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The Smart Pills Market Size was valued at USD 0.70 Billion in 2023 and is expected to reach USD 1.76 Billion by 2032 and grow at a CAGR of 11.35% over the forecast period 2024-2032.
Small digital devices known as "smart pills" are designed to do very complex tasks like sensing, imaging, and medicine delivery. They are formed and made to resemble capsules. These capsules may contain a biosensor, an image sensor, a pH sensor, or a chemical sensor, and when eaten, they travel along the digestive track to collect images that would be otherwise challenging to obtain. A small wearable sensor patch that connects to a provider portal and an app on a mobile device is also included with smart pills. These non-invasive tools have completely altered how cancer and gastrointestinal illnesses are diagnosed, as well as how endoscopy and other traditional diagnostic methods are used.
DRIVERS
Increasing the demand for non-invasive diagnostic and monitoring devices
Due to their convenience, diminished discomfort, and decreased chance of consequences, non-invasive diagnostic techniques are often preferred by patients. Innovative technologies like smart pills that can deliver diagnostic information without invasive procedures are being developed as a result of the increased demand for noninvasive diagnostics. The trend towards patient-centric treatment and individualized medicine, which is more general, is in line with the shift toward least invasive diagnosis. This encourages the use of smart medicines since it gives patients more control over their own healthcare and empowers them. Smart pill technology makes it simple for patients to keep tabs on their medical conditions and evaluate the success of their therapies.
RESTRAIN
High cost associated with smart pills
The development of smart pills has drawn on research from several fields of science, including biology, semiconductors, and information technology, among others. Smart pill technology needs to be developed and improved, which will cost a lot of R&D expenditure. Designing and testing sophisticated sensors, wireless communication capabilities, miniature cameras, and data processing algorithms are all part of the process. The cost of smart tablets has increased overall as a result of these research initiatives. The costs related to manufacturing, regulatory compliance, ongoing technical developments, and research & development all go into the overall price of smart pills.
OPPORTUNITY
Growing demand for advance delivery system
Medication delivery systems have historically been primarily focused on oral administration of quickly acting therapeutic drugs. But the drawbacks of traditional drug delivery techniques, like the need for greater doses, repeated administration, and erratic release of therapeutic chemicals, have motivated the investigation of alternate strategies. Biopharmaceutical businesses have invested significant resources in creating advanced drug delivery systems (ADDSs) to get around these constraints as drug molecules have improved and new modalities have been investigated. A suitable environment for the creation and use of smart pills is created by the expansion of cutting-edge drug delivery technologies.
CHALLENGES
Implications with patient privacy
Patients and providers across the country were already quite concerned about data security in the healthcare industry. Nearly two health data breaches per day occurred in 2022, and the Office for Civil Rights of the US Department of Health and Human Services, which recorded reports of these data breaches, calculated that 95.43% of the US population was impacted by these incidents in that year. Smart pills' use of cutting-edge technologies and sensors raises questions about how personal health data is collected, stored, and used. Smart pills produce and send private health information, such as adherence to medicine, physiological data, and possibly even real-time video or photos from inside the body. For protection against unauthorized access, breaches, or misuse of this information, it is essential to implement strong data security procedures.
The pharmaceutical and healthcare sectors are starting to worry about their ability to continue the business, much like the rest of the world. And with good reason, too. Millions of people are impacted by Russia's invasion of Ukraine, not just in this country of Eastern Europe but also around the world. As a result, drug developers will thus experience delays in the development process, a loss of business continuity, and a risk of non-compliance for drugs already on the market.
By Application
In 2022, capsule endoscopy segment is expected to dominate the smart pill market share during the forecast period due to the rising cases of colon cancer and modern alternatives like capsule endoscopy are gradually taking place established gastrointestinal diagnostic techniques like endoscopy and colonoscopy.
By Target Area
In 2022, small intestine segment is expected to dominate the smart pill market growth due to rise in small intestine diseases such as celiac disorder, crohn’s disorder, small bowel tumors, and the small intestine’s intricate anatomy which presents challenges in terms of availability.
By End User
In 2022, hospitals segment is expected to dominate the smart pills market share during the forecast period due to a number of variables, such as a rise in the desire for minimally invasive surgical procedures, poor drug adherence, and an increase in hospitalizations and surgical procedures performed globally. In general, the rise in cases of inflammatory bowel disease (IBD) has led hospitals to accept smart pills as an important instrument in diagnostic procedures. Smart tablets are a profitable choice for hospitals looking to improve patient care and deal with the rising burden of inflammatory bowel illnesses because of their noninvasive nature and capacity to promote early detection and diagnosis.
