Press release
Smart Pills Industry Outlook 2025-2029: Market Set to Cross $9.22 Billion Milestone
Smart Pills Market
How Large Will the Smart Pills Market Size By 2025?
Over recent times, there has been significant growth in the market size of smart pills. An increase from $5.39 billion in the year 2024 to $5.95 billion in 2025 is projected, with a compound annual growth rate (CAGR) of 10.4%. Factors driving this growth in the historic period include medication compliance, management of chronic diseases, advancements in clinical trials and research, and the increase in aging population.
How Big Is the Smart Pills Market Size Expected to Grow by 2029?
Anticipated to witness a swift expansion in forthcoming years, the smart pills market is projected to reach $9.22 billion by 2029, registering an 11.6% compound annual growth rate (CAGR). The growth during the expected period can be accredited to factors such as remote patient monitoring, adherence to regulatory and quality standards, clinical investigations, and the incorporation of digital health. The key trends during the forecasted period include wireless health observation, diagnostic and imaging capsules, data interpretation and machine learning, intelligent pill sensors, as well as miniaturization and biocompatibility.
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Which Key Market Drivers Powering Smart Pills Market Expansion and Growth?
The preference for non-invasive techniques is propelling the smart pills market forward. Such methods, utilized for diagnosis and treatment, do not necessitate body incisions or removal of tissue for diagnostic or therapeutic interventions. Smart pills, ingestible, wireless capsules, can be easily consumed and find their use in various areas like capsule endoscopy, patient monitoring, and drug delivery. Specifically, in diagnostic imaging, smart pills prove to be crucial. Capsule endoscopy, a diagnostic tool, involves swallowing a smart pill, which contains a micro-camera that can take images of the esophagus, stomach, and small intestine as it travels through the gastrointestinal (GI) tract. Smart pills have brought about a major transformation in diagnosing gastrointestinal ailments and are likely to supersede traditional diagnostic methods such as endoscopy. Consequently, it is these non-invasive techniques that are acting as a driving force for the smart pills market during this period.
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Which Fast-Growing Trends Are Poised to Disrupt the Smart Pills Market?
A significant amount of research and development is being conducted on the application of tiny chips such as Addressable Transmitters Operated as Magnetic Spins (ATOMS) that have the potential to function as intelligent pills. ATOMS are silicon chip devices that operate using the concept of magnetic resonance imaging (MRI) to pinpoint the positioning of atoms in a person's body through magnetic fields. These ATOMS can be utilized in ingestible smart pills to diagnose and treat illnesses from within the body. These devices have the potential to track a patient's gastrointestinal tract, blood, or brain. They are also capable of measuring indicators of a patient's health like pH, temperature, pressure, and sugar levels, and then transmitting this information to healthcare professionals. Furthermore, these devices can even be programmed to dispense medication. For example, researchers at Caltech (California Institute of Technology) have created a diminutive medical chip that can function as a smart pill.
What Are the Emerging Segments in 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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Who Are the Global Leaders in the Smart Pills Market?
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.
Which are the Top Profitable Regional Markets for the Smart Pills Industry?
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
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