According to Business Intelligence Insights “Global Smart Pills Technology Market is expected to grow from USD 3,291.5 million in 2021 to USD 6,321.6 million by 2030, at a CAGR of 8.5% during the forecast period 2022-2030.
2. Kkk Market Size 2021-2030
Market Size 2021
USD 3,291.5
Million
Market Size 2030
USD 6,321.6
Million
CAGR
8.5 %
Leading Region
North
America
North America
Latin America
Middle East and
Africa
Asia Pacific
Europe
3. The growing preference of patients for minimally invasive surgeries is
fueling the expansion of the smart pill market. Smart pills are small
digital devices that are fashioned and built like capsules and perform
extremely advanced functions like sensing, imaging, and medicine
delivery. These capsules may contain a biosensor, an image sensor, a pH
sensor, or a chemical sensor, and when eaten, they travel along the
gastrointestinal track to record images that would otherwise be
impossible to obtain. Smart pills also include a small wearable sensor
patch that is linked to a mobile app and a provider site. These non-
invasive gadgets have transformed cancer and gastrointestinal disorders
diagnosis and potentially replace traditional diagnostic approaches such
as endoscopy.
Globally, rising rates of chronic diseases such as colorectal and breast
cancer, as well as an increase in the prevalence of lifestyle-related
disorders such as gastrointestinal reflux disease (GERD), gastric ulcers,
and others, are expected to drive demand for enhanced treatment
alternatives. Furthermore, the growing desire of patients for minimally
invasive treatments for treatment is likely to boost the growth of the
smart pills market during the forecast period. Certain advantages
provided by smart pills, such as enhanced capsule endoscopy, targeted
medication delivery, and simple remote patient monitoring, are driving
an increase in the use of smart tablets in the treatment of patients with
gastrointestinal illnesses or cancer. Moreover, market participants are
boosting their R&D investments in order to introduce tiny pills for the
diagnosis and treatment of new illness conditions.
Market
Overview:
5. • Minimally Invasive Devices Are
Becoming More Popular
• The rising burden of
gastrointestinal disorders
Market Drivers
• Increasing Costs as
Technology Advances
• Potential Health Dangers
Market Restraint
Market Drivers, Restraint, Opportunities:
7. By Region
By End Use
By Target
Area
By
Application
Market
Segmentation
All the segments are evaluated by
taking into consideration the historic
and future trends. All the segments
with the dominating & fastest growing
sub-segments and the factors
responsible for the same are studied
and are mentioned in the report.
8. Capsule Endoscopy category dominated the market with a
major share of the market share
Capsule endoscopy generated the greatest income throughout
the projection period, and this dominance is expected to
continue throughout the forecast period. This is because the
prevalence of gastrointestinal diseases such as gastroesophageal
reflux disease (GERD), irritable bowel syndrome (IBS), ulcers, and
others has increased. The patient monitoring sector, on the
other hand, is expected to grow at the fastest rate during the
forecast period, owing to increased awareness about the
problems associated with medication non-adherence, which are
the primary reasons driving the Smart Pill Technology Market
growth in the coming years.
Segmentation
Insights:
10. North America dominated the market with a major share of the
market share
Due to reasons such as rising colorectal cancer prevalence,
technological improvements in healthcare, and regulatory
approvals for new products, North America presently dominates
the Smart Pill Technology Market. The increased frequency of
gastrointestinal illnesses and stomach cancer, as well as
mandatory healthcare insurance regulations, are the key drivers
affecting the market growth in North America. The high
frequency of target illnesses, combined with increased
government backing, is likely to create additional growth
prospects for the North American smart pill market. All of these
variables are projected to generate possibilities for major
companies in the region.
Regional
Insights:
11. Smart Pills Technology Market Market
Segmentation Analysis
By Application: (Capsule
Endoscopy, Drug Delivery, and
Patient Monitoring)
01
By Target Area: (Esophagus, Stomach,
Small Intestine, and Large Intestine)
02
By End Use : (Hospitals and Clinics,
Diagnostic Centres, and Research
Centres)
03
By regional North America, Europe, Asia
Pacific, Latin America Middle East and Africa
04
12. Key Player Analysis
Company Share & Revenue, Strategy, Product
Portfolio
Competitive landscape and dynamics:
Market share, product portfolio, product launches,
etc.
Market environment analysis:
Growth drivers and constraints, Porter’s five forces
analysis, SWOT analysis
Market structure:
Overview, industry life cycle analysis, supply chain
analysis
Key Features of the Report
