Capsule Endoscopy Market by Component, by Endscope Type, by Product, by Application and Geography – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2019 – 2026

The Global Capsule Endoscopy Market is expected to reach USD 1.30 billion by 2026. The market is anticipated to grow at CAGR of 8.5% during 2020-2026, owing to rising prevalence of gastrointestinal diseases, chronic diseases and bowel tumors, growing demand for non-invasive procedures for detection of digestive disorders and rising demand for accurate and faster diagnostic tools.

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Capsule endoscopy (CE) is a leading technique used by physician to monitor and record bowel movements wherein the patient swallows capsule endoscopes. Capsule endoscopy is also named as wireless capsule endoscopy, a mature yet non-invasive technology. Instances wherein the patients suffer from inflammatory bowel disease and gastrointestinal bleeding, a capsule endoscopy locates the source and determines the instant course of next action. Owing to the technological advances, CE has transformed the diagnostic approach for small-bowel irritations. Technically, the CE platform is comprised of a capsule, an external sensor worn by the patient with a recorder device to be carried on the shoulder in the light of recording period. Patients are then asked to swallow the capsule endoscopes with water.

CE is known to have revealed significant investigation in the path of obscure gastrointestinal bleeding (OGIB), inflammatory bowel disease and crohn’s. In a commercial perspective, the future prospects for capsule endoscopy stands fruitful since in the last few years, various applications have been developed. For instance, FDA approves of colon capsule for adults in cases of colorectal carcinoma. Esophageal capsule is used in the identification of esophageal varices. Both of the capsules have a forward and reverse facing cameras that result in enlarged view of the surface mucosa during data analysis. These capsules are subject to recommendation owing to success in clinical trials.

Capsule Endoscopy Market Trends, Demands and Opportunities:

In 2018, America Cancer Society approximately reported 98, 553 cases of cancer colon and bowel movements in the U.S. This signifies about the rise in prevalence of gastrointestinal diseases in the population in the developed countries. Significance of treatment and availability of capsule endoscopy treatment has enabled the population to access to the endoscopy treatment fairly at a high scale. In addition, reimbursement facilities for colon cases is reportedly to be high across all the global economies.