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Ingestible Smart Pills Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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    Report

  • 147 Pages
  • January 2024
  • Region: Global
  • Fairfield Market Research
  • ID: 5934382
Description Jump to:
The global healthcare landscape is undergoing a remarkable transformation with the emergence of smart pills, reshaping how medical treatments and diagnoses are delivered. The smart pills segment is leading this paradigm shift, projected to reach over US$1,000 Mn in 2024 and creating substantial opportunities for growth.

Smart Pills Dominate the Global Healthcare System

Smart pills have rapidly become a cornerstone of the global ingestible smart pills market, holding an impressive revenue share by the end of 2031. As we approach, this segment is expected to expand its market share by over 500 BPS (Basis Points) and establish its dominance, recording a market attractiveness index of 1.9 over the estimated period.

Catering to an Aging Population

One of the driving forces behind the ascent of smart pills is the growing elderly population with a predisposition to gastrointestinal disorders. Gastrointestinal diseases afflict millions annually, costing the United States an estimated $142 billion each year. Capsule endoscopes, a key component of smart pills, play a pivotal role in early diagnosis and treatment, positively impacting the smart pills segment.

User-Friendly Accessibility

Creators and developers are actively enhancing the usability and accessibility of smart pills, ensuring they offer valuable insights into user health. Most companies in the market provide user-friendly software that collects and interprets data, providing patients with suggestions to improve their lifestyle. The integration of Bluetooth connectivity with smartphones has further fueled demand for smart pills, enabling users to view data in a convenient, statistical format.

Home Healthcare Revolution

The healthcare landscape is witnessing a shift from hospitals to home care, driven by the desire for constant health monitoring and comfort. Sensor-embedded systems and diagnostic devices are enabling vital sign monitoring within the patient's home. This trend is adding significant value to various applications of sensors in drug delivery, fostering growth in the smart pills segment.

Smart Pills Dominating Global Markets

In North America, the smart pills segment reigns supreme, having dominated the ingestible smart pills market and projected to maintain its leadership. In Europe, Latin America, and the Asia-Pacific (APAC) region, the smart pills segment continues to rise, driven by increasing healthcare expenditure, high growth potential, and investment/expansion by companies.

The smart pills segment is on the cusp of revolutionizing healthcare delivery, offering unprecedented insights, convenience, and accessibility to patients. With continuous innovations and a growing market, smart pills are poised to shape the future of global healthcare.

Competitive Analysis:

The ingestible smart pills market exhibits a competitive landscape with various stakeholders actively participating in research, development, and commercialization.
  • BodyCap-Medical
  • Philips Respironics
  • Given Imaging Ltd.
  • Olympus Corporation
  • Proteus Digital Health, Inc.
  • CapsoVision, Inc.
  • Chongqing Jinshan Science and Component (Group) Co., Ltd.
  • Medimetrics
  • IntroMedic Co., Ltd.
  • Check-Cap Ltd.
  • Others

Market Segmentation

By Component

  • Smart Pills
  • Patient Monitoring
  • Capsule Endoscopy
  • Small Bowel Endoscopy
  • Esophagus Endoscopy
  • Colon Endoscopy
  • Workstation

