Global V3 Capsule Endoscopy Market Opportunities and Forecast 2023-2030

  • DLR2228
  • March, 2020
  • Pages: 120
  • Global
Market Overview

Capsule endoscopy is non-invasive technique which allows the complete inspection of gastrointestinal tract using wireless, disposable device recognised as video capsule, equipped with camera, transmitter, battery, and light source. These capsules capture images in stomach, esophagus, and small intestine that are utilized for diagnosis of various gastrointestinal diseases. The incorporated camera in capsule takes about two pictures every second and battery of capsule lasts for about 8 hours.

According to American Cancer Society (ACS), about 141,000 people were identified with colorectal cancer in U.S. and about 49,000 people died in the year 2011. Furthermore, colorectal cancer is third most commonly identified disease and is the third leading source of deaths in the U.S. Therefore, a large patient base of GI requires adequate diagnosis as well as monitoring. Given Imaging was first company to develop the capsule endoscopy model that was introduced in developed countries in the year 2001. Capsule endoscopy system has developed as effective diagnosis and management technique for the GI diseases such as colorectal cancer, Crohn’s disease, polyposis syndromes, small bowel tumors and obscure gastrointestinal bleeding,.

Segment Overview

Growing technological sophistication in the capsule endoscopes, bringing about progressive functionalities such as site-specific medicine release, and biopsy is also expected to be key driver for global capsule endoscopy market during the forecast period. The rising medical devices industry is expected to fund important technological development in the capsule endoscopes in coming years, leading to growing demand from global capsule endoscopy market during the forecast period.

Regional Overview

The North America is expected to lead the global market during the forecast period, followed by the Europe, due to growing prevalence of colonic conditions in the areas. The growing expansion of biosimilars and various other drugs for treatment of intestinal conditions are also expected to be major driver for capsule endoscopy market.
Asia Pacific is anticipated to grow at highest rate, led by the China, where healthcare sector has developed rapidly during the last few years.

Competitor overview

Key players in the global market include RF Co. Ltd., AccuRead Endoscopy Inc., CapsoVision Inc., Fujifilm Holding Corporation, IntroMedic, Olympus Corporation, Chongqing Jinshan Science & Technology, and Medtronic plc.
Nuffield Health Cardiff Bay Hospital, Cardiff, installed new capsule endoscopy machine, in November 2019.

Key Players
  1. AccuRead Endoscopy Inc.,
  2. RF Co. Ltd.,
  3. Fujifilm Holding Corporation,
  4. CapsoVision Inc.,
  5. Chongqing Jinshan Science & Technology,
  6. IntroMedic,
  7. Olympus Corporation,
  8. Medtronic plc.

Market Segmentation

By Component
  • Capsule Endoscopes
  • Workstation
  • Recorder
By Application
  • Small Bowel diseases
  • Esophageal
  • Colonic
By Geography
  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • UAE
    • Rest of LAMEA


1 Report Prologue 14

    2 Market Introduction 18

    • 2.1 Introduction 19
    • 2.2 Scope of the Study 19
      • 2.2.1 Research Objective 19
      • 2.2.2 Assumptions 19
      • 2.2.3 Limitations 19
    • 2.3 Market Structure 20

    3 Research Methodology 21

    • 3.1 Research Process 22
    • 3.2 Primary Research 23
    • 3.3 Secondary Research 24
    • 3.4 Market Size Estimation 25
    • 3.5 Forecast Model 25

    4 Market Dynamics 26

    • 4.1 Introduction 27
    • 4.2 Drivers 28
      • 4.2.1 Growing prevalence of small intestinal disorders 28
      • 4.2.2 Increasing geriatric population 28
    • 4.3 Restraints 28
      • 4.3.1 Risks and complications of capsule endoscopy 28
      • 4.3.2 Lack of skilled physicians 28
    • 4.4 Opportunities 29
      • 4.4.1 Technological advancements in capsule endoscopy 29

    5 Market Factor Analysis 30

    • 5.1 Supply chain analysis 31
      • 5.1.1 R&D and Designing 31
      • 5.1.2 Manufacturing 31
      • 5.1.3 Distribution & Sales 31
      • 5.1.4 Post-Sales Monitoring 32
    • 5.2 Porter’s Five Forces Model 32
      • 5.2.1 Bargaining Power of Suppliers 32
      • 5.2.2 Bargaining Power of Buyers 33
      • 5.2.3 Threat of New Entrants 33
      • 5.2.5 Intense Rivalry 33

    6 Global Capsule Endoscopy Market, By Component 34

    • 6.1 Introduction 35
    • 6.2 Capsule endoscope 36
    • 6.3 Capsule Endoscopy Data Recorder 36
    • 6.4 Capsule Endoscopy Workstations 37

    7 Global Capsule Endoscopy Market, By Endoscope Type 38

    • 7.1 Introduction 39
    • 7.2 Capsule Cystoscopies 40
    • 7.3 Capsule Neuro-endoscopes 40

    8 Global Capsule Endoscopy Market, By Product 41

    • 8.1 Introduction 42
    • 8.2 Small Bowel Capsule 43
    • 8.3 Esophageal Capsule 43
    • 8.4 Colon Capsule 44

    9 Global Capsule Endoscopy Market, By Application 45

    • 9.1 Introduction 46
    • 9.2 Obscure gastrointestinal bleeding (OGIB) 47
    • 9.3 Crohn’s Disease 47
    • 9.4 Small intestine tumor 48

    10 Global Capsule Endoscopy Market, By End User 49

    • 10.1 Introduction 50
    • 10.2 Hospitals 51
    • 10.3 Clinics 51

    11 Global Capsule Endoscopy Market, By Region 52

    • 11.1 Introduction 53
    • 11.2 Americas 55
      • 11.2.1 North America 57
        • 11.2.1.1 US 60
        • 11.2.1.2 Canada 62
      • 11.2.2 South America 64
    • 11.3 Europe 66
      • 11.3.1 Western Europe 68
        • 11.3.1.1 Germany 71
        • 11.3.1.2 UK 73
        • 11.3.1.3 France 75
        • 11.3.1.4 Spain 77
        • 11.3.1.5 Italy 79
        • 11.3.1.6 Rest of Western Europe 81
      • 11.3.2 Eastern Europe 83
    • 11.4 Asia-Pacific 85
      • 11.4.1 China 87
      • 11.4.2 Japan 89
      • 11.4.3 India 91
      • 11.4.4 Australia 93
      • 11.4.5 South Korea 95
      • 11.4.6 Rest of Asia-Pacific 97
    • 11.5 Middle East & Africa 99
      • 11.5.1 Middle East 101
      • 11.5.2 Africa 103

    12 Competitive Landscape 105

    • 12.1 Competitive Scenario 106
      • 12.1.1 Introduction 106

    13 Global Capsule Endoscopy Market, by Shipment Data 107

    • 13.1 Global Level (Shipment Volume Data) 108
    • 13.2 Americas 109
      • 13.2.1 North America 109
        • 13.2.1.1 US 110
        • 13.2.1.2 Canada 110
      • 13.2.2 South America 110
    • 13.3 Europe 111
      • 13.3.1 Western Europe 111
        • 13.3.1.1 Germany 112
        • 13.3.1.2 UK 112
        • 13.3.1.3 France 113
        • 13.3.1.4 Italy 113
        • 13.3.1.5 Spain 113
        • 13.3.1.6 Rest of Western Europe 114
      • 13.3.2 Eastern Europe 114
    • 13.4 Asia-Pacific 115
      • 13.4.1 China 115
      • 13.4.2 Japan 116
      • 13.4.3 India 116
      • 13.4.4 Australia 116
      • 13.4.5 South Korea 117
      • 13.4.6 Rest of Asia-Pacific 117
    • 13.5 Middle East & Africa 118
      • 13.5.1 Middle East 119
      • 13.5.2 Africa 119

