Global Ingestible Smart Pills Market to Witness Impressive Growth, Revenue to Surge to USD 991.58 Million by 2032

According to a report from Zion Market Research, the global Ingestible Smart Pills Market was valued at USD 612.43 Million in 2023 and is projected to hit USD 991.58 Million by 2032, with a compound annual growth rate (CAGR) of 5.5% during the forecast period 2024-2032.  

The report covers forecast and analysis for the Ingestible Smart Pills market on a global and regional level. The study provides historical data from 2016 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Million). The study includes drivers and restraints for the Ingestible Smart Pills market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Ingestible Smart Pills market on a global level.   

In order to give the users of this report a comprehensive view of the Ingestible Smart Pills market, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the Ingestible Smart Pills market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the Ingestible Smart Pills market by segmenting the market based on component, application and end users. All the segments have been analyzed based on present and future trends and the market is estimated from 2016 to 2028. On the basis of component, Smart Pills and Workstation. On the basis of application, the market has been segmented into Imaging and Monitoring. Based on application, the market has been segmented into Hospitals, Clinics, Research Institute, and Home Healthcare. The regional segmentation includes the current and forecasted demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Each region has been further segmented into 18 countries such as the U.S., Canada, Mexico, the U.K., France, Germany, Russia, Poland, Ukraine, China, India, Japan, South Korea, ASEAN, Brazil, Argentina, GCC, South Africa, and others.   

North America is anticipated to remain the leading region over the forecast period. Gastrointestinal diseases affect around 60 to 70 million Americans annually. Spending on gastrointestinal diseases in the U.S. has been estimated at $142 Million per year in direct and indirect costs.  Asia Pacific is expected to be the fastest growing region in ingestible smart pills market during the forecast period reasons being large geriatric population and increasing investment/expansion by companies.

The major players operating in the Ingestible Smart Pills market are Body-Cap Medical, CapsoVision, Inc., Check-Cap Ltd, Chongqing Jinshan Science and Component (Group) Co., Ltd., Given Imaging Ltd., IntroMedic Co., Ltd., Medimetrics, Olympus Corporation, Philips Respironics, Proteus Digital Health, Inc.

Browse the full “Ingestible Smart Pills Market By Component (Smart Pills, Workstation), By Application (Imaging, and Monitoring), By End Users (Hospitals, Clinics, Research Institute, and Home Healthcare): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/ingestible-smart-pills-market

The global Ingestible Smart Pills market is segmented as follows:    

By Component    

• Smart Pills
  • Patient Monitoring
  • Capsule Endoscopy
    • Small Bowel Endoscopy
    • Esophagus Endoscopy
    • Colon Endoscopy
• Workstation

By Application  

• Imaging
• Monitoring

By End Users

• Hospitals
• Clinics
• Research Institute
• Home Healthcare

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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