The global smart pills market is experiencing significant growth in 2024, driven by the technological advancements in capsule endoscopy and the growing demand for non-invasive diagnostic monitoring devices. The market is projected to reach reach USD 1.30 billion by 2030 from USD 0.69 billion in 2024, at a CAGR of 11.2% during the forecast period. According to the American Cancer Society (ACS), in 2024, there were 1,52,810 new cases of colorectal cancer (CRC) comprising, 81,540 will be in men and 71,270 in women. Additionally, 1,06,590 of the cases will be colon cancer, while 46,220 will be rectal cancer. CRC remains the second leading cause of cancer-related deaths in the US with an estimated 53,010 deaths in 2024, showing a slight increase from last year’s projected 52,550. Thus, the high incidence of colon cancer are expected to increase the demand for capsule endoscopes for colon cancer screening.
“The small bowel tumor segment is projected to grow at the highest CAGR during the forecast period.”
Based on disease indication, the market for smart pills is divided into segments for crohn’s disease, small bowel tumors, occult GI bleeding, celiac disease, and other disease indications. The small bowel tumor is expected to grow at the highest CAGR during the forecast period due to factors, such as advancements in sensor technology, growing emphasis on patient convenience, rising need for early tumor diagnosis and proper treatment that are expected to drive the adoption of smart pills in the coming years.
“The large intestine accounted for the second largest share of the market during the forecast period in 2023, by target area. “
By target area, the smart pills market is broadly segmented into, small intestine, large intestine, esophagus, and stomach. In 2023, the large intestine target area accounted for the second largest share of smart pills market. Factors such as rising cases of colorectal cancer and requirement for applicable screening, diagnosis, and examining of inflammatory bowel diseases and other gastrointestinal diseases. The growing cases of colorectal cancer & colon cancer have contributed to the rising adoption of smart pills in large intestine as smart pills can reach areas of the colon that may be difficult to visualize with traditional methods.
By region, Europe hold the second largest share of the smart pills market in 2023
Europe accounted for the second largest share of the smart pills market in 2023. Factors such as increase in ageing population and improved utilization of capsule endoscopy for gastrointestinal (GI) bleeding are driving the European smart pills market. According to the guidelines of the European Society of Gastrointestinal Endoscopy (ESGE), small-bowel video capsule endoscopy is recommended as the initial examination for patients with unclear gastrointestinal bleeding. The endorsement of capsule endoscopy by the ESGE guidelines specifies a uniform approach for healthcare professionals, improving the quality of care provided to patients. As a result, the expanding demand for smart pills and other related technologies is driven by the growing use of capsule endoscopy for GI bleeding.
The break up of the profile of primary participants in the smart pills market:
• By Company Type: Tier 1- 40%, Tier 2- 35%, and Tier 25%
• By Designation: C-level Executives- 50%, Directors- 40% , and Others- 10%.
• By Region: North America- 45%, Europe- 30%, Asia Pacific- 20%, Latin America- 3%, and Middle East & Africa- 2%.
Key players in the Smart pills market
The key players operating in the smart pills market include Medtronic (US), Olympus Corporation (Japan), CapsoVision,Inc. (US), IntroMedic (South Korea), ANX Robotics (US), Shenzhen Jifu Medical Technology Co., Ltd. (China), JINSHAN Science & Technology (Group) (China), etectrx (US), Check-Cap (Israel), BodyCap (France) ,and Shangxian Minimal Invasive Inc (China).
Research Coverage:
The report analyzes the smart pills market and aims at estimating the market size and future growth potential of this market based on various segments such as application (capsule endoscopy,patient monitoring, and targeted drug delivery), target area (small intestine,large intestine, esophagus & stomach), disease indication (crohn’s disease, occult GI bleeding, small bowel tumor, celiac disease, & other disease conditions), end user (hospitals, diagnostic centers, outpatient settings, & other end users), and region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The report also includes a product portfolio matrix of various smart pills products available in the market. The report also provides a competitive analysis of the key players in this market, along with their company profiles, service offerings, and key market strategies.
Reasons to Buy the Report
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a more significant share of the market. Firms purchasing the report could use one or any combination of the below-mentioned strategies to strengthen their position in the market.
This report provides insights into the following pointers:
• Analysis of key drivers (rising demand for noninvasive diagnostic monitoring devices, technological advancements in capsule endoscopy, increasing incidence of colon cancer), restraints (high costs & technical limitations associated with accuracy of smart pills), opportunities (continuous innovation in sensor technology, wireless communication and rising need for rapid drug delivery development) and challenges (patient privacy concerns, shortage of skilled personnel).
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the smart pills market
• Market Development: Comprehensive information about lucrative markets – the report analyses the smart pills market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the smart pills market
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of Medtronic (US), Olympus Corporation (Japan), CapsoVision,Inc. (US), IntroMedic (South Korea), ANX Robotics (US), Shenzhen jifu Medical Technology Co., Ltd. (China), JINSHAN Science & Technology (Group) (China), etectrx (US), Check-Cap (Israel), BodyCap (France) , and Shangxian Minimal Invasive Inc (China) in the smart pills market.
圖表清單 List of Tables & Figures
TABLE 1 SMART PILLS MARKET: INCLUSIONS & EXCLUSIONS 27
TABLE 2 SMART PILLS MARKET: STUDY ASSUMPTIONS 41
TABLE 3 SMART PILLS MARKET: RISK ANALYSIS 41
TABLE 4 SMART PILLS MARKET: IMPACT ANALYSIS 52
TABLE 5 SENSOR AND BATTERY TYPES FOR CAPSULE ENDOSCOPY PRODUCTS 61
TABLE 6 SENSORS USED FOR VITAL SIGN MONITORING PRODUCTS 62
TABLE 7 SMART PILLS MARKET: DRUGS UNDER PIPELINE 64
TABLE 8 SMART PILLS MARKET: PORTER’S FIVE FORCES ANALYSIS 66
TABLE 9 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION (%) 69
TABLE 10 KEY BUYING CRITERIA FOR SMART PILLS, BY APPLICATION 70
TABLE 11 TARIFF DATA FOR HS CODE 901890 72
TABLE 12 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 72
TABLE 13 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 73
TABLE 14 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 73
TABLE 15 US FDA: MEDICAL DEVICE CLASSIFICATION 74
TABLE 16 US: MEDICAL DEVICE REGULATORY APPROVAL PROCESS 74
TABLE 17 EUROPE: LEVEL OF RISK, TIME, COST, AND COMPLEXITY OF
REGISTRATION PROCESS 75
TABLE 18 JAPAN: MEDICAL DEVICES CLASSIFICATION UNDER PMDA 76
TABLE 19 CHINA: CLASSIFICATION UNDER CLASS I/II/III MEDICAL DEVICES 76
TABLE 20 INDIA: LEVEL OF RISK, TIME, COST, AND COMPLEXITY OF REGISTRATION PROCESS 77
TABLE 21 AVERAGE SELLING PRICE OF CAPSULE ENDOSCOPES, BY KEY PLAYER, 2023 (USD) 78
TABLE 22 AVERAGE SELLING PRICE TREND OF CAPSULE ENDOSCOPES, BY REGION, 2020–2023 (USD PER UNIT) 79
TABLE 23 CASE STUDY 1: INCREASED IMAGING CAPABILITIES FOR PATIENTS WITH SMALL BOWEL ABNORMALITIES 79
TABLE 24 CASE STUDY 2: DETECTION OF GASTRIC POLYP & ERYTHEMA THROUGH MAGNETICALLY CONTROLLED CAPSULE ENDOSCOPES 80
TABLE 25 CASE STUDY 3: AI-ASSISTED CAPSULE ENDOSCOPY TO DETECT OBSCURE GASTROINTESTINAL BLEEDING IN HIGH-RISK CARDIAC PATIENTS 80
TABLE 26 SMART PILLS MARKET: LIST OF KEY PATENTS, JANUARY 2020–DECEMBER 2024 83
TABLE 27 SMART PILLS MARKET: LIST OF KEY CONFERENCES & EVENTS,
JANUARY 2025–DECEMBER 2026 84
TABLE 28 SMART PILLS MARKET: UNMET NEEDS 85
TABLE 29 SMART PILLS MARKET: END-USER EXPECTATIONS 86
TABLE 30 TOP 10 IMPORTERS FOR HSN CODE 901890, BY COUNTRY,
2020−2023 (USD THOUSAND) 87
TABLE 31 TOP 10 EXPORTERS FOR HSN CODE 901890, BY COUNTRY,
2020−2023 (USD THOUSAND) 87
TABLE 32 CASE STUDY 1: CAPSOCAM SV-1 VERSUS PILLCAM SB3 TO DETECT OBSCURE GASTROINTESTINAL BLEEDING 90
