Smart Pills Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

global smart pills market is poised for remarkable expansion over the forecast period from 2024 to 2031, according to a report by Fairfield Market Research. Smart pills, hailed as a revolutionary innovation at the intersection of digital technology and healthcare, are increasingly meeting the rising demand for enhanced monitoring and diagnostics. These ingenious devices are proving to be invaluable tools for the non-invasive diagnosis of motility disorders and are revolutionizing the way patients manage chronic diseases.

Targeting Chronic Disease Management

One of the primary drivers of the smart pills market is the escalating demand for drug delivery systems that offer minimal side effects, targeted drug delivery, and optimized medication usage. Patients suffering from chronic diseases, who require precise medication regimens, are emerging as the prime consumers of smart pills. These advanced devices not only ensure optimal dosage adherence but also facilitate real-time patient monitoring through remote control options, preferred by physicians worldwide.

Innovative Applications in Diagnosis and Therapeutics

Smart pills are undergoing rigorous analysis for their potential applications in both therapeutics and the diagnosis of various acute and chronic diseases. The advent of minimally invasive surgeries has spurred the development of innovative techniques such as capsule endoscopy, which plays a pivotal role in the early diagnosis and treatment of gastrointestinal disorders, particularly among the elderly population.

Global Market Dynamics

North America is projected to remain the most lucrative market for smart pills, driven by factors such as swift regulatory approvals, increasing cases of colorectal cancer, and continuous technological advancements in the healthcare sector. Meanwhile, the Asia-Pacific region, excluding Japan (APEJ), is expected to witness robust growth, fueled by mandatory healthcare insurance provisions and a rising prevalence of gastrointestinal disorders.

Key Market Trends

Capsule endoscopy is anticipated to be the largest application of smart pills during the forecast period, replacing conventional endoscopic procedures due to its ease of administration and comprehensive observation of the gastrointestinal tract. Esophagus and stomach are poised to remain dominant target areas for smart pills, with significant growth expected in sales targeting the small and large intestines.

Competition and Innovation

The global smart pills market is dominated by established players such as CapsoVision, Inc., Given Imaging, Inc., and Medtronic. These industry leaders are expanding their product portfolios with advanced offerings, while new market entrants are focusing on developing breakthrough products with affordable yet sophisticated alternatives.

With the increasing accessibility and usability of smart pills, coupled with their integration with smartphones and user-friendly data interpretation, the demand for these innovative healthcare solutions is expected to soar in the coming years. The global smart pills market is on a trajectory of splendid growth, driven by technological advancements, rising healthcare needs, and a growing emphasis on minimally invasive diagnostics and therapeutics.

Key companies functioning in the global smart pills market including:

CapsoVision, Inc.
Given Imaging, Inc.
Medimetrics S.A. de C.V.
Olympus Corporation
Bio-Images Research Limited
Medtronic
Proteus digital Health
MediSafe
Boston Scientific Corporation
GE Healthcare
Others.

Market Segmentation

Application

Capsule Endoscopy
Drug Delivery
Patient Monitoring

Target Area

Esophagus
Stomach
Small Intestine
Large Intestine

Region

North Americ
Latin America
Europe
Japan
APEJ
MEA

1. Executive Summary

1.1. Global Smart Pills Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Smart Pills Market Outlook, 2018 - 2031

3.1. Global Smart Pills Market Outlook, by Target Area, Value (US$ Bn), 2018 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Esophagus
  - 3.1.1.2. Stomach
  - 3.1.1.3. Small Intestine
  - 3.1.1.4. Large Intestine
3.2. Global Smart Pills Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Capsule Endoscopy
  - 3.2.1.2. Drug Delivery
  - 3.2.1.3. Patient Monitoring
3.3. Global Smart Pills Market Outlook, by Region, Value (US$ Bn), 2018 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Smart Pills Market Outlook, 2018 - 2031

4.1. North America Smart Pills Market Outlook, by Target Area, Value (US$ Bn), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Esophagus
  - 4.1.1.2. Stomach
  - 4.1.1.3. Small Intestine
  - 4.1.1.4. Large Intestine
4.2. North America Smart Pills Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Capsule Endoscopy
  - 4.2.1.2. Drug Delivery
  - 4.2.1.3. Patient Monitoring
4.3. North America Smart Pills Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Smart Pills Market by Target Area, Value (US$ Bn), 2018 - 2031
  - 4.3.1.2. U.S. Smart Pills Market by Application, Value (US$ Bn), 2018 - 2031
  - 4.3.1.3. Canada Smart Pills Market by Target Area, Value (US$ Bn), 2018 - 2031
  - 4.3.1.4. Canada Smart Pills Market by Application, Value (US$ Bn), 2018 - 2031
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Smart Pills Market Outlook, 2018 - 2031

5.1. Europe Smart Pills Market Outlook, by Target Area, Value (US$ Bn), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Esophagus
  - 5.1.1.2. Stomach
  - 5.1.1.3. Small Intestine
  - 5.1.1.4. Large Intestine
5.2. Europe Smart Pills Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Capsule Endoscopy
  - 5.2.1.2. Drug Delivery
  - 5.2.1.3. Patient Monitoring
5.3. Europe Smart Pills Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Smart Pills Market by Target Area, Value (US$ Bn), 2018 - 2031
  - 5.3.1.2. Germany Smart Pills Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.3. U.K. Smart Pills Market by Target Area, Value (US$ Bn), 2018 - 2031
  - 5.3.1.4. U.K. Smart Pills Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.5. France Smart Pills Market by Target Area, Value (US$ Bn), 2018 - 2031
  - 5.3.1.6. France Smart Pills Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.7. Italy Smart Pills Market by Target Area, Value (US$ Bn), 2018 - 2031
  - 5.3.1.8. Italy Smart Pills Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.9. Turkey Smart Pills Market by Target Area, Value (US$ Bn), 2018 - 2031
  - 5.3.1.10. Turkey Smart Pills Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.11. Russia Smart Pills Market by Target Area, Value (US$ Bn), 2018 - 2031
  - 5.3.1.12. Russia Smart Pills Market by Application, Value (US$ Bn), 2018 - 2031
  - 5.3.1.13. Rest of Europe Smart Pills Market by Target Area, Value (US$ Bn), 2018 - 2031
  - 5.3.1.14. Rest of Europe Smart Pills Market by Application, Value (US$ Bn), 2018 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Smart Pills Market Outlook, 2018 - 2031

6.1. Asia Pacific Smart Pills Market Outlook, by Target Area, Value (US$ Bn), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Esophagus
  - 6.1.1.2. Stomach
  - 6.1.1.3. Small Intestine
  - 6.1.1.4. Large Intestine
6.2. Asia Pacific Smart Pills Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Capsule Endoscopy
  - 6.2.1.2. Drug Delivery
  - 6.2.1.3. Patient Monitoring
6.3. Asia Pacific Smart Pills Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. China Smart Pills Market by Target Area, Value (US$ Bn), 2018 - 2031
  - 6.3.1.2. China Smart Pills Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.3. Japan Smart Pills Market by Target Area, Value (US$ Bn), 2018 - 2031
  - 6.3.1.4. Japan Smart Pills Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.5. South Korea Smart Pills Market by Target Area, Value (US$ Bn), 2018 - 2031
  - 6.3.1.6. South Korea Smart Pills Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.7. India Smart Pills Market by Target Area, Value (US$ Bn), 2018 - 2031
  - 6.3.1.8. India Smart Pills Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.9. Southeast Asia Smart Pills Market by Target Area, Value (US$ Bn), 2018 - 2031
  - 6.3.1.10. Southeast Asia Smart Pills Market by Application, Value (US$ Bn), 2018 - 2031
  - 6.3.1.11. Rest of Asia Pacific Smart Pills Market by Target Area, Value (US$ Bn), 2018 - 2031
  - 6.3.1.12. Rest of Asia Pacific Smart Pills Market by Application, Value (US$ Bn), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Smart Pills Market Outlook, 2018 - 2031

7.1. Latin America Smart Pills Market Outlook, by Target Area, Value (US$ Bn), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Esophagus
  - 7.1.1.2. Stomach
  - 7.1.1.3. Small Intestine
  - 7.1.1.4. Large Intestine
7.2. Latin America Smart Pills Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Capsule Endoscopy
  - 7.2.1.2. Drug Delivery
  - 7.2.1.3. Patient Monitoring
7.3. Latin America Smart Pills Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Smart Pills Market by Target Area, Value (US$ Bn), 2018 - 2031
  - 7.3.1.2. Brazil Smart Pills Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.3. Mexico Smart Pills Market by Target Area, Value (US$ Bn), 2018 - 2031
  - 7.3.1.4. Mexico Smart Pills Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.5. Argentina Smart Pills Market by Target Area, Value (US$ Bn), 2018 - 2031
  - 7.3.1.6. Argentina Smart Pills Market by Application, Value (US$ Bn), 2018 - 2031
  - 7.3.1.7. Rest of Latin America Smart Pills Market by Target Area, Value (US$ Bn), 2018 - 2031
  - 7.3.1.8. Rest of Latin America Smart Pills Market by Application, Value (US$ Bn), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Smart Pills Market Outlook, 2018 - 2031

