Leading Companies in the Healthcare Sector Fuelling the Global Smart Pills Market

CapsoVision, Inc., Olympus Corporation, Medtronic Plc, Koninklijke Philips N.V., and Proteus Digital Health, Inc., among others, are the major players in the global market for smart pills.

As per the analysis by Expert Market Research, the global smart pills market is expected to grow at a CAGR of 13% in the forecast period of 2022-2027, owing to the rising number of health disorders.

The increase in the number of people suffering from gastrointestinal, liver, and pancreatic disorders has put a lot of pressure on the healthcare system, which will likely drive the market growth.

North America is estimated to be one of the leading regions in the market due to the rising disease complexity, adoption of new technologies in the healthcare sector, and strong healthcare infrastructure. The Asia Pacific region is also expected to be a significant region in the smart pills market due to the increasing number of research and academic organisations, rise in people's disposable incomes, and development of technologies.

Europe has also had a substantial market share throughout the historical period, and this share is anticipated to grow during the forecast period as a result of Western Europe's developed medical infrastructure, high diagnostic and care rates, and technological advancements.

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Top 5 Global Smart Pills Companies:

CapsoVision, Inc.

CapsoVision is a global innovator of medical devices which specialises in diagnostic imaging of the gastrointestinal system. Their flagship CapsoCam Plus, designed to improve diagnostic capabilities, provides a full 360-degree lateral view of the bowel mucosa. They facilitate greater healthcare outcomes for doctors and patients by creating cutting-edge technologies.

Olympus Corporation

Olympus Corporation is one of the leading manufacturers of innovative digital and practical technologies, which are provided to medical systems and scientific research. Olympus has focused on assisting in the detection, prevention, and treatment of disease, advancing scientific research, and maintaining public safety in order to make people's lives healthier, safer, and more rewarding.

Medtronic Plc

Medtronic Plc is one of the global leaders in medical technology, solutions, and services and collaborates with others to solve challenges in the healthcare sector. The company has 76 manufacturing units and operates in more than 150 countries. More than 90,000 employees work for them worldwide. They have 21 labs and research development sites under them.

Koninklijke Philips N.V.

Koninklijke Philips, one of the leading MedTech companies, is a global technology company that develops innovations for the well-being and better health of the people. The company provides the clinical tools to make a precise diagnosis and deliver personalised treatment.

Proteus Digital Health, Inc.

Proteus is creating a new category of pharmaceuticals: Digital Medicines. Drugs that communicate when taken, wearable sensors that record the physiological reaction, patient self-care applications, physician decision-support software, and data analytics to meet the demands of physicians and healthcare systems are all examples of digital medicine. The purpose of digital medicine is to empower patients and their families, give doctors and healthcare organisations greater tools to manage risk, and guarantee that results are consistently obtained.