TABLE 33 CASE STUDY 2: AARDEX GROUP PARTNERED WITH ETECTRX, INC. TO TRACK MEDICATION-TAKING BEHAVIORS 91
TABLE 34 SMART PILLS MARKET, BY TARGET AREA, 2022–2030 (USD MILLION) 97
TABLE 35 SMART PILLS MARKET FOR SMALL INTESTINE, BY REGION,
2022–2030 (USD MILLION) 98
TABLE 36 SMART PILLS MARKET FOR LARGE INTESTINE, BY REGION,
2022–2030 (USD MILLION) 99
TABLE 37 SMART PILLS MARKET FOR ESOPHAGUS, BY REGION, 2022–2030 (USD MILLION) 100
TABLE 38 SMART PILLS MARKET FOR STOMACH, BY REGION, 2022–2030 (USD MILLION) 101
TABLE 39 SMART PILLS MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 103
TABLE 40 KEY CAPSULE ENDOSCOPES OFFERED BY MAJOR MARKET PLAYERS 104
TABLE 41 SMART PILLS MARKET FOR CAPSULE ENDOSCOPY, BY REGION,
2022–2030 (USD MILLION) 104
TABLE 42 KEY PATIENT MONITORING SMART PILLS OFFERED BY MAJOR MARKET PLAYERS 105
TABLE 43 SMART PILLS MARKET FOR PATIENT MONITORING, BY REGION,
2022–2030 (USD MILLION) 106
TABLE 44 KEY TARGETED DRUG DELIVERY SMART PILLS UNDER PIPELINE 107
TABLE 45 SMART PILLS MARKET FOR TARGETED DRUG DELIVERY, BY REGION,
2022–2030 (USD MILLION) 107
TABLE 46 SMART PILLS MARKET, BY DISEASE INDICATION, 2022–2030 (USD MILLION) 109
TABLE 47 SMART PILLS MARKET FOR OCCULT GASTROINTESTINAL BLEEDING, BY REGION, 2022–2030 (USD MILLION) 110
TABLE 48 SMART PILLS MARKET FOR CROHN’S DISEASE, BY REGION,
2022–2030 (USD MILLION) 111
TABLE 49 SMART PILLS MARKET FOR CELIAC DISEASE, BY REGION,
2022–2030 (USD MILLION) 111
TABLE 50 SMART PILLS MARKET FOR SMALL BOWEL TUMORS, BY REGION,
2022–2030 (USD MILLION) 112
TABLE 51 SMART PILLS MARKET FOR OTHER DISEASE INDICATIONS, BY REGION,
2022–2030 (USD MILLION) 113
TABLE 52 SMART PILLS MARKET, BY END USER, 2022–2030 (USD MILLION) 115
TABLE 53 SMART PILLS MARKET FOR HOSPITALS, BY REGION, 2022–2030 (USD MILLION) 116
TABLE 54 SMART PILLS MARKET FOR DIAGNOSTIC CENTERS, BY REGION,
2022–2030 (USD MILLION) 117
TABLE 55 SMART PILLS MARKET FOR OUTPATIENT SETTINGS, BY REGION,
2022–2030 (USD MILLION) 118
TABLE 56 SMART PILLS MARKET FOR OTHER END USERS, BY REGION,
2022–2030 (USD MILLION) 119
TABLE 57 SMART PILLS MARKET, BY REGION, 2022–2030 (USD MILLION) 121
TABLE 58 SMART PILLS MARKET FOR CAPSULE ENDOSCOPY, BY REGION,
2022–2030 (THOUSAND UNITS) 121
TABLE 59 SMART PILLS MARKET FOR PATIENT MONITORING, BY REGION,
2022–2030 (THOUSAND UNITS) 122
TABLE 60 NORTH AMERICA: SMART PILLS MARKET, BY COUNTRY,
2022–2030 (USD MILLION) 124
TABLE 61 NORTH AMERICA: SMART PILLS MARKET, BY TARGET AREA,
2022–2030 (USD MILLION) 124
TABLE 62 NORTH AMERICA: SMART PILLS MARKET, BY APPLICATION,
2022–2030 (USD MILLION) 124
TABLE 63 NORTH AMERICA: SMART PILLS MARKET, BY DISEASE INDICATION,
2022–2030 (USD MILLION) 125
TABLE 64 NORTH AMERICA: SMART PILLS MARKET, BY END USER,
2022–2030 (USD MILLION) 125
TABLE 65 US: KEY MACROINDICATORS 126
TABLE 66 US: SMART PILLS MARKET, BY TARGET AREA, 2022–2030 (USD MILLION) 127
TABLE 67 US: SMART PILLS MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 127
TABLE 68 US: SMART PILLS MARKET, BY DISEASE INDICATION, 2022–2030 (USD MILLION) 127
