Capsule Endoscopy Market Size

Capsule Endoscopy Market size was valued at around USD 682.6 million in 2022 and it is estimated to reach over USD 1.6 billion in 2032. Increasing prevalence of gastrointestinal disorders (GI), cancer and other chronic ailments has increased the demand for minimally invasive procedures thereby increasing the adoption of capsule endoscopes.  

Moreover, increasing awareness and screening initiatives for early detection and diagnosis of gastrointestinal disorders has fostered the market growth. Governments and healthcare organizations have implemented screening programs, which include capsule endoscopy, to detect conditions like colorectal cancer, lung cancer and Crohn's disease.

Technological innovations have played a crucial role in the growth of the capsule endoscopy market. Advancements in image quality, battery life, and software algorithms have enhanced the diagnostic capabilities and user experience of capsule endoscopy devices. Rising healthcare spending for providing better healthcare infrastructure, increasing disposable income and rising government initiatives are some of the major factors responsible for increased adoption of capsule endoscopy globally.

Capsule endoscopes are large pill shaped devices installed with lens, light, camera, radio transmitter, and a battery. These devices are used to observe the internal section of the intestines and other parts of the digestive tract.

However, high cost of capsule endoscopy procedures can be a significant barrier and impede the capsule endoscopy market growth. The cost of capsule endoscopy includes the equipment, capsules, and associated services, that are relatively expensive. For instance, the cost of capsule endoscope is around USD 1,000 to USD 2,500 and may vary according to the technology incorporated in these devices.

Moreover, an average cost of capsule endoscopy can range anywhere from USD 1,500 to USD 3,000. This high cost poses challenges for widespread adoption, particularly in resource-constrained healthcare facilities and regions with limited healthcare budgets These factors can limit the accessibility and affordability, potentially hindering the adoption of capsule endoscopy. Additionally, inadequate reimbursement coverage can deter healthcare providers from offering capsule endoscopy services, impacting market growth.