8.1. Middle East & Africa Smart Pills Market Outlook, by Target Area, Value (US$ Bn), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Esophagus
  - 8.1.1.2. Stomach
  - 8.1.1.3. Small Intestine
  - 8.1.1.4. Large Intestine
8.2. Middle East & Africa Smart Pills Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Capsule Endoscopy
  - 8.2.1.2. Drug Delivery
  - 8.2.1.3. Patient Monitoring
8.3. Middle East & Africa Smart Pills Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Smart Pills Market by Target Area, Value (US$ Bn), 2018 - 2031
  - 8.3.1.2. GCC Smart Pills Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.3. South Africa Smart Pills Market by Target Area, Value (US$ Bn), 2018 - 2031
  - 8.3.1.4. South Africa Smart Pills Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.5. Egypt Smart Pills Market by Target Area, Value (US$ Bn), 2018 - 2031
  - 8.3.1.6. Egypt Smart Pills Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.7. Nigeria Smart Pills Market by Target Area, Value (US$ Bn), 2018 - 2031
  - 8.3.1.8. Nigeria Smart Pills Market by Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.9. Nigeria Smart Pills Market Application, Value (US$ Bn), 2018 - 2031
  - 8.3.1.10. Rest of Middle East & Africa Smart Pills Market by Target Area, Value (US$ Bn), 2018 - 2031
  - 8.3.1.11. Rest of Middle East & Africa Smart Pills Market by Application, Value (US$ Bn), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Target Area vs Application Heatmap
9.2. Manufacturer vs Application Heatmap
9.3. Company Market Share Analysis, 2023
9.4. Competitive Dashboard
9.5. Company Profiles
- 9.5.1. CapsoVision, Inc.
  - 9.5.1.1. Company Overview
  - 9.5.1.2. Target Area Portfolio
  - 9.5.1.3. Financial Overview
  - 9.5.1.4. Business Strategies and Development
- 9.5.2. Given Imaging, Inc.
  - 9.5.2.1. Company Overview
  - 9.5.2.2. Target Area Portfolio
  - 9.5.2.3. Financial Overview
  - 9.5.2.4. Business Strategies and Development
- 9.5.3. Medimetrics S.A. de C.V.
  - 9.5.3.1. Company Overview
  - 9.5.3.2. Target Area Portfolio
  - 9.5.3.3. Financial Overview
  - 9.5.3.4. Business Strategies and Development
- 9.5.4. Olympus Corporation
  - 9.5.4.1. Company Overview
  - 9.5.4.2. Target Area Portfolio
  - 9.5.4.3. Financial Overview
  - 9.5.4.4. Business Strategies and Development
- 9.5.5. Bio-Images Research Limited
  - 9.5.5.1. Company Overview
  - 9.5.5.2. Target Area Portfolio
  - 9.5.5.3. Financial Overview
  - 9.5.5.4. Business Strategies and Development
- 9.5.6. Medtronic Plc.
  - 9.5.6.1. Company Overview
  - 9.5.6.2. Target Area Portfolio
  - 9.5.6.3. Financial Overview
  - 9.5.6.4. Business Strategies and Development
- 9.5.7. Proteus digital Health
  - 9.5.7.1. Company Overview
  - 9.5.7.2. Target Area Portfolio
  - 9.5.7.3. Financial Overview
  - 9.5.7.4. Business Strategies and Development
- 9.5.8. MediSafe
  - 9.5.8.1. Company Overview
  - 9.5.8.2. Target Area Portfolio
  - 9.5.8.3. Financial Overview
  - 9.5.8.4. Business Strategies and Development
- 9.5.9. Boston Scientific Corporation
  - 9.5.9.1. Company Overview
  - 9.5.9.2. Target Area Portfolio
  - 9.5.9.3. Financial Overview
  - 9.5.9.4. Business Strategies and Development
- 9.5.10. GE Healthcare
  - 9.5.10.1. Company Overview
  - 9.5.10.2. Target Area Portfolio
  - 9.5.10.3. Financial Overview
  - 9.5.10.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations