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Smart Pills Market Size, Share & Trends Analysis Report by Application (Product, Tools, Patient Monitoring Software), Region (North America, Europe, Asia Pacific, Latin America, MEA), and Segment Forecasts, 2023-2030

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    Report

  • 100 Pages
  • November 2023
  • Region: Global
  • Grand View Research
  • ID: 5914478
Description Jump to:
The global smart pills market size is expected to reach USD 4.09 billion by 2030, registering a CAGR of 11.4% during the forecast period, according to the report. An increase in prevalence of diseases such as colorectal cancer and gastrointestinal disorders, expansion in the geographical reach of major players, rising cancer screening awareness programs, and expeditious FDA approvals are prime factors that are expected to drive the market growth over the forecast period.

Smart pills have transformed the landscape of small bowel, colon, and gastrointestinal endoscopy by providing a non-invasive and accurate method for visualizing distal duodenum, jejunum, small bowel, colon, gastrointestinal, and ileum. Smart pills are mostly used for screening and treatment of diseases such as colorectal cancer, gastroparesis, gastric ulcers, and gastroesophageal disorders.

Consumers of smart pills mostly include geriatric population, immobile patients, and patients with paralysis. Considering the steady rise in geriatric population around the globe, the demand for advanced medical devices will also increase as they offer a degree of convenience to patients. Established players in this market are enhancing their portfolio by upgrading existing devices. On the other hand, new players are focused on capturing emerging economies with breakthrough products that are both advanced and affordable.

Smart Pills Market Report Highlights

  • Capsule endoscopy is the largest application segment owing to factors such as growth in cancer screening awareness programs, increase in the incidence of Crohn’s disease and bowel cancer, and an increase in demand for minimally invasive procedures
  • North America is the dominant region with the largest revenue share. The wide availability of products, favorable reimbursement policies, increase in government investments in healthcare, and an overall rise in healthcare expenditure support market growth
  • Asia Pacific is expected to witness the fastest growth over the forecast period. Factors, such as an increase in disposable income, mandatory healthcare insurance, and rise in healthcare expenditure are expected to drive the market
  • Commercially available smart pills include PillCam Capsule, ABILIFY MYCITE, CapsoCam, and Olympus Endocapsule
  • Key players in the smart pills market include Medtronic, Olympus Corporation, Proteus Digital Health, MediSafe, and CapsoVision

