According to a new report, published by KBV research, The Global Capsule Endoscopy System Market size is expected to reach $1.4 billion by 2028, rising at a market growth of 12.1% CAGR during the forecast period.
The Capsule Endoscope segment acquired largest market share in the Global Capsule Endoscopy System Market by Component in 2021, thereby, achieving a market value of $956 million by 2028. This is because capsule endoscope has the ability to meet the demand for minimally invasive tools to explore the gastrointestinal tract and visualize regions that are otherwise inaccessible. Furthermore, due to its ability to provide faster and more precise diagnoses, capsule endoscopy is becoming more popular among medical and healthcare professionals, boosting the capsule endoscopy system market growth.
The Esophageal Disorder segment is showcasing CAGR of 12.3% during (2022 - 2028). The esophagus usually propels food into the stomach through an inflatable valve (sphincter). The sphincter opens wide to allow food to pass through before closing to prevent stomach acid and food from backing up in the esophagus. The capsule endoscopy procedure helps doctors in diagnosing the disease and therefore the demand for capsule endoscopy is expected to rise with the growing cases of esophageal disorders.
The North America is the fastest growing region in the Global Capsule Endoscopy System Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $488 million by 2028. The Asia Pacific market is estimated to witness a CAGR of 12.6% during (2022 - 2028). Additionally, The Europe market would experience a CAGR of 11.9% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/capsule-endoscopy-system-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Component
By Disease Type
By Geography
Companies Profiled
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