Press release
Strong Growth Ahead: Smart Pills Market Size To Grow At Arecord 11.6% Cagr By 2029
Smart Pills Market Size
How Big Is the Smart Pills Market Size Expected to Be by 2034?
The smart pills market has grown rapidly in recent years. It is set to increase from $5.39 billion in 2024 to $5.95 billion in 2025 at a compound annual growth rate (CAGR) of 10.4%. Growth in this market is driven by the need for medication adherence, chronic disease management, clinical research, and the aging population.
The smart pills market is expected to grow rapidly, reaching $9.22 billion in 2029 at a CAGR of 11.6%. Growth will be supported by remote health monitoring, evolving regulatory standards, clinical research advancements, and digital health integration. Trends include wireless diagnostics, smart sensors in pills, imaging capabilities, AI-powered analytics, and miniaturized, biocompatible technologies.
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What Are the Emerging Segments Within the Smart Pills Market?
The smart pills market covered in this report is segmented -
1) By Target Area: Esophagus, Stomach, Small Intestine, Large Intestine
2) By Disease Indication: Esophageal Diseases, Colon Diseases, Small bowel Diseases, And Other Disease Indications
3) By Application: Capsule Endoscopy, Patient Monitoring, Drug Delivery
4) By End User: Hospital, Diagnostic Center, Research Institute
Subsegments:
1) By Esophagus: Diagnostic Pills For Esophageal Disorders, Pills For Monitoring Esophageal Motility
2) By Stomach: Gastric Emptying Monitoring Pills, Diagnostic Pills For Gastric Disorders
3) By Small Intestine: Pills For Absorption Studies, Diagnostic Pills For Small Bowel Diseases
4) By Large Intestine: Colonoscopy Alternative Pills, Pills For Detecting Colorectal Disorders
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What Long-Term Drivers Are Shaping Smart Pills Market Trends?
The growing preference for non-invasive procedures is propelling the smart pills market. Smart pills, which are wireless ingestible capsules used in capsule endoscopy and patient monitoring, are becoming increasingly popular due to their ability to diagnose gastrointestinal disorders non-invasively. Their effectiveness in replacing traditional diagnostic methods like endoscopy is expected to contribute to the market's growth.
Who Are the Top Competitors in Key Smart Pills Market Segments?
Major companies operating in the smart pills market include Medtronic plc, Olympus Corporation, CapsoVision Inc., Novartis AG, Proteus Digital Health Inc., Koninklijke Philips N.V., MicroCHIPS Inc., Bio-Images Drug Delivery (BDD) Ltd., Given Imaging Ltd., Vitality Inc., Boston Scientific Corporation, HQ Inc., Fujifilm Holdings Corporation, General Electric Company, Check-Cap Ltd., IntroMedic Co. Ltd., Jinshan Science & Technology Co. Ltd., PENTAX Medical, etectRx Inc., Pixie Scientific HQ Inc., ANX Robotica Corp., RF Co. Ltd., Shenzhen Jifu Medical Technology Co. Ltd., Otsuka America Pharmaceutical Inc., Medimetrics Personalized Drug Delivery B.V., Smart Pill Inc., Medisafe Inc., AdhereTech LLC, TabSafe Medical Services Inc.
What Are the Major Trends Shaping the Smart Pills Market?
Research and development on miniature chips, like Addressable Transmitters Operated as Magnetic Spins (ATOMS), is progressing for use in smart pills. ATOMS are silicon chips that use magnetic resonance imaging (MRI) to track their location in a patient's body, allowing for monitoring and drug delivery within the body. These chips could be used to observe a patient's gastrointestinal tract, blood, or brain. For example, scientists at Caltech have developed a miniature medical chip that can function as a smart pill to monitor health indicators such as temperature and sugar levels.
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Which Regions Are Becoming Hubs for Smart Pills Market Innovation?
North America was the largest region in the smart pills market in 2023. Western Europe was the second-largest region in the smart pills market analysis. The regions covered in the smart pills market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Smart Pills Market?
2. What is the CAGR expected in the Smart Pills Market?
3. What Are the Key Innovations Transforming the Smart Pills Industry?
4. Which Region Is Leading the Smart Pills Market?
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