HOME Top Market Reports Smart Pills Market by Application (Capsule Endoscopy, Drug Delivery, Patient Monitoring), Target Area (Esophagus, Stomach, Small Intestine, Large Intestine) & Geography - Global Forecast to 2024

Smart Pills Market by Application (Capsule Endoscopy, Drug Delivery, Patient Monitoring), Target Area (Esophagus, Stomach, Small Intestine, Large Intestine) & Geography - Global Forecast to 2024

By: marketsandmarkets.com
Publishing Date: March 2015
Report Code: MD 3264

 

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The global smart pills market is segmented on the basis of applications and regions. The market by applications is categorized into capsule endoscopy, drug delivery, and patient monitoring. On the basis of regions, the market is divided into North America, Europe, Asia, and Rest of the World (RoW: Pacific countries, Africa, and Latin America).

Factors such as favorable reimbursement scenario, patient preference for minimally invasive procedures, technological advancements in endoscopy procedures, and rising prevalence of colon cancer are driving the growth of this market. Moreover, benefits provided by the smart pills technology such as technological advancements in endoscopy procedures, targeted drug delivery, and easy remote patient monitoring are propelling the adoption of this technology.

On the other hand, in spite of numerous benefits offered by the smart pills technology, certain barriers such as technological incompetence of capsule endoscopes, high costs, and fear among patients regarding swallowing a microchip are hindering the growth of this market.

North America is the largest market in the smart pills. The high growth of this region can be attributed to the favorable reimbursement scenario, FDA approvals for smart pills, and rising investments by government and other agencies.

The prominent players in the global smart pills market include CapsoVision, Inc. (U.S.), Given Imaging, Inc. (Israel), Medimetrics S.A. de C.V. (Mexico), Olympus Corporation (Japan), and Bio-Images Research Limited (U.K.).

Scope of the Report

This research report categorizes the smart pills market into the following segments and subsegments:

Smart Pills Market, by Application

  • Capsule Endoscopy
  • Drug Delivery
  • Patient Monitoring

Smart Pills Market, by Region

  • North America
  • Europe
  • Asia
  • RoW
    • Pacific Countries
    • Africa
    • Latin America

Table of Contents

1 Introduction
    1.1 Objectives of the Study
    1.2 Markets Covered
    1.3 Stakeholders

2 Research Methodology
    2.1 Secondary and Primary Research Methodology
           2.1.1 Secondary Research
    2.2 Key Data From Secondary Sources
           2.2.1  Primary Research
    2.3 Key Data From Primary Sources
    2.4 Key Insights From Primary Sources
           2.4.1  Key Industry Insights
    2.5 Market Size Estimation Methodology
    2.6 Market Forecast Methodology
    2.7 Market Data Validation and Data Triangulation
    2.8 Assumptions
    2.9 Limitations

3 Executive Summary

4 Premium Insights
    4.1 Attractive Opportunities in Smart Pills Market
    4.2 Capsule Endoscopes Market, By Geography
    4.3 CAGR % (2014-19) Across Geographies

5 Market Dynamics
    5.1 Drivers
           5.1.1 Favorable Reimbursement Coverage in Selected Countries
           5.1.2 Increased Patient Preference for Minimally Invasive Surgeries
           5.1.3 Technological Advancements in Capsule Endoscopes
           5.1.4 Rise in Incidences of Colon Cancer
           5.1.5 Bowel Scope Screening is Expected to Have A Positive Impact on the Endoscopy Market in the U.K.
           5.1.6 Extended Indication Coverage for the Use of Capsule Endoscopes in Japan
           5.1.7 Reimbursement Approval of Diagnostic  and Screening Capsule Endoscopes for Colon in Japan
           5.1.8 Foray of Prominent Players in the Asian Market
           5.1.9 Aging Population in Europe
           5.1.10 Endoscopy Training Workshop and Investments in Australia
    5.2 Barriers
           5.2.1 Technological Incompetence of Capsule Endoscopes
           5.2.2 Increasing Sophistication in Smart Pills to Increase Costs
    5.3 Opportunities
           5.3.1 Need for Rapid Drug Development Process

