Base Year
Historical Year
Forecast Year
The global smart pills market size attained a value of about USD 1.07 billion in 2023, driven by the growing number of people suffering from gastrointestinal disorders. The market is further expected to grow at a CAGR of 16.2% during the forecast period of 2024-2032 to reach a value of nearly USD 4.13 billion by 2032, driven by the increasing prevalence of addiction across the globe.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
North America is one of the leading markets in the world and is expected to grow significantly during the forecast period. The demand for smart pills in North America is mainly driven by a growing geriatric population, rising disease complexity, strong healthcare infrastructure, the involvement of key companies, and an increasing trend towards the adoption of new technologies in the healthcare sector in the region. Europe also held a significant market share in 2020, which is expected to increase during the forecast period due to the robust medical infrastructure and high diagnostic and care rates in Western Europe and technological advancements.
The Asia Pacific region is also expected to witness a robust growth in the coming years. Factors that contribute to the growth of the smart pills industry in the Asia Pacific include the large population base, the presence of small companies in China and Japan, the rise in people's disposable incomes, technological development, and an increasing trend in research in academic organisations in the area.
Smart pills, variously known as digital pills, are drugs administered to patients who are fitted with edible electronic sensors that transmit wireless signals to devices, such as patches, tablets, or smartphones, outside the body when they are swallowed.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The disease indications considered in the market can be divided into the following:
The target area can be segmented as follows:
Smart pills find wide applications in the following segments:
The end-uses for the product include:
The regional markets for smart pills can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The rise in the number of people suffering from gastrointestinal disorders would have a positive effect on the growth of the market over the projected period. Gastrointestinal, pancreatic, and liver disorders are a key source of substantial mortality, morbidity, and stress on the healthcare system throughout the globe. The high prevalence of liver and gastrointestinal diseases has led to a significant amount of pressure on the healthcare system, boosting the market growth. Other factors driving the growth of the market include the rising population, growing disposable incomes, and the growing medical sector.
The report gives a detailed analysis of the following key players in the global smart pills market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Indication |
|
| Breakup by Applications |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Supplier Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
In 2023, the global market for smart pills attained a value of USD 1.07 billion.
The market is anticipated to grow at a CAGR of 16.2% during the forecast period of 2024-2032 to reach a value of USD 4.13 billion by 2032.
The growth of the market is being driven by factors like rising population, growing disposable incomes, growing number of people suffering from gastrointestinal disorders, technological advancements, rising geriatric population, increasing disease complexity, and the thriving healthcare sector.
The rising cases of health disorders and growing investments into the healthcare sector are the key industry trends driving the market growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading disease indications in the market are oesophageal diseases, colon diseases, and small bowel diseases, among others.
The major target areas of smart pills in the industry are large intestine, small intestine, stomach, and oesophagus, among others.
The significant application segments in the market are capsule endoscopy, patient monitoring, and drug delivery, among others.
The leading end use sectors in the industry are diagnostic centres, hospitals, and research institutes, among others.
The major players in the industry are CapsoVision, Inc., Olympus Corporation, Medtronic Plc, Koninklijke Philips N.V., and Proteus Digital Health, Inc., among others.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
Share