Capsule Endoscope Systems Market

Capsule endoscopy is a minimally invasive procedure used to detect digestive disorders. Capsule endoscopy is a method to record the images of digestive tract which can be further used in diagnosis of the intestinal diseases. The procedure helps examine the lining of gastrointestinal tract which includes three portions of the small intestine namely duodenum, ileum and jejunum. The capsule endoscope is a pill size device that comprises of batteries, camera, light source and transmitter. Capsule when swallowed by the patient takes the picture of the gastrointestinal tract which is received by the professional and examined. The procedure is used to obtain high resolution images that may not be accessible through other endoscopy procedures such as colonoscopy and esophagogastroduodenoscopy (EGD). Capsule endoscopy is mainly used to diagnose the area of bleeding from small intestine. Additionally, the procedure is also used to detect inflammatory bowel disease (Crohn’s disease), ulcers, polyps and tumors of the small intestine. Capsule endoscopy is also interchangeably referred to as capsule enteroscopy, wireless endoscopy and small bowel endoscopy. The global capsule endoscopy systems market is expected to show a significant growth with the rise in aging population who require much medical care. In addition rising prevalence of peptic ulcer, which is a disorder of gastrointestinal tract, will also propel the market growth. It is estimated that approximately 500,000 new ulcer cases are detected each year and at a time 5 million people are affected with ulcers in the United States. Peptic ulcers are common in men and elderly people and are mainly caused due to prolonged usage of non-steroidal anti-inflammatory drugs (NSAIDS) and H. pylori infection. Moreover, peptic ulcers are also caused due to excess smoking, alcohol consumption, hypercalcaemia/hyperparathyroidism and stress. Patients suffering from peptic ulcers suffer from wide range of symptoms varying from abdominal pain to vomiting, bleeding, or catastrophic perforation of the organ lining. Thirty five percent of the population suffering ulcers suffer from serious complications and sometimes become life threatening. Therefore, for the early diagnosis and proper treatment capsule endoscope plays a pivotal role. Some of the market players in this industry segment are Olympus Corporation, Fujifilm Holding Corporation, SynMed Limited and others.

Capsule Endoscope Systems Market to Benefit from Spike in Prevalence of Gastrointestinal Diseases

The global capsule endoscope systems market is projected to expand at a tremendous pace due to the growing geriatric population around the world. The likelihood of gastrointestinal illnesses such as Crohn's disease, inflammatory bowel disease, appendicitis, and colorectal cancer rises considerably with age. Moreover, the rising incidence of cancer in both younger and older persons in past years and the increased use of screening tests such as capsule endoscopy for diagnosis are expected to drive the global capsule endoscope systems market growth. Cancer.Net figures from 2021 show that approximately 148,600 adults in the United States were diagnosed with colorectal cancer. Such rising incidence indicates that the global capsule endoscope systems market will soon expand.

Furthermore, capsule endoscopies have gained popularity in recent years due to their advantages, such as exact diagnosis, easy visualization of gastrointestinal tract pictures, and speedier findings. Additionally, the advent of technologically sophisticated wireless capsules with better features such as expanded data storage capacity, longer battery life, ergonomic designs, WiFi-enabled devices, larger frame rate, easy transmission, improved image quality, and the 360-degree panoramic view is driving the global capsule endoscope systems market growth.

North America is set to lead the global capsule endoscope systems market, owing to the high demand for minimally invasive screening procedures and the usage of technologically improved systems. In addition, robust healthcare facilities are another aspect bolstering the capsule endoscope systems market growth in North America. In addition, growing knowledge about the early identification of conditions like gastrointestinal illnesses, cancer, and other chronic issues is one of the primary factors propelling market expansion in the region.

The global capsule endoscope systems market is projected to witness intense competition due to the strong demand for capsule-based endoscopes and endoscopic systems for numerous diagnostic and screening procedures. Furthermore, key firms' technological breakthroughs in the field of endoscopy are increasing the competition.

Moreover, leading players in the capsule endoscope systems market are adopting strategies such as collaborations, product launches, mergers and acquisitions, and expanding research and development in the area of capsule-based endoscopic technologies to raise their market shares.