By Application

  • Imaging
  • Monitoring

By End User

  • Hospitals
  • Clinics
  • Research Institutes
  • Home Healthcare

By Region

  • North America
  • Europe
  • Latin America
  • APAC


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Table of Contents

1. Executive Summary
1.1. Global Ingestible Smart Pills Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Ingestible Smart Pills Market Outlook, 2018 - 2031
3.1. Global Ingestible Smart Pills Market Outlook, by Component, Value (US$ Mn), 2018 - 2031
3.1.1. Key Highlights
3.1.1.1. Smart Pills
3.1.1.1.1. Patient Monitoring
3.1.1.1.2. Capsule Endoscopy
3.1.1.1.2.1. Small Bowel Endoscopy
3.1.1.1.2.2. Esophagus Endoscopy
3.1.1.1.2.3. Colon Endoscopy
3.1.1.2. Workstation
3.2. Global Ingestible Smart Pills Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
3.2.1. Key Highlights
3.2.1.1. Imaging
3.2.1.2. Monitoring
3.3. Global Ingestible Smart Pills Market Outlook, by End User, Value (US$ Mn), 2018 - 2031
3.3.1. Key Highlights
3.3.1.1. Hospitals
3.3.1.2. Clinics
3.3.1.3. Research Institutes
3.3.1.4. Home Healthcare
3.4. Global Ingestible Smart Pills Market Outlook, by Region, Value (US$ Mn), 2018 - 2031
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
4. North America Ingestible Smart Pills Market Outlook, 2018 - 2031
4.1. North America Ingestible Smart Pills Market Outlook, by Component, Value (US$ Mn), 2018 - 2031
4.1.1. Key Highlights
4.1.1.1. Smart Pills
4.1.1.1.1. Patient Monitoring
4.1.1.1.2. Capsule Endoscopy
4.1.1.1.2.1. Small Bowel Endoscopy
4.1.1.1.2.2. Esophagus Endoscopy
4.1.1.1.2.3. Colon Endoscopy
4.1.1.2. Workstation
4.2. North America Ingestible Smart Pills Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
4.2.1. Key Highlights
4.2.1.1. Imaging
4.2.1.2. Monitoring
4.3. North America Ingestible Smart Pills Market Outlook, by End User, Value (US$ Mn), 2018 - 2031
4.3.1. Key Highlights
4.3.1.1. Hospitals
4.3.1.2. Clinics
4.3.1.3. Research Institutes
4.3.1.4. Home Healthcare
4.3.2. BPS Analysis/Market Attractiveness Analysis
4.4. North America Ingestible Smart Pills Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
4.4.1. Key Highlights
4.4.1.1. U.S. Ingestible Smart Pills Market by Component, Value (US$ Mn), 2018 - 2031
4.4.1.2. U.S. Ingestible Smart Pills Market by Application, Value (US$ Mn), 2018 - 2031
4.4.1.3. U.S. Ingestible Smart Pills Market by End User, Value (US$ Mn), 2018 - 2031
4.4.1.4. Canada Ingestible Smart Pills Market by Component, Value (US$ Mn), 2018 - 2031
4.4.1.5. Canada Ingestible Smart Pills Market by Application, Value (US$ Mn), 2018 - 2031
4.4.1.6. Canada Ingestible Smart Pills Market by End User, Value (US$ Mn), 2018 - 2031
4.4.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Ingestible Smart Pills Market Outlook, 2018 - 2031
5.1. Europe Ingestible Smart Pills Market Outlook, by Component, Value (US$ Mn), 2018 - 2031
5.1.1. Key Highlights
5.1.1.1. Smart Pills
5.1.1.1.1. Patient Monitoring
5.1.1.1.2. Capsule Endoscopy
5.1.1.1.2.1. Small Bowel Endoscopy
5.1.1.1.2.2. Esophagus Endoscopy
5.1.1.1.2.3. Colon Endoscopy
5.1.1.2. Workstation
5.2. Europe Ingestible Smart Pills Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
5.2.1. Key Highlights
5.2.1.1. Imaging
5.2.1.2. Monitoring
5.3. Europe Ingestible Smart Pills Market Outlook, by End User, Value (US$ Mn), 2018 - 2031
5.3.1. Key Highlights
5.3.1.1. Hospitals
5.3.1.2. Clinics
5.3.1.3. Research Institutes
5.3.1.4. Home Healthcare
5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Europe Ingestible Smart Pills Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
5.4.1. Key Highlights
5.4.1.1. Germany Ingestible Smart Pills Market by Component, Value (US$ Mn), 2018 - 2031
