Intelligent Pills Market Overview

The global Intelligent Pills Market Size is expected to grow at a CAGR of 8.6 % during the forecast periodof 2022-2030. The Market is estimated to grow rapidly during the forecast period. The major factor influencing the growth of the market include increasing geriatric population. According to the U.S. Population Reference Bureau the number of people with age group of 65 years and older, will grow to 98 million by 2060. Thus the increasing geriatric population will enhance the growth of global market. Consumption of intelligent pills will be mostly by geriatric population and paralytic patients. Other factors driving the market are: increasing number of gastrointestinal disorders, stomach cancer, paralysis and infectious diseases. Capsule endoscopy is its most commonly used application to capture images of gastrointestinal tract.However, the high risk of bowel obstruction and capsule retention is likely to hinder the growth of global intelligent pills market.

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The change in treatment processes is expected to create momentum for the development of the market in the forecast period. Moreover, the augmented use of monitoring for treatment is expected to further enhance the market for intelligent pills in the upcoming period. The improvement in the production process of drugs is expected to further invigorate the market for intelligent pills in the upcoming period.

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Segmentation

The segmental study of the intelligent pills market is conducted on the basis of applications, end-user, prescription and regions. On the basis of applications, the intelligent pills market is segmented into capsule endoscopy, sleeping disorders, reflux monitoring, stress management, mobility monitoring, and others. Based on the prescription, the intelligent pills market comprises of prescription smart drugs which include Dexedrine, Ritalin, Adderall and non-prescription based. On the basis of end-users, the intelligent pills market consists of hospitals, clinics, home care and others. Based on the regions, the intelligent pills market consists of Africa, North America, Europe, Asia Pacific and the Middle East.

 Market Players

• CapsoVision Inc. (US)
• Given Imaging Ltd. (Israle)
• Medimetrics (Mexico)
• (Bio-Images Drug Delivery) BDD LTD (UK)
• Proteus Digital Health (US)
• Others

 Regional Analysis

• Intelligent Pill market is dominated by America due to increasing geriatric population and rising genetic disorders. America is segmented into North America (U.S. and Canada) and South America (Brazil, Argentina and Peru). North America comprises of 80% of the total land of America and therefore it is largest market for Intelligent Pill.  Additionally, easy access to advanced technology, reimbursement policies, and approval of innovative molecules and devices are estimated to promote market growth in North America.
• The Asia Pacific region is expected to observe the fastest growth during the forecast period. Rising research and development expenditure and, the presence of the emerging countries like India and China within the region fuels the market.
• Europe is the second largest market for Intelligent Pills. Increasing government funds in research and development is the major factor for the market growth within the region. Extensive use of advanced technology also promotes the market growth

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