TABLE 69 US: SMART PILLS MARKET, BY END USER, 2022–2030 (USD MILLION) 128
TABLE 70 CANADA: KEY MACROINDICATORS 128
TABLE 71 CANADA: SMART PILLS MARKET, BY TARGET AREA, 2022–2030 (USD MILLION) 129
TABLE 72 CANADA: SMART PILLS MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 129
TABLE 73 CANADA: SMART PILLS MARKET, BY DISEASE INDICATION,
2022–2030 (USD MILLION) 129
TABLE 74 CANADA: SMART PILLS MARKET, BY END USER, 2022–2030 (USD MILLION) 130
TABLE 75 EUROPE: SMART PILLS MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 131
TABLE 76 EUROPE: SMART PILLS MARKET, BY TARGET AREA, 2022–2030 (USD MILLION) 131
TABLE 77 EUROPE: SMART PILLS MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 131
TABLE 78 EUROPE: SMART PILLS MARKET, BY DISEASE INDICATION,
2022–2030 (USD MILLION) 132
TABLE 79 EUROPE: SMART PILLS MARKET, BY END USER, 2022–2030 (USD MILLION) 132
TABLE 80 GERMANY: KEY MACROINDICATORS 133
TABLE 81 GERMANY: SMART PILLS MARKET, BY TARGET AREA, 2022–2030 (USD MILLION) 133
TABLE 82 GERMANY: SMART PILLS MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 133
TABLE 83 GERMANY: SMART PILLS MARKET, BY DISEASE INDICATION,
2022–2030 (USD MILLION) 134
TABLE 84 GERMANY: SMART PILLS MARKET, BY END USER, 2022–2030 (USD MILLION) 134
TABLE 85 UK: KEY MACROINDICATORS 135
TABLE 86 UK: SMART PILLS MARKET, BY TARGET AREA, 2022–2030 (USD MILLION) 135
TABLE 87 UK: SMART PILLS MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 135
TABLE 88 UK: SMART PILLS MARKET, BY DISEASE INDICATION, 2022–2030 (USD MILLION) 136
TABLE 89 UK: SMART PILLS MARKET, BY END USER, 2022–2030 (USD MILLION) 136
TABLE 90 FRANCE: KEY MACROINDICATORS 137
TABLE 91 FRANCE: SMART PILLS MARKET, BY TARGET AREA, 2022–2030 (USD MILLION) 137
TABLE 92 FRANCE: SMART PILLS MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 137
TABLE 93 FRANCE: SMART PILLS MARKET, BY DISEASE INDICATION,
2022–2030 (USD MILLION) 138
TABLE 94 FRANCE: SMART PILLS MARKET, BY END USER, 2022–2030 (USD MILLION) 138
TABLE 95 ITALY: KEY MACROINDICATORS 139
TABLE 96 ITALY: SMART PILLS MARKET, BY TARGET AREA, 2022–2030 (USD MILLION) 139
TABLE 97 ITALY: SMART PILLS MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 139
TABLE 98 ITALY: SMART PILLS MARKET, BY DISEASE INDICATION,
2022–2030 (USD MILLION) 140
TABLE 99 ITALY: SMART PILLS MARKET, BY END USER, 2022–2030 (USD MILLION) 140
TABLE 100 SPAIN: KEY MACROINDICATORS 141
TABLE 101 SPAIN: SMART PILLS MARKET, BY TARGET AREA, 2022–2030 (USD MILLION) 141
TABLE 102 SPAIN: SMART PILLS MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 141
TABLE 103 SPAIN: SMART PILLS MARKET, BY DISEASE INDICATION,
2022–2030 (USD MILLION) 142
TABLE 104 SPAIN: SMART PILLS MARKET, BY END USER, 2022–2030 (USD MILLION) 142
TABLE 105 REST OF EUROPE: SMART PILLS MARKET, BY TARGET AREA,
2022–2030 (USD MILLION) 143
TABLE 106 REST OF EUROPE: SMART PILLS MARKET, BY APPLICATION,
2022–2030 (USD MILLION) 143
TABLE 107 REST OF EUROPE: SMART PILLS MARKET, BY DISEASE INDICATION,
2022–2030 (USD MILLION) 143
