Smart Pills Patient Monitoring Market Analysis

Application (Capsule Endoscopy, Patient Monitoring, and Drug Delivery)

The global smart pills patient monitoring market is segmented and analyzed for demand and supply by application into capsule endoscopy, patient monitoring, and drug delivery. Out of these three types of segments, the capsule endoscopy segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the rising traction for non-invasive procedures among people, followed by the radical boost in cases of gastrointestinal disorders such as irritable bowel syndrome, peptic ulcers, and so on throughout the world. For instance, around 5 million people worldwide suffer from peptic ulcer disease each year, with a lifelong prevalence in the general population of nearly 6–12%. Moreover, surging concern in people regarding digestive health is another significant factor that is projected to hike the segment growth over the forecast period.

Target Area (Esophagus, Stomach, Small Intestine, and Large Intestine)

The global smart pills patient monitoring market is also segmented and analyzed for demand and supply by target area into esophagus, stomach, small intestine, and large intestine. Amongst these four segments, the small intestine segment is expected to garner a significant share. The growth of the segment can be attributed to the dynamically growing ratio of small intestine diseases such as celiac disease, small bowel tumors, Crohn’s disease, and so on. For instance, according to a research study in the year 2020, the worldwide frequency of celiac disease has surged by around 7.8% each year on average over the last several years, with ladies and children being the most affected. Based on serologic tests, it has been estimated that nearly 1.6% of the world's population has celiac disease, with prevalence rates of around 0.3% in South America, 0.4% in Africa and North America, 0.6% in Asia, and 0.9% in Europe and Oceania. On the other hand, the stomach segment is projected to witness a notable CAGR during the forecast period. Smart pills aid in monitoring the passage of food through the digestive tract. Furthermore, ongoing research and development in the field of smart pill monitoring are some significant factors that are anticipated to expand the growth of the segment in the coming years.

Our in-depth analysis of the global market includes the following segments: