Smart Pills Market

Global Market Study on Smart Pills: North America to Remain Most Remunerative Market for Smart Pills during 2017 - 2026

ID: PMRREP21712

January 2018

170 Pages

Author : Abhijeet Surwase

Healthcare

Introduction

Smart pills have emerged as a revolutionary technological innovation, bridging the gap between digital technology and healthcare. Advent of these healthcare-cum-technological devices has enabled addressing soaring demand for better monitoring and diagnostics. Smart pills have now become standard technique for non-invasive diagnosis regarding motility disorders. Physicians prefer smart pills as they enable real-time patient monitoring via remote controlling options.

Patients with Chronic Diseases to be Target Consumers of Smart Pills

Demand for drug delivery systems having integral benefits such as minimal side/adverse effects, targeted drug delivery, optimal use of API, and reduced dosage frequency has witnessed a surge. This has further led to the integration of innovative drugs, advanced technologies and medical devices into drug delivery systems, thereby resulting into the development of smart pills. People suffering from chronic diseases who require to follow specific dose of medication are likely to be target patient base for smart pills.

Numerous smart pills are now being analyzed for potential application in therapeutics as well as diagnosis of several acute and chronic diseases. In addition, growing inclination toward minimally invasive surgeries has resulted into innovative techniques such as capsule endoscopy.

The elderly population is highly prone to gastrointestinal disorders. The capsule endoscopy plays an integral role in early diagnosis & proper treatment of these disorders, along with hybrid imaging technologies and new component innovations. Patients with utmost requirement for home healthcare services face challenges regarding access & use of smart pills. This has led developers and producers in increasing the accessibility & usability of these devices, facilitating the interpretation of data even for a layman.

Majority of the industries are offering compatible software for collecting data over longer duration and imparting valuable information about patient health, coupled with suggestions for improving their life quality. The facility of being connected to smartphones through Bluetooth, and provision of data in user-friendly & statistical format is likely to augment demand for smart pills in the near future.

According to Persistence Market Research (PMR), global smart pills market will reflect a splendid expansion through the forecast period (2017-2026). Sales of smart pills across the globe are estimated to exceed revenues worth US$ 3,000 Mn by 2026-end.

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North America to Remain Most Remunerative Market for Smart Pills

North America will continue to be the most remunerative market for smart pills, mainly driven by factors such as fast regulatory approval of new products, growing cases of colorectal cancer, and technological advancements in the healthcare sector. The market in Asia-Pacific excluding Japan (APEJ) is projected to register a robust expansion through 2026, closely trailing North America.

Mandatory healthcare insurance provisions, and growing prevalence of gastrointestinal disorders and stomach cancer are primary factors influencing the market growth in APEJ. High prevalence of target disorders coupled with increasing government support is further expected to pave growth opportunities for smart pills market in APEJ.

Significant demand for minimally invasive surgeries has led toward development of innovative techniques such as the capsule endoscopy. Ease of administration and in-depth observation of gastrointestinal tract offered by capsule endoscopy has made it to replace conventional endoscopy procedures. Capsule endoscopy will be the largest application of smart pills during the forecast period. Drug delivery will also remain a remunerative application of smart pills.

Esophagus will continue to be the dominant target area for smart pills, followed by stomach. Sales of smart pills of target areas small intestine and large intestine will register the highest CAGR through 2026.

Competition Tracking

The global smart pills market is dominated by few well-established players. These players have dedicated their focus toward expansion of their product portfolio through advanced offerings of their existing smart pill versions. New market entrants are increasingly concentrating on development of breakthrough products with affordable yet advanced alternatives to their existing counterparts, in order to leverage opportunities in developing and untapped markets.

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Market Taxonomy

Attribute	Details
Region	North Americ Latin America Europe Japan APEJ MEA
Application	Capsule Endoscopy Drug Delivery Patient Monitoring
Target Area	Esophagus Stomach Small Intestine Large Intestine

Companies Covered in Smart Pills Market

CapsoVision, Inc.
Given Imaging, Inc.
Medimetrics S.A. de C.V.
Olympus Corporation
Bio-Images Research Limited
Medtronic
Proteus digital Health
MediSafe
Boston Scientific Corporation
GE Healthcare
Others.