6 Industry Insights
    6.1 Pest Analysis
    6.2 Porters Five Forces Analysis

7 Smart Pills Market & Trends
    7.1 Type of Smart Pills
    7.2 Smart Pills Technology: Overview
    7.3 Capsule Endoscopes (Global Forecasts to 2024)
           7.3.1 Overview
           7.3.2 Capsule Endoscopes: Components
           7.3.3 Currently Marketed Products With Specification
           7.3.4 Capsule Endoscopes: Market Size
           7.3.5 Capsule Endoscopes: Market Volume
    7.4 Smart Pills for Patient Monitoring (Global Forecasts to 2024)
           7.4.1 Smart Pills for Patient Monitoring: Overview
           7.4.2 Proteus Digital Health- Feedback System
           7.4.3 Smart Pills for Patient Monitoring: Market Size
           7.4.4 Smart Pills for Patient Monitoring: Future Potential
    7.5 Smart Pills for Drug Delivery (Global Forecasts to 2024)
           7.5.1 Smart Pills for Drug Delivery: Overview
           7.5.2 Intellicap System By Medimetrics
           7.5.3 Smart Pills for Drug Delivery: Market Size
           7.5.4 Smart Pills for Drug Delivery: Future Potential

8 Research Landscape: Research Studies on Smart Pills Across the Globe
    8.1 the Melody Project
    8.2 Edible Battery to Target Health Sensors and Drug Delivery
    8.3 Laser Pill for Esophagus Imaging
    8.4 Maars Remote-Controlled Magnetic Capsules
    8.5 Design and Implementation of Miniaturized Capsules for Auto-Fluorescence Detection With Possible Applications in the Bowel Disease
    8.6 Detecting A Secreted Gastric Cancer Biomarker Molecule Through Targeted Nanoparticles for Real-Time Diagnostics
    8.7 Magnetically Actuated  Soft Capsule Endoscope (MASCE)
    8.8 Power Generation Technology Using Bendable Thin Film Nano-Material
    8.9 Wirelessly Communicating Capsule Prototype
    8.10 Development of CMOS Sensors for Incorporation in Endoscopic Capsules for Cancer Cell Detection
    8.11 Versatile Endoscopic Capsule for Gastrointestinal Tumor Recognition and Therapy-Vector
    8.12 Novel, Innovative, Remote-Controlled Drug Delivery Capsule
    8.13 Drug Delivery With Muscle

9 Capsule Endoscopes Market, By Geography
    9.1 North America
    9.2 Europe
    9.3 Asia
    9.4 Rest of the World (ROW)

ROW Includes Latin America, Africa and Pacific Countries

10 Competitive Landscape
     10.1 Overview
     10.2 Market Share Analysis, Capsule Endoscope Market
             10.2.1 Introduction
                    10.2.1.1 Given Imaging
                    10.2.1.2  Olympus Corporation
                    10.2.1.3 Others
     10.3 Competitive Situation and Trends
             10.3.1 Agreements, Partnerships, and Collaborations
             10.3.2 New Product Launches
             10.3.3 Expansions
             10.3.4 Acquisitions
             10.3.5 Others

11 Industry Speaks
     11.1 Supply Side
     11.2 Demand Side

12 Company Profiles (Overview, Financials, Products & Services, Strategy, and Developments)*
     12.1 Acamp
     12.2 Bio –Images Research Ltd.
     12.3 Boston Scientific Corporation 
     12.4 Capsovision, Inc. 
     12.5 Cerner Corporation
     12.6 Fujifilm Holdings Corporation 
     12.7 Ge Healthcare
     12.8 Given Imaging, Inc
     12.9 Karl Storz Gmbh & Co. KG
     12.10 Medimetrics S.A. DE C.V
     12.11 Olympus Corporation
     12.12 Pentax Medical Company
     12.13 Proteus Digital Health, Inc.

*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
     13.1 Discussion Guide
     13.2 Introducing RT: Real Time Market Intelligence
     13.3 Available Customizations
     13.4 Related Reports


List of Tables (67 Tables)

