Learn about the global smart pills market through The Business Research Company, which provides information on smart pills market size, smart pills market drivers and restraints, smart pills market players, the COVID-19 impact on the smart pills market, and more.

The global smart pills market size is expected to grow from $4.03 billion in 2021 to $4.48 billion in 2022 at a compound annual growth rate (CAGR) of 11.2%. The global smart pill market size is then expected to grow to $6.83 billion in 2026 at a CAGR of 11.1%.

The growing preference for non-invasive procedures is driving the smart pills market.

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The smart pills market consists of the sales capsule-sized ingestible medical devices with small embedded electronic products such as sensors, cameras, patches, and trackers. Once swallowed, the smart pill gets activated in the gut and the sensors provide information about the patient’s health parameters and the effectiveness of medication leading to more optimized therapies.

Global Smart Pills Market Segments Include:
By Application: Capsule Endoscopy, Patient Monitoring, Drug Delivery

By End-User: Hospital, Diagnostic Center, Research Institute

By Target Area: Esophagus, Stomach, Small Intestine, Large Intestine

By Disease Indication: Esophageal Diseases, Colon Diseases, Small Bowel Diseases, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the smart pills market in 2021.

Extensive research and development are being carried out on the use of miniature chips such as Addressable Transmitters Operated as Magnetic Spins (ATOMS) which can be used as smart pills. ATOMS are silicon chip devices that use the principle of magnetic resonance imaging (MRI) to determine the location of atoms in a patient’s body using magnetic fields. ATOMS can be used in ingestible smart pills to diagnose and treat diseases from within the body. The devices can be used to monitor a patient’s gastrointestinal tract, blood, or brain. They also could measure factors that indicate the health of a patient such as pH, temperature, pressure, and sugar concentrations, and relay that information to doctors. The devices could even be instructed to release drugs.

TBRC’s smart pills market report covers:

Major Market Players: Medtronic Plc., Olympus Medical Technology, CapsoVision, Inc., Novartis AG, Proteus Pharmaceuticals, Philips Healthcare, Microchips, Bio-Images Drug Delivery (BDD) Limited, Given Imaging, Inc., and Vitality.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Smart Pills Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides smart pills market overviews, analyzes and forecasts market size, share, smart pills market players, smart pills market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s smart pills market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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