5.4.1.2. Germany Ingestible Smart Pills Market by Application, Value (US$ Mn), 2018 - 2031
5.4.1.3. Germany Ingestible Smart Pills Market by End User, Value (US$ Mn), 2018 - 2031
5.4.1.4. U.K. Ingestible Smart Pills Market by Component, Value (US$ Mn), 2018 - 2031
5.4.1.5. U.K. Ingestible Smart Pills Market by Application, Value (US$ Mn), 2018 - 2031
5.4.1.6. U.K. Ingestible Smart Pills Market by End User, Value (US$ Mn), 2018 - 2031
5.4.1.7. France Ingestible Smart Pills Market by Component, Value (US$ Mn), 2018 - 2031
5.4.1.8. France Ingestible Smart Pills Market by Application, Value (US$ Mn), 2018 - 2031
5.4.1.9. France Ingestible Smart Pills Market by End User, Value (US$ Mn), 2018 - 2031
5.4.1.10. Italy Ingestible Smart Pills Market by Component, Value (US$ Mn), 2018 - 2031
5.4.1.11. Italy Ingestible Smart Pills Market by Application, Value (US$ Mn), 2018 - 2031
5.4.1.12. Italy Ingestible Smart Pills Market by End User, Value (US$ Mn), 2018 - 2031
5.4.1.13. Turkey Ingestible Smart Pills Market by Component, Value (US$ Mn), 2018 - 2031
5.4.1.14. Turkey Ingestible Smart Pills Market by Application, Value (US$ Mn), 2018 - 2031
5.4.1.15. Turkey Ingestible Smart Pills Market by End User, Value (US$ Mn), 2018 - 2031
5.4.1.16. Russia Ingestible Smart Pills Market by Component, Value (US$ Mn), 2018 - 2031
5.4.1.17. Russia Ingestible Smart Pills Market by Application, Value (US$ Mn), 2018 - 2031
5.4.1.18. Russia Ingestible Smart Pills Market by End User, Value (US$ Mn), 2018 - 2031
5.4.1.19. Rest of Europe Ingestible Smart Pills Market by Component, Value (US$ Mn), 2018 - 2031
5.4.1.20. Rest of Europe Ingestible Smart Pills Market by Application, Value (US$ Mn), 2018 - 2031
5.4.1.21. Rest of Europe Ingestible Smart Pills Market by End User, Value (US$ Mn), 2018 - 2031
5.4.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Ingestible Smart Pills Market Outlook, 2018 - 2031
6.1. Asia Pacific Ingestible Smart Pills Market Outlook, by Component, Value (US$ Mn), 2018 - 2031
6.1.1. Key Highlights
6.1.1.1. Smart Pills
6.1.1.1.1. Patient Monitoring
6.1.1.1.2. Capsule Endoscopy
6.1.1.1.2.1. Small Bowel Endoscopy
6.1.1.1.2.2. Esophagus Endoscopy
6.1.1.1.2.3. Colon Endoscopy
6.1.1.2. Workstation
6.2. Asia Pacific Ingestible Smart Pills Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
6.2.1. Key Highlights
6.2.1.1. Imaging
6.2.1.2. Monitoring
6.3. Asia Pacific Ingestible Smart Pills Market Outlook, by End User, Value (US$ Mn), 2018 - 2031
6.3.1. Key Highlights
6.3.1.1. Hospitals
6.3.1.2. Clinics
6.3.1.3. Research Institutes
6.3.1.4. Home Healthcare
6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. Asia Pacific Ingestible Smart Pills Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
6.4.1. Key Highlights
6.4.1.1. China Ingestible Smart Pills Market by Component, Value (US$ Mn), 2018 - 2031
6.4.1.2. China Ingestible Smart Pills Market by Application, Value (US$ Mn), 2018 - 2031
6.4.1.3. China Ingestible Smart Pills Market by End User, Value (US$ Mn), 2018 - 2031
6.4.1.4. Japan Ingestible Smart Pills Market by Component, Value (US$ Mn), 2018 - 2031
6.4.1.5. Japan Ingestible Smart Pills Market by Application, Value (US$ Mn), 2018 - 2031
6.4.1.6. Japan Ingestible Smart Pills Market by End User, Value (US$ Mn), 2018 - 2031
6.4.1.7. South Korea Ingestible Smart Pills Market by Component, Value (US$ Mn), 2018 - 2031
6.4.1.8. South Korea Ingestible Smart Pills Market by Application, Value (US$ Mn), 2018 - 2031
6.4.1.9. South Korea Ingestible Smart Pills Market by End User, Value (US$ Mn), 2018 - 2031
6.4.1.10. India Ingestible Smart Pills Market by Component, Value (US$ Mn), 2018 - 2031
