Capsule Endoscopy Market Size, Share, Growth Analysis, By Product(Capsule Endoscope, Work Stations & Recorders), By Application(Small Intestine Disorder, Esophageal Disorder, Colonic Disorder), By End User(Hospitals, Diagnostic Laboratories, Specialty Clinics), By Region - Industry Forecast 2024-2031

Due to the increasing demand for capsule-based endoscopes and endoscopic systems for various screening and diagnostic procedures, there is intense competition among the existing providers. The rivalry is also growing as a result of technological developments made in the field of endoscopy by important players. Prominent market players are taking steps to grow their R&D in the field of capsule-based endoscopic technologies, as well as strategic alliances with other market competitors through mergers and acquisitions, product launches, collaborations, and other activities. IntroMedic Co., Ltd., Olympus Corporation, Chongqing Jinshan Science & Technology (Group) Co., Ltd., RF System lab, and CapsoVision are a few of the key players in the capsule endoscopy market.

Capsule Endoscopy Market Top Players Company Profiles

• Medtronic
• Olympus Corporation
• IntroMedic Co., Ltd.
• Fujifilm Holding Corporation
• CapsoVision, Inc.
• RF System lab
• Given Imaging Ltd. (A subsidiary of Medtronic)
• Chongqing Jinshan Science & Technology (Group) Co., Ltd.
• Intromedic
• RF System Lab
• Check-Cap
• Medisafe Distribution Inc.
• Jinshan Science & Technology Group Co., Ltd.
• CapsoVision
• Covidien Ltd.
• Stryker Corporation
• EndoChoice, Inc.
• Boston Scientific Corporation
• Pentax Medical (Hoya Corporation)
• SMART Medical Systems Ltd.

Capsule Endoscopy Market Recent Development

• In November 2021, Medtronic plc announced FDA approval for its PillCam equipment for remote endoscopic treatments. The PillCam SB3 program combines the company’s PillCam technologies with Amazon logistics, aiming to provide customers with rapid and accurate findings from the comforts of home.
• In February 2020, Medtronic announced its partnership with Amazon for home delivery of its capsule endoscope-PillCam Genius. It will help in increasing its penetration at a global level and enhancing patient comfort and satisfaction.
• In January 2020, a new clinical trial was initiated to assess the new Artificial Intelligence technique which can help the medical experts check each part of the gastric during the capsule endoscopy. The AI has been designed to help in enhancing the quality of Magnet Controlled Endoscopy. The Title of the clinical trial is registered as ‘Computer Assisted Quality-monitoring for Magnet-controlled Capsule Endoscopy’.