Capsule Endoscopy Market Analysis by Demand,
Trends & Key Players till 2022
The global Capsule Endoscopy (CE) market size was valued at USD 454.7 million in 2014 and is expected to grow at a
CAGR of 8.7% in coming years.The market is driven by the factors such as rising incidences of gastrointestinal (GI)
diseases, the presence of supportive government initiatives, demand for faster and accurate diagnostics tools for
colorectal cancer. CE technique gives pain-free visualization of GI tract images, transmitted through data recorder.
Moreover, the introduction of innovatively advanced capsules having a longer battery life and Wi-Fi enabled are
anticipated to add to the revenue growth.
With aging, the risk of GI disorders increases. Thereby, expanding worldwide geriatric population is additionally offer
with a firm growth platform. As per the W.H.O, global population base relating to the age group – 65 years and or more
is relied upon to ascend from 7% in 2000 to 16% in 2050. This is anticipated to enhance the patient base hence,
augmenting the development.
The market is segmented into colon capsule, esophageal capsule and small bowel capsule. As of 2014, the largest share
was held by small bowel capsule attributable to its expanding utilization in various multiple conditions such as obscure
GI tract bleeding, inflammatory bowel disease, small bowel neoplastic lesions and Crohn’s disease. On the other hand,
colon capsule segment is anticipated to exhibit strong development over the forecast period. According to CDC, each
year 608,000 fatalities are caused by colorectal cancer. Every year more than 14.5 million colonoscopies are performed.
Moreover, rising demand for less invasive diagnosis platform is a key factor assuring the aforementioned conclusion.
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