Capsule Endoscope and Workstations Market Analysis – Growth & Forecast 2022-2032

Capsule Endoscope and Workstations Market Overview (2022 to 2032)

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.

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 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.

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.

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 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

Table of Content

• 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