Smart Pills Market: By Application, By Target Area, By End User, and Geography    

Smart Pills Market Size, Share, Growth, Trends, and Global Industry Analysis: By Application (Drug Delivery, Capsule Endoscopy, Patient Monitoring), By Target Area (Stomach, Esophagus, Large Intestine, Small Intestine), By End User (Hospitals, Clinics, Research Institutes), and Region    

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 smart pills 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.

Smart Pills Market Key Developments

  • In November 2017, Otsuka America Pharmaceutical, Inc. received FDA approval for Abilify MyCite, (Aripiprazole tablets with sensor)

 

 

Smart Pills Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

14.2%

Largest Market

North America

Fastest Growing Market

Europe

Smart Pills Market Dynamics

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, miniaturisation, and others, are expected to create lucrative prospects in the future.

Smart Pills Market Segmentation Analysis

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

  • Drug Delivery
  • Capsule Endoscopy
  • Patient Monitoring

By Target Area

  • Stomach
  • Esophagus
  • Large Intestine
  • Small Intestine

By Distribution Channel

  • Hospitals
  • Clinics
  • Research Institutes

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

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Frequently Asked Questions

The smart pills market size was valued at US$ 301 million in 2023

The smart pills 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 smart pills market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

Author image

Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

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

  • 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.)

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