and key vendors.
Market Overview
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Market Competitive Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Anhan Technology (Wuhan) Co. Ltd.
- CapsoVision Inc.
- Check-Cap Ltd.
- FUJIFILM Holdings Corp.
- IntroMedic Co. Ltd.
- Jinshan Science & Technology (Group) Co. Ltd.
- Medtronic Plc
- MU Ltd.
- Olympus Corp.
- RF Co. Ltd.
The capsule endoscopes market is fragmented and the vendors are deploying growth strategies such as implementing various advanced technologies and collaborating with each other to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as increasing popularity of non-invasive techniques to achieve growth opportunities. However, factors such as presence of alternative endoscopy procedures will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the capsule endoscopes market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies,
This capsule endoscopes market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
Capsule Endoscopes Market: Key Drivers and Trends
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Capsule Endoscopes Market: Segmentation by Geography
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40% of the market’s growth will originate from North America during the forecast period. The US is a key market for capsule endoscopes in North America. However, market growth in this region will be slower than the growth of the market in other regions.
One of the prime factors that will facilitate the capsule endoscopes market growth in North America over the forecast period is the high prevalence of gastrointestinal disorders. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Capsule Endoscopes Market: Segmentation by Product
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This report provides an accurate prediction of the contribution of all the segments to the growth of the capsule endoscopes market size.
Small bowel endoscopy is a diagnostic technique used to examine the inner lining of small intestine, which includes three parts–the duodenum, jejunum, and ileum. The segment is growing at a high rate and is expected to sustain this momentum owing to the availability of advanced capsule endoscopes. These techniques have superior safety and efficacy rates for examining small bowel compared to other parts of the gastrointestinal tract. However, the capsule endoscopes market share growth by the small bowel capsule endoscopy segment will be slower than the esophageal capsule endoscopy and colon capsule endoscopy segments. Fetch actionable market insights on post COVID19 impact on each segment.
Capsule Endoscopes Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive capsule endoscopes market growth during the next five years
- Precise estimation of the capsule endoscopes market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the capsule endoscopes industry across Asia, Europe, North America, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of capsule endoscopes market vendors
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