The global ingestible smart pills market is anticipated to grow at a CAGR of 6.2% during the forecast period. The increasing cases of gastroparesis in the developed nations, including the US and UK are giving strength to the market growth. However, the high requirement of R&D investment for the designing of miniaturized microelectronics is restraining the growth of the market. Additionally, stringent government regulations are another hurdle in the development of the market.
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Ingestible smart pills are used for capsule endoscopy, patient monitoring, and controlled drug delivery application in the medical sector. Ingestible smart pills can help in tracking the pH and temperature of a patient’s gastrointestinal tract and also provide images of the targeted organs. These are also known as intelligent pills. The rising cases of chronic diseases and medical adherence are driving the growth of the global ingestible smart pills market. For instance, according to the Royal Melbourne Institute of Technology, one out of every five people suffers from a gastrointestinal disorder globally in their lifetime and 30% of them remain undiagnosed. The accuracy requirement in invasive diagnosis tests is creating huge opportunities for innovation in ingestible smart pills. This report will further analyze all the primary as well as secondary factors that are directly or indirectly impacting the growth of the market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Ingestible Smart Pills Market by Component
- Smart Pills
- Patient Monitoring
- Capsule Endoscopy
- Small Bowel Endoscopy
- Esophagus Endoscopy
- Colon Endoscopy
- Workstation
Global Ingestible Smart Pills Market by Application
- Imaging
- Monitoring
Global Ingestible Smart Pills Market by End-User
- Hospitals
- Clinics
- Research Institutes
- Homecare
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- BodyCap Medical
- Boston Scientific Corp.
- CapsoVision, Inc.
- Check-Cap Ltd.
- Chongqing Jinshan Science and Component (Group) Co., Ltd.
- etectRx, Inc.
- Given Imaging Ltd.
- HQ Inc.
- Medimetrics, IntroMedic Co., Ltd.
- Medtronic plc
- Olympus Corp.
- Pentax Medical Co. (HOYA Corp.)
- Philips Healthcare
- Proteus Digital Health, Inc.
- Smart Pill Inc.
- Stryker Corp?
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global ingestible smart pills market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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