The North America Capsule Endoscopy System Market would witness market growth of 11.5% CAGR during the forecast period (2022-2028).
Capsule endoscopy was found to be between 83 and 89 percent accurate in detecting celiac disease, while a biopsy is still required for a final diagnosis. This visualization technique is passive, though, because the camera is simply eaten and allowed to travel through the system on its own. Even if the method has a higher chance of detecting an intestinal problem, the image may be transient or veiled, affecting the test's outcomes.
Small Bowel Capsule Endoscopy, often known as Pillcam, is a vital diagnostic technique for checking the small bowel for disease. This technique of endoscopy can see sections of the small intestine that aren't visible with regular Panendoscopy (Gastroscopy) or Colonoscopy. Patients are urged to take a capsule containing a small camera for the Pillcam process. As it passes through the gastrointestinal tract, the capsule's camera continuously collects photos before delivering them wirelessly to a recorder. Within one to two days, the capsule is normally gone out painlessly with the feces.
Minimally invasive screening treatments are becoming more popular in North America, as is the use of technologically advanced products and systems. Furthermore, enhanced healthcare infrastructure is another aspect increasing capsule endoscopy demand. In addition, increased awareness of early screening for diseases including gastrointestinal disorders, cancer, and other chronic problems is one of the major drivers of market growth in the area.
According to the American Cancer Society, around 141,000 persons in the United States were diagnosed with colorectal cancer in 2011, with approximately 49,000 deaths. Furthermore, colon cancer is the third most commonly diagnosed disease in the United States, as well as the third largest cause of death. As a result, a large patient population with gastrointestinal (GI) disease necessitates proper diagnosis and surveillance. Given Imaging was the first to design the capsule endoscopy model, which was initially used in industrialized countries in 2001. For GI disorders such as Crohn's disease, colorectal cancer, unexplained gastrointestinal hemorrhage, polyposis syndromes, and small bowel tumors, the capsule endoscopy system has emerged as a viable therapy and diagnosis technique.
The US market dominated the North America Capsule Endoscopy System Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $352.1 million by 2028. The Canada market is poised to grow at a CAGR of 14.1% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 13.1% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Capsule Endoscopy System Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Capsule Endoscopy System Market, by Component
1.4.2 North America Capsule Endoscopy System Market, by Disease Type
1.4.3 North America 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. North America Capsule Endoscopy System Market by Component
4.1 North America Capsule Endoscope Market by Country
4.2 North America Work-stations & Recorders Market by Country
Chapter 5. North America Capsule Endoscopy System Market by Disease Type
5.1 North America Small Intestine Disorder Market by Country
5.2 North America Esophageal Disorder Market by Country
5.3 North America Colonic Disorder Market by Country
Chapter 6. North America Capsule Endoscopy System Market by Country
6.1 US Capsule Endoscopy System Market
6.1.1 US Capsule Endoscopy System Market by Component
6.1.2 US Capsule Endoscopy System Market by Disease Type
6.2 Canada Capsule Endoscopy System Market
6.2.1 Canada Capsule Endoscopy System Market by Component
6.2.2 Canada Capsule Endoscopy System Market by Disease Type
6.3 Mexico Capsule Endoscopy System Market
6.3.1 Mexico Capsule Endoscopy System Market by Component
6.3.2 Mexico Capsule Endoscopy System Market by Disease Type
6.4 Rest of North America Capsule Endoscopy System Market
6.4.1 Rest of North America Capsule Endoscopy System Market by Component
6.4.2 Rest of North America 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 North America Capsule Endoscopy System Market, 2018 - 2021, USD Million
TABLE 2 North America Capsule Endoscopy System Market, 2022 - 2028, USD Million
TABLE 3 North America Capsule Endoscopy System Market by Component, 2018 - 2021, USD Million
TABLE 4 North America Capsule Endoscopy System Market by Component, 2022 - 2028, USD Million
TABLE 5 North America Capsule Endoscope Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Capsule Endoscope Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Work-stations & Recorders Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Work-stations & Recorders Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Capsule Endoscopy System Market by Disease Type, 2018 - 2021, USD Million
TABLE 10 North America Capsule Endoscopy System Market by Disease Type, 2022 - 2028, USD Million
TABLE 11 North America Small Intestine Disorder Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Small Intestine Disorder Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Esophageal Disorder Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Esophageal Disorder Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Colonic Disorder Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Colonic Disorder Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Capsule Endoscopy System Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Capsule Endoscopy System Market by Country, 2022 - 2028, USD Million
TABLE 19 US Capsule Endoscopy System Market, 2018 - 2021, USD Million
TABLE 20 US Capsule Endoscopy System Market, 2022 - 2028, USD Million
TABLE 21 US Capsule Endoscopy System Market by Component, 2018 - 2021, USD Million
TABLE 22 US Capsule Endoscopy System Market by Component, 2022 - 2028, USD Million
TABLE 23 US Capsule Endoscopy System Market by Disease Type, 2018 - 2021, USD Million
TABLE 24 US Capsule Endoscopy System Market by Disease Type, 2022 - 2028, USD Million
TABLE 25 Canada Capsule Endoscopy System Market, 2018 - 2021, USD Million
TABLE 26 Canada Capsule Endoscopy System Market, 2022 - 2028, USD Million
TABLE 27 Canada Capsule Endoscopy System Market by Component, 2018 - 2021, USD Million
TABLE 28 Canada Capsule Endoscopy System Market by Component, 2022 - 2028, USD Million
TABLE 29 Canada Capsule Endoscopy System Market by Disease Type, 2018 - 2021, USD Million
TABLE 30 Canada Capsule Endoscopy System Market by Disease Type, 2022 - 2028, USD Million
TABLE 31 Mexico Capsule Endoscopy System Market, 2018 - 2021, USD Million
TABLE 32 Mexico Capsule Endoscopy System Market, 2022 - 2028, USD Million
TABLE 33 Mexico Capsule Endoscopy System Market by Component, 2018 - 2021, USD Million
TABLE 34 Mexico Capsule Endoscopy System Market by Component, 2022 - 2028, USD Million
TABLE 35 Mexico Capsule Endoscopy System Market by Disease Type, 2018 - 2021, USD Million
TABLE 36 Mexico Capsule Endoscopy System Market by Disease Type, 2022 - 2028, USD Million
TABLE 37 Rest of North America Capsule Endoscopy System Market, 2018 - 2021, USD Million
TABLE 38 Rest of North America Capsule Endoscopy System Market, 2022 - 2028, USD Million
TABLE 39 Rest of North America Capsule Endoscopy System Market by Component, 2018 - 2021, USD Million
TABLE 40 Rest of North America Capsule Endoscopy System Market by Component, 2022 - 2028, USD Million
TABLE 41 Rest of North America Capsule Endoscopy System Market by Disease Type, 2018 - 2021, USD Million
TABLE 42 Rest of North America Capsule Endoscopy System Market by Disease Type, 2022 - 2028, USD Million
TABLE 43 Key Information – Fujifilm Holdings Corporation
TABLE 44 Key Information – Medtronic PLC
TABLE 45 key Information – Olympus Corporation
TABLE 46 Key Information – Check Cap Ltd.
TABLE 47 key Information – CapsoVision, Inc.
TABLE 48 key Information – Chongqing Jinshan Science and Technology Group Co., Ltd.
TABLE 49 Key Information – IntroMedic Co., Ltd.
TABLE 50 Key information – RF Systems Lab
TABLE 51 key Information – Shangxian Minimal Invasive, Inc.
TABLE 52 Key Information – AnX Robotica Corp.
List of Figures
FIG 1 Methodology for the research