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Global Smart Pills Market: By Disease Indication: Oesophageal Diseases, Colon Diseases, Small Bowel Diseases, Others; By Target Area; By Application; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Smart Pills Market Outlook
The global smart pills market is expected to grow at a CAGR of 13% in the forecast period of 2023-2028 to reach a value of around USD 3.2 billion by 2026.
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North America Leading the Global Market for Smart Pills
North America is one of the leading markets in the world and is expected to grow significantly during the forecast period. The demand for smart pills in North America is mainly driven by a growing geriatric population, rising disease complexity, strong healthcare infrastructure, the involvement of key companies, and an increasing trend towards the adoption of new technologies in the healthcare sector in the region. Europe also held a significant market share in 2020, which is expected to increase during the forecast period due to the robust medical infrastructure and high diagnostic and care rates in Western Europe and technological advancements.
The Asia Pacific region is also expected to witness a robust growth in the coming years. Factors that contribute to the growth of the smart pills industry in the Asia Pacific include the large population base, the presence of small companies in China and Japan, the rise in people's disposable incomes, technological development, and an increasing trend in research in academic organisations in the area.
Smart Pills: Market Segmentation
Smart pills, variously known as digital pills, are drugs administered to patients who are fitted with edible electronic sensors that transmit wireless signals to devices, such as patches, tablets, or smartphones, outside the body when they are swallowed.
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The disease indications considered in the market can be divided into the following:
- Oesophageal Diseases
- Colon Diseases
- Small Bowel Diseases
- Others
The target area can be segmented as follows:
- Large Intestine
- Small Intestine
- Stomach
- Oesophagus
- Others
Smart pills find wide applications in the following segments:
- Capsule Endoscopy
- Patient Monitoring
- Drug Delivery
- Others
The end-uses for the product include:
- Diagnostic Centres
- Hospitals
- Research Institutes
- Others
The regional markets for smart pills can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Health Disorders Bolstering the Market Growth of Smart Pills
The rise in the number of people suffering from gastrointestinal disorders would have a positive effect on the growth of the market over the projected period. Gastrointestinal, pancreatic, and liver disorders are a key source of substantial mortality, morbidity, and stress on the healthcare system throughout the globe. The high prevalence of liver and gastrointestinal diseases has led to a significant amount of pressure on the healthcare system, boosting the market growth. Other factors driving the growth of the market include the rising population, growing disposable incomes, and the growing medical sector.
Key Industry Players in the Global Smart Pills Market
The report gives a detailed analysis of the following key players in the global smart pills market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- CapsoVision, Inc.
- Olympus Corporation
- Medtronic Plc
- Koninklijke Philips N.V.
- Proteus Digital Health, Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Disease Indication, Target Area, Application, End Use, Region |
| Breakup by Disease Indication | Oesophageal Diseases, Colon Diseases, Small Bowel Diseases, Others |
| Breakup by Target Area | Large Intestine, Small Intestine, Stomach, Oesophagus, Others |
| Breakup by Application | Capsule Endoscopy, Patient Monitoring, Drug Delivery, Others |
| Breakup by End Use | Diagnostic Centres, Hospitals, Research Institutes, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | CapsoVision, Inc., Olympus Corporation, Medtronic Plc, Koninklijke Philips N.V., Proteus Digital Health, Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Smart Pills Market Analysis
8.1 Key Industry Highlights
8.2 Global Smart Pills Historical Market (2018-2022)
8.3 Global Smart Pills Market Forecast (2023-2028)
8.4 Global Smart Pills Market by Disease Indication
8.4.1 Oesophageal Diseases
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Colon Diseases
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Small Bowel Diseases
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Smart Pills Market by Target Area
8.5.1 Large Intestine
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Small Intestine
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Stomach
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Oesophagus
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Smart Pills Market by Application
8.6.1 Capsule Endoscopy
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Patient Monitoring
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Drug Delivery
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Smart Pills Market by End Use
8.7.1 Diagnostic Centres
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Hospitals
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Research Institutes
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Others
8.8 Global Smart Pills Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
9 North America Smart Pills Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Smart Pills Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Smart Pills Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Smart Pills Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Smart Pills Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 CapsoVision, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Olympus Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Medtronic Plc
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Koninklijke Philips N.V.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Proteus Digital Health, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Smart Pills Market: Key Industry Highlights, 2018 and 2028
2. Global Smart Pills Historical Market: Breakup by Disease Indication (USD Million), 2018-2022
3. Global Smart Pills Market Forecast: Breakup by Disease Indication (USD Million), 2023-2028
4. Global Smart Pills Historical Market: Breakup by Target Area (USD Million), 2018-2022
5. Global Smart Pills Market Forecast: Breakup by Target Area (USD Million), 2023-2028
6. Global Smart Pills Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Smart Pills Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Smart Pills Historical Market: Breakup by End Use (USD Million), 2018-2022
9. Global Smart Pills Market Forecast: Breakup by End Use (USD Million), 2023-2028
10. Global Smart Pills Historical Market: Breakup by Region (USD Million), 2018-2022
11. Global Smart Pills Market Forecast: Breakup by Region (USD Million), 2023-2028
12. North America Smart Pills Historical Market: Breakup by Country (USD Million), 2018-2022
13. North America Smart Pills Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Europe Smart Pills Historical Market: Breakup by Country (USD Million), 2018-2022
15. Europe Smart Pills Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Asia Pacific Smart Pills Historical Market: Breakup by Country (USD Million), 2018-2022
17. Asia Pacific Smart Pills Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Latin America Smart Pills Historical Market: Breakup by Country (USD Million), 2018-2022.
19. Latin America Smart Pills Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Middle East and Africa Smart Pills Historical Market: Breakup by Country (USD Million), 2018-2022
21. Middle East and Africa Smart Pills Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Global Smart Pills Market Structure
Key Questions Answered in the Report
The global smart pills market is projected to grow at a CAGR of 13% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 3.2 billion by 2026.
The growth of the market is being driven by factors like rising population, growing disposable incomes, growing number of people suffering from gastrointestinal disorders, technological advancements, rising geriatric population, increasing disease complexity, and the thriving healthcare sector.
The rising cases of health disorders and growing investments into the healthcare sector are the key industry trends driving the market growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading disease indications in the market are oesophageal diseases, colon diseases, and small bowel diseases, among others.
The major target areas of smart pills in the industry are large intestine, small intestine, stomach, and oesophagus, among others.
The significant application segments in the market are capsule endoscopy, patient monitoring, and drug delivery, among others.
The leading end use sectors in the industry are diagnostic centres, hospitals, and research institutes, among others.
The major players in the industry are CapsoVision, Inc., Olympus Corporation, Medtronic Plc, Koninklijke Philips N.V., and Proteus Digital Health, Inc., among others.
Analyst Review
The global smart pills market is being driven by the growing geriatric population. Aided by the increasing technological advancements, the market is expected to witness a robust growth in the forecast period of 2023-2028, growing at a CAGR of 13%. The market is projected to reach USD 3.2 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on disease indication, the market is segmented into oesophageal diseases, colon diseases, and small bowel diseases, among others. On the basis of target area, the industry is divided into large intestine, small intestine, stomach, and oesophagus, among others. By application, the market is categorised into capsule endoscopy, patient monitoring, and drug delivery, among others. By end use, the industry is segmented into diagnostic centres, hospitals, and research institutes, among others. The major regional markets for smart pills are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include CapsoVision, Inc., Olympus Corporation, Medtronic Plc, Koninklijke Philips N.V., and Proteus Digital Health, Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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