Global Smart Pills Market Data 2024, Forecast To 2033
19 Jan, 2024
The smart pills market size has rapidly increased, surging from $4.98 billion in 2023 to $5.53 billion in 2024, reflecting an 11.2% CAGR. Historical growth is attributed to medication adherence, chronic disease management, clinical trials and research, and an aging population. Predictions for 2028 estimate a market size of $8.49 billion, growing at an 11.3% CAGR. Key contributors include remote patient monitoring, regulatory and quality standards, clinical trials and research, and digital health integration. Trends in the forecast period emphasize wireless health monitoring, diagnostic and imaging capsules, data analytics and artificial intelligence, smart pill sensors, miniaturization, and biocompatibility.
Global Smart Pills Market Key Driver
The smart pills market expands with the growing preference for non-invasive procedures. Smart pills, wireless ingestible capsules, find applications in diagnostic imaging and patient monitoring. The capsule endoscopy, a non-invasive diagnostic procedure, revolutionizes gastrointestinal disorder diagnosis, emphasizing the market's growth driven by non-invasive procedures.
Get A Free Sample Of The Global Smart Pills Market ReportGlobal Smart Pills Market Segments
The smart pills market covered in this report is segmented –
1) By Target Area: Esophagus, Stomach, Small Intestine, Large Intestine
2) By Disease Indication: Esophageal Diseases, Colon Diseases, Small bowel Diseases, and Other Disease Indications
3) By Application: Capsule Endoscopy, Patient Monitoring, Drug Delivery
4) By End User: Hospital, Diagnostic Center, Research Institute
By Geography: The regions covered in the smart pills market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
North America was the largest region in the smart pills market in 2023. Western Europe was the second-largest region in the smart pills market analysis. The regions covered in the smart pills market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Smart Pills Industry Players
Medtronic plc, Olympus Corporation, CapsoVision Inc., Novartis AG, Proteus Digital Health Inc., Koninklijke Philips N.V., MicroCHIPS Inc., Bio-Images Drug Delivery (BDD) Ltd., Given Imaging Ltd., Vitality Inc., Boston Scientific Corporation, HQ Inc., Fujifilm Holdings Corporation, General Electric Company, Check-Cap Ltd., IntroMedic Co. Ltd., Jinshan Science & Technology Co. Ltd., PENTAX Medical, etectRx Inc., Pixie Scientific HQ Inc., ANX Robotica Corp., RF Co. Ltd., Shenzhen Jifu Medical Technology Co. Ltd., Otsuka America Pharmaceutical Inc., Medimetrics Personalized Drug Delivery B.V., Smart Pill Inc., Medisafe Inc., AdhereTech LLC, TabSafe Medical Services Inc.
Get The Full Global Smart Pills Market Report
Smart Pills Market Overview
Smart pills are used to deliver medication and are equipped with electronic sensors that emit signals to be captured by patches or smartphones when they are swallowed. These pills ensure drug regimen compliance and help track medication adherence of patients.
Smart Pills Global Market Report 2023 provides data on the global smart pills market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The smart pills market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.