    14 Company Profiles 120

    • 14.1 Olympus Corporation 121
      • 14.1.1 Company Overview 121
      • 14.1.2 Financial Overview 121
      • 14.1.3 Products/Services Offered 122
      • 14.1.4 Key Developments 122
      • 14.1.5 SWOT Analysis 123
      • 14.1.6 Key Strategy 123
    • 14.2 RF Co. Ltd. 124
      • 14.2.1 Company Overview 124
      • 14.2.2 Financial Overview 124
      • 14.2.3 Products/Services Offered 124
      • 14.2.4 Key Developments 124
      • 14.2.5 SWOT Analysis 124
      • 14.2.6 Key Strategy 124
    • 14.3 IntroMedic Co., Ltd 125
      • 14.3.1 Company Overview 125
      • 14.3.2 Financial Overview 125
      • 14.3.3 Products/Services Offered 125
      • 14.3.4 Key Developments 125
      • 14.3.5 SWOT Analysis 125
      • 14.3.6 Key Strategy 126
    • 14.4 AccuRead Endoscopy Inc. 127
      • 14.4.1 Company Overview 127
      • 14.4.2 Financial Overview 127
      • 14.4.3 Products/Services Offered 127
      • 14.4.4 Key Developments 127
      • 14.4.5 SWOT Analysis 127
      • 14.4.6 Key Strategy 128
    • 14.5 Boston Scientific Corporation 129
      • 14.5.1 Company Overview 129
      • 14.5.2 Financial Overview 129
      • 14.5.3 Products/Services Offered 130
      • 14.5.4 Key Developments 130
      • 14.5.5 SWOT Analysis 130
      • 14.5.6 Key Strategy 130
    • 14.6 Medtronic Plc 131
      • 14.6.1 Company Overview 131
      • 14.6.2 Financial Overview 131
      • 14.6.3 Products/Services Offered 132
      • 14.6.4 Key Developments 132
      • 14.6.5 SWOT Analysis 132
      • 14.6.6 Key Strategy 133
    • 14.7 CapsoVision, Inc. 134
      • 14.7.1 Company Overview 134
      • 14.7.2 Financial Overview 134
      • 14.7.3 Products/Services Offered 134
      • 14.7.4 Key Developments 134
      • 14.7.5 SWOT Analysis 134
      • 14.7.6 Key Strategy 135
    • 14.8 Northside Gastroenterology Endoscopy Center, LLC 136
      • 14.8.1 Company Overview 136
      • 14.8.2 Financial Overview 136
      • 14.8.3 Products/Services Offered 136
      • 14.8.4 Key Developments 136
      • 14.8.5 SWOT Analysis 136
      • 14.8.6 Key Strategy 137
    • 14.9 Chongqing Jinshan Science & Technology Co. 138
      • 14.9.1 Company Overview 138
      • 14.9.2 Financial Overview 138
      • 14.9.3 Products/Services Offered 138
      • 14.9.4 Key Developments 138
      • 14.9.5 SWOT Analysis 138
      • 14.9.6 Key Strategy 139
    • 14.10 Interscope Inc 140
      • 14.10.1 Company Overview 140
      • 14.10.2 Financial Overview 140
      • 14.10.3 Products/Services Offered 140
      • 14.10.4 Key Developments 140
      • 14.10.5 SWOT Analysis 140
      • 14.10.6 Key Strategy 140
    • 14.11 Given Imaging Ltd. 141
      • 14.11.1 Company Overview 141
      • 14.11.2 Financial Overview 141
      • 14.11.3 Products/Services Offered 141
      • 14.11.4 Key Developments 141
      • 14.11.5 SWOT Analysis 141
      • 14.11.6 Key Strategy 142

    15 Appendix 143

    • 15.1 Discussion Blue Print 144
    Research Process

    Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.

    In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization

    FIGURE 1: DLR RESEARH PROCESS

    research-methodology1

    Primary Research

    Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.

    In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.

    It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.

    Secondary Research

    Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.

    Market Size Estimation

    Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.

    Forecast Model

    research-methodology2

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