North America held a significant market growth in 2022 and is likely to maintain its dominance during the projection due to the medical industry's technical advancements. The rise in colorectal cancer cases and the regulatory clearance of new products will also contribute the market for smart pills. Also, increasing developments in ingestible electronics by scientists working in medicine. Guidelines for obtaining authorization for digital smart tablets have been developed by a number of regulators in the area, including the U.S. FDA. Over the anticipated period, these actions should accelerate regional growth.
Asia-Pacific is witness to increase at the highest rate during the forecast period due to variables like the requirement for health insurance, developments in technology, and an increase in the incidence of stomach cancer and gastrointestinal diseases. Japan has the third-highest rate of stomach cancer among Asian countries, according to the World Cancer Research Fund International. As a result of the high frequency of the target diseases and growing government aid, Japan will have ample growth potential.
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The major players are Chongqing Jinshan Science Technology (Group) Co., Ltd, RF Co. Ltd, etectrx, BodyCap, CapsoVision, Inc., Medtronic plc, Check-Cap Ltd., IntroMedic, ANX Robotica Corp., Olympus Corporation, Shenzen Jifu Medical Technology Co., Ltd, Otsuka America Pharmaceutical, Inc., and Other Players
AnX Robotica Corp., in 2023, the NaviCam Small Bowel System was introduced in the US by AnX Robotica Corp. A crucial step in the diagnosis of small bowel disease, the NaviCam SB System makes use of aspherical lens technology to eliminate distortion and improve the field of view.
Check-Cap, in 2021, The production line and manufacturing capacity of C-Scan were increased by Check-Cap, and technical problems were resolved by using a single supplier. For the purpose of supporting its critical US study, the business dramatically increased its production line.
| Report Attributes | Details |
| Market Size in 2022 | US$ 0.70 Billion |
| Market Size by 2030 | US$ 1.76 Billion |
| CAGR | CAGR of 11.35% From 2024 to 2032 |
| Base Year | 2022 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Application (Capsule Endoscopy, Drug Delivery, Patient Monitoring) • By Target Area (Esophagus, Small Intestine, Large Intestine, Stomach) • By End User (Hospitals, Diagnostic Centers, Other End User) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Chongqing Jinshan Science Technology (Group) Co., Ltd, RF Co., Ltd, etectrx, BodyCap, CapsoVision, Inc., Medtronic plc, Check-Cap Ltd., IntroMedic, ANX Robotica Corp., Olympus Corporation, Shenzen Jifu Medical Technology Co., Ltd, Otsuka America Pharmaceutical, Inc. |
| Key Drivers | • Increasing the demand for non-invasive diagnostic and monitoring devices |
| Market Opportunity | • Growing demand for advance delivery system |
Ans: The Smart Pills Market is expected to grow at 11.35% CAGR from 2024 to 2032.
Ans: According to our analysis, the Smart Pills Market is anticipated to reach USD 1.76 billion By 2032.
Ans: The leading participants are Chongqing Jinshan Science Technology (Group) Co., Ltd, RF Co., Ltd, etectrx, BodyCap, CapsoVision, Inc., Medtronic plc, Check-Cap Ltd., IntroMedic, ANX Robotica Corp., Olympus Corporation, Shenzen Jifu Medical Technology Co., Ltd, Otsuka America Pharmaceutical, Inc., and Others.
Ans: Factors such as the demand for advanced drug delivery systems with benefits icludes optimal use of the active pharmaceutical ingredients, reduced dosage frequency, minimal adverse/side effects, targeted drug delivery, and the safer carrier is influencing the market for smart pills.