TABLE 108 REST OF EUROPE: SMART PILLS MARKET, BY END USER,
2022–2030 (USD MILLION) 144
TABLE 109 ASIA PACIFIC: SMART PILLS MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 146
TABLE 110 ASIA PACIFIC: SMART PILLS MARKET, BY TARGET AREA,
2022–2030 (USD MILLION) 146
TABLE 111 ASIA PACIFIC: SMART PILLS MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 146
TABLE 112 ASIA PACIFIC: SMART PILLS MARKET, BY DISEASE INDICATION,
2022–2030 (USD MILLION) 147
TABLE 113 ASIA PACIFIC: SMART PILLS MARKET, BY END USER, 2022–2030 (USD MILLION) 147
TABLE 114 JAPAN: KEY MACROINDICATORS 148
TABLE 115 JAPAN: SMART PILLS MARKET, BY TARGET AREA, 2022–2030 (USD MILLION) 148
TABLE 116 JAPAN: SMART PILLS MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 149
TABLE 117 JAPAN: SMART PILLS MARKET, BY DISEASE INDICATION,
2022–2030 (USD MILLION) 149
TABLE 118 JAPAN: SMART PILLS MARKET, BY END USER, 2022–2030 (USD MILLION) 149
TABLE 119 CHINA: KEY MACROINDICATORS 150
TABLE 120 CHINA: SMART PILLS MARKET, BY TARGET AREA, 2022–2030 (USD MILLION) 151
TABLE 121 CHINA: SMART PILLS MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 151
TABLE 122 CHINA: SMART PILLS MARKET, BY DISEASE INDICATION,
2022–2030 (USD MILLION) 151
TABLE 123 CHINA: SMART PILLS MARKET, BY END USER, 2022–2030 (USD MILLION) 152
TABLE 124 INDIA: KEY MACROINDICATORS 153
TABLE 125 INDIA: SMART PILLS MARKET, BY TARGET AREA, 2022–2030 (USD MILLION) 153
TABLE 126 INDIA: SMART PILLS MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 153
TABLE 127 INDIA: SMART PILLS MARKET, BY DISEASE INDICATION,
2022–2030 (USD MILLION) 154
TABLE 128 INDIA: SMART PILLS MARKET, BY END USER, 2022–2030 (USD MILLION) 154
TABLE 129 REST OF ASIA PACIFIC: SMART PILLS MARKET, BY TARGET AREA,
2022–2030 (USD MILLION) 155
TABLE 130 REST OF ASIA PACIFIC: SMART PILLS MARKET, BY APPLICATION,
2022–2030 (USD MILLION) 155
TABLE 131 REST OF ASIA PACIFIC: SMART PILLS MARKET, BY DISEASE INDICATION,
2022–2030 (USD MILLION) 156
TABLE 132 REST OF ASIA PACIFIC: SMART PILLS MARKET, BY END USER,
2022–2030 (USD MILLION) 156
TABLE 133 LATIN AMERICA: SMART PILLS MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 157
TABLE 134 LATIN AMERICA: SMART PILLS MARKET, BY TARGET AREA,
2022–2030 (USD MILLION) 157
TABLE 135 LATIN AMERICA: SMART PILLS MARKET, BY APPLICATION,
2022–2030 (USD MILLION) 158
TABLE 136 LATIN AMERICA: SMART PILLS MARKET, BY DISEASE INDICATION,
2022–2030 (USD MILLION) 158
TABLE 137 LATIN AMERICA: SMART PILLS MARKET, BY END USER,
2022–2030 (USD MILLION) 158
TABLE 138 BRAZIL: KEY MACROINDICATORS 159
TABLE 139 BRAZIL: SMART PILLS MARKET, BY TARGET AREA, 2022–2030 (USD MILLION) 159
TABLE 140 BRAZIL: SMART PILLS MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 160
TABLE 141 BRAZIL: SMART PILLS MARKET, BY DISEASE INDICATION,
2022–2030 (USD MILLION) 160
TABLE 142 BRAZIL: SMART PILLS MARKET, BY END USER, 2022–2030 (USD MILLION) 160
TABLE 143 MEXICO: KEY MACROINDICATORS 161
TABLE 144 MEXICO: SMART PILLS MARKET, BY TARGET AREA, 2022–2030 (USD MILLION) 161
