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Smart Pills Market - Global Industry Analysis

Smart Pills Market by Component (Smart Pills and Workstations), by Application (Imaging and Monitoring), and by End-User (Hospitals, Clinics, Research Institutes, and Home Healthcare): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Published Date: 07-Jun-2019 Category: Pharmaceutical Report Format : PDF Pages: 110 Report Code: ZMR-1193 Status : Published

Global smart pills market expected to generate around USD 1,503 million by 2025, at a CAGR of around 8.3% between 2019 and 2025. Smart pills are revolutionary technological innovations that have reduced the gap between digital technology and healthcare.

Description

The report covers a forecast and an analysis of the smart pills market on a global and regional level. The study provides historical data from 2015 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million). The study includes the drivers and restraints of the smart pills market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the smart pills market on a global level.

In order to give the users of this report a comprehensive view of the smart pills market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Smart Pills Market

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new component launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.

The study provides a decisive view of the smart pills market by segmenting it based on component, application, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further classification into major countries.

Some leading players in the global smart pills market include Proteus Digital Health, Check-Cap, Body-Cap Medical, CapsoVision, Medimetrics, Given Imaging, Chongqing Jinshan Science and Technology, IntroMedic, Olympus Corporation, and Philips Respironics.

This report segments the global smart pills market into:

Global Smart Pills Market: By Component

  • Smart Pills
    • Patient Monitoring
    • Capsule Endoscopy
      • Small Bowel Endoscopy
      • Esophagus Endoscopy
      • Colon Endoscopy
  • Workstation

