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Smart Pills Market by Application and Geography - Global Forecast and Analysis 2019-2023 - Product Image

Smart Pills Market by Application and Geography - Global Forecast and Analysis 2019-2023

  • ID: 4832521
  • Report
  • August 2019
  • Region: Global
  • 135 pages
  • TechNavio
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FEATURED COMPANIES

  • CapsoVision Inc.
  • Intromedic Co. Ltd.
  • Medtronic Plc
  • Olympus Corp.
  • Otsuka Holdings Co. Ltd.
  • MORE
Global Smart Pills Market: About this market

The smart pills market analysis considers sales from both diagnostics and drug therapies. Our analysis also considers the sales of smart pills in Asia, Europe, North America, and ROW. In 2018, the diagnostics segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as technological advancement in capsule endoscopy will play a significant role in the diagnostics segment to maintain its market position. Also, our global smart pills market report looks at factors such as the increasing prevalence of chronic conditions, product launches and growing demand for non-invasive procedures and increasing medication adherence. However, high costs associated with smart pills procedures, stringent regulations on smart pills manufacturing and usage, and lack of skilled professionals and ethical concerns may hamper the growth of the smart pills industry over the forecast period.

Global Smart Pills Market: Overview

Growing demand for non-invasive procedures and increasing medication adherence

The demands for non-invasive diagnostic procedures is increasing, owing to their ease of operation, fewer side-effects, and minimum discomfort. Smart pill endoscopy device is likely to replace conventional diagnostic technique such as endoscopy and colonoscopy. Smart pills are unique devices that can be easily swallowed and offer a non-invasive examination of the GI tract. These pills enable health monitoring of various psychological metrics and measuring of medication adherence in patients. This will lead to the expansion of the global smart pills market at a CAGR of over 10% during the forecast period.

Technological advancements in smart pills

Regular advances in technology and the emergence of digital medicine have expanded the therapeutic applications of medical devices. Smart pills are a combination of drug and device technology. A smart pill is an innovative method of drug delivery, which involves the use of sensors and cameras embedded into tiny edible devices. Such medical devices ensure better diagnostics, monitoring, and treatment of life-threatening medical conditions by allowing doctors to monitor their patients’ body functions in real-time. Thus, advances in technology, such as software up-gradation and innovative systems, and the integration of microchips with smart pills, are expected to have a positive impact on the overall market growth.

Competitive Landscape

With the presence of several major players, the global smart pills market is moderately fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart pills manufacturers, that include CapsoVision Inc., Chongqing Jinshan Science & Technology (Group) Co. Ltd., Intromedic Co. Ltd., Medtronic Plc, Olympus Corp., Otsuka Holdings Co. Ltd.

