The Latin America, Middle East and Africa Capsule Endoscopy System Market would witness market growth of 13.9% CAGR during the forecast period (2022-2028).
Capsule endoscopies have gained popularity in recent years due to their advantages of painless visualization of gastrointestinal system pictures, exact diagnosis, and speedier findings. Other factors driving the market growth during the forecast period include the emergence of technologically advanced wireless capsules with additional features such as longer battery life, improved data storage capability, WiFi-enabled devices, easy transmission, ergonomic designs, larger frame rate, 360-degree panoramic view, and improved image quality.
Furthermore, the growing geriatric population is expected to create a significant growth platform for this industry in the approaching years. Inflammatory bowel illness, Crohn's disease, colorectal cancer, and appendicitis are all much more common as people get older. In addition, the rising prevalence of cancer in both older and younger persons in recent years, as well as the growing prevalence of screening tests, such as capsule endoscopy for diagnosis, is expected to drive market growth.
Several Latin American governments are working to improve their healthcare systems. Brazil's healthcare sector has seen significant changes, making it one of the most promising and enticing sectors in the world. The regional market is expected to develop in the next years due to a huge number of gastrointestinal disorders, colorectal cancer cases in Brazil and Mexico, and an increasing elderly population base.
The UAE has made significant investments in the creation of world-class medical facilities with high treatment standards for UAE citizens and visitors from other countries, particularly those from the Middle East and Africa, who travel to the UAE on medical tourist visas. One-third of adults in the UAE are obese, and one out of every five people has diabetes, according to the World Health Organization. These people will demand higher-quality healthcare as the prevalence of lifestyle diseases rises. To satisfy this demand, the government is focusing on improving healthcare infrastructure, which will boost endoscopic device usage throughout the region.
The Brazil market dominated the LAMEA Capsule Endoscopy System Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $23.7 million by 2028. The Argentina market is experiencing a CAGR of 14.5% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 13.6% during (2022 - 2028).
Based on Component, the market is segmented into Capsule Endoscope and Work-stations & Recorders. Based on Disease Type, the market is segmented into Small Intestine Disorder, Esophageal Disorder, and Colonic Disorder. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Capsule Endoscopy System Market is Predict to reach $1.4 Billion by 2028, at a CAGR of 12.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fujifilm Holdings Corporation, Medtronic PLC, Olympus Corporation, Check Cap Ltd., CapsoVision, Inc., Chongqing Jinshan Science and Technology Group Co., Ltd., IntroMedic Co., Ltd., RF Systems Lab, Shangxian Minimal Invasive, Inc., and AnX Robotica Corp.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Capsule Endoscope
- Work-stations & Recorders
By Disease Type
- Small Intestine Disorder
- Esophageal Disorder
- Colonic Disorder
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Fujifilm Holdings Corporation
- Medtronic PLC
- Olympus Corporation
- Check Cap Ltd.
- CapsoVision, Inc.
- Chongqing Jinshan Science and Technology Group Co., Ltd.
- IntroMedic Co., Ltd.
- RF Systems Lab
- Shangxian Minimal Invasive, Inc.
