Market Overview:
The global smart pills technology market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of gastrointestinal (GI) disorders, rising geriatric population, and technological advancements in smart pills technology. Based on type, the global smart pills technology market is segmented into capsule endoscopy technology and gastrointestinal monitoring technology. Capsule endoscopy technology held a larger share of the market in 2017 owing to its advantages such as high accuracy and patient comfort over traditional endoscopy procedures. However, gastrointestinal monitoring technology is expected to grow at a higher CAGR during the forecast period due to its growing demand for early diagnosis and treatment of GI disorders. Based on application, the global smart pills technology market is segmented into diagnosis, monitoring, and others (including drug delivery).
Product Definition:
Smart pills technology refers to the usage of smart pills in order to improve patient care and medication adherence. Smart pills are usually defined as devices that can communicate with a healthcare provider wirelessly, which allows for real-time monitoring of medication intake and adjustment. The importance of smart pills technology is that it can help improve patient care by ensuring that patients are taking their medications as prescribed, which can lead to improved health outcomes. Additionally,smart pill technology can help reduce the cost of healthcare by reducing medication waste and improving adherence rates.
Capsule Endoscopy Technology:
Capsule endoscopy is a minimally invasive procedure used to gain images of the internal organs. It is an alternative approach for diagnostic and therapeutic procedures, which provides valuable information in a non-invasive way. In capsule endoscopy, small cameras are inserted into the body through capsules or hollow tubes.
Gastrointestinal Monitoring Technology:
Gastrointestinal monitoring technology is used in smart pills technology for real-time analysis of the stomach content and GI tract. The global market size was valued at USD 0.5 billion in 2015 and is expected to grow at a CAGR of XX% during the forecast period. Increasing prevalence of gastrointestinal disorders, such as gastric ulcer disease & cancer, among other diseases that require upper GI endoscopy are some high impact rendering drivers for this market.
Application Insights:
On the basis of application, the global smart pills technology market has been segmented into diagnosis and monitoring. In 2017, the diagnosis segment dominated the overall market with a share of over 60%. This is attributed to factors such as increasing prevalence of chronic diseases and growing geriatric population in developed countries like U.S., Canada, Germany etc. Furthermore, a rise in demand for minimally invasive surgeries is further expected to drive this application trend during forecast period.
The gastrointestinal monitoring technology segment is anticipated to witness lucrative growth during forecast period owing to high adoption rate among GI specialists for early detection of symptoms related to Crohn¢â‚¬â„¢s disease or ulcerative colitis patients undergoing surveillance via Endoscopy or capsule endoscopy procedures at an early stage before any complications arise which may require hospitalization & surgery eventually leading towards higher adoption rate & greater revenue generation potential over time.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period owing to increasing prevalence of colorectal cancer and other gastrointestinal disorders, presence of sophisticated healthcare infrastructure, and high adoption rate for technologically advanced products.
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period due to factors such as improving healthcare facilities & infrastructure; rising awareness about early diagnosis; increase in purchasing power; and government initiatives for spreading smart pills technology usage among patients. In addition, an increase in number of product launches coupled with growing penetration of generic drugs will also drive growth during the same period. For instance, Japan’s Ministry Of Health Labor And Welfare (MHLW) has approved a reimbursement system that covers 80% cost incurred by clinics while treating patients with smart pill capsule endoscopy systems under a national health insurance program from April 2018 onwards.
Growth Factors:
- Increasing demand for better healthcare and technological advancements in the field of smart pills technology will drive the market growth.
- Rising geriatric population, who are more prone to chronic diseases, will fuel the demand for smart pills technology as it helps in early diagnosis and treatment of various diseases.
- Growing awareness about benefits of using smart pills technology will create new opportunities for market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Pills Technology Market Research Report
By Type
Capsule Endoscopy Technology, Gastrointestinal Monitoring Technology
By Application
Diagnosis, Monitoring, Others
By Companies
Proteus Digital Health, CapsoVision, Given Imaging, Olympus Corporation, Chongqing Jinshan Science and Technology Group Co.Ltd, IntroMedic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Smart Pills Technology Market Report Segments:
The global Smart Pills Technology market is segmented on the basis of:
Types
Capsule Endoscopy Technology, Gastrointestinal Monitoring Technology
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Diagnosis, Monitoring, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Proteus Digital Health
- CapsoVision
- Given Imaging
- Olympus Corporation
- Chongqing Jinshan Science and Technology Group Co.Ltd
- IntroMedic
Highlights of The Smart Pills Technology Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Capsule Endoscopy Technology
- Gastrointestinal Monitoring Technology
- By Application:
- Diagnosis
- Monitoring
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Pills Technology Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart pills technology is a term used to describe the use of electronic devices, such as smartphones and tablets, to manage or monitor medication dosages. These devices can be used to track the amount of medication taken by a patient over time, provide alerts if dosage levels are exceeded or fall below prescribed limits, and provide other health-related information.
Some of the major players in the smart pills technology market are Proteus Digital Health, CapsoVision, Given Imaging, Olympus Corporation, Chongqing Jinshan Science and Technology Group Co.Ltd, IntroMedic.
The smart pills technology market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Pills Technology Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Pills Technology Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Pills Technology Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Pills Technology Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Pills Technology Market Size & Forecast, 2018-2028
4.5.1 Smart Pills Technology Market Size and Y-o-Y Growth
4.5.2 Smart Pills Technology Market Absolute $ Opportunity
Chapter 5 Global Smart Pills Technology Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Smart Pills Technology Market Size Forecast by Type
5.2.1 Capsule Endoscopy Technology
5.2.2 Gastrointestinal Monitoring Technology
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Pills Technology Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Smart Pills Technology Market Size Forecast by Applications
6.2.1 Diagnosis
6.2.2 Monitoring
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Pills Technology Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Pills Technology Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Smart Pills Technology Analysis and Forecast
9.1 Introduction
9.2 North America Smart Pills Technology Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Smart Pills Technology Market Size Forecast by Type
9.6.1 Capsule Endoscopy Technology
9.6.2 Gastrointestinal Monitoring Technology
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Smart Pills Technology Market Size Forecast by Applications
9.10.1 Diagnosis
9.10.2 Monitoring
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Smart Pills Technology Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Pills Technology Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Smart Pills Technology Market Size Forecast by Type
10.6.1 Capsule Endoscopy Technology
10.6.2 Gastrointestinal Monitoring Technology
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Smart Pills Technology Market Size Forecast by Applications
10.10.1 Diagnosis
10.10.2 Monitoring
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Smart Pills Technology Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Pills Technology Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Smart Pills Technology Market Size Forecast by Type
11.6.1 Capsule Endoscopy Technology
11.6.2 Gastrointestinal Monitoring Technology
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Smart Pills Technology Market Size Forecast by Applications
11.10.1 Diagnosis
11.10.2 Monitoring
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Smart Pills Technology Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Pills Technology Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Smart Pills Technology Market Size Forecast by Type
12.6.1 Capsule Endoscopy Technology
12.6.2 Gastrointestinal Monitoring Technology
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Smart Pills Technology Market Size Forecast by Applications
12.10.1 Diagnosis
12.10.2 Monitoring
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Smart Pills Technology Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Pills Technology Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Smart Pills Technology Market Size Forecast by Type
13.6.1 Capsule Endoscopy Technology
13.6.2 Gastrointestinal Monitoring Technology
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Smart Pills Technology Market Size Forecast by Applications
13.10.1 Diagnosis
13.10.2 Monitoring
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Pills Technology Market: Competitive Dashboard
14.2 Global Smart Pills Technology Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Proteus Digital Health
14.3.2 CapsoVision
14.3.3 Given Imaging
14.3.4 Olympus Corporation
14.3.5 Chongqing Jinshan Science and Technology Group Co.Ltd
14.3.6 IntroMedic