Top-Down Market Sizing	Bottom-Up Market Sizing
Universe Definition: Total global/regional market identification	Unit Economics: Average transaction values, purchase frequencies, customer lifecycle
Segmentation Filters: Geographic, demographic, and behavioral constraints	Customer Segmentation: Detailed buyer persona development and sizing
Market Share Analysis: Competitive landscape assessment and share allocation	Penetration Analysis: Market penetration rates by segment and geography
Growth Rate Application: Historical trends and forward-looking growth assumptions	Scaling Methodology: Extrapolation techniques with confidence intervals

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Attribute

Details

Region

North Americ
Latin America
Europe
Japan
APEJ
MEA

Application

Capsule Endoscopy
Drug Delivery
Patient Monitoring

Target Area

Esophagus
Stomach
Small Intestine
Large Intestine

1. Global Economic Outlook

2. Global Smart Pills Market - Executive Summary

3. Global Smart Pills Market Overview

3.1. Introduction

3.1.1. Global Smart Pills Market Taxonomy

3.1.2. Global Smart Pills Market Definition

3.2. Global Smart Pills Market Size (US$ Mn) and Forecast, 2012-2026

3.2.1. Global Smart Pills Market Y-o-Y Growth

3.3. Global Smart Pills Market Dynamics

3.4. Supply Chain

3.5. Cost Structure

3.6. PESTL Analysis

3.7. Product Life Cycle Analysis

3.8. List of Distributors

3.9. Key Participants Market Presence (Intensity Map) By Region

4. Global Smart Pills Market Analysis and Forecast 2012-2026

4.1. Global Smart Pills Market Size and Forecast By Application, 2012-2026

4.1.1. Capsule Endoscopy Market Size and Forecast, 2012-2026

4.1.1.1. Revenue (US$ Mn) Comparison, By Region

4.1.1.2. Market Share Comparison, By Region

4.1.1.3. Y-o-Y growth Comparison, By Region

4.1.2. Drug Delivery Market Size and Forecast, 2012-2026

4.1.2.1. Revenue (US$ Mn) Comparison, By Region

4.1.2.2. Market Share Comparison, By Region

4.1.2.3. Y-o-Y growth Comparison, By Region

4.1.3. Patient Monitoring Market Size and Forecast, 2012-2026

4.1.3.1. Revenue (US$ Mn) Comparison, By Region

4.1.3.2. Market Share Comparison, By Region

4.1.3.3. Y-o-Y growth Comparison, By Region

4.2. Global Smart Pills Market Size and Forecast By Target Area, 2012-2026

4.2.1. Esophagus Market Size and Forecast, 2012-2026

4.2.1.1. Revenue (US$ Mn) Comparison, By Region

4.2.1.2. Market Share Comparison, By Region

4.2.1.3. Y-o-Y growth Comparison, By Region

4.2.2. Stomach Market Size and Forecast, 2012-2026

4.2.2.1. Revenue (US$ Mn) Comparison, By Region

4.2.2.2. Market Share Comparison, By Region

4.2.2.3. Y-o-Y growth Comparison, By Region

4.2.3. Small Intestine Market Size and Forecast, 2012-2026

4.2.3.1. Revenue (US$ Mn) Comparison, By Region

4.2.3.2. Market Share Comparison, By Region

4.2.3.3. Y-o-Y growth Comparison, By Region

4.2.4. Large Intestine Market Size and Forecast, 2012-2026

4.2.4.1. Revenue (US$ Mn) Comparison, By Region

4.2.4.2. Market Share Comparison, By Region

4.2.4.3. Y-o-Y growth Comparison, By Region

5. North America Smart Pills Market Size and Forecast, 2012-2026

5.1. North America Outlook

5.2. North America Parent Market Outlook

5.3. North America Target Market Outlook

5.4. Revenue (US$ Mn) Comparison, By Country

5.4.1. US Market Size and Forecast (US$ Mn), 2012-2026

5.4.2. Canada Market Size and Forecast (US$ Mn), 2012-2026

5.5. Revenue (US$ Mn) Comparison, By Application

5.6. Revenue (US$ Mn) Comparison, By Target Area

6. Latin America Smart Pills Market Size and Forecast, 2012-2026

6.1. Latin America Outlook

6.2. Latin America Parent Market Outlook

6.3. Latin America Target Market Outlook

6.4. Revenue (US$ Mn) Comparison, By Country

6.4.1. Brazil Market Size and Forecast (US$ Mn), 2012-2026

6.4.2. Mexico Market Size and Forecast (US$ Mn), 2012-2026

6.4.3. Rest of Latin America Market Size and Forecast (US$ Mn), 2012-2026

6.5. Revenue (US$ Mn) Comparison, By Application

6.6. Revenue (US$ Mn) Comparison, By Target Area

7. Europe Smart Pills Market Size and Forecast, 2012-2026

7.1. Europe Outlook

7.2. Europe Parent Market Outlook

7.3. Europe Target Market Outlook

7.4. Revenue (US$ Mn) Comparison, By Country

