Smart Pills Market Overview
Jerome Schentag has invented Smart pills which is the capsule that helps in controlling rate and amount of medicine received by patient after swallowed. Smart pills are ingestible sensors which are swallowed and can able to record different physiological measures. Smart pills are also used for confirmation that patient has taken his or her prescribed medication and also helps in measuring effects of medication. Smart pills are prescribed medications which are equipped with edible electronic sensors that able to send wireless messages outside the body to devices like tablets, smartphones or patches after ingestion. Smart pills are sensors made up of copper, silicone and magnesium. The sensor in smart pill able to send a special electrical signal to the device that is connected to the pill and then signal is sent to external receiver when pill is successfully mixed with person’s stomach fluid. This smart pill technology is also used in delivering drugs to certain areas of the body and carry tiny cameras for providing images of colon. Smart pills includes amphetamine and methylphenidate used in treating attention deficit hyperactivity disorder or ADHD. Smart pills are also used in diagnosis and treatment of gastrointestinal disease. Smart pills has revolutionized diagnosis of gastrointestinal disorders by replacing technique like endoscopy. Smart pills dispenser are automatic medication dispenser that helps in scheduling, organizing, and delivering patient medication with the touch of button. Smart pills dispenser uses Microchip AVR-IoT board with WiFi capabilities for communicating with AWS system. Smart pills box is web-based and mobile application that helps patients for taking their medications. Pill organizer benefits an individual who takes supplements and several medications. Rising chronic diseases and demand for minimally invasive surgeries has given positive impact on target market growth.
Smart Pills Market Dynamics
Rise in prevalence of chronic diseases and rate of urbanization
Rise in prevalence of chronic diseases and rate of urbanization is one of the leading factors for the Smart Pills Market growth. Urbanization has given rise in consumption of western food, processed food, frozen packed foods, which are unhealthy and affected the gut microbiota in human being. Urbanization has given rise in disposable income which allows the individual to enhance their lifestyle, consuming high amount of red meat and animal derived food, fats & oils, sugar, sodium, which has affected the digestive health. Urbanization has caused change in diet. Eating processed and unhealthy food, lack of exercise affect the health causing chronic disease like heart disease, diabetes, obesity, high blood pressure, gastrointestinal diseases, etc. Consumption of unhealthy and processed food cause the indigestion, constipation, acidity, bloating of stomach, belching, flatulence, vomiting, feeling uncomfortable, feeling heavy, etc. which has led in rising gastrointestinal diseases. In 2022, according to National Institute of Diabetes and Digestive and Kidney Diseases between 60 million to 70 million Americans are suffering from gastrointestinal disorders which has led to 250,000 deaths each year. Smart Pills helps in diagnosing and treating gastrointestinal disease by providing painless, and easy procedure for collecting gastrointestinal data without using any radiation. Smart Pills helps in measuring movement and motility of gut. For instance, in august 2021, Smart Pills has become powerful clinical tool and potential in diagnosis and treatment of gastrointestinal diseases. Smart Pills technology has provided simple, painless procedure in collecting gastrointestinal tract data without using radiation. According to data published by United Nations in 2018, about 55% of the world’s population resided in urban areas, and it is projected that this percentage will increase over the forecast period. However, the growth in chronic disease, and population in urban areas boosts the demand for Smart Pills Market.
Rise in demand for minimally invasive surgery
Rise in demand for minimally invasive procedure has become the major factor in target market growth. Expansion of minimally invasive surgery has been increasing rapidly. Instead of open surgery minimally invasive surgery are simple and painless. Instead of opening body and cutting through larger areas of tissues to operate, minimally invasive surgery has allowed surgeon to just make a small surgical incisions for gaining access to body and organs which able to operate faster with less injury to patient. Smart pill capsule motility procedure is less invasive procedure and performed under 30 minutes. Rising demand for minimally invasive surgical procedures has provide innovative techniques like capsule endoscopy. Capsule endoscopy has played a vital role in early diagnosis and treatment of chronic diseases. Moreover, rising demand for minimally invasive surgeries which includes smart pills due to its painless and simple procedure has propelled the growth of the Smart Pills Market.
Restrains:
Some disadvantages like it has impact on patients privacy who are suffering from schizophrenia, may decrease physician and patient interaction which is important in face to face physical examination for fully diagnosing and treating patients, more sophisticated technology is required because smart pills requires specific monitoring. However, expensive cost and some disadvantages may somewhat restrain the Smart Pills Market growth.
Smart Pills Market Segmentation
Smart Pills Market is segmented based on target area, application, end-users and region.
Target Area Insight
On the basis of Target Area Smart Pills Market is segmented into Small Intestine, Large intestine, Stomach, and Esophagus.
Application Insights
On the basis of Application Smart Pills Market is segmented into Drug Delivery, Capsule Endoscopy and others. Capsule endoscopy has dominated the target market due to rising chronic disease like gastrointestinal diseases.
End-Users
On the basis of End-Users Smart Pills Market is segmented into Hospitals, Diagnostic Centers, Specialty Clinics and Research Institutes.