Ans: Yes, you may request customization based on your company's needs.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine-Russia War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Smart Pills Market, By Application
8.1 Capsule Endoscopy
8.2 Drug Delivery
8.3 Patient Monitoring
9. Smart Pills Market, By Target Area
9.1 Esophagus
9.2 Small Intestine
9.3 Large Intestine
9.4 Stomach
10. Smart Pills Market, By End User
10.1 Hospitals
10.2 Diagnostic Centers
10.3 Other End User
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Smart Pills Market by Country
11.2.2 North America Smart Pills Market by Application
11.2.3 North America Smart Pills Market by Target Area
11.2.4 North America Smart Pills Market by End User
11.2.5 USA
11.2.5.1 USA Smart Pills Market by Application
11.2.5.2 USA Smart Pills Market by Target Area
11.2.5.3 USA Smart Pills Market by End User
11.2.6 Canada
11.2.6.1 Canada Smart Pills Market by Application
11.2.6.2 Canada Smart Pills Market by Target Area
11.2.6.3 Canada Smart Pills Market by End User
11.2.7 Mexico
11.2.7.1 Mexico Smart Pills Market by Application
11.2.7.2 Mexico Smart Pills Market by Target Area
11.2.7.3 Mexico Smart Pills Market by End User
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Smart Pills Market by Country
11.3.1.2 Eastern Europe Smart Pills Market by Application
11.3.1.3 Eastern Europe Smart Pills Market by Target Area
11.3.1.4 Eastern Europe Smart Pills Market by End User
11.3.1.5 Poland
11.3.1.5.1 Poland Smart Pills Market by Application
11.3.1.5.2 Poland Smart Pills Market by Target Area
11.3.1.5.3 Poland Smart Pills Market by End User
11.3.1.6 Romania
11.3.1.6.1 Romania Smart Pills Market by Application
11.3.1.6.2 Romania Smart Pills Market by Target Area
11.3.1.6.3 Romania Smart Pills Market by End User
11.3.1.7 Turkey
11.3.1.7.1 Turkey Smart Pills Market by Application
11.3.1.7.2 Turkey Smart Pills Market by Target Area
11.3.1.7.3 Turkey Smart Pills Market by End User
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Smart Pills Market by Application
11.3.1.8.2 Rest of Eastern Europe Smart Pills Market by Target Area
11.3.1.8.3 Rest of Eastern Europe Smart Pills Market by End User
11.3.2 Western Europe
11.3.2.1 Western Europe Smart Pills Market by Application
11.3.2.2 Western Europe Smart Pills Market by Target Area
11.3.2.3 Western Europe Smart Pills Market by End User
11.3.2.4 Germany
11.3.2.4.1 Germany Smart Pills Market by Application
11.3.2.4.2 Germany Smart Pills Market by Target Area
11.3.2.4.3 Germany Smart Pills Market by End User
11.3.2.5 France
11.3.2.5.1 France Smart Pills Market by Application
11.3.2.5.2 France Smart Pills Market by Target Area
11.3.2.5.3 France Smart Pills Market by End User
11.3.2.6 UK
11.3.2.6.1 UK Smart Pills Market by Application
11.3.2.6.2 UK Smart Pills Market by Target Area
11.3.2.6.3 UK Smart Pills Market by End User
11.3.2.7 Italy
11.3.2.7.1 Italy Smart Pills Market by Application
11.3.2.7.2 Italy Smart Pills Market by Target Area
11.3.2.7.3 Italy Smart Pills Market by End User
11.3.2.8 Spain
11.3.2.8.1 Spain Smart Pills Market by Application
11.3.2.8.2 Spain Smart Pills Market by Target Area
11.3.2.8.3 Spain Smart Pills Market by End User
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Smart Pills Market by Application
11.3.2.9.2 Netherlands Smart Pills Market by Target Area
11.3.2.9.3 Netherlands Smart Pills Market by End User
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Smart Pills Market by Application
11.3.2.10.2 Switzerland Smart Pills Market by Target Area
11.3.2.10.3 Switzerland Smart Pills Market by End User
11.3.2.11 Austria
11.3.2.11.1 Austria Smart Pills Market by Application
11.3.2.11.2 Austria Smart Pills Market by Target Area
11.3.2.11.3 Austria Smart Pills Market by End User
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Smart Pills Market by Application
11.3.2.12.2 Rest of Western Europe Smart Pills Market by Target Area
11.3.2.12.3 Rest of Western Europe Smart Pills Market by End User
11.4 Asia-Pacific
11.4.1 Asia-Pacific Smart Pills Market by Country
11.4.2 Asia-Pacific Smart Pills Market by Application
11.4.3 Asia-Pacific Smart Pills Market by Target Area
11.4.4 Asia-Pacific Smart Pills Market by End User
11.4.5 China
11.4.5.1 China Smart Pills Market by Application
11.4.5.2 China Smart Pills Market by Target Area
11.4.5.3 China Smart Pills Market by End User
11.4.6 India
11.4.6.1 India Smart Pills Market by Application
11.4.6.2 India Smart Pills Market by Target Area
11.4.6.3 India Smart Pills Market by End User
11.4.7 Japan
11.4.7.1 Japan Smart Pills Market by Application
11.4.7.2 Japan Smart Pills Market by Target Area
11.4.7.3 Japan Smart Pills Market by End User
11.4.8 South Korea
11.4.8.1 South Korea Smart Pills Market by Application
11.4.8.2 South Korea Smart Pills Market by Target Area
11.4.8.3 South Korea Smart Pills Market by End User
11.4.9 Vietnam
11.4.9.1 Vietnam Smart Pills Market by Application
11.4.9.2 Vietnam Smart Pills Market by Target Area
11.4.9.3 Vietnam Smart Pills Market by End User
11.4.10 Singapore
11.4.10.1 Singapore Smart Pills Market by Application
11.4.10.2 Singapore Smart Pills Market by Target Area