TABLE 145 MEXICO: SMART PILLS MARKET, BY APPLICATION, 2022–2030 (USD MILLION) 162
TABLE 146 MEXICO: SMART PILLS MARKET, BY DISEASE INDICATION,
2022–2030 (USD MILLION) 162
TABLE 147 MEXICO: SMART PILLS MARKET, BY END USER, 2022–2030 (USD MILLION) 162
TABLE 148 REST OF LATIN AMERICA: SMART PILLS MARKET, BY TARGET AREA,
2022–2030 (USD MILLION) 163
TABLE 149 REST OF LATIN AMERICA: SMART PILLS MARKET, BY APPLICATION,
2022–2030 (USD MILLION) 163
TABLE 150 REST OF LATIN AMERICA: SMART PILLS MARKET, BY DISEASE INDICATION,
2022–2030 (USD MILLION) 164
TABLE 151 REST OF LATIN AMERICA: SMART PILLS MARKET, BY END USER,
2022–2030 (USD MILLION) 164
TABLE 152 MIDDLE EAST & AFRICA: SMART PILLS MARKET, BY REGION,
2022–2030 (USD MILLION) 165
TABLE 153 MIDDLE EAST & AFRICA: SMART PILLS MARKET, BY TARGET AREA,
2022–2030 (USD MILLION) 165
TABLE 154 MIDDLE EAST & AFRICA: SMART PILLS MARKET, BY APPLICATION,
2022–2030 (USD MILLION) 166
TABLE 155 MIDDLE EAST & AFRICA: SMART PILLS MARKET, BY DISEASE INDICATION,
2022–2030 (USD MILLION) 166
TABLE 156 MIDDLE EAST & AFRICA: SMART PILLS MARKET, BY END USER,
2022–2030 (USD MILLION) 166
TABLE 157 GCC COUNTRIES: SMART PILLS MARKET, BY TARGET AREA,
2022–2030 (USD MILLION) 167
TABLE 158 GCC COUNTRIES: SMART PILLS MARKET, BY APPLICATION,
2022–2030 (USD MILLION) 167
TABLE 159 GCC COUNTRIES: SMART PILLS MARKET, BY DISEASE INDICATION,
2022–2030 (USD MILLION) 168
TABLE 160 GCC COUNTRIES: SMART PILLS MARKET, BY END USER,
2022–2030 (USD MILLION) 168
TABLE 161 REST OF MIDDLE EAST & AFRICA: SMART PILLS MARKET, BY TARGET AREA,
2022–2030 (USD MILLION) 169
TABLE 162 REST OF MIDDLE EAST & AFRICA: SMART PILLS MARKET, BY APPLICATION,
2022–2030 (USD MILLION) 169
TABLE 163 REST OF MIDDLE EAST & AFRICA: SMART PILLS MARKET, BY DISEASE INDICATION, 2022–2030 (USD MILLION) 169
TABLE 164 REST OF MIDDLE EAST & AFRICA: SMART PILLS MARKET, BY END USER,
2022–2030 (USD MILLION) 170
TABLE 165 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN SMART PILLS MARKET, JANUARY 2021–JANUARY 2025 171
TABLE 166 SMART PILLS MARKET: DEGREE OF COMPETITION 175
TABLE 167 SMART PILLS MARKET: REGION FOOTPRINT 179
TABLE 168 SMART PILLS MARKET: APPLICATION FOOTPRINT 180
TABLE 169 SMART PILLS MARKET: TARGET AREA FOOTPRINT 181
TABLE 170 SMART PILLS MARKET: DISEASE INDICATION FOOTPRINT 181
TABLE 171 SMART PILLS MARKET: END-USER FOOTPRINT 182
TABLE 172 SMART PILLS MARKET: REGION FOOTPRINT 183
TABLE 173 SMART PILLS MARKET: DETAILED LIST OF KEY STARTUPS/SME PLAYERS 185
TABLE 174 SMART PILLS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SME PLAYERS 186
TABLE 175 SMART PILLS MARKET: PRODUCT LAUNCHES, APPROVALS, AND ENHANCEMENTS, JANUARY 2021–JANUARY 2025 189
TABLE 176 SMART PILLS MARKET: DEALS, JANUARY 2021–JANUARY 2025 190
TABLE 177 SMART PILLS MARKET: OTHER DEVELOPMENTS, JANUARY 2021–JANUARY 2025 191
TABLE 178 MEDTRONIC: COMPANY OVERVIEW 192
TABLE 179 MEDTRONIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED 193
TABLE 180 MEDTRONIC: PRODUCT APPROVALS & ENHANCEMENTS,
JANUARY 2021–JANUARY 2025 194
TABLE 181 MEDTRONIC: DEALS, JANUARY 2021–JANUARY 2025 194
TABLE 182 OLYMPUS CORPORATION: COMPANY OVERVIEW 196
TABLE 183 OLYMPUS CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED 197
TABLE 184 OLYMPUS CORPORATION: OTHER DEVELOPMENTS,
JANUARY 2021–JANUARY 2025 198
TABLE 185 CAPSOVISION, INC.: COMPANY OVERVIEW 199
TABLE 186 CAPSOVISION, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 199
TABLE 187 CAPSOVISION, INC.: PRODUCT APPROVALS & ENHANCEMENTS, JANUARY 2021–JANUARY 2025 200
TABLE 188 INTROMEDIC: COMPANY OVERVIEW 202
TABLE 189 INTROMEDIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED 202
TABLE 190 JINSHAN SCIENCE & TECHNOLOGY: COMPANY OVERVIEW 204
TABLE 191 JINSHAN SCIENCE & TECHNOLOGY: PRODUCTS/SERVICES/SOLUTIONS OFFERED 204
TABLE 192 ANX ROBOTICS: COMPANY OVERVIEW 206
TABLE 193 ANX ROBOTICS: PRODUCTS/SERVICES/SOLUTIONS OFFERED 206
TABLE 194 ANX ROBOTICS: PRODUCT LAUNCHES, APPROVALS, AND ENHANCEMENTS, JANUARY 2021–JANUARY 2025 207
TABLE 195 SHENZHEN JIFU MEDICAL TECHNOLOGY CO., LTD.: COMPANY OVERVIEW 208
TABLE 196 SHENZHEN JIFU MEDICAL TECHNOLOGY CO., LTD.: PRODUCTS/SERVICES/ SOLUTIONS OFFERED 208
TABLE 197 ETECTRX: COMPANY OVERVIEW 209
TABLE 198 ETECTRX: PRODUCTS/SERVICES/SOLUTIONS OFFERED 209
TABLE 199 ETECTRX: PRODUCT ENHANCEMENTS, JANUARY 2021–JANUARY 2025 210
TABLE 200 ETECTRX: DEALS, JANUARY 2021–JANUARY 2025 210
TABLE 201 BODYCAP: COMPANY OVERVIEW 211
TABLE 202 BODYCAP: PRODUCTS/SERVICES/SOLUTIONS OFFERED 211
TABLE 203 BODYCAP: PRODUCT LAUNCHES, JANUARY 2021–JANUARY 2025 212
TABLE 204 BODYCAP: DEALS, JANUARY 2021–JANUARY 2025 212
TABLE 205 CHECK-CAP: COMPANY OVERVIEW 213
TABLE 206 CHECK-CAP: PRODUCTS/SERVICES/SOLUTIONS OFFERED 213
TABLE 207 CHECK-CAP: PRODUCT APPROVALS, JANUARY 2021–JANUARY 2025 214
TABLE 208 CHECK-CAP: EXPANSIONS, JANUARY 2021–JANUARY 2025 214
TABLE 209 SHANGXIAN MINIMAL INVASIVE INC.: COMPANY OVERVIEW 215
TABLE 210 SHANGXIAN MINIMAL INVASIVE INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 215
TABLE 211 VELOCE CORPORATION: COMPANY OVERVIEW 216
TABLE 212 BIOCAM: COMPANY OVERVIEW 216
TABLE 213 ENDIATX: COMPANY OVERVIEW 217
TABLE 214 RF CO., LTD.: COMPANY OVERVIEW 217
TABLE 215 CELERO SYSTEMS: COMPANY OVERVIEW 218
TABLE 216 BIORA THERAPEUTICS, INC.: COMPANY OVERVIEW 218
TABLE 217 INNURVATION: COMPANY OVERVIEW 219
TABLE 218 RANI THERAPEUTICS: COMPANY OVERVIEW 220
TABLE 219 MOTILIS MEDICA SA: COMPANY OVERVIEW 221
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FIGURE 1 SMART PILLS MARKET SEGMENTATION & GEOGRAPHICAL SPREAD 26
FIGURE 2 SMART PILLS MARKET: YEARS CONSIDERED 28
FIGURE 3 SMART PILLS MARKET: RESEARCH DESIGN 30
FIGURE 4 SMART PILLS MARKET: KEY DATA FROM SECONDARY SOURCES 31
FIGURE 5 SMART PILLS MARKET: KEY PRIMARY SOURCES 32
FIGURE 6 SMART PILLS MARKET: KEY DATA FROM PRIMARY SOURCES 33
FIGURE 7 SMART PILLS MARKET: INSIGHTS FROM KEY PRIMARIES 33
FIGURE 8 BREAKDOWN OF PRIMARY EXPERTS: BY COMPANY TYPE,
DESIGNATION, AND REGION 34
FIGURE 9 MARKET SIZE ESTIMATION: SUPPLY-SIDE ANALYSIS 35
