The global intelligent pills market is anticipated to grow at a significant CAGR during the forecast period. Intelligent pills are essentially ingestible sensors that are swallowed and can record various physiological measures. They can also be used to confirm that a patient has taken his or her prescribed medication and can measure the effects of the medication. The pivotal factors that are likely to drive the growth of the market includes the growing need for gaining information about patient’s health parameters. Adding to this, the need of effectiveness of medication treatment to make more informed healthcare decisions and optimized therapies are further driving the growth of the global intelligent pills market. Further, the minimally invasive nature of these pills is anticipated to open new market opportunities in the field of healthcare, gastrointestinal diagnosis. These pills can be a potent substitute against invasive procedures such as gastrointestinal colonoscopy or the endoscopy.
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A considerable growth in technological advances related to intelligent pills which include micro-cameras, bioelectronics, availability of microprocessors, miniaturization, and several others are also likely to offer beneficial market opportunities in future years. Furthermore, rise in geriatric population, growing cases of chronic disorders including diabetes, cancer, and others, majorly drive the growth of the global intelligent pills market. In addition, increased R&D investments in developing intelligent pills further boost the market growth. However, stringent government regulations regarding the increased use of these devices and high cost associated with the ingestible sensors are the factors anticipated to restrain the growth of the market.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Application
o By Type
- Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape: Olympus Corp., Medtronic plc, and CapsoVision, Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Intelligent Pills Market Report by Segment
By Application
- Sleeping Disorder
- Capsule Endoscopy
- Stress Management
- Reflux Monitoring
- Others
By Type
- Prescription-Based
o Dexedrine
o Ritalin
o Adderall
o Others
- Non-Prescription Based
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Intelligent Pills Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Olympus Corp.
- Medtronic plc
- CapsoVision, Inc.
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