Smart Pills Market Share, Size, Trends, Industry Analysis Report, By Application (Capsule Endoscopy, Targeted Drug Delivery, Vital Sign Monitoring, By Target Area, By End Use, By Region, And Segment Forecasts, 2024 - 2032

Smart Pills Market Share, Size, Trends, Industry Analysis Report, By Application (Capsule Endoscopy, Targeted Drug Delivery, Vital Sign Monitoring, By Target Area, By End Use, By Region, And Segment Forecasts, 2024 - 2032



The global smart pills market size is expected to reach USD 4.78 billion by 2032, according to a new study by Polaris Market Research. The report “Smart Pills Market Share, Size, Trends, Industry Analysis Report, By Application (Capsule Endoscopy, Targeted Drug Delivery, Vital Sign Monitoring, By Target Area, By End Use, By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Notable increase in the prevalence of diseases such as colorectal cancer and gastrointestinal disorders expected to move market forward. This rise in disease incidence underscores the need for advanced diagnostic and treatment options, creating a demand for innovative medical technologies like smart pills. Additionally, major players in the market are expanding their geographical reach, reaching a broader audience and potentially increasing market penetration.

Furthermore, the growth is facilitated by heightened awareness programs focused on cancer screening. Increased awareness prompts individuals to seek early detection and diagnosis, driving the adoption of advanced medical devices like smart pills that offer efficient diagnostic capabilities. Moreover, the expedited approval processes by regulatory bodies like the FDA contribute to a faster introduction of these technologies into the market, meeting the growing demand for novel healthcare solutions.

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Smart pills have revolutionized the field of small bowel, colon, and gastrointestinal endoscopy, offering a non-invasive and precise means of visualizing various parts of the digestive tract, including the distal duodenum, jejunum, small bowel, colon, gastrointestinal, and ileum. These innovative medical devices play a crucial role in both the screening and treatment of a range of diseases, including colorectal cancer, gastroparesis, gastric ulcers, and gastroesophageal disorders.

The non-invasive nature of smart pills is a significant advantage, eliminating the need for traditional, more invasive endoscopic procedures. This has enhanced patient comfort and compliance, as individuals may be more willing to undergo screenings and treatments that do not involve invasive measures. The accurate visualization provided by smart pills enables healthcare professionals to detect abnormalities, lesions, or other issues in the digestive tract, facilitating early diagnosis and intervention.

The primary users of smart pills are typically the elderly, individuals with limited mobility, and those experiencing paralysis. With the global aging population on the rise, there is an anticipated increase in the demand for advanced medical devices, including smart pills, as they provide a convenient solution for patients. Established companies in this market are expanding their product portfolios by upgrading existing devices. In contrast, new entrants are concentrating on entering emerging economies with innovative products that are both advanced and cost-effective.

Smart Pill Market Report Highlights

Capsule endoscopy segment held the largest share, owing rise in cancer screening programs and high prevalence of IBDs in old age

Hospitals segment accounted for the significant share, due to admission of bulk patients.

Asia Pacific will grow at rapid pace, owing to rising patient population and awareness among Asian population

The global players include CapsoVision, Medisafe, Medtronic, Olympus Corp., Otsuka Holdings.

Polaris Market Research has segmented the smart pills market report based on application, target area, end use, and region:

Smart Pills, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Capsule Endoscopy

Targeted Drug Delivery

Vital Sign Monitoring

Smart Pills, Target Area Outlook (Revenue - USD Billion, 2019 - 2032)

Esophagus

Small Intestine

Large Intestine

Stomach

Smart Pills, End Use Outlook (Revenue - USD Billion, 2019 - 2032)

Hospitals

Diagnostic Centers

Others

Smart Pills, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America
  • U.S.
  • Canada
Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
Latin America
  • Argentina
  • Brazil
  • Mexico
Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa


1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Smart Pill Market Insights
4.1. Smart Pill Market – End Use Snapshot
4.2. Smart Pill Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Growing Geriatric Population
4.2.1.2. Non-Invasive Monitoring
4.2.2. Restraints and Challenges
4.2.2.1. High Cost of Technology
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Smart Pill Market End Use Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Smart Pill Market, by Target Area
5.1. Key Findings
5.2. Introduction
5.2.1. Global Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
5.3. Esophagus
5.3.1. Global Smart Pill Market, by Esophagus, by Region, 2019-2032 (USD Billion)
5.4. Small Intestine
5.4.1. Global Smart Pill Market, by Small Intestine, by Region, 2019-2032 (USD Billion)
5.5. Large Intestine
5.5.1. Global Smart Pill Market, by Large Intestine, by Region, 2019-2032 (USD Billion)
5.6. Stomach
5.6.1. Global Smart Pill Market, by Stomach, by Region, 2019-2032 (USD Billion)
6. Global Smart Pill Market, by Application
6.1. Key Findings
6.2. Introduction
6.2.1. Global Smart Pill Market, by Application, 2019-2032 (USD Billion)
6.3. Capsule Endoscopy
6.3.1. Global Smart Pill Market, by Capsule Endoscopy, by Region, 2019-2032 (USD Billion)
6.4. Targeted Drug Delivery
6.4.1. Global Smart Pill Market, by Targeted Drug Delivery, by Region, 2019-2032 (USD Billion)
6.5. Vital Sign Monitoring
6.5.1. Global Smart Pill Market, by Vital Sign Monitoring, by Region, 2019-2032 (USD Billion)
7. Global Smart Pill Market, by End Use
7.1. Key Findings
7.2. Introduction
7.2.1. Global Smart Pill Market, by End Use, 2019-2032 (USD Billion)
7.3. Hospitals
7.3.1. Global Smart Pill Market, by Hospitals, By Region, 2019-2032 (USD Billion)
7.4. Diagnostic Centers
7.4.1. Global Smart Pill Market, by Diagnostic Centers, By Region, 2019-2032 (USD Billion)
7.5. Others
7.5.1. Global Smart Pill Market, by Others, By Region, 2019-2032 (USD Billion)
8. Global Smart Pill Market, by Geography
8.1. Key findings
8.2. Introduction
8.2.1. Smart Pill Market Assessment, By Geography, 2019-2032 (USD Billion)
8.3. Smart Pill Market – North America
8.3.1. North America: Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
8.3.2. North America: Smart Pill Market, by End Use, 2019-2032 (USD Billion)
8.3.3. North America: Smart Pill Market, by Application, 2019-2032 (USD Billion)
8.3.4. Smart Pill Market – U.S.
8.3.4.1. U.S.: Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
8.3.4.2. U.S.: Smart Pill Market, by End Use, 2019-2032 (USD Billion)
8.3.4.3. U.S.: Smart Pill Market, by Application, 2019-2032 (USD Billion)
8.3.5. Smart Pill Market – Canada
8.3.5.1. Canada: Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
8.3.5.2. Canada.: Smart Pill Market, by End Use, 2019-2032 (USD Billion)
8.3.5.3. Canada: Smart Pill Market, by Application, 2019-2032 (USD Billion)
8.4. Smart Pill Market – Europe
8.4.1. Europe: Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
8.4.2. Europe.: Smart Pill Market, by End Use, 2019-2032 (USD Billion)
8.4.3. Europe: Smart Pill Market, by Application, 2019-2032 (USD Billion)
8.4.4. Smart Pill Market – UK
8.4.4.1. UK: Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
8.4.4.2. UK.: Smart Pill Market, by End Use, 2019-2032 (USD Billion)
8.4.4.3. UK: Smart Pill Market, by Application, 2019-2032 (USD Billion)
8.4.5. Smart Pill Market – France
8.4.5.1. France: Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
8.4.5.2. France.: Smart Pill Market, by End Use, 2019-2032 (USD Billion)
8.4.5.3. France: Smart Pill Market, by Application, 2019-2032 (USD Billion)
8.4.6. Smart Pill Market – Germany
8.4.6.1. Germany: Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
8.4.6.2. Germany.: Smart Pill Market, by End Use, 2019-2032 (USD Billion)
8.4.6.3. Germany: Smart Pill Market, by Application, 2019-2032 (USD Billion)
8.4.7. Smart Pill Market – Italy
8.4.7.1. Italy: Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
8.4.7.2. Italy.: Smart Pill Market, by End Use, 2019-2032 (USD Billion)
8.4.7.3. Italy: Smart Pill Market, by Application, 2019-2032 (USD Billion)
8.4.8. Smart Pill Market – Spain
8.4.8.1. Spain: Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
8.4.8.2. Spain.: Smart Pill Market, by End Use, 2019-2032 (USD Billion)
8.4.8.3. Spain: Smart Pill Market, by Application, 2019-2032 (USD Billion)
8.4.9. Smart Pill Market – Netherlands
8.4.9.1. Netherlands: Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
8.4.9.2. Netherlands.: Smart Pill Market, by End Use, 2019-2032 (USD Billion)
8.4.9.3. Netherlands: Smart Pill Market, by Application, 2019-2032 (USD Billion)
8.4.10. Smart Pill Market – Russia
8.4.10.1. Russia: Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
8.4.10.2. Russia.: Smart Pill Market, by End Use, 2019-2032 (USD Billion)
8.4.10.3. Russia: Smart Pill Market, by Application, 2019-2032 (USD Billion)