11.4.10.3 Singapore Smart Pills Market by End User
11.4.11 Australia
11.4.11.1 Australia Smart Pills Market by Application
11.4.11.2 Australia Smart Pills Market by Target Area
11.4.11.3 Australia Smart Pills Market by End User
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Smart Pills Market by Application
11.4.12.2 Rest of Asia-Pacific Smart Pills Market by Target Area
11.4.12.3 Rest of Asia-Pacific Smart Pills Market by End User
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Smart Pills Market by Country
11.5.1.2 Middle East Smart Pills Market by Application
11.5.1.3 Middle East Smart Pills Market by Target Area
11.5.1.4 Middle East Smart Pills Market by End User
11.5.1.5 UAE
11.5.1.5.1 UAE Smart Pills Market by Application
11.5.1.5.2 UAE Smart Pills Market by Target Area
11.5.1.5.3 UAE Smart Pills Market by End User
11.5.1.6 Egypt
11.5.1.6.1 Egypt Smart Pills Market by Application
11.5.1.6.2 Egypt Smart Pills Market by Target Area
11.5.1.6.3 Egypt Smart Pills Market by End User
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Smart Pills Market by Application
11.5.1.7.2 Saudi Arabia Smart Pills Market by Target Area
11.5.1.7.3 Saudi Arabia Smart Pills Market by End User
11.5.1.8 Qatar
11.5.1.8.1 Qatar Smart Pills Market by Application
11.5.1.8.2 Qatar Smart Pills Market by Target Area
11.5.1.8.3 Qatar Smart Pills Market by End User
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Smart Pills Market by Application
11.5.1.9.2 Rest of Middle East Smart Pills Market by Target Area
11.5.1.9.3 Rest of Middle East Smart Pills Market by End User
11.5.2 Africa
11.5.2.1 Africa Smart Pills Market by Country
11.5.2.2 Africa Smart Pills Market by Application
11.5.2.3 Africa Smart Pills Market by Target Area
11.5.2.4 Africa Smart Pills Market by End User
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Smart Pills Market by Application
11.5.2.5.2 Nigeria Smart Pills Market by Target Area
11.5.2.5.3 Nigeria Smart Pills Market by End User
11.5.2.6 South Africa
11.5.2.6.1 South Africa Smart Pills Market by Application
11.5.2.6.2 South Africa Smart Pills Market by Target Area
11.5.2.6.3 South Africa Smart Pills Market by End User
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Smart Pills Market by Application
11.5.2.7.2 Rest of Africa Smart Pills Market by Target Area
11.5.2.7.3 Rest of Africa Smart Pills Market by End User
11.6 Latin America
11.6.1 Latin America Smart Pills Market by Country
11.6.2 Latin America Smart Pills Market by Application
11.6.3 Latin America Smart Pills Market by Target Area
11.6.4 Latin America Smart Pills Market by End User
11.6.5 Brazil
11.6.5.1 Brazil Smart Pills Market by Application
11.6.5.2 Brazil Smart Pills Market by Target Area
11.6.5.3 Brazil Smart Pills Market by End User
11.6.6 Argentina
11.6.6.1 Argentina Smart Pills Market by Application
11.6.6.2 Argentina Smart Pills Market by Target Area
11.6.6.3 Argentina Smart Pills Market by End User
11.6.7 Colombia
11.6.7.1 Colombia Smart Pills Market by Application
11.6.7.2 Colombia Smart Pills Market by Target Area
11.6.7.3 Colombia Smart Pills Market by End User
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Smart Pills Market by Application
11.6.8.2 Rest of Latin America Smart Pills Market by Target Area
11.6.8.3 Rest of Latin America Smart Pills Market by End User
12. Company Profile
12.1 Chongqing Jinshan Science Technology (Group) Co. Ltd
12.1.1 Company Overview
12.1.2 Financials
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 RF Co., Ltd
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 etectrx
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 BodyCap
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 CapsoVision Inc.
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Medtronic plc
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Check-Cap Ltd.
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 IntroMedic
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 ANX Robotica Corp.
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Olympus Corporation
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 Shenzen Jifu Medical Technology Co. Ltd
12.11.1 Company Overview
12.11.2 Financials
12.11.3 Products/ Services Offered
12.11.4 SWOT Analysis
12.11.5 The SNS View
12.12 Otsuka America Pharmaceutical, Inc.
12.12.1 Company Overview
12.12.2 Financials
12.12.3 Products/ Services Offered
12.12.4 SWOT Analysis
12.12.5 The SNS View
12.13 Others
12.12.1 Company Overview
12.12.2 Financials
12.12.3 Products/ Services Offered
12.12.4 SWOT Analysis
12.12.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. USE Cases and Best Practices
15. Conclusion
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By Application
Capsule Endoscopy
Drug Delivery
Patient Monitoring
By Target Area
Esophagus
Small Intestine
Large Intestine
Stomach
By End User
Hospitals
Diagnostic Centers
Other End User
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
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Product Analysis
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Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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