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Premium Report Details
Base Year: 2024
Companies covered: 10
Tables & Figures: 147
Countries covered: 18
Pages: 225
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Smart Pills Market
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Smart Pills Market Size
The global smart pills market size was valued at USD 1.2 billion in 2024. The market size is estimated to grow from USD 1.3 billion in 2025 to USD 3.4 billion in 2034, growing at a CAGR of 11.6% over the analysis period. The market is growing rapidly because of the rising cases of gastrointestinal (GI) disorders and high demand for non-invasive diagnostic modalities.
For instance, as per the Crohn’s & Colitis Foundation of America (CCFA), the total number of new cases of Crohn's disease diagnosed each year was 10.7 per 100,000 people, approximately 33,000 new cases per year. Similarly, the incidence rate of ulcerative colitis is 12.2 per 100,000 people, translating to approximately 38,000 new cases diagnosed per year. Disorders like GERD, Crohn’s, and colorectal cancer need sophisticated early diagnosis and treatment, which makes the use of handy diagnostic equipment necessary.
Smart pills technology is also benefiting from advancements in data analytics and artificial intelligence. AI improves data analytics competencies, facilitating better and quicker diagnosis, accurate treatment, and preventive care approaches, making it easier for healthcare professionals. Further, the use of Internet of Thing (IoT) facilitates remote monitoring and enables doctors to monitor health variables of patients without the need for periodic visits to the hospital. Moreover, increased investments and expenditure in healthcare innovation alongside gaining regulatory approvals are also contributing to market growth. The government and private entities are actively sponsoring R&D efforts aimed at developing smart pills technology, especially for drug adherence monitoring and drug delivery systems.
Furthermore, with continuous advancement in technology, a significant growth in the smart pills market is expected in the forecasted period.
Smart pills are defined as an ingestible capsule containing electronic or mechanical elements that traverse the gastrointestinal (GI) tract for purposes ranging from diagnosis, treatment, and monitoring. These pills can be easily swallowed by patients, thereby resulting in minimal discomfort.
Smart Pills Market Trends
Smart Pills Market Analysis
Based on the component, the market is segmented into product and patient monitoring software. The product segment is further divided into capsule and other products. The product segment dominated the market in 2024 and accounted for USD 725.9 million. The market was valued at USD 539.6 million, 595.1 million, and 657 million in 2021, 2022, and 2023, respectively.
Based on the target area, the smart pills market is segmented into stomach, small intestine, large intestine, and esophagus. The stomach segment dominated the market with 44.1% of market share in 2024.
Based on the application, the smart pills market is categorized into capsule endoscopy, targeted drug delivery, and vital sign monitoring. The capsule endoscopy segment dominated the market and is predicted to grow at a CAGR of 11.4% over the forecast period.
Based on the end use, the smart pills market is segmented into hospitals, diagnostic centers, and other end users. The hospitals segment held highest market share in 2024 and is anticipated to reach USD 2.1 billion in 2034.
North America smart pills market was valued at USD 455.5 million in 2024 and is anticipated to grow at a CAGR of 11.3% over the forecast years. The U.S. dominated North America market with a revenue of USD 312.2 million in 2021. The market was valued at USD 343.8 million in 2022 and reached USD 379.1 million in 2023.
Europe smart pills market is anticipated to witness rapid growth at a CAGR of 11.8% over the forecast period.
China smart pills sector dominated the Asia Pacific smart pills market.
Brazil smart pills market is anticipated to witness high growth in the Latin America market.
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Smart Pills Market Share
The major players operating in the smart pills industry include Medtronic, Intromedic, CapsoVision, etectRx, and Olympus Corporation, among others. Top 3 players including Medtronic, Intromedic, and CapsoVision account for approximately over 45% of the global market. These market players focus on strategies such as mergers, acquisitions, innovative product development and launches, expansion, and collaboration to generate more revenue and withstand market competition.
Moreover, businesses are allocating significant resources to research to accelerate innovation in this field. Also, there are several other emerging players operating in the market that strive for market share. These players are focussing their attention on emerging economies of Asia Pacific and Latin America.
Smart Pills Market Companies
Prominent players operating in the smart pills industry include:
Medtronic leverages its expertise in medical technology to develop innovative ingestible devices. The company offers an innovative PillCam technology. This ingestible capsule enables non-invasive imaging of the gastrointestinal tract, particularly the colon, aiding in the diagnosis of disorders such as colorectal cancer.
With its strong capabilities in medical imaging and endoscopy, Olympus stands as one of key players in the smart pills industry. The company concentrates on creating next-generation capsule endoscopy systems to assist physicians in diagnosing and tracking gastrointestinal diseases with much less invasive techniques. The company's ENDOCAPSULE 10 SYSTEM produces extremely high-quality images for fast, efficient and precise examinations of small intestine.
Smart Pills Industry News:
The smart pills market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million from 2021 - 2034 for the following segments:
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Market, By Component
Market, By Target Area
Market, By Application
Market, By End Use
The above information is provided for the following regions and countries: