The global capsule endoscopy market is expected to grow during the forecast period (2018 to 2023) at a CAGR ~8.7%.
Capsule endoscopy is used where traditional endoscopy is ineffective. Capsule endoscopy is done with the help of small vitamin size capsules. It helps to capture internal images of the digestive tract. Small camera, transmitter, battery, and light sources are used in capsule endoscopy. The receiver is placed near the waist to receive the images. Capsule endoscopy is useful in the diagnosis of gastrointestinal complications. It helps to diagnose small intestinal bleeding, chronic pain, ulcer, and abnormal tissue growth. The growing geriatric population, demand for fast and accurate diagnostic tools, and rising occurrences of gastrointestinal diseases are factors that are expected to drive the capsule endoscopy market during the forecast period. According to the European Patent Office (EPO), the PillCam SB video capsule has been used close to 1.5 million times by more than 5,000 medical facilities in more than 75 countries, establishing wireless capsule endoscopy as the global standard for small bowel diagnostics. It shows a prominent increase in the demand and acceptance of capsule endoscopy purposes.
The high cost of capsule endoscopy, limited reimbursement, and the risk of capsule retention may hamper the growth of the market during the assessment period.


Segmentation
The global capsule endoscopy market has been segmented on the basis of type, purpose, and application.
On the basis of type, the market has been classified as wireless capsule endoscopy and workstation and receiver capsule endoscopy.
The purpose segment has been further divided into investigation, diagnostics, treatment, and others.
The market, by application, has been segmented into Crohn's disease, intestine disease, GIT bleeding, and others. The market, by end-user, has been divided into clinics and hospitals, diagnostic centers, and medical research institutes.

Regional Analysis:
The Americas is likely to dominate the global capsule endoscopy market. The increase in inflammatory bowel diseases, government initiatives, technological advancements, and an increase in the number of colon cancer patients are the essential factors influencing the growth of the capsule endoscopy market in the Americas. According to the American Cancer Society, this year (2018) 95,520 people are likely to be diagnosed with colon cancer, 39,910 with rectal cancer, and 50,260 are likely to die from this disease.

Key Players :
Some of the key players in the global capsule endoscopy market are Given Imaging (Israel), IntroMedic Co., Ltd., Olympus Corporation, Fujifilm Holding Corporation, CapsoVision Inc., Chongqing Jinshan Science & Technology (Group) Co., Ltd, RF System lab, and Check-Cap Ltd
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