FIGURE 10 SMART PILLS MARKET: BOTTOM-UP APPROACH (DEMAND-SIDE ANALYSIS) 36
FIGURE 11 SMART PILLS MARKET: TOP-DOWN APPROACH 36
FIGURE 12 SMART PILLS MARKET: CAGR PROJECTIONS FROM ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES (2024–2030) 38
FIGURE 13 SMART PILLS MARKET: CAGR PROJECTIONS (SUPPLY SIDE) 38
FIGURE 14 SMART PILLS MARKET: DATA TRIANGULATION 40
FIGURE 15 SMART PILLS MARKET, BY APPLICATION, 2024 VS. 2030 (USD MILLION) 43
FIGURE 16 SMART PILLS MARKET, BY TARGET AREA, 2024 VS. 2030 (USD MILLION) 44
FIGURE 17 SMART PILLS MARKET, BY DISEASE INDICATION, 2024 VS. 2030 (USD MILLION) 44
FIGURE 18 SMART PILLS MARKET, BY END USER, 2024 VS. 2030 (USD MILLION) 45
FIGURE 19 REGIONAL SNAPSHOT OF SMART PILLS MARKET 45
FIGURE 20 INCREASING ADOPTION OF CAPSULE ENDOSCOPY IN EMERGING
ECONOMIES TO FUEL UPTAKE OF SMART PILLS 47
FIGURE 21 US AND CAPSULE ENDOSCOPY SEGMENTS DOMINATED NORTH AMERICAN SMART PILLS MARKET IN 2023 48
FIGURE 22 CHINA TO REGISTER HIGHEST GROWTH RATE FROM 2024 TO 2030 49
FIGURE 23 ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 49
FIGURE 24 EMERGING MARKETS TO REGISTER HIGHEST
GROWTH RATE DURING STUDY PERIOD 50
FIGURE 25 SMART PILLS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 51
FIGURE 26 HEALTHCARE SECURITY BREACHES OF 500 + RECORDS, 2009–2024 57
FIGURE 27 SMART PILLS MARKET: TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 63
FIGURE 28 SMART PILLS MARKET: PORTER’S FIVE FORCES ANALYSIS 67
FIGURE 29 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION 69
FIGURE 30 KEY BUYING CRITERIA FOR SMART PILLS, BY APPLICATION 69
FIGURE 31 SMART PILLS MARKET: ECOSYSTEM ANALYSIS 70
FIGURE 32 SMART PILLS MARKET: VALUE CHAIN ANALYSIS 71
FIGURE 33 AVERAGE SELLING PRICE OF SMART PILLS, BY KEY PLAYER (2023) 78
FIGURE 34 SMART PILLS MARKET: GLOBAL PATENT PUBLICATION TRENDS (2015–2024) 81
FIGURE 35 TOP APPLICANTS (COMPANIES/INSTITUTIONS) FOR SMART PILL PATENTS (JANUARY 2014–DECEMBER 2024) 82
FIGURE 36 TOP APPLICANTS FOR SMART PILL PATENTS (COUNTRY/REGION)
(JANUARY 2014–DECEMBER 2024) 83
FIGURE 37 SMART PILLS MARKET: FUNDING AND NUMBER OF DEALS (2020–2024) 88
FIGURE 38 MARKET POTENTIAL OF AI/GEN AI ON SMART PILLS ACROSS INDUSTRIES 89
FIGURE 39 IMPACT OF AI/GEN AI ON INTERCONNECTED AND ADJACENT ECOSYSTEMS 92
FIGURE 40 NORTH AMERICA: SMART PILLS MARKET SNAPSHOT 123
FIGURE 41 ASIA PACIFIC: SMART PILLS MARKET SNAPSHOT 145
FIGURE 42 REVENUE ANALYSIS OF KEY PLAYERS IN SMART PILLS MARKET,
2019–2023 (USD MILLION) 174
FIGURE 43 MARKET SHARE ANALYSIS OF KEY PLAYERS IN SMART PILLS MARKET (2023) 175
FIGURE 44 SMART PILLS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 177
FIGURE 45 SMART PILLS MARKET: COMPANY FOOTPRINT 178
FIGURE 46 SMART PILLS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 184
FIGURE 47 EV/EBITDA OF KEY VENDORS 187
FIGURE 48 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA
OF KEY VENDORS 187
FIGURE 49 SMART PILLS MARKET: BRAND/PRODUCT COMPARATIVE ANALYSIS 188
FIGURE 50 MEDTRONIC: COMPANY SNAPSHOT 193
FIGURE 51 OLYMPUS CORPORATION: COMPANY SNAPSHOT 197