6.4.1.11. India Ingestible Smart Pills Market by Application, Value (US$ Mn), 2018 - 2031
6.4.1.12. India Ingestible Smart Pills Market by End User, Value (US$ Mn), 2018 - 2031
6.4.1.13. Southeast Asia Ingestible Smart Pills Market by Component, Value (US$ Mn), 2018 - 2031
6.4.1.14. Southeast Asia Ingestible Smart Pills Market by Application, Value (US$ Mn), 2018 - 2031
6.4.1.15. Southeast Asia Ingestible Smart Pills Market by End User, Value (US$ Mn), 2018 - 2031
6.4.1.16. Rest of Asia Pacific Ingestible Smart Pills Market by Component, Value (US$ Mn), 2018 - 2031
6.4.1.17. Rest of Asia Pacific Ingestible Smart Pills Market by Application, Value (US$ Mn), 2018 - 2031
6.4.1.18. Rest of Asia Pacific Ingestible Smart Pills Market by End User, Value (US$ Mn), 2018 - 2031
6.4.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Ingestible Smart Pills Market Outlook, 2018 - 2031
7.1. Latin America Ingestible Smart Pills Market Outlook, by Component, Value (US$ Mn), 2018 - 2031
7.1.1. Key Highlights
7.1.1.1. Smart Pills
7.1.1.1.1. Patient Monitoring
7.1.1.1.2. Capsule Endoscopy
7.1.1.1.2.1. Small Bowel Endoscopy
7.1.1.1.2.2. Esophagus Endoscopy
7.1.1.1.2.3. Colon Endoscopy
7.1.1.2. Workstation
7.2. Latin America Ingestible Smart Pills Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
7.2.1. Key Highlights
7.2.1.1. Imaging
7.2.1.2. Monitoring
7.3. Latin America Ingestible Smart Pills Market Outlook, by End User, Value (US$ Mn), 2018 - 2031
7.3.1. Key Highlights
7.3.1.1. Hospitals
7.3.1.2. Clinics
7.3.1.3. Research Institutes
7.3.1.4. Home Healthcare
7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Latin America Ingestible Smart Pills Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
7.4.1. Key Highlights
7.4.1.1. Brazil Ingestible Smart Pills Market by Component, Value (US$ Mn), 2018 - 2031
7.4.1.2. Brazil Ingestible Smart Pills Market by Application, Value (US$ Mn), 2018 - 2031
7.4.1.3. Brazil Ingestible Smart Pills Market by End User, Value (US$ Mn), 2018 - 2031
7.4.1.4. Mexico Ingestible Smart Pills Market by Component, Value (US$ Mn), 2018 - 2031
7.4.1.5. Mexico Ingestible Smart Pills Market by Application, Value (US$ Mn), 2018 - 2031
7.4.1.6. Mexico Ingestible Smart Pills Market by End User, Value (US$ Mn), 2018 - 2031
7.4.1.7. Argentina Ingestible Smart Pills Market by Component, Value (US$ Mn), 2018 - 2031
7.4.1.8. Argentina Ingestible Smart Pills Market by Application, Value (US$ Mn), 2018 - 2031
7.4.1.9. Argentina Ingestible Smart Pills Market by End User, Value (US$ Mn), 2018 - 2031
7.4.1.10. Rest of Latin America Ingestible Smart Pills Market by Component, Value (US$ Mn), 2018 - 2031
7.4.1.11. Rest of Latin America Ingestible Smart Pills Market by Application, Value (US$ Mn), 2018 - 2031
7.4.1.12. Rest of Latin America Ingestible Smart Pills Market by End User, Value (US$ Mn), 2018 - 2031
7.4.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Ingestible Smart Pills Market Outlook, 2018 - 2031
8.1. Middle East & Africa Ingestible Smart Pills Market Outlook, by Component, Value (US$ Mn), 2018 - 2031
8.1.1. Key Highlights
8.1.1.1. Smart Pills
8.1.1.1.1. Patient Monitoring
8.1.1.1.2. Capsule Endoscopy
8.1.1.1.2.1. Small Bowel Endoscopy
8.1.1.1.2.2. Esophagus Endoscopy
8.1.1.1.2.3. Colon Endoscopy
8.1.1.2. Workstation
8.2. Middle East & Africa Ingestible Smart Pills Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
8.2.1. Key Highlights
8.2.1.1. Imaging
8.2.1.2. Monitoring
8.3. Middle East & Africa Ingestible Smart Pills Market Outlook, by End User, Value (US$ Mn), 2018 - 2031
8.3.1. Key Highlights
8.3.1.1. Hospitals
8.3.1.2. Clinics
8.3.1.3. Research Institutes
8.3.1.4. Home Healthcare
8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Middle East & Africa Ingestible Smart Pills Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
8.4.1. Key Highlights
8.4.1.1. GCC Ingestible Smart Pills Market by Component, Value (US$ Mn), 2018 - 2031
8.4.1.2. GCC Ingestible Smart Pills Market by Application, Value (US$ Mn), 2018 - 2031
8.4.1.3. GCC Ingestible Smart Pills Market by End User, Value (US$ Mn), 2018 - 2031
8.4.1.4. South Africa Ingestible Smart Pills Market by Component, Value (US$ Mn), 2018 - 2031
8.4.1.5. South Africa Ingestible Smart Pills Market by Application, Value (US$ Mn), 2018 - 2031
8.4.1.6. South Africa Ingestible Smart Pills Market by End User, Value (US$ Mn), 2018 - 2031
8.4.1.7. Egypt Ingestible Smart Pills Market by Component, Value (US$ Mn), 2018 - 2031
8.4.1.8. Egypt Ingestible Smart Pills Market by Application, Value (US$ Mn), 2018 - 2031
8.4.1.9. Egypt Ingestible Smart Pills Market by End User, Value (US$ Mn), 2018 - 2031
8.4.1.10. Nigeria Ingestible Smart Pills Market by Component, Value (US$ Mn), 2018 - 2031
8.4.1.11. Nigeria Ingestible Smart Pills Market by Application, Value (US$ Mn), 2018 - 2031
8.4.1.12. Nigeria Ingestible Smart Pills Market by End User, Value (US$ Mn), 2018 - 2031
8.4.1.13. Rest of Middle East & Africa Ingestible Smart Pills Market by Component, Value (US$ Mn), 2018 - 2031
8.4.1.14. Rest of Middle East & Africa Ingestible Smart Pills Market by Application, Value (US$ Mn), 2018 - 2031
8.4.1.15. Rest of Middle East & Africa Ingestible Smart Pills Market by End User, Value (US$ Mn), 2018 - 2031
8.4.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. By Component vs by Application Heat map
9.2. Company Market Share Analysis, 2023
9.3. Competitive Dashboard
9.4. Company Profiles
9.4.1. BodyCap-Medical
9.4.1.1. Company Overview
9.4.1.2. Product Portfolio
9.4.1.3. Financial Overview
9.4.1.4. Business Strategies and Development
9.4.2. Philips Respironics
9.4.2.1. Company Overview
9.4.2.2. Product Portfolio
9.4.2.3. Financial Overview
9.4.2.4. Business Strategies and Development
9.4.3. Given Imaging Ltd.
9.4.3.1. Company Overview
9.4.3.2. Product Portfolio
9.4.3.3. Financial Overview
9.4.3.4. Business Strategies and Development
9.4.4. Olympus Corporation
9.4.4.1. Company Overview
9.4.4.2. Product Portfolio
9.4.4.3. Financial Overview
9.4.4.4. Business Strategies and Development
9.4.5. Proteus Digital Health, Inc.
9.4.5.1. Company Overview
9.4.5.2. Product Portfolio
9.4.5.3. Financial Overview
9.4.5.4. Business Strategies and Development
9.4.6. CapsoVision, Inc.
9.4.6.1. Company Overview
9.4.6.2. Product Portfolio
9.4.6.3. Financial Overview
9.4.6.4. Business Strategies and Development
9.4.7. Chongqing Jinshan Science and Component (Group) Co., Ltd.
9.4.7.1. Company Overview
9.4.7.2. Product Portfolio
9.4.7.3. Financial Overview
9.4.7.4. Business Strategies and Development
9.4.8. Medimetrics
9.4.8.1. Company Overview
9.4.8.2. Product Portfolio
9.4.8.3. Financial Overview
9.4.8.4. Business Strategies and Development
9.4.9. IntroMedic Co., Ltd.
9.4.9.1. Company Overview
9.4.9.2. Product Portfolio
9.4.9.3. Financial Overview
9.4.9.4. Business Strategies and Development
9.4.10. Check-Cap Ltd.
9.4.10.1. Company Overview
9.4.10.2. Product Portfolio
9.4.10.3. Financial Overview
9.4.10.4. Business Strategies and Development
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

Companies Mentioned

  • BodyCap-Medical
  • Philips Respironics
  • Given Imaging Ltd.
  • Olympus Corporation
  • Proteus Digital Health, Inc.
  • CapsoVision, Inc.
  • Chongqing Jinshan Science and Component (Group) Co., Ltd.
  • Medimetrics
  • IntroMedic Co., Ltd.
  • Check-Cap Ltd.

Methodology

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