Capsule endoscopy devices, which employ tiny, ingestible camera-equipped capsules to capture and transmit images of the digestive tract, are becoming increasingly popular for the diagnosis of gastrointestinal disorders. Capsule endoscopy devices have some advantages over traditional endoscopes, such as improved patient comfort and fewer complications, and are gaining traction in North America. According to projections from GlobalData, the capsule endoscopy market is expected to see a compound annual growth rate (CAGR) of 6.2% between 2024 and 2034.
Within the North American region, Canada is anticipated to see the strongest growth at 7% CAGR, followed by Mexico with 6.2% and the US with 6.1%.
The US makes up the largest portion of the North American capsule endoscopy market. Market growth in North America is largely driven by the increasing population, the rising incidence of gastrointestinal diseases and a growing preference among patients and providers for minimally invasive procedures. Technological advancements aimed at enhancing imaging quality and the control capabilities of these capsule devices are further accelerating market adoption.
Capsule endoscopy involves the utilisation of small medical devices, typically weighing between 1.9 grams and 4 grams. These capsules are equipped with a battery, light source, camera and transmitter. Once ingested by the patient, the capsule travels through the digestive tract, transmitting detailed images from the oesophagus, stomach and small bowel to an external receiver.
The market is growing as new applications for capsule endoscopy emerge, replacing traditional endoscopic procedures. Medtronic holds a dominant position in North America, with 89.4% of market share. Continued innovation and expanded indications for capsule endoscopy are expected to sustain robust market growth throughout the forecast period.
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By GlobalData