The global capsule endoscope and workstations market stood at around USD 179.9 Million in 2021 and is slated to increase at a CAGR of 16.2% to reach a valuation of USD 841.0 Million 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 | USD 179.9 Million |
| Capsule Endoscope and Workstations Market Value in 2032 | USD 841.0 Million |
| Capsule Endoscope and Workstations Market CAGR (2022 to 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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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 endoscopys 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.
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.
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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.
| Report Attributes | Details |
|---|---|
| Growth Rate | CAGR of 16.2% 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2012 to 2021 |
| Forecast Period | 2022 to 2032 |
| Qualitative Units | Revenue in USD Million, and CAGR from 2022 to 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 | USA, Canada, Brazil, Mexico, Germany, UK, 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 |
| Customization | Available Upon Request |
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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 USD 841.0 Million by the end of year 2032.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Component 6.2. Application 7. Global Market Analysis and Forecast, By Component 7.1. Capsule Endoscope 7.2. Work stations and Recorders 8. Global Market Analysis and Forecast, By Application 8.1. Healthcare facilities 8.2. Medical diagnostics sector 8.3. Others 9. Global Market Analysis and Forecast, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. East Asia 9.5. South Asia & Pacific 10. North America Sales Analysis and Forecast, by Key Segments and Countries 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries 12. Europe Sales Analysis and Forecast, by Key Segments and Countries 13. East Asia Sales Analysis and Forecast, by Key Segments and Countries 14. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 15. Sales Forecast by Component and Application for 30 Countries 16. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 17. Company Profile 17.1. MEDTRONIC 17.2. IntroMedic Co., Ltd. 17.3. Olympus Corporation 17.4. Chongqing Jinshan Science & Technology (Group) Co., Ltd. 17.5. RF System Lab Co., Ltd. 17.6. CapsoVision 17.7. Shangxian Minimal Invasive Inc. 17.8. FUJIFILM Holdings Corporation 17.9. Check Cap 17.10. AnX Robotica
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Capsule Endoscope and Workstations Market