- AnX Robotica Corp.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Capsule Endoscopy System Market, by Component
1.4.2 LAMEA Capsule Endoscopy System Market, by Disease Type
1.4.3 LAMEA Capsule Endoscopy System Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Capsule Endoscopy System Market
Chapter 4. LAMEA Capsule Endoscopy System Market by Component
4.1 LAMEA Capsule Endoscope Market by Country
4.2 LAMEA Work-stations & Recorders Market by Country
Chapter 5. LAMEA Capsule Endoscopy System Market by Disease Type
5.1 LAMEA Small Intestine Disorder Market by Country
5.2 LAMEA Esophageal Disorder Market by Country
5.3 LAMEA Colonic Disorder Market by Country
Chapter 6. LAMEA Capsule Endoscopy System Market by Country
6.1 Brazil Capsule Endoscopy System Market
6.1.1 Brazil Capsule Endoscopy System Market by Component
6.1.2 Brazil Capsule Endoscopy System Market by Disease Type
6.2 Argentina Capsule Endoscopy System Market
6.2.1 Argentina Capsule Endoscopy System Market by Component
6.2.2 Argentina Capsule Endoscopy System Market by Disease Type
6.3 UAE Capsule Endoscopy System Market
6.3.1 UAE Capsule Endoscopy System Market by Component
6.3.2 UAE Capsule Endoscopy System Market by Disease Type
6.4 Saudi Arabia Capsule Endoscopy System Market
6.4.1 Saudi Arabia Capsule Endoscopy System Market by Component
6.4.2 Saudi Arabia Capsule Endoscopy System Market by Disease Type
6.5 South Africa Capsule Endoscopy System Market
6.5.1 South Africa Capsule Endoscopy System Market by Component
6.5.2 South Africa Capsule Endoscopy System Market by Disease Type
6.6 Nigeria Capsule Endoscopy System Market
6.6.1 Nigeria Capsule Endoscopy System Market by Component
6.6.2 Nigeria Capsule Endoscopy System Market by Disease Type
6.7 Rest of LAMEA Capsule Endoscopy System Market
6.7.1 Rest of LAMEA Capsule Endoscopy System Market by Component
6.7.2 Rest of LAMEA Capsule Endoscopy System Market by Disease Type
Chapter 7. Company Profiles
7.1 Fujifilm Holdings Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent Strategies and Developments:
7.1.5.1 Product Launches and Product Expansions:
7.2 Medtronic PLC
7.2.1 Company overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent Strategies and Developments:
7.2.5.1 Product Launches and Product Expansions:
7.2.5.2 Approvals and Trials:
7.3 Olympus Corporation
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent Strategies and Developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.5.2 Product Launches and Product Expansions:
7.4 Check Cap Ltd.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Research & Development Expense
7.5 CapsoVision, Inc.
7.5.1 Company Overview
7.5.2 Recent Strategies and Developments:
7.5.2.1 Partnerships, Collaborations, and Agreements:
7.6 Chongqing Jinshan Science and Technology Group Co., Ltd.
7.6.1 Company Overview
7.7 IntroMedic Co., Ltd.
7.7.1 Company Overview
7.7.2 Recent Strategies and Developments:
7.7.2.1 Partnerships, Collaborations, and Agreements:
7.8 RF Systems Lab
7.8.1 Company Overview
7.9 Shangxian Minimal Invasive, Inc.
7.9.1 Company Overview
7.10. AnX Robotica Corp.
7.10.1 Company Overview
7.10.2 Recent Strategies and Developments:
7.10.2.1 Approvals and Trials:
TABLE 1 LAMEA Capsule Endoscopy System Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Capsule Endoscopy System Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Capsule Endoscopy System Market by Component, 2018 - 2021, USD Million
TABLE 4 LAMEA Capsule Endoscopy System Market by Component, 2022 - 2028, USD Million
TABLE 5 LAMEA Capsule Endoscope Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Capsule Endoscope Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Work-stations & Recorders Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Work-stations & Recorders Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Capsule Endoscopy System Market by Disease Type, 2018 - 2021, USD Million
TABLE 10 LAMEA Capsule Endoscopy System Market by Disease Type, 2022 - 2028, USD Million
TABLE 11 LAMEA Small Intestine Disorder Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Small Intestine Disorder Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Esophageal Disorder Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Esophageal Disorder Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Colonic Disorder Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Colonic Disorder Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Capsule Endoscopy System Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Capsule Endoscopy System Market by Country, 2022 - 2028, USD Million