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Application
1.1.2. Regional scope
1.1.3. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. Internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.4.1. Data analysis models
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Application
2.2.2. Regional outlook
2.3. Competitive Insights
Chapter 3. Smart Pills Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.2. Market restraint analysis
3.4. Smart Pills Market Analysis Tools
3.4.1. Industry Analysis - Porter’s
3.4.1.1. Supplier power
3.4.1.2. Buyer power
3.4.1.3. Substitution threat
3.4.1.4. Threat of new entrant
3.4.1.5. Competitive rivalry
3.4.2. PESTEL Analysis
3.4.2.1. Political landscape
3.4.2.2. Technological landscape
3.4.2.3. Economic landscape
Chapter 4. Smart Pills Market: Application Estimates & Trend Analysis
4.1. Smart Pills Market: Key Takeaways
4.2. Smart Pills Market: Movement & Market Share Analysis, 2022 & 2030
4.3. Product
4.3.1. Product market estimates and forecasts, 2018 to 2030 (USD Million)
4.3.1.1. Capsule Endoscopy
4.3.1.1.1. Capsule Endoscopy market estimates and forecasts, 2018 to 2030 (USD Billion)
4.3.1.2. Drug Delivery
4.3.1.2.1. Drug Delivery market estimates and forecasts, 2018 to 2030 (USD Billion)
4.4. Tools
4.4.1. Tools market estimates and forecasts, 2018 to 2030 (USD Million)
4.5. Patient Monitoring Software
4.5.1. Patient monitoring software market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 5. Smart Pills Market: Regional Estimates & Trend Analysis
5.1. Regional Outlook
5.2. Smart Pills Market by Region: Key Takeaway
5.3. North America
5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.3.2. U.S.
5.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.3.3. Canada
5.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.4. Europe
5.4.1. UK
5.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.4.2. Germany
5.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.4.3. France
5.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.4.4. Italy
5.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.4.5. Spain
5.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.4.6. Denmark
5.4.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.4.7. Sweden
5.4.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.4.8. Norway
5.4.8.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.5. Asia Pacific
5.5.1. Japan
5.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.5.2. China
5.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.5.3. India
5.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.5.4. Australia
5.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.5.5. Thailand
5.5.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.5.6. South Korea
5.5.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.6. Latin America
5.6.1. Brazil
5.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.6.2. Mexico
5.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.6.3. Argentina
5.6.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.7. MEA
5.7.1. South Africa
5.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.7.2. Saudi Arabia
5.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.7.3. UAE
5.7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
5.7.4. Kuwait
5.7.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
Chapter 6. Competitive Landscape
6.1. Recent Developments & Impact Analysis, By Key Participants
6.2. Company/Competition Categorization
6.2.1. Medtronic
6.2.1.1. Company overview
6.2.1.2. Financial performance
6.2.1.3. Product benchmarking
6.2.1.4. Strategic initiatives
6.2.2. Otsuka Holdings Co., Ltd.
6.2.2.1. Company overview
6.2.2.2. Financial performance
6.2.2.3. Product benchmarking
6.2.2.4. Strategic initiatives
6.2.3. CapsoVision, Inc.
6.2.3.1. Company overview
6.2.3.2. Financial performance
6.2.3.3. Product benchmarking
6.2.3.4. Strategic initiatives
6.2.4. Olympus Corporation
6.2.4.1. Company overview
6.2.4.2. Financial performance
6.2.4.3. Product benchmarking
6.2.4.4. Strategic initiatives
6.2.5. Medisafe
6.2.5.1. Company overview
6.2.5.2. Financial performance
6.2.5.3. Product benchmarking
6.2.5.4. Strategic initiatives
List of Tables
Table 1 List of Abbreviation
Table 2 North America smart pills market, by application, 2018 - 2030 (USD Million)
Table 3 North America smart pills market, by region, 2018 - 2030 (USD Million)
Table 4 U.S. smart pills market, by application, 2018 - 2030 (USD Million)
Table 5 Canada smart pills market, by application, 2018 - 2030 (USD Million)
Table 6 Europe smart pills market, by application, 2018 - 2030 (USD Million)
Table 7 Europe smart pills market, by region, 2018 - 2030 (USD Million)
Table 8 UK smart pills market, by application, 2018 - 2030 (USD Million)
Table 9 Germany smart pills market, by application, 2018 - 2030 (USD Million)
Table 10 France smart pills market, by application, 2018 - 2030 (USD Million)
Table 11 Italy smart pills market, by application, 2018 - 2030 (USD Million)
Table 12 Spain smart pills market, by application, 2018 - 2030 (USD Million)
Table 13 Denmark smart pills market, by application, 2018 - 2030 (USD Million)
Table 14 Sweden smart pills market, by application, 2018 - 2030 (USD Million)
Table 15 Norway smart pills market, by application, 2018 - 2030 (USD Million)
Table 16 Asia Pacific smart pills market, by application, 2018 - 2030 (USD Million)
Table 17 Asia Pacific smart pills market, by region, 2018 - 2030 (USD Million)
Table 18 Japan smart pills market, by application, 2018 - 2030 (USD Million)
Table 19 China smart pills market, by application, 2018 - 2030 (USD Million)
Table 20 India smart pills market, by application, 2018 - 2030 (USD Million)
Table 21 Australia smart pills market, by application, 2018 - 2030 (USD Million)
Table 22 Thailand smart pills market, by application, 2018 - 2030 (USD Million)
Table 23 South Korea smart pills market, by application, 2018 - 2030 (USD Million)
Table 24 Latin America smart pills market, by application, 2018 - 2030 (USD Million)
Table 25 Latin America smart pills market, by region, 2018 - 2030 (USD Million)
Table 26 Brazil smart pills market, by application, 2018 - 2030 (USD Million)
Table 27 Mexico smart pills market, by application, 2018 - 2030 (USD Million)
Table 28 Argentina smart pills market, by application, 2018 - 2030 (USD Million)
Table 29 Middle East and Africa smart pills market, by application, 2018 - 2030 (USD Million)
Table 30 Middle East and Africa smart pills market, by region, 2018 - 2030 (USD Million)
Table 31 South Africa smart pills market, by application, 2018 - 2030 (USD Million)
Table 32 Saudi Arabia smart pills market, by application, 2018 - 2030 (USD Million)
Table 33 UAE smart pills market, by application, 2018 - 2030 (USD Million)
Table 34 Kuwait smart pills market, by application, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 QFD modeling for market share assessment
Fig. 6 Market formulation & validation
Fig. 7 Smart pills removal: market outlook
Fig. 8 Smart pills competitive insights
Fig. 9 Parent market outlook
Fig. 10 Related/ancillary market outlook
Fig. 11 Penetration and growth prospect mapping
Fig. 12 Smart pills market driver impact
Fig. 13 Smart pills market restraint impact
Fig. 14 Smart pills market strategic initiatives analysis
Fig. 15 Smart pills market: Application movement analysis
Fig. 16 Smart pills market: Application outlook and key takeaways
Fig. 17 Product market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 18 Tools market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 19 Patient Monitoring Software market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 20 Global smart pills market: Regional movement analysis
Fig. 21 Global smart pills market: Regional outlook and key takeaways
Fig. 22 North America market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 23 U.S. market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 24 Canada market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 25 Europe market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 26 UK market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 27 Germany market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 28 France market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 29 Italy market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 30 Spain market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 31 Denmark market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 32 Sweden market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 33 Norway market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 34 Asia Pacific market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 35 Japan market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 36 China market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 37 India market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 38 Australia market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 39 Thailand market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 40 South Korea market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 41 Latin America market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 42 Brazil market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 43 Mexico market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 44 Argentina market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 45 Middle East and Africa. market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 46 South Africa market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 47 Saudi Arabia market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 48 UAE market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 49 Kuwait market estimates and forecasts, 2018 - 2030 (USD Million)

Companies Profiled

  • Medtronic
  • Otsuka Holdings Co., Ltd.
  • CapsoVision, Inc.
  • Olympus Corporation
  • Medisafe

Methodology

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Table Information

Report AttributeDetails
No. of Pages100
PublishedNovember 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 1.67 Billion
Forecasted Market Value ( USD ) by 2030 $ 4.09 Billion
Compound Annual Growth Rate11.4%
Regions CoveredGlobal
No. of Companies Mentioned5

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About the Smart Pill Market

The Smart Pill market is a subset of the Medical Devices industry, focusing on ingestible devices that are used to diagnose and monitor a patient's health. These devices are typically swallowed and travel through the digestive tract, allowing for the collection of data such as pH levels, temperature, and pressure. This data is then transmitted to a receiver, which can be used to monitor the patient's health. Smart Pills are used to diagnose a variety of conditions, including gastrointestinal disorders, cardiovascular diseases, and neurological disorders. The Smart Pill market is growing rapidly, driven by advances in technology and the increasing demand for non-invasive diagnostic tools. The market is expected to continue to grow in the coming years, as more healthcare providers adopt the technology. Some companies in the Smart Pill market include Proteus Digital Health, Medimetrics, and CapsoVision. Show Less Read more

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