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Smart Pills Capsule Endoscopy Market - Forecast(2024 - 2030)
Smart Pills Capsule Endoscopy Market Overview
Smart Pills Capsule Endoscopy Market size is estimated to reach $8.18 Billion by 2025, growing at a CAGR of 11.3% during the forecast period 2020-2025. Smart Pills Capsule Endoscopy is a process that involves swallowing of small capsule that is in the size of a large vitamin pill. These are the indigestible medical devices which are compact with wireless camera that takes pictures that aid in the improved detection and tracking. The photos are transformed from the neck to a storage unit worn on a collar for an expert to look at the view. These devices give the gastrointestinal (GI) track a non-invasive, detailed inspection. The Smart Pills also allow for detailed health surveillance of different physiological metrics. The area of GI diagnosis has been revolutionised by the Smart Pill Capsule Endoscopy Market technologies. The traditional methods like as Endoscopy and colonoscopy are expected to replace by the Smart Pill Capsule Endoscopy. These are recognised as the most significant technical advancement in the investigation and treatment of the various small bowel diseases, esophageal diseases, colonic disorders and others.
The Smart Pills Capsule Endoscopy Market is expected to experience a profitable growth for the forecast period 2020-2025 owing to, the rise in number of Gastrointestinal diseases, colorectal cancer, demand for rapid and accurate diagnosis and also with the supportive government initiatives. This offers a painless visualization of GI track images, transmitted through a data logger. Moreover, owing to the introduction of technologically advanced capsules that are Wi-Fi enabled with longer battery life are driving the growth of the Smart Pill Capsule Endoscopy Market.
Smart Pills Capsule Endoscopy Market Report Coverage
The report: “Smart Pills Capsule Endoscopy Market Forecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the Smart Pills Capsule Endoscopy Market.
By Application: Stomach, Esophagus, Small Intestine, Large Intestine.
By Accessory: Workstation & Recorder and Wireless.
By Disease Indication: Small Bowel Disease, Crohn’s Disease, Celiac Disease, Occult GI Bleeding, Neurological Disorders, Inherited Polyposis Syndrome and Other Disease Indication.
By Geography: North America, Asia-Pacific, Europe, Rest of World.
Key Takeaways
- Geographically, North America Smart Pills Capsule Endoscopy Market accounted for the highest revenue share in 2019 and it is poised to dominate during the forecast period 2020-2025 owing to the high demand for Smart Pills Capsule Endoscopy Market in this region.
- Over the coming years, a significant rise is expected in Asia–Pacific, especially in Japan, China and India. The Mandatory Health Insurance, technical innovations and a spike in the incidence of stomach cancer and gastrointestinal disorders are main factors boosting Japan’s demand for Smart Pills.
- Increased number of cases of gastrointestinal diseases and recent developments made by the key players in a different region of the world are driving the market.
- Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Smart Pills Capsule Endoscopy Market report.
- The Smart Pills Capsule Endoscopy process of being non-invasive and causing minimal discomfort and with greater magnification than the traditional method is driving the market during the forecast period 2020-2025.
Smart Pills Capsule Endoscopy Market Segment Analysis - By Application
Application segment analysis of Smart Pills Capsule Endoscopy Market include Stomach, Esophagus, Small Intestine and Large Intestine. The Small Intestine segment registered the highest market share in the year 2019 and is set to be the fastest growing with a CAGR of 13.1% during the forecast period 2020-2025. The increase in the gastrointestinal disorder cases and simple and painless procedure with minimal discomfort and the new technological advancements and innovations in this sector is driving the usage of Smart Pills Capsule Endoscopy in the diagnosis and treatment segment in the forecast period 2020-2025.
Smart Pills Capsule Endoscopy Market Segment Analysis - By Geography
Based on Geography the global Smart Pills Capsule Endoscopy Market is segmented into North America, Europe, Asia-Pacific and Rest of the World. North America had the dominant share of 38.1% in the year 2019 owing to the increased production on Smart Pills Endoscopy. Asia¬–Pacific is set to have the fastest growth during the forecast period 2020-2025, owing to increase in the demand for Smart Pills Capsule Endoscopy. Increasing in the economy of developing countries and increased gastrointestinal disorders and increase in demand for the smart and painless diagnosis and treatment for the gastrointestinal diseases globally is driving the Smart Pills Capsules Endoscopy Market during the forecast period 2020-2025.
Smart Pills Capsules Endoscopy Market Drivers
Increase in gastrointestinal disorders:
The increase in the gastrointestinal disorders and colorectal cancers is owing to increase the demand for the Smart Pills Capsules Endoscopy in the market. Gastrointestinal disorders can be caused by various reasons such as, low fiber diet, less water consumption, inactive lifestyle, genetic factors and many other but there is no proper reasons for colorectal cancer but risk factors can be the family history with such cancers, old age, African–American race, low fiber and high fat diet, inflammatory intestinal conditions and others. These factors causing gastrointestinal disorders and cancers are acting as drivers and supporting the growth of the Smart Pills Capsules Endoscopy Market.