TABLE 19 Brazil Capsule Endoscopy System Market, 2018 - 2021, USD Million
TABLE 20 Brazil Capsule Endoscopy System Market, 2022 - 2028, USD Million
TABLE 21 Brazil Capsule Endoscopy System Market by Component, 2018 - 2021, USD Million
TABLE 22 Brazil Capsule Endoscopy System Market by Component, 2022 - 2028, USD Million
TABLE 23 Brazil Capsule Endoscopy System Market by Disease Type, 2018 - 2021, USD Million
TABLE 24 Brazil Capsule Endoscopy System Market by Disease Type, 2022 - 2028, USD Million
TABLE 25 Argentina Capsule Endoscopy System Market, 2018 - 2021, USD Million
TABLE 26 Argentina Capsule Endoscopy System Market, 2022 - 2028, USD Million
TABLE 27 Argentina Capsule Endoscopy System Market by Component, 2018 - 2021, USD Million
TABLE 28 Argentina Capsule Endoscopy System Market by Component, 2022 - 2028, USD Million
TABLE 29 Argentina Capsule Endoscopy System Market by Disease Type, 2018 - 2021, USD Million
TABLE 30 Argentina Capsule Endoscopy System Market by Disease Type, 2022 - 2028, USD Million
TABLE 31 UAE Capsule Endoscopy System Market, 2018 - 2021, USD Million
TABLE 32 UAE Capsule Endoscopy System Market, 2022 - 2028, USD Million
TABLE 33 UAE Capsule Endoscopy System Market by Component, 2018 - 2021, USD Million
TABLE 34 UAE Capsule Endoscopy System Market by Component, 2022 - 2028, USD Million
TABLE 35 UAE Capsule Endoscopy System Market by Disease Type, 2018 - 2021, USD Million
TABLE 36 UAE Capsule Endoscopy System Market by Disease Type, 2022 - 2028, USD Million
TABLE 37 Saudi Arabia Capsule Endoscopy System Market, 2018 - 2021, USD Million
TABLE 38 Saudi Arabia Capsule Endoscopy System Market, 2022 - 2028, USD Million
TABLE 39 Saudi Arabia Capsule Endoscopy System Market by Component, 2018 - 2021, USD Million
TABLE 40 Saudi Arabia Capsule Endoscopy System Market by Component, 2022 - 2028, USD Million
TABLE 41 Saudi Arabia Capsule Endoscopy System Market by Disease Type, 2018 - 2021, USD Million
TABLE 42 Saudi Arabia Capsule Endoscopy System Market by Disease Type, 2022 - 2028, USD Million
TABLE 43 South Africa Capsule Endoscopy System Market, 2018 - 2021, USD Million
TABLE 44 South Africa Capsule Endoscopy System Market, 2022 - 2028, USD Million
TABLE 45 South Africa Capsule Endoscopy System Market by Component, 2018 - 2021, USD Million
TABLE 46 South Africa Capsule Endoscopy System Market by Component, 2022 - 2028, USD Million
TABLE 47 South Africa Capsule Endoscopy System Market by Disease Type, 2018 - 2021, USD Million
TABLE 48 South Africa Capsule Endoscopy System Market by Disease Type, 2022 - 2028, USD Million
TABLE 49 Nigeria Capsule Endoscopy System Market, 2018 - 2021, USD Million
TABLE 50 Nigeria Capsule Endoscopy System Market, 2022 - 2028, USD Million
TABLE 51 Nigeria Capsule Endoscopy System Market by Component, 2018 - 2021, USD Million
TABLE 52 Nigeria Capsule Endoscopy System Market by Component, 2022 - 2028, USD Million
TABLE 53 Nigeria Capsule Endoscopy System Market by Disease Type, 2018 - 2021, USD Million
TABLE 54 Nigeria Capsule Endoscopy System Market by Disease Type, 2022 - 2028, USD Million
TABLE 55 Rest of LAMEA Capsule Endoscopy System Market, 2018 - 2021, USD Million
TABLE 56 Rest of LAMEA Capsule Endoscopy System Market, 2022 - 2028, USD Million
TABLE 57 Rest of LAMEA Capsule Endoscopy System Market by Component, 2018 - 2021, USD Million
TABLE 58 Rest of LAMEA Capsule Endoscopy System Market by Component, 2022 - 2028, USD Million
TABLE 59 Rest of LAMEA Capsule Endoscopy System Market by Disease Type, 2018 - 2021, USD Million
TABLE 60 Rest of LAMEA Capsule Endoscopy System Market by Disease Type, 2022 - 2028, USD Million
TABLE 61 Key Information – Fujifilm Holdings Corporation
TABLE 62 Key Information – Medtronic PLC
TABLE 63 key Information – Olympus Corporation
TABLE 64 Key Information – Check Cap Ltd.
TABLE 65 key Information – CapsoVision, Inc.
TABLE 66 key Information – Chongqing Jinshan Science and Technology Group Co., Ltd.
TABLE 67 Key Information – IntroMedic Co., Ltd.
TABLE 68 Key information – RF Systems Lab
TABLE 69 key Information – Shangxian Minimal Invasive, Inc.
TABLE 70 Key Information – AnX Robotica Corp.
List of Figures
FIG 1 Methodology for the research