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Market Research Report
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1065913

Smart Pills Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Published: | IMARC Services Private Limited | 145 Pages | Delivery time: 2-3 business days

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Smart Pills Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Published: March 15, 2022
IMARC Services Private Limited
Content info: 145 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

The global smart pills market reached a value of US$ 3.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.3 Billion by 2027, exhibiting at a CAGR of 7.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Smart pills are ingestible medical devices comprising sensors, cameras, patches, and trackers to record various physiological measures. They help in accurate therapy and better diagnostics and monitoring while eliminating the need for invasive procedures. Presently, several manufacturers are coming with innovative variants with advanced batteries and onboard memory. They assist in remote patient monitoring and telemedicine, providing wireless transmission of information in real-time and measuring the effects of the medication.

Smart Pills Market Trends:

  • A considerable rise in the prevalence of cancer and malignant gastrointestinal (GI) disorders represents one of the primary factors driving the demand for smart pills over conventional diagnostic techniques, such as endoscopy. Endoscopy devices are inserted into the patient's esophagus for diagnosis of GI disorders. However, the risk of infection transmission and esophageal tearing is usually high with endoscopes. Consequently, smart pills are widely utilized as they provide multidimensional pictures of the internal parts of the body non-invasively. Moreover, the growing pediatric population, which is relatively more vulnerable to targeted diseases, along with the emerging trend of minimally invasive surgeries (MIS), is promoting the adoption of smart pills to diagnose and treat chronic diseases. Apart from this, the coronavirus disease (COVID-19) outbreak and the consequent rise in the demand for telemedicine technologies for remote patient visits are contributing to market growth. Furthermore, they are employed in the defense and allied industries to monitor the core body temperature of soldiers in real-time. Besides this, market players are investing in research and development (R&D) projects that focus on effective localization, steering, and control of pills. This is projected to expand the applications of smart pills in the future.

Key Market Segmentation:

  • IMARC Group provides an analysis of the key trends in each sub-segment of the global smart pills market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on target area, disease indication, application and end user.

Breakup by Target Area:

  • Esophagus
  • Small Intestine
  • Large Intestine
  • Stomach

Breakup by Disease Indication:

  • Esophageal Diseases
  • Small Bowel Diseases
  • Colon Diseases
  • Others

Breakup by Application:

  • Capsule Endoscopy
  • Drug Delivery
  • Patient Monitoring

Breakup by End User:

  • Hospitals
  • Diagnostic Centers
  • Research Institutes

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being CapsoVision Inc., Check-Cap Ltd., General Electric Company, IntroMedic Co. Ltd., Jinshan Science & Technology (Group) Co. Ltd., Koninklijke Philips N.V., Medtronic plc, Olympus Corporation and PENTAX Medical (Hoya Corporation). Key Questions Answered in This Report:

  • How has the global smart pills market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global smart pills market?
  • What are the key regional markets?
  • What is the breakup of the market based on the target area?
  • What is the breakup of the market based on the disease indication?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global smart pills market and who are the key players?
  • What is the degree of competition in the industry?
Product Code: SR0322A183_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Smart Pills Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Target Area

  • 6.1 Esophagus
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Small Intestine
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Large Intestine
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Stomach
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast

7 Market Breakup by Disease Indication

  • 7.1 Esophageal Diseases
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Small Bowel Diseases
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Colon Diseases
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Others
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast

8 Market Breakup by Application

  • 8.1 Capsule Endoscopy
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Drug Delivery
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Patient Monitoring
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast

9 Market Breakup by End User

  • 9.1 Hospitals
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Diagnostic Centers
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Research Institutes
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast

10 Market Breakup by Region

  • 10.1 North America
    • 10.1.1 United States
      • 10.1.1.1 Market Trends
      • 10.1.1.2 Market Forecast
    • 10.1.2 Canada
      • 10.1.2.1 Market Trends
      • 10.1.2.2 Market Forecast
  • 10.2 Asia-Pacific
    • 10.2.1 China
      • 10.2.1.1 Market Trends
      • 10.2.1.2 Market Forecast
    • 10.2.2 Japan
      • 10.2.2.1 Market Trends
      • 10.2.2.2 Market Forecast
    • 10.2.3 India
      • 10.2.3.1 Market Trends
      • 10.2.3.2 Market Forecast
    • 10.2.4 South Korea
      • 10.2.4.1 Market Trends
      • 10.2.4.2 Market Forecast
    • 10.2.5 Australia
      • 10.2.5.1 Market Trends
      • 10.2.5.2 Market Forecast
    • 10.2.6 Indonesia
      • 10.2.6.1 Market Trends
      • 10.2.6.2 Market Forecast
    • 10.2.7 Others
      • 10.2.7.1 Market Trends
      • 10.2.7.2 Market Forecast
  • 10.3 Europe
    • 10.3.1 Germany
      • 10.3.1.1 Market Trends
      • 10.3.1.2 Market Forecast
    • 10.3.2 France
      • 10.3.2.1 Market Trends
      • 10.3.2.2 Market Forecast
    • 10.3.3 United Kingdom
      • 10.3.3.1 Market Trends
      • 10.3.3.2 Market Forecast
    • 10.3.4 Italy
      • 10.3.4.1 Market Trends
      • 10.3.4.2 Market Forecast
    • 10.3.5 Spain
      • 10.3.5.1 Market Trends
      • 10.3.5.2 Market Forecast
    • 10.3.6 Russia
      • 10.3.6.1 Market Trends
      • 10.3.6.2 Market Forecast
    • 10.3.7 Others
      • 10.3.7.1 Market Trends
      • 10.3.7.2 Market Forecast
  • 10.4 Latin America
    • 10.4.1 Brazil
      • 10.4.1.1 Market Trends
      • 10.4.1.2 Market Forecast
    • 10.4.2 Mexico
      • 10.4.2.1 Market Trends
      • 10.4.2.2 Market Forecast
    • 10.4.3 Others
      • 10.4.3.1 Market Trends
      • 10.4.3.2 Market Forecast
  • 10.5 Middle East and Africa
    • 10.5.1 Market Trends
    • 10.5.2 Market Breakup by Country
    • 10.5.3 Market Forecast

11 SWOT Analysis

  • 11.1 Overview
  • 11.2 Strengths
  • 11.3 Weaknesses
  • 11.4 Opportunities
  • 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

  • 13.1 Overview
  • 13.2 Bargaining Power of Buyers
  • 13.3 Bargaining Power of Suppliers
  • 13.4 Degree of Competition
  • 13.5 Threat of New Entrants
  • 13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

  • 15.1 Market Structure
  • 15.2 Key Players
  • 15.3 Profiles of Key Players
    • 15.3.1 CapsoVision Inc.
      • 15.3.1.1 Company Overview
      • 15.3.1.2 Product Portfolio
    • 15.3.2 Check-Cap Ltd.
      • 15.3.2.1 Company Overview
      • 15.3.2.2 Product Portfolio
      • 15.3.2.3 Financials
    • 15.3.3 General Electric Company
      • 15.3.3.1 Company Overview
      • 15.3.3.2 Product Portfolio
      • 15.3.3.3 Financials
      • 15.3.3.4 SWOT Analysis
    • 15.3.4 IntroMedic Co. Ltd.
      • 15.3.4.1 Company Overview
      • 15.3.4.2 Product Portfolio
      • 15.3.4.3 Financials
    • 15.3.5 Jinshan Science & Technology (Group) Co. Ltd.
      • 15.3.5.1 Company Overview
      • 15.3.5.2 Product Portfolio
    • 15.3.6 Koninklijke Philips N.V.
      • 15.3.6.1 Company Overview
      • 15.3.6.2 Product Portfolio
      • 15.3.6.3 Financials
      • 15.3.6.4 SWOT Analysis
    • 15.3.7 Medtronic plc
      • 15.3.7.1 Company Overview
      • 15.3.7.2 Product Portfolio
      • 15.3.7.3 Financials
      • 15.3.7.4 SWOT Analysis
    • 15.3.8 Olympus Corporation
      • 15.3.8.1 Company Overview
      • 15.3.8.2 Product Portfolio
      • 15.3.8.3 Financials
      • 15.3.8.4 SWOT Analysis
    • 15.3.9 PENTAX Medical (Hoya Corporation)
      • 15.3.9.1 Company Overview
      • 15.3.9.2 Product Portfolio