Painless Procedure:
The Smart Pills Capsules Endoscopy is the painless procedure of diagnosing the gastrointestinal disorders. For this technique the patient is given with a large vitamin pill sized capsule to swallow which is wireless and is composed of cameras and sensors. With this the patient can avoid the traditional invasive method surgery and the procedure is with minimal discomfort and is mostly painless and the recovery time is immediate. These features of the Smart Pills Capsules Endoscopy are acting as drivers supporting the growth of the Smart Pills Capsules Endoscopy Market.
Smart Pills Capsules Endoscopy Market Challenges
Though the procedure of endoscopy is easy and painless with the Smart Pills Capsules Endoscopy the limited number of players and limited products been approved by far and only a few are commercially available are hindering the growth of the Smart Pills Capsules Endoscopy Market.
Smart Pills Capsules Endoscopy Market–Industry Outlook:
Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Smart Pills Capsules Endoscopy Market. In 2019, Smart Pills Capsules Endoscopy Market share is fragmented by the top ten players present in the market. Proteus Digital Health, Medtronic PLC, Caspo Vision Inc., Medisafe, Olympus Corporation, GE Healthcare, Medimetrics S.A. de C.V., Bio-Images Research Limited, Novartis AG, Azoi and AdhereTech and others.
Acquisitions/Product Launches
Phillips Healthcare completed its merger of Carestream Health Inc., to extend its diagnostic computing solutions, improve productivity, advanced visualization and analysis, image data processing with the help of Carestream’s cloud-based technology. Phillips has also extended its digital health portfolio by acquiring Medumo, that offers products and patient smart monitoring.
1. Smart Pills Capsules Endoscopy Market - Overview
1.1 Definitions and Scope
2. Smart Pills Capsules Endoscopy Market - Executive Summary
2.1 Market Revenue, Market Size& Key Trends
2.2 Key trends by Application
2.3 Key trends by Accessory
2.4 Key trends by Disease Indication
2.5 Key trends by Geography
3. Smart Pills Capsules Endoscopy Market– Comparative Analysis
3.1 Product Benchmarking – Key Companies
3.2 Financial Analysis – Key Companies
3.3 Market Value Split by Key Companies
3.4 Patent Analysis – Key Companies
3.5 Pricing Analysis
4. Smart Pills Capsules Endoscopy Market- Startup Companies Scenario Premium
4.1 Key Startup Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Venture Capital and Funding Scenario
5. Smart Pills Capsules Endoscopy Market– Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Smart Pills Capsules Endoscopy - Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Smart Pills Capsules Endoscopy Market– Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Smart Pills Capsules Endoscopy Market– By Application (Market Size - $Million/$Billion)
8.1 Stomach
8.2 Esophagus
8.3 Small Intestine
8.4 Large Intestine
9. Smart Pills Capsules Endoscopy Market- By Accessory (Market Size - $Million/$Billion)
9.1 Wireless Capsule
9.2 Workstation & Recorder
10. Smart Pills Capsules Endoscopy Market- By Disease Indication (Market Size - $Million/$Billion)
10.1 Small Bowel Tumors
10.2 Crohn’s Disease
10.3 Celiac Disease
10.4 Occult Disease
10.5 Neurological Disorders
10.6 Inherited Polyposis Syndrome
10.7 Other Disease Indication
11. Smart Pills Capsules Endoscopy Market- By Geography (Market Size - $Million/$Billion)
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 U.K.
11.2.2 Germany
11.2.3 France
11.2.4 Italy
11.2.5 Spain
11.2.6 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 India
11.3.3 Japan
11.3.4 South Korea
11.3.5 Australia & New Zealand
11.3.6 Rest of Asia-Pacific
11.4 Rest of the World
11.4.1 Middle East
11.4.2 Africa
11.4.3 South America
12. Smart Pills Capsules Endoscopy Market- Entropy
13. Smart Pills Capsules Endoscopy Market– Industry/Segment Competition Landscape Premium
13.1 Market Share Analysis
13.1.1 Global Market Share – Key Companies
13.1.2 Market Share by Region – Key companies
13.1.3 Market Share by Countries – Key Companies
13.1.4 Best Practices for Companies
14. Smart Pills Capsules Endoscopy Market– Key Company List by Country Premium Premium
15. Smart Pills Capsules Endoscopy Market Company Analysis
15.1 Proteus Digital Health
15.2 Medtronic PLC
15.3 Caspo Vision Inc
15.4 Medisafe
15.5 Olympus Corporation
15.6 GE Healthcare
15.7 Medimetrics S.A. de C.V.
15.8 Bio-Images Research Limited
15.9 Novartis AG
15.10 Azoi and AdhereTech
"*Financials for private companies would be provided on a best efforts basis”.