Global Smart Pills Market: By Application

  • Imaging
  • Monitoring

Global Smart Pills Market: By End-User

  • Hospitals
  • Clinics
  • Research Institutes
  • Home Healthcare

Global Smart Pills Market: By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global smart pills market, 2015-2025 (USD Million)
    • 2.2. Global smart pills market: Snapshot
  •  
  • Chapter 3. Smart Pills Market - Industry Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Global smart pills market drivers: impact analysis
      • 3.2.2. Increasing prevalence of gastrointestinal disorders
      • 3.2.3. Availability of accurate data on smart pills
      • 3.2.4. Component advancements in endoscopy
      • 3.2.5. Less complex and painful diagnostic examinations
    • 3.3. Market Restraints
      • 3.3.1. Global smart pills market restraints: impact analysis
      • 3.3.2. Adaptability
      • 3.3.3. Low patient confidence
      • 3.3.4. Limited technical know-how
      • 3.3.5. Time-consuming approval of smart pills
    • 3.4. Opportunities
      • 3.4.1. Increasing number of clinical trials globally
    • 3.5. Porter's Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis, by component segment
      • 3.6.2. Market attractiveness analysis, by application segment
      • 3.6.3. Market attractiveness analysis, by end-user segment
      • 3.6.4. Market attractiveness analysis, by regional segment
  •  
  • Chapter 4. Global Smart Pills Market - Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global smart pills market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New therapy launch
      • 4.2.3. Agreements, partnerships, collaborations, and joint ventures
      • 4.2.4. Research and development and regional expansion
    • 4.3. Price trend analysis
  •  
  • Chapter 5. Global Smart Pills Market - Component Analysis
    • 5.1. Global smart pills market: component overview
      • 5.1.1. Global smart pills market revenue share, by component, 2018 and 2025
    • 5.2. Smart Pills
      • 5.2.1. Global smart pills market, 2015-2025 (USD Million)
        • 5.2.1.1. Patient Monitoring
        • 5.2.1.2. Capsule Endoscopy
    • 5.3. Workstation
      • 5.3.1. Global workstation market, 2015-2025 (USD Million)
  •  
  • Chapter 6. Global Smart Pills Market- Application Analysis
    • 6.1. Global smart pills market: application overview
      • 6.1.1. Global smart pills market revenue share, by application, 2018 and 2025
    • 6.2. Imaging
      • 6.2.1. Global smart pills market for imaging, 2015-2025 (USD Million)
    • 6.3. Patient Monitoring
      • 6.3.1. Global smart pills market for patient monitoring, 2015-2025 (USD Million)
  •  
  • Chapter 7. Global Smart Pills Market - End-User Analysis
    • 7.1. Global smart pills market: end-user overview
      • 7.1.1. Global smart pills market revenue share, by end-user, 2018 and 2025
    • 7.2. Hospitals
      • 7.2.1. Global smart pills market for hospitals, 2015-2025 (USD Million)
    • 7.3. Clinics
      • 7.3.1. Global smart pills market for clinics, 2015-2025 (USD Million)
    • 7.4. Research Institutes
      • 7.4.1. Global smart pills market for research institutes, 2015-2025 (USD Million)
    • 7.5. Home Healthcare
      • 7.5.1. Global smart pills market for home healthcare, 2015-2025 (USD Million)
  •  
  • Chapter 8. Global Smart Pills Market- Regional Analysis
    • 8.1. Global smart pills market: regional overview
      • 8.1.1. Global smart pills market revenue share, by region, 2018 and 2025
    • 8.2. North America
      • 8.2.1. North America smart pills market revenue, by component, 2015-2025 (USD Million)
      • 8.2.2. North America smart pills market revenue, by application, 2015-2025 (USD Million)
      • 8.2.3. North America smart pills market revenue, by end-user, 2015-2025 (USD Million)
      • 8.2.4. The U.S.
        • 8.2.4.1. The U.S. smart pills market revenue, by component, 2015-2025 (USD Million)
        • 8.2.4.2. The U.S. smart pills market revenue, by application, 2015-2025 (USD Million)
        • 8.2.4.3. The U.S. smart pills market revenue, by end-user, 2015-2025 (USD Million)
      • 8.2.5. Canada
        • 8.2.5.1. Canada smart pills market revenue, by component, 2015-2025 (USD Million)
        • 8.2.5.2. Canada smart pills market revenue, by application, 2015-2025 (USD Million)
        • 8.2.5.3. Canada smart pills market revenue, by end-user, 2015-2025 (USD Million)
    • 8.3. Europe
      • 8.3.1. Europe smart pills market revenue, by component, 2015-2025 (USD Million)
      • 8.3.2. Europe smart pills market revenue, by application, 2015-2025 (USD Million)
      • 8.3.3. Europe smart pills market revenue, by end-user, 2015-2025 (USD Million)
      • 8.3.4. UK
        • 8.3.4.1. UK smart pills market revenue, by component, 2015-2025 (USD Million)
        • 8.3.4.2. UK smart pills market revenue, by application, 2015-2025 (USD Million)
        • 8.3.4.3. UK smart pills market revenue, by end-user, 2015-2025 (USD Million)
      • 8.3.5. Germany
        • 8.3.5.1. Germany smart pills market revenue, by component, 2015-2025 (USD Million)
        • 8.3.5.2. Germany smart pills market revenue, by application, 2015-2025 (USD Million)
        • 8.3.5.3. Germany smart pills market revenue, by end-user, 2015-2025 (USD Million)
      • 8.3.6. France
        • 8.3.6.1. France smart pills market revenue, by component, 2015-2025 (USD Million)
        • 8.3.6.2. France smart pills market revenue, by application, 2015-2025 (USD Million)
        • 8.3.6.3. France smart pills market revenue, by end-user, 2015-2025 (USD Million)
      • 8.3.7. Rest of Europe
        • 8.3.7.1. Rest of Europe smart pills market revenue, by component, 2015-2025 (USD Million)
        • 8.3.7.2. Rest of Europe smart pills market revenue, by application, 2015-2025 (USD Million)
        • 8.3.7.3. Rest of Europe smart pills market revenue, by end-user, 2015-2025 (USD Million)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific smart pills market revenue, by component, 2015-2025 (USD Million)
      • 8.4.2. Asia Pacific smart pills market revenue, by application, 2015-2025 (USD Million)
      • 8.4.3. Asia Pacific smart pills market revenue, by end-user, 2015-2025 (USD Million)
      • 8.4.4. China
        • 8.4.4.1. China smart pills market revenue, by component, 2015-2025 (USD Million)
        • 8.4.4.2. China smart pills market revenue, by application, 2015-2025 (USD Million)
        • 8.4.4.3. China smart pills market revenue, by end-user, 2015-2025 (USD Million)
      • 8.4.5. Japan
        • 8.4.5.1. Japan smart pills market revenue, by component, 2015-2025 (USD Million)
        • 8.4.5.2. Japan smart pills market revenue, by application, 2015-2025 (USD Million)
        • 8.4.5.3. Japan smart pills market revenue, by end-user, 2015-2025 (USD Million)
      • 8.4.6. India
        • 8.4.6.1. India smart pills market revenue, by component, 2015-2025 (USD Million)
        • 8.4.6.2. India smart pills market revenue, by application, 2015-2025 (USD Million)
        • 8.4.6.3. India smart pills market revenue, by end-user, 2015-2025 (USD Million)
      • 8.4.7. Rest of Asia Pacific
        • 8.4.7.1. Rest of Asia Pacific smart pills market revenue, by component, 2015-2025 (USD Million)
        • 8.4.7.2. Rest of Asia Pacific smart pills market revenue, by application, 2015-2025 (USD Million)
        • 8.4.7.3. Rest of Asia Pacific smart pills market revenue, by end-user, 2015-2025 (USD Million)
    • 8.5. Latin America
      • 8.5.1. Latin America smart pills market revenue, by component, 2015-2025 (USD Million)
      • 8.5.2. Latin America smart pills market revenue, by application, 2015-2025 (USD Million)
      • 8.5.3. Latin America smart pills market revenue, by end-user, 2015-2025 (USD Million)
      • 8.5.4. Brazil
        • 8.5.4.1. Brazil smart pills market revenue, by component, 2015-2025 (USD Million)
        • 8.5.4.2. Brazil smart pills market revenue, by application, 2015-2025 (USD Million)
        • 8.5.4.3. Brazil smart pills market revenue, by end-user, 2015-2025 (USD Million)
      • 8.5.5. Rest of Latin America
        • 8.5.5.1. Rest of Latin America smart pills market revenue, by component, 2015-2025 (USD Million)
        • 8.5.5.2. Rest of Latin America smart pills market revenue, by application, 2015-2025 (USD Million)
        • 8.5.5.3. Rest of Latin America smart pills market revenue, by end-user, 2015-2025 (USD Million)
    • 8.6. The Middle East and Africa
      • 8.6.1. The Middle East and Africa smart pills market revenue, by component, 2015-2025 (USD Million)
      • 8.6.2. The Middle East and Africa smart pills market revenue, by application, 2015-2025 (USD Million)
      • 8.6.3. The Middle East and Africa smart pills market revenue, by end-user, 2015-2025 (USD Million)
  •  
  • Chapter 9. Company Profile
    • 9.1. Proteus Digital Health
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. Check-Cap
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. Body-Cap Medical
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. CapsoVision
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Medimetrics
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. Given Imaging
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. Chongqing Jinshan Science and Technology
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. IntroMedic
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. Olympus Corporation
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10. Philips Respironics
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Product portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments

Methodology

Free Analysis

A collective term that refers to a class of new age medical devices that resemble conventional medical pills or a capsule is called a smart pill(s). Yet, unlike medical pills that carry drug load, smart pills are small miniature electronic devices. Smart pills have been in the market since the early 2000s and have already been adopted by the healthcare system. Nootropics or smart pills are basically small-embedded electronic appliances or medical devices that are embedded with cameras, sensors, and trackers. These electronic devices provide a complete evaluation of the gastrointestinal tract (GIT) and can be swallowed easily. The advent of these healthcare-cum-technology devices has addressed the soaring needs for better diagnosis and monitoring. These smart pills have overtaken the conventional method of gastrointestinal tract monitoring endoscopy with better and convenient pill technology, which is now becoming the standard method of a non-invasive diagnostic technique for serious disorders. Smart pills also help physicians in immediate monitoring of patients through remote controlling options.

The growing prevalence of chronic gastrointestinal illnesses is driving the smart pills market globally, as these are more efficient in diagnosing these diseases. As per the Centers for Disease Control and Prevention, in 2015, the prevalence rate of Crohn’s disease ranged from approximately 0.2 to 18 per 100,000 people in the U.S. Additionally, the changing lifestyle also includes a shift in the dietary patterns, which is also boosting the smart pills market globally. Similarly, the rising disposable income of the population in developing countries of the Asia Pacific is further propelling this market, owing to its affordability. Furthermore, there has also been a noticeable shift of patients from hospitals to home care settings. Many patients require constant health monitoring and prefer the comforts of home healthcare monitoring over the costly and inconvenient hospital care, which is further boosting the market growth for smart pills.

Global Smart Pills Market

The component segment of the global smart pills market includes workstation and smart pills (capsule endoscopy and patient monitoring). The capsule endoscopy segment further includes esophagus endoscopy, small bowel endoscopy, and colon endoscopy. On the basis of application, the smart pills market is bifurcated into patient monitoring and imaging. By end-user, the smart pills market includes clinics, hospitals, home healthcare, and research institutes.

North America is likely to dominate the global smart pills market over the forecast time period, owing to the growing of non-invasive treatments in the U.S. and Canada, favorable reimbursement policies, FDA approvals for smart pills, and rising investments by government and private agencies. The Asia Pacific smart pills market is relatively new to the smart pills technology, but the rising support for endoscopy research, growing investments by corporate players, and changing reimbursement scenario across the region is likely to drive the growth of the smart pill technology in the Asia Pacific.

Some leading players in the global smart pills market include Proteus Digital Health, Check-Cap, Body-Cap Medical, CapsoVision, Medimetrics, Given Imaging, Chongqing Jinshan Science and Technology, IntroMedic, Olympus Corporation, and Philips Respironics.

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