Regional Insights:
On region the Smart Pills Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as Europe and Asia Pacific, and technological advancements. Moreover, rising prevalence of chronic diseases, increase in colorectal cancer, technological advancement in healthcare development is anticipated to increase demand for Smart Pills in the region.
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2022 |
|
Forecast period |
2022 – 2032 |
|
Market representation |
Revenue in USD million & CAGR from 2022 to 2032 |
|
Market Segmentation |
By Target Area - Small Intestine, Large Intestine, Stomach, and Esophagus By Application - Drug Delivery, Capsule Endoscopy and others By End-Users - Hospitals, Diagnostic Centers, Specialty Clinics and Research Institutes
|
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Smart Pills Market report based on ingredient, product, application, distribution channel and region:
Smart Pills Market, By Target Area:
- Small Intestine
- Large Intestine
- Stomach
- Esophagus
Smart Pills Market, By Application:
- Drug Delivery
- Capsule Endoscopy
- Others
Smart Pills Market, By End-Users:
- Hospitals
- Diagnostic Centers
- Specialty Clinics
- Research Institutes
Smart Pills Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Smart Pills Market Key Players
The key players operating the Smart Pills Market includes,
Medtronic
It is a global leader in medical technology, devices and therapies. It offers cardiac devices, smart pills, etc.
Olympus Corporation
It is the leading manufacturer of optical and digital precision technology and also provides innovative medical systems.
MEDISAFE
It is the world leader in Hi-Tech surgical reprocessing solutions. It provides safe, cost effective and reliable timely products and services.
HealthBeacon Plc.
It is the leading digital therapeutics company for injectable medications.
Otsuka Pharmaceutical Co. Ltd.
It offers products in oncology, neuroscience and digital innovation.
Boston Scientific Corporation
It offers products like coronary stents, pacemakers, implanted devices, cardiac resynchronization therapy devices and others.
CapsoVision Inc.
It is the innovator of global medical device specialized in field of capsule endoscopy, healthcare and other medical device.
Check Cap
It is the clinical stage medical diagnostic company which is developing first C-Scan capsule based system for colorectal cancer screening.
JINSHAN Science and Technology
It offers capsule endoscopy platform, reflux monitoring system, etc.
Novartis AG
It is the manufacturer of consumer healthcare products, pharmaceutical products with innovative science and technology.
Bio-Images Drug Delivery (BDD) Limited
It is the manufacturer and developer of biopharmaceutical products and oral drug formulations. It is specialized in versatile technology and gamma scintigraphy.
Recent Development:
- In September, 2022, HealthBeacon Plc., has launched new ‘HB Smart Pills’ management system which is an elegant device designed to be fit in patients home which will helps in managing nine oral medications. This newly launched smart pill solution will allow in notifying patient about requirement in prescription refilling and also able to record visual images of pill containers to medication adherence.
Smart Pills Market Company Profile
- HealthBeacon Plc. *
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Medtronic
- Olympus Corporation
- MEDISAFE
- Otsuka Pharmaceutical Co. Ltd.
- Boston Scientific Corporation
- CapsoVision Inc.
- Check Cap
- JINSHAN Science and Technology
- Novartis AG
- Bio-Images Drug Delivery (BDD) Limited
“*” marked represents similar segmentation in other categories in the respective section
Smart Pills Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Target Area
- Market Snippet, By Application
- Market Snippet, By End-Users
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market segmentation, By Target Area
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Small Intestine
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Large intestine
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Stomach
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Esophagus
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Market segmentation, By Application, 2022 – 2032, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Drug Delivery
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Capsule Endoscopy
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Market segmentation, By End-Users, 2022 – 2032, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Hospitals
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Diagnostic Centers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Specialty Clinics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Research Institutes
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Global Market, By Region, 2022 – 2032, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Target Area, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Mn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Target Area, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Mn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Country, 2022 – 2032
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Target Area, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Mn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Country, 2022 – 2032
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Target Area, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Mn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Country, 2022 – 2032
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Target Area, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Mn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Mn), By Country, 2022 – 2032
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Medtronic
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Olympus Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- MEDISAFE
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- HealthBeacon Plc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Otsuka Pharmaceutical Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Boston Scientific Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- CapsoVision Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Check Cap
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- JINSHAN Science and Technology
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Novartis AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Bio-Images Drug Delivery (BDD) Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Smart Pills Market is segmented into target area, application, end-users, and region.
Smart Pills Market is driven by factors like rise in prevalence of chronic diseases, rate of urbanization, and rise in demand for minimally invasive surgery.
By region, the Smart Pills market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as Europe and Asia Pacific, and technological advancements.
The key players operating the Smart Pills Market includes, Medtronic, Olympus Corporation, MEDISAFE, HealthBeacon Plc., Otsuka Pharmaceutical Co. Ltd., Boston Scientific Corporation, CapsoVision Inc., Check Cap, JINSHAN Science and Technology, Novartis AG, Bio-Images Drug Delivery (BDD) Limited, and others.