7.4.1. Germany Market Size and Forecast (US$ Mn), 2012-2026

7.4.2. UK Market Size and Forecast (US$ Mn), 2012-2026

7.4.3. France Market Size and Forecast (US$ Mn), 2012-2026

7.4.4. Spain Market Size and Forecast (US$ Mn), 2012-2026

7.4.5. Italy Market Size and Forecast (US$ Mn), 2012-2026

7.4.6. Rest of Europe Market Size and Forecast (US$ Mn), 2012-2026

7.5. Revenue (US$ Mn) Comparison, By Application

7.6. Revenue (US$ Mn) Comparison, By Target Area

8. Japan Smart Pills Market Size and Forecast, 2012-2026

8.1. Japan Outlook

8.2. Japan Parent Market Outlook

8.3. Japan Target Market Outlook

8.4. Revenue (US$ Mn) Comparison, By Country

8.4.1. Japan Market Size and Forecast (US$ Mn), 2012-2026

8.5. Revenue (US$ Mn) Comparison, By Application

8.6. Revenue (US$ Mn) Comparison, By Target Area

9. APEJ Smart Pills Market Size and Forecast, 2012-2026

9.1. APEJ Outlook

9.2. APEJ Parent Market Outlook

9.3. APEJ Target Market Outlook

9.4. Revenue (US$ Mn) Comparison, By Country

9.4.1. China Market Size and Forecast (US$ Mn), 2012-2026

9.4.2. India Market Size and Forecast (US$ Mn), 2012-2026

9.4.3. Thailand Market Size and Forecast (US$ Mn), 2012-2026

9.4.4. Singapore Market Size and Forecast (US$ Mn), 2012-2026

9.4.5. Australia Market Size and Forecast (US$ Mn), 2012-2026

9.4.6. Rest of APEJ Market Size and Forecast (US$ Mn), 2012-2026

9.5. Revenue (US$ Mn) Comparison, By Application

9.6. Revenue (US$ Mn) Comparison, By Target Area

10. MEA Smart Pills Market Size and Forecast, 2012-2026

10.1. MEA Outlook

10.2. MEA Parent Market Outlook

10.3. MEA Target Market Outlook

10.4. Revenue (US$ Mn) Comparison, By Country

10.4.1. GCC Countries Market Size and Forecast (US$ Mn), 2012-2026

10.4.2. South Africa Market Size and Forecast (US$ Mn), 2012-2026

10.4.3. Nigeria Market Size and Forecast (US$ Mn), 2012-2026

10.4.4. Rest of MEA Market Size and Forecast (US$ Mn), 2012-2026

10.5. Revenue (US$ Mn) Comparison, By Application

10.6. Revenue (US$ Mn) Comparison, By Target Area

11. Global Smart Pills Market Company Share, Competition Landscape and Company Profiles

11.1. Company Share Analysis

11.2. Competition Landscape

11.3. Company Profiles

11.3.1. CapsoVision, Inc.

11.3.2. Given Imaging, Inc.

11.3.3. Medimetrics S.A. de C.V.

11.3.4. Olympus Corporation

11.3.5. Bio-Images Research Limited

11.3.6. Medtronic

11.3.7. Proteus digital Health

11.3.8. MediSafe

11.3.9. Boston Scientific Corporation

11.3.10. GE Healthcare

12. Research Methodology

13. Secondary and Primary Sources

14. Assumptions and Acronyms

15. Disclaimer

Smart Pills Market

Global Market Study on Smart Pills: North America to Remain Most Remunerative Market for Smart Pills during 2017 - 2026

Introduction

Patients with Chronic Diseases to be Target Consumers of Smart Pills

North America to Remain Most Remunerative Market for Smart Pills

Competition Tracking

Market Taxonomy

Companies Covered in Smart Pills Market

Research Methodology Framework for Market Research Excellence

Core Research Philosophy

Capturing Key Information and Events

TAM-SAM-SOM Framework Implementation

Validation & Cross-Verification

Forecasting & Projection Modeling

Comprehensive Data Collection Strategy

Primary Research Excellence

Quality Assurance & Validation Framework

Methodology Validation & Credibility

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Smart Pills Market

Global Market Study on Smart Pills: North America to Remain Most Remunerative Market for Smart Pills during 2017 - 2026

Introduction

Patients with Chronic Diseases to be Target Consumers of Smart Pills

North America to Remain Most Remunerative Market for Smart Pills

Competition Tracking

Market Taxonomy

Companies Covered in Smart Pills Market

Research Methodology Framework for Market Research Excellence

Core Research Philosophy

Capturing Key Information and Events

TAM-SAM-SOM Framework Implementation

Validation & Cross-Verification

Forecasting & Projection Modeling

Comprehensive Data Collection Strategy

Primary Research Excellence

Quality Assurance & Validation Framework

Methodology Validation & Credibility

Interested in this report?

Clients

Media Citation

Get In Touch