Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Smart Pills Market: By Application, By Target Area, By End User, and Region Forecast 2019-2030
Smart Pills Market size was valued at US$ 301 million in 2023 and is expected to reach US$ 704 million by 2030 and grow at a CAGR of 14.2% from 2024 to 2030. Smart pills are injectable medical devices taken orally to examine the gastrointestinal tract. The advanced smart pills enable disease diagnosis, and patient monitoring, and help to improve drug delivery. Cameras, trackers, and sensors are commonly used smart pills swallowed by patients to get complete GI evaluation without surgery. Smart pills are expected to replace conventional diagnostic techniques such as colonoscopy and endoscopy. An increase in the geriatric population coupled with a rise in preference for minimally invasive surgical procedures is anticipated to drive the global market.
Moreover, technological advancements in smart pills, a rise in the prevalence of GI disorders, sophisticated healthcare infrastructure, wide applications with smart pills, and a rise in disposable income are anticipated to fuel the global market over the forecast period. However, the high cost of products, technological constraints the efficiency of capsule endoscopes, and patients' fear regarding smart pill swallowing are expected to dampen the growth of the market. Capsule endoscopy, for example, was developed in response to a high demand for minimally invasive surgical treatments. Capsule endoscopy is projected to replace traditional endoscopic methods due to advantages such as ease of administration and thorough monitoring of the gastrointestinal tract.
Study Period
2024-2030Base Year
2023CAGR
14.2%Largest Market
North AmericaFastest Growing Market
Europe
The rise in the prevalence of lifestyle-related conditions such as obesity, gastroesophageal reflux disease (GERD), stomach ulcers, and others, as well as a significant increase in the senior population, all contribute to the expansion of the smart pill market. Increased R&D investments in the development of smart pills will also help the industry flourish. However, strict government rules regulating the rising usage of these devices, as well as the expensive cost of ingestible sensors, are expected to limit the market's growth. Furthermore, improvements in smart pill technology, such as bioelectronics, microprocessors, micro-cameras, miniaturization, and others, are expected to create lucrative prospects in the future.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 301 million |
Market Size in 2030 |
US$ 704 million |
Market CAGR |
14.2% |
By Application |
|
By Target Area |
|
By Distribution Channel |
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The smart pills market was valued at US$ 301 mn in 2023 and is expected to reach US$ 704 mn by 2030, registering a CAGR of 14.2% from 2024 to 2030
The market key players are: Medimetrics S.A. de C.V. (Mexico) CapsoVision, Inc. (U.S.) Bio-Images Research Limited (U.K.) Olympus Corporation (Japan) Given Imaging, Inc. (Israel) SmartPill Corporation (U.S.) Siemens Healthineers (U.S.) Medtronic plc (Ireland) Koninklijke Philips N.V. (Netherlands) GE Healthcare (U.S.) Otsuka America Pharmaceutical, Inc. (U.S.)
The market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
1. Executive Summary |
2. Global Smart Pills Market Introduction |
2.1.Global Smart Pills Market - Taxonomy |
2.2.Global Smart Pills Market - Definitions |
2.2.1. By Application |
2.2.2. By Target Area |
2.2.3. By Distribution Channel |
2.2.4.Region |
3. Global Smart Pills Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4. Global Smart Pills Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Smart Pills Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Drug Delivery |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Capsule Endoscopy |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Patient Monitoring |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
6. Global Smart Pills Market By Target Area, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Stomach |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Esophagus |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Large Intestine |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Small Intestine |
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
7. Global Smart Pills Market By Distribution Channel, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Hospitals |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Clinics |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Research Institutes |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
8. Global Smart Pills Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. North America |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia Pacific (APAC) |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Middle East and Africa (MEA) |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Latin America |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9. North America Smart Pills Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Drug Delivery |
9.1.2.Capsule Endoscopy |
9.1.3.Patient Monitoring |
9.2. Target Area Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Stomach |
9.2.2.Esophagus |
9.2.3.Large Intestine |
9.2.4.Small Intestine |
9.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Hospitals |
9.3.2.Clinics |
9.3.3.Research Institutes |
9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.4.1.United States of America (USA) |
9.4.2.Canada |
10. Europe Smart Pills Market,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Drug Delivery |
10.1.2.Capsule Endoscopy |
10.1.3.Patient Monitoring |
10.2. Target Area Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Stomach |
10.2.2.Esophagus |
10.2.3.Large Intestine |
10.2.4.Small Intestine |
10.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Hospitals |
10.3.2.Clinics |
10.3.3.Research Institutes |
10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Germany |
10.4.2.France |
10.4.3.Italy |
10.4.4.United Kingdom (UK) |
10.4.5.Spain |
10.4.6.Rest of EU |
11. Asia Pacific (APAC) Smart Pills Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Drug Delivery |
11.1.2.Capsule Endoscopy |
11.1.3.Patient Monitoring |
11.2. Target Area Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Stomach |
11.2.2.Esophagus |
11.2.3.Large Intestine |
11.2.4.Small Intestine |
11.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Hospitals |
11.3.2.Clinics |
11.3.3.Research Institutes |
11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.China |
11.4.2.India |
11.4.3.Australia and New Zealand (ANZ) |
11.4.4.Japan |
11.4.5.Rest of APAC |
12. Middle East and Africa (MEA) Smart Pills Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Drug Delivery |
12.1.2.Capsule Endoscopy |
12.1.3.Patient Monitoring |
12.2. Target Area Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Stomach |
12.2.2.Esophagus |
12.2.3.Large Intestine |
12.2.4.Small Intestine |
12.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Hospitals |
12.3.2.Clinics |
12.3.3.Research Institutes |
12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.GCC Countries |
12.4.2.South Africa |
12.4.3.Rest of MEA |
13. Latin America Smart Pills Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Drug Delivery |
13.1.2.Capsule Endoscopy |
13.1.3.Patient Monitoring |
13.2. Target Area Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Stomach |
13.2.2.Esophagus |
13.2.3.Large Intestine |
13.2.4.Small Intestine |
13.3. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Hospitals |
13.3.2.Clinics |
13.3.3.Research Institutes |
13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Brazil |
13.4.2.Mexico |
13.4.3.Rest of LA |
14. Competition Landscape |
14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M&A, Strategies, and SWOT Analysis) |
14.2.1.Medimetrics S.A. de C.V. (Mexico) |
14.2.2.CapsoVision, Inc. (U.S.) |
14.2.3.Bio-Images Research Limited (U.K.) |
14.2.4.Olympus Corporation (Japan) |
14.2.5.Given Imaging, Inc. (Israel) |
14.2.6.SmartPill Corporation (U.S.) |
14.2.7.Siemens Healthineers (U.S.) |
14.2.8.Medtronic plc (Ireland) |
14.2.9.Koninklijke Philips N.V. (Netherlands) |
14.2.10.GE Healthcare (U.S.) |
14.2.11.Otsuka America Pharmaceutical, Inc. (U.S.) |
15. Research Methodology |
16. Appendix and Abbreviations |
Key Market Players