List of Figures

  • Figure 1: Global: Smart Pills Market: Major Drivers and Challenges
  • Figure 2: Global: Smart Pills Market: Sales Value (in Billion US$), 2016-2021
  • Figure 3: Global: Smart Pills Market Forecast: Sales Value (in Billion US$), 2022-2027
  • Figure 4: Global: Smart Pills Market: Breakup by Target Area (in %), 2021
  • Figure 5: Global: Smart Pills Market: Breakup by Disease Indication (in %), 2021
  • Figure 6: Global: Smart Pills Market: Breakup by Application (in %), 2021
  • Figure 7: Global: Smart Pills Market: Breakup by End User (in %), 2021
  • Figure 8: Global: Smart Pills Market: Breakup by Region (in %), 2021
  • Figure 9: Global: Smart Pills (Esophagus) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 10: Global: Smart Pills (Esophagus) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 11: Global: Smart Pills (Small Intestine) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 12: Global: Smart Pills (Small Intestine) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 13: Global: Smart Pills (Large Intestine) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 14: Global: Smart Pills (Large Intestine) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 15: Global: Smart Pills (Stomach) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 16: Global: Smart Pills (Stomach) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 17: Global: Smart Pills (Esophageal Diseases) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 18: Global: Smart Pills (Esophageal Diseases) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 19: Global: Smart Pills (Small Bowel Diseases) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 20: Global: Smart Pills (Small Bowel Diseases) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 21: Global: Smart Pills (Colon Diseases) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 22: Global: Smart Pills (Colon Diseases) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 23: Global: Smart Pills (Other Disease Indications) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 24: Global: Smart Pills (Other Disease Indications) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 25: Global: Smart Pills (Capsule Endoscopy) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 26: Global: Smart Pills (Capsule Endoscopy) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 27: Global: Smart Pills (Drug Delivery) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 28: Global: Smart Pills (Drug Delivery) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 29: Global: Smart Pills (Patient Monitoring) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 30: Global: Smart Pills (Patient Monitoring) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 31: Global: Smart Pills (Hospitals) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 32: Global: Smart Pills (Hospitals) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 33: Global: Smart Pills (Diagnostic Centers) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 34: Global: Smart Pills (Diagnostic Centers) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 35: Global: Smart Pills (Research Institutes) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 36: Global: Smart Pills (Research Institutes) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 37: North America: Smart Pills Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 38: North America: Smart Pills Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 39: United States: Smart Pills Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 40: United States: Smart Pills Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 41: Canada: Smart Pills Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 42: Canada: Smart Pills Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 43: Asia-Pacific: Smart Pills Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 44: Asia-Pacific: Smart Pills Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 45: China: Smart Pills Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 46: China: Smart Pills Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 47: Japan: Smart Pills Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 48: Japan: Smart Pills Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 49: India: Smart Pills Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 50: India: Smart Pills Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 51: South Korea: Smart Pills Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 52: South Korea: Smart Pills Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 53: Australia: Smart Pills Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 54: Australia: Smart Pills Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 55: Indonesia: Smart Pills Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 56: Indonesia: Smart Pills Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 57: Others: Smart Pills Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 58: Others: Smart Pills Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 59: Europe: Smart Pills Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 60: Europe: Smart Pills Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 61: Germany: Smart Pills Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 62: Germany: Smart Pills Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 63: France: Smart Pills Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 64: France: Smart Pills Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 65: United Kingdom: Smart Pills Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 66: United Kingdom: Smart Pills Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 67: Italy: Smart Pills Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 68: Italy: Smart Pills Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 69: Spain: Smart Pills Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 70: Spain: Smart Pills Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 71: Russia: Smart Pills Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 72: Russia: Smart Pills Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 73: Others: Smart Pills Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 74: Others: Smart Pills Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 75: Latin America: Smart Pills Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 76: Latin America: Smart Pills Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 77: Brazil: Smart Pills Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 78: Brazil: Smart Pills Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 79: Mexico: Smart Pills Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 80: Mexico: Smart Pills Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 81: Others: Smart Pills Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 82: Others: Smart Pills Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 83: Middle East and Africa: Smart Pills Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 84: Middle East and Africa: Smart Pills Market: Breakup by Country (in %), 2021
  • Figure 85: Middle East and Africa: Smart Pills Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 86: Global: Smart Pills Industry: SWOT Analysis
  • Figure 87: Global: Smart Pills Industry: Value Chain Analysis
  • Figure 88: Global: Smart Pills Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Smart Pills Market: Key Industry Highlights, 2021 and 2027
  • Table 2: Global: Smart Pills Market Forecast: Breakup by Target Area (in Million US$), 2022-2027
  • Table 3: Global: Smart Pills Market Forecast: Breakup by Disease Indication (in Million US$), 2022-2027
  • Table 4: Global: Smart Pills Market Forecast: Breakup by Application (in Million US$), 2022-2027
  • Table 5: Global: Smart Pills Market Forecast: Breakup by End User (in Million US$), 2022-2027
  • Table 6: Global: Smart Pills Market Forecast: Breakup by Region (in Million US$), 2022-2027
  • Table 7: Global: Smart Pills Market: Competitive Structure
  • Table 8: Global: Smart Pills Market: Key Players