Also, the smart pills market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • CapsoVision Inc.
  • Intromedic Co. Ltd.
  • Medtronic Plc
  • Olympus Corp.
  • Otsuka Holdings Co. Ltd.
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
  • Market segmentation by application
  • Comparison by application
  • Diagnostics - Market size and forecast 2018-2023
  • Drug therapy - Market size and forecast 2018-2023
  • Market opportunity by application
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • Asia - Market size and forecast 2018-2023
  • ROW - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Business strategies
  • Research and funding for smart pills
  • Technological advancements in smart pills
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • CapsoVision Inc.
  • Chongqing Jinshan Science & Technology (Group) Co. Ltd.
  • Intromedic Co. Ltd.
  • Medtronic Plc
  • Olympus Corp.
  • Otsuka Holdings Co. Ltd.
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
List of Exhibits:
Exhibit 01: Product overview
Exhibit 02: Global medical devices market
Exhibit 03: Segments of global medical devices market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Application - Market share 2018-2023 (%)
Exhibit 19: Comparison by application
Exhibit 20: Diagnostics - Market size and forecast 2018-2023 ($ millions)
Exhibit 21: Diagnostics - Year-over-year growth 2019-2023 (%)
Exhibit 22: Drug therapy - Market size and forecast 2018-2023 ($ millions)
Exhibit 23: Drug therapy - Year-over-year growth 2019-2023 (%)
Exhibit 24: Market opportunity by application
Exhibit 25: Customer landscape
Exhibit 26: Market share by geography 2018-2023 (%)
Exhibit 27: Geographic comparison
Exhibit 28: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 29: North America - Year-over-year growth 2019-2023 (%)
Exhibit 30: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 31: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 32: Asia - Market size and forecast 2018-2023 ($ millions)
Exhibit 33: Asia - Year-over-year growth 2019-2023 (%)
Exhibit 34: ROW - Market size and forecast 2018-2023 ($ millions)
Exhibit 35: ROW - Year-over-year growth 2019-2023 (%)
Exhibit 36: Key leading countries
Exhibit 37: Market opportunity
Exhibit 38: Impact of drivers and challenges
Exhibit 39: Vendor landscape
Exhibit 40: Landscape disruption
Exhibit 41: Vendors covered
Exhibit 42: Vendor classification
Exhibit 43: Market positioning of vendors
Exhibit 44: CapsoVision Inc. - Vendor overview
Exhibit 45: CapsoVision Inc. - Organizational developments
Exhibit 46: CapsoVision Inc. - Key offerings
Exhibit 47: CapsoVision Inc. - Key customers
Exhibit 48: Chongqing Jinshan Science & Technology (Group) Co. Ltd. - Vendor overview
Exhibit 49: Chongqing Jinshan Science & Technology (Group) Co. Ltd. - Organizational developments
Exhibit 50: Chongqing Jinshan Science & Technology (Group) Co. Ltd. - Key offerings
Exhibit 51: Chongqing Jinshan Science & Technology (Group) Co. Ltd. - Key customers
Exhibit 52: Intromedic Co. Ltd. - Vendor overview
Exhibit 53: Intromedic Co. Ltd. - Business segments
Exhibit 54: Intromedic Co. Ltd. - Organizational developments
Exhibit 55: Intromedic Co. Ltd. - Key offerings
Exhibit 56: Intromedic Co. Ltd. - Key customers
Exhibit 57: Medtronic Plc - Vendor overview
Exhibit 58: Medtronic Plc - Business segments
Exhibit 59: Medtronic Plc - Organizational developments
Exhibit 60: Medtronic Plc - Geographic focus
Exhibit 61: Medtronic Plc - Segment focus
Exhibit 62: Medtronic Plc - Key offerings
Exhibit 63: Medtronic Plc - Key customers
Exhibit 64: Olympus Corp. - Vendor overview
Exhibit 65: Olympus Corp. - Business segments
Exhibit 66: Olympus Corp. - Organizational developments
Exhibit 67: Olympus Corp. - Geographic focus
Exhibit 68: Olympus Corp. - Segment focus
Exhibit 69: Olympus Corp. - Key offerings
Exhibit 70: Olympus Corp. - Key customers
Exhibit 71: Otsuka Holdings Co. Ltd. - Vendor overview
Exhibit 72: Otsuka Holdings Co. Ltd. - Business segments
Exhibit 73: Otsuka Holdings Co. Ltd. - Organizational developments
Exhibit 74: Otsuka Holdings Co. Ltd. - Geographic focus
Exhibit 75: Otsuka Holdings Co. Ltd. - Segment focus
Exhibit 76: Otsuka Holdings Co. Ltd. - Key offerings
Exhibit 77: Otsuka Holdings Co. Ltd. - Key customers
Exhibit 78: Validation techniques employed for market sizing
Exhibit 79: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • CapsoVision Inc.
  • Intromedic Co. Ltd.
  • Medtronic Plc
  • Olympus Corp.
  • Otsuka Holdings Co. Ltd.
  • MORE
The following companies are recognised as the key players in the global smart pills market: CapsoVision Inc., Chongqing Jinshan Science & Technology (Group) Co. Ltd., Intromedic Co. Ltd., Medtronic Plc, Olympus Corp., Otsuka Holdings Co. Ltd.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the “technological advancements in smart pills.”

According to the report, one of the major drivers for this market is the growing demand for non-invasive procedures and increasing medication adherence.

Further, the report states that one of the major factors hindering the growth of this market is the high costs associated with smart pills procedures.

The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • CapsoVision Inc.
  • Chongqing Jinshan Science & Technology (Group) Co. Ltd.
  • Intromedic Co. Ltd.
  • Medtronic Plc
  • Olympus Corp.
  • Otsuka Holdings Co. Ltd.
Note: Product cover images may vary from those shown
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