8.5. Smart Pill Market – Asia Pacific
8.5.1. Asia Pacific: Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
8.5.2. Asia Pacific.: Smart Pill Market, by End Use, 2019-2032 (USD Billion)
8.5.3. Asia Pacific: Smart Pill Market, by Application, 2019-2032 (USD Billion)
8.5.4. Smart Pill Market – China
8.5.4.1. China: Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
8.5.4.2. China.: Smart Pill Market, by End Use, 2019-2032 (USD Billion)
8.5.4.3. China: Smart Pill Market, by Application, 2019-2032 (USD Billion)
8.5.5. Smart Pill Market – India
8.5.5.1. India: Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
8.5.5.2. India.: Smart Pill Market, by End Use, 2019-2032 (USD Billion)
8.5.5.3. India: Smart Pill Market, by Application, 2019-2032 (USD Billion)
8.5.6. Smart Pill Market – Malaysia
8.5.6.1. Malaysia: Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
8.5.6.2. Malaysia.: Smart Pill Market, by End Use, 2019-2032 (USD Billion)
8.5.6.3. Malaysia: Smart Pill Market, by Application, 2019-2032 (USD Billion)
8.5.7. Smart Pill Market – Japan
8.5.7.1. Japan: Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
8.5.7.2. Japan.: Smart Pill Market, by End Use, 2019-2032 (USD Billion)
8.5.7.3. Japan: Smart Pill Market, by Application, 2019-2032 (USD Billion)
8.5.8. Smart Pill Market – Indonesia
8.5.8.1. Indonesia: Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
8.5.8.2. Indonesia.: Smart Pill Market, by End Use, 2019-2032 (USD Billion)
8.5.8.3. Indonesia: Smart Pill Market, by Application, 2019-2032 (USD Billion)
8.5.9. Smart Pill Market – South Korea
8.5.9.1. South Korea: Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
8.5.9.2. South Korea.: Smart Pill Market, by End Use, 2019-2032 (USD Billion)
8.5.9.3. South Korea: Smart Pill Market, by Application, 2019-2032 (USD Billion)
8.6. Smart Pill Market – Middle East & Africa
8.6.1. Middle East & Africa: Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
8.6.2. Middle East & Africa.: Smart Pill Market, by End Use, 2019-2032 (USD Billion)
8.6.3. Middle East & Africa: Smart Pill Market, by Application, 2019-2032 (USD Billion)
8.6.4. Smart Pill Market – Saudi Arabia
8.6.4.1. Saudi Arabia: Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
8.6.4.2. Saudi Arabia.: Smart Pill Market, by End Use, 2019-2032 (USD Billion)
8.6.4.3. Saudi Arabia: Smart Pill Market, by Application, 2019-2032 (USD Billion)
8.6.5. Smart Pill Market – UAE
8.6.5.1. UAE: Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
8.6.5.2. UAE.: Smart Pill Market, by End Use, 2019-2032 (USD Billion)
8.6.5.3. UAE: Smart Pill Market, by Application, 2019-2032 (USD Billion)
8.6.6. Smart Pill Market – Israel
8.6.6.1. Israel: Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
8.6.6.2. Israel.: Smart Pill Market, by End Use, 2019-2032 (USD Billion)
8.6.6.3. Israel: Smart Pill Market, by Application, 2019-2032 (USD Billion)
8.6.7. Smart Pill Market – South Africa
8.6.7.1. South Africa: Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
8.6.7.2. South Africa.: Smart Pill Market, by End Use, 2019-2032 (USD Billion)
8.6.7.3. South Africa: Smart Pill Market, by Application, 2019-2032 (USD Billion)
8.7. Smart Pill Market – Latin America
8.7.1. Latin America: Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
8.7.2. Latin America.: Smart Pill Market, by End Use, 2019-2032 (USD Billion)
8.7.3. Latin America: Smart Pill Market, by Application, 2019-2032 (USD Billion)
8.7.4. Smart Pill Market – Mexico
8.7.4.1. Mexico: Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
8.7.4.2. Mexico.: Smart Pill Market, by End Use, 2019-2032 (USD Billion)
8.7.4.3. Mexico: Smart Pill Market, by Application, 2019-2032 (USD Billion)
8.7.5. Smart Pill Market – Brazil
8.7.5.1. Brazil: Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
8.7.5.2. Brazil.: Smart Pill Market, by End Use, 2019-2032 (USD Billion)
8.7.5.3. Brazil: Smart Pill Market, by Application, 2019-2032 (USD Billion)
8.7.6. Smart Pill Market – Argentina
8.7.6.1. Argentina: Smart Pill Market, by Target Area, 2019-2032 (USD Billion)
8.7.6.2. Argentina.: Smart Pill Market, by End Use, 2019-2032 (USD Billion)
8.7.6.3. Argentina: Smart Pill Market, by Application, 2019-2032 (USD Billion)
9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
9.1.1. Expansion
9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
10.1. CapsoVision, Inc.
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Recent Development
10.2. Medisafe
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Recent Development
10.3. Medtronic
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Recent Development
10.4. Olympus Corporation
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Recent Development
10.5. Otsuka Holdings Co., Ltd.
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Recent Development

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