Smart Pills Market Report: Trends, Forecast and Competitive Analysis to 2030

Smart Pills Market Report: Trends, Forecast and Competitive Analysis to 2030

Smart Pills Trends and Forecast

The future of the global smart pills market looks promising with opportunities in the capsule endoscopy, targeted drug delivery, and vital sign monitoring markets. The global smart pills market is expected to reach an estimated $1.3 billion by 2030 with a CAGR of 11.6% from 2024 to 2030. The major drivers for this market are growing demand for noninvasive diagnostic monitoring devices, rising incidence of colon cancer, and on-going technological advancements in capsule endoscopy.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Smart Pills by Segment

The study includes a forecast for the global smart pills by target area, application, end use, and region

Smart Pills Market by Target Area [Shipment Analysis by Value from 2018 to 2030]:

• Esophagus
• Small Intestine
• Large Intestine
• Stomach

Smart Pills Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Capsule Endoscopy
• Targeted Drug Delivery
• Vital Sign Monitoring

Smart Pills Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals
• Diagnostic Centers
• Others

Smart Pills Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Smart Pills Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies smart pills companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the smart pills companies profiled in this report include-

• Medtronic
• HQ
• IntroMedic
• OLYMPUS Corporation
• Koninklijke Philips N.V.
• Check-Cap
• JINSHAN Science & Technology
• CapsoVision
• RF Co.
• Proteus Digital Health

Smart Pills Market Insights

Lucintel forecast that small intestine is expected to witness highest growth over the forecast period due to the notable rise in small intestine disorders, such as crohn's disorders, celiac disorders, and small bowel tumors.

Within this market, capsule endoscopy will remain the largest segment due to the increasing number of gastrointestinal disorders and rising prefrence towards non-invasive diagnostic procedures.

North America is expected to witness highest growth over the forecast period due to growing incidence of inflammatory bowel diseases and regulatory approval of new products in the region.

Features of the Global Smart Pills Market

Market Size Estimates: Smart pills market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Smart pills market size by target area, application, end use, and region in terms of value ($B).

Regional Analysis: Smart pills market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different target areas, applications, end uses, and regions for the smart pills market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the smart pills market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the smart pills market size?

Answer: The global smart pills market is expected to reach an estimated $1.3 billion by 2030.

Q.2 What is the growth forecast for smart pills market?

Answer: The global smart pills market is expected to grow with a CAGR of 11.6% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the smart pills market?

Answer: The major drivers for this market are growing demand for noninvasive diagnostic monitoring devices, rising incidence of colon cancer, and on-going technological advancements in capsule endoscopy.

Q4. What are the major segments for smart pills market?

Answer: The future of the smart pills market looks promising with opportunities in the capsule endoscopy, targeted drug delivery, and vital sign monitoring markets.

Q5. Who are the key smart pills market companies?

Answer: Some of the key smart pills companies are as follows:

• Medtronic
• HQ
• IntroMedic
• OLYMPUS Corporation
• Koninklijke Philips N.V.
• Check-Cap
• JINSHAN Science & Technology
• CapsoVision
• RF Co.
• Proteus Digital Health

Q6. Which smart pills market segment will be the largest in future?

Answer: Lucintel forecast that small intestine is expected to witness highest growth over the forecast period due to the notable rise in small intestine disorders, such as crohn's disorders, celiac disorders, and small bowel tumors.

Q7. In smart pills market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to growing incidence of inflammatory bowel diseases and regulatory approval of new products in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the smart pills market by target area (esophagus, small intestine, large intestine, and stomach), application (capsule endoscopy, targeted drug delivery, and vital sign monitoring), end use (hospitals, diagnostic centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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