Table 1 Endoscopy Market, By Application, 2012-2024 ($Million)
Table 2 High Cost of Smart Pills
Table 3 Emerging Markets
Table 4 Price Pressure
Table 5 Shift From Conventional Endoscopes to Smart Pills
Table 6 Smart Pills Market, By Application, 2012-2024 ($Million)
Table 7 Market, By Region, 2012-2024 ($Million)
Table 8 North America : Smart Pills Market Size, By Application, By Country,  2014-2024($Million)
Table 9 Smart Pills Market, By Target Area, By Application, 2012-2024 ($Million)
Table 10 Market, By Target Area, By Region, 2012-2024 ($Million)
Table 11 North America : Smart Pills Market Size, By Target Area, By Country,  2014-2024($Million)
Table 12 Asia : Smart Pills Market Size, By Application, By Country, 2014-2024($Million)
Table 13 Europe : Market Size, By Target Area, By Country, 2014-2024 ($Million)
Table 14 North America : Conventional Endoscopy Market Size, By Application, By Country 2014-2024($Million)
Table 15 Europe : Conventional Endoscopy Market Size Market Size , By Application, By Country 2014-2024($Million)
Table 16 Asia : Drug Delivery Market Size, By Application, By Country 2014-2024($Million)
Table 17 Drug Delivery Market Size, By Application, By Region 2014-2024($Million)
Table 18 North America : Drug Delivery  Market Size ,By Application, By  Region 2014-2024($Million)
Table 19 Europe : Drug Delivery  Market Size ,By Application, By Region 2014-2024($Million)
Table 20 Asia : Drug Delivery  Market Size ,By Application, By Region 2014-2024($Million)
Table 21 Capsule Endoscopy Market Size ,By Target Area 2014-2024($Million)
Table 22 North America : Capsule Endoscopy Market Size ,By Target Area 2014-2024($Million)
Table 23 Europe : Capsule Endoscopy Market Size ,By Target Area 2014-2024($Million)
Table 24 Asia : Capsule Endoscopy Market Size ,By Target Area 2014-2024($Million)
Table 25 Esophagus Targeted Smart Pills Market Size ,By Region 2014-2024($Million)
Table 26 North America : Esophagus Targeted Smart Pills Market Size ,By Region 2014-2024($Million)
Table 27 Europe : Esophagus Targeted Smart Pills Market Size ,By Region 2014-2024($Million)
Table 28 Asia : Esophagus Targeted Smart Pills Market Size ,By Region 2014-2024($Million)
Table 29 Stomach Targeted Smart Pills Market Size ,By Region 2014-2024($Million)
Table 30 North America: Stomach Targeted Smart Pills Market Size ,By Region 2014-2024($Million)
Table 31 Europe : Stomach Targeted Market Size ,By Region 2014-2024($Million)
Table 32 Asia: Stomach Targeted Market Size, By Region 2014-2024($Million)
Table 33 Small Intestine: Targeted Market Size, By Region 2014-2024($Million)
Table 34 North America : Small Intestine Targeted Market Size ,By Region 2014-2024($Million)
Table 35 Europe : Small Intestine Targeted Market Size ,By Region 2014-2024($Million)
Table 36 Asia : Small Intestine Targeted Market Size, By Region 2014-2024($Million)
Table 37 Large Intestine: Targeted Market Size ,By Region 2014-2024($Million)
Table 38 North America : Large Intestine Targeted Market Size ,By Region 2014-2024($Million)
Table 39 Europe : Large Intestine Targeted Market Size ,By Region 2014-2024($Million)
Table 40 Asia : Large Intestine Targeted Market Size ,By Region 2014-2024($Million)
Table 41 U.S. : Market Size, By Application, By Country,  2014-2024($Million)
Table 42 Canada : Market Size, By Application, By Country,  2014-2024($Million)
Table 43 U.K. : Market Size, By Application  2014-2024($Million)
Table 44 Germany : Market Size, By Application 2014-2024($Million)
Table 45 France : Market Size, By Application  2014-2024($Million)
Table 46 Spain : Market Size, By Application, 2014-2024($Million)
Table 47 Italy : Market Size, By Application, 2014-2024($Million)
Table 48 India : Market Size, By Application, 2014-2024($Million)
Table 49 Japan : Market Size, By Application, 2014-2024($Million)
Table 50 China : Market Size, By Application, 2014-2024($Million)
Table 51 U.S. : Capsule Endoscopy Market Size ,By Target Area 2014-2024($Million)
Table 52 Canada : Capsule Endoscopy Market Size ,By Target Area 2014-2024($Million)
Table 53 U.K. : Capsule Endoscopy Market Size ,By Target Area 2014-2024($Million)
Table 54 Germany: Capsule Endoscopy Market Size ,By Target Area 2014-2024($Million)
Table 55 France : Capsule Endoscopy Market Size ,By Target Area 2014-2024($Million)
Table 56 Spain: Capsule Endoscopy Market Size ,By Target Area 2014-2024($Million)
Table 57 Italy : Capsule Endoscopy Market Size ,By Target Area 2014-2024($Million)
Table 55 India : Capsule Endoscopy Market Size ,By Target Area 2014-2024($Million)
Table 56 Japan : Capsule Endoscopy Market Size ,By Target Area 2014-2024($Million)
Table 57 China : Capsule Endoscopy Market Size ,By Target Area 2014-2024($Million)
Table 58 Funding Patterns for Smart Pills
Table 59 ROW: Market, By Application, 2012-2024 ($Million)
Table 60 ROW : Capsule Endoscopy Market, By Target Area, 2012-2024 ($Million)
Table 61 Italy : Drug Delivery Market Size ,By Target Area 2014-2024($Million)
Table 62 India : Drug Delivery Market Size ,By Target Area 2014-2024($Million)
Table 63 Japan : Drug Delivery Market Size ,By Target Area 2014-2024($Million)
Table 64 China : Drug Delivery Market Size ,By Target Area 2014-2024($Million)
Table 65 Funding Patterns for Smart Pills
Table 66 ROW: Drug Delivery Market, By Application, 2012-2024 ($Million)
Table 67 ROW : Drug Delivery Market, By Target Area, 2012-2024 ($Million)
 
 
List of Figures (29 Figures)
 
Figure 1 Research Methodology
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Snapshot, By Products  (2014 vs. 2024)
Figure 6 Capsule Endoscopy Form the Largest Segment
Figure 7 Smart Pillsmarket, By Region: North America Holds Largest Share in 2014
Figure 8 Asia to Witness Highest Growth in Forecast Period
Figure 9 Market, By Application
Figure 10 Market, By Region
Figure 11 Capsule Endoscopy Market, By Target Area
Figure 12 Porter’s Five Forces Analysis
Figure 13 Geographic Snapshot (2014-2024): Asia and ROW Countries Are the New Hotspot
Figure 14 North America: Market Growth Will Be Driven By Favorable Reimbursements
Figure 15 Asia: Market Growth Would Be Driven By Rapidly Growing Aging Population
Figure 16 Major Players Adopted New Product Launches  as A Key Growth Strategy
Figure 18 Smart Pillsmarket Share, By Key Players, 2013
Figure 20 Battle for Market Share: Acquisitions Was the Key Strategy
Figure 21 Geographic Revenue Mix of Key Market Players
Figure 22 Company Snapshot: Pentax
Figure 23 Company Snapshot: Capsovision
Figure 24 Company Snapshot: Acamp
Figure 25 Company Snapshot: Bio-Images Research
Figure 26 Company Snapshot: Boston Scientific Corp
Figure 27 Company Snapshot: Cerner Corporation
Figure 28 Company Snapshot: Given Imaging
Figure 29 Company Snapshot: Olympus

The smart pills technology is increasingly being adopted by the healthcare industry across the globe in order to improve the efficiency and ease of endoscopy procedures. This report studies the global smart pills market over the forecast period of 2014 to 2024.

The Smart pills market in 2014 is valued at $1.56 billion. It is forecasted to reach $3.83 billion in the year 2020, growing at a CAGR of 16.16% (2014 – 2020). This will continue to reach $8.98 billion by the year 2024, growing at a CAGR of 23.7% (2020 – 2024).

The smart pills market is segmented on the basis of applications and regions. On the basis of applications, the market is segmented into capsule endoscopy, drug delivery, and patient monitoring. The capsule endoscopy segment accounted for the largest share of the global smart pills market.

The smart pills technology provides targeted drug delivery methods and patient monitoring. Furthermore, reimbursement announced by governments in different countries has stimulated the adoption of capsule endoscopy. However, in spite of the numerous benefits offered, barriers such as technological incompetence of capsule endoscopes, high cost, and fear among patients regarding swallowing a microchip are restraining the growth of this market.

On the basis of applications, the smart pills market is divided into capsule endoscopy, patient monitoring, and drug delivery. On the basis of regions, the market is divided into North America, Europe, Asia, and Rest of the World (RoW: Pacific countries, Africa, and Latin America)

Global Smart Pills Market, by Geography, 2014

Smart Pill Technology Market

Source: MarketsandMarkets Analysis

The North American market dominated the global smart pills market. The largest share of the market can be attributed to the favorable reimbursement scenario, FDA and other approvals for smart pills technology-based products, and increasing investments by government and other agencies. The Asian market is relatively new to smart pills technology; however, increasing investments by corporate players, changing reimbursement scenario, and support for endoscopy research in this region will drive the growth of this market.

The major players of the global smart pills market are CapsoVision, Inc. (U.S.), Given Imaging, Inc. (Israel), Medimetrics S.A. de C.V. (Mexico), Olympus Corporation (Japan), and Bio-Images Research Limited (U.K.).

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