Smart Pills, also known as ingestible digital pills, are pharmaceutical dosage forms with small, embedded medical electronic devices such as sensors, cameras, or trackers. These pills are easy-to-swallow and can provide a complete evaluation of the gastrointestinal tract. Smart Pills are a revolutionary technological innovation that has reduced the gap between healthcare and digital technology.

The Smart Pill market has a huge market opportunity in gastrointestinal monitoring and diagnosis techniques. The rising prevalence of gastrointestinal diseases is acting as the major driver in the market; changing lifestyle-related syndromes and disorders will further boost this market growth. Additionally, the rising disposable income to use innovative technologies in the market will further help the penetration of Smart Pills technology in both developed and developing countries.

In 2016, the Smart Pills market was $1.24 billion; it is expected to reach $4.45 billion by end of 2026, at a CAGR of 13.63 percent. The Smart Pills market is primarily driven by the benefits offered by its digital technology, such as technological advancements in endoscopy procedures, targeted drug delivery, reduced expenses from wasted medications, and faster recovery times from greater adherence to treatment regimens. Smart Pills have been proposed for use in susceptible patient groups and easy remote patient monitoring. Furthermore, market growth is expected to be boosted by the increased adoption of minimally invasive surgeries among patients, government reimbursements in several countries, collaborations between research institutions and companies, licensing agreements and partnerships amongst companies, and augmented R&D investments in Smart Pills.

Olympus Corporation is the most active assignee in the year 2017. Most of the patents assigned to Olympus Corporation during the year 2017 focus on the device or system of Smart Pills. The assignee has priority filing in Japan in this year.

The top priority country observed is Japan with a filing of 704 patents, which indicates most innovations are originating in Japan. Second top priority country is USA. Interestingly, countries like Canada, France, Italy are also active in the domain. It has been observed that Smart Pills are mainly used for the detection/diagnosis of gastrointestinal disorders. However, drug delivery, sampling and disease treatment are also covered in the domain.

The market for Smart Pills is dominated by a limited number of well-known market players. Since it is a new technology, a limited number of products has been approved so far, and even fewer are available commercially.

The market for Smart Pills is dominated by a limited number of well-known market players. Since it is a new technology, a limited number of products has been approved so far, and even fewer are available commercially.

The report segments the Smart Pills technology market on the basis of application, target area, end user, and geography. On the basis of applications, the market has been classified into capsule endoscopy, drug delivery, and patient monitoring. It also provides comprehensive clinical trial and product analysis of the market. Competitive landscape and company profiles of leading players such as Proteus Digital Health, CapsoVision, Inc., Given Imaging, Inc., Olympus Corporation, and IntroMedic have also been provided in the report.

Key Questions Answered by the Report:

• Smart Pills Market by Value; 2015-2026
• Smart Pills Market by Application; 2015-2026
• Smart Pills Market by Target Area; 2026
• Smart Pills Market by End-User; 2026
• Smart Pills Market by Regions; 2015-2026
• North America Smart Pills Market by Value; 2015-2026
• Europe Smart Pills Market by Value; 2015-2026
• Clinical Trial Analysis of Smart Pills
• Comprehensive Product Analysis of Smart Pills
• Competitive Landscape of Key Players; 2018
• Overall Patent Trend in Smart Pills Market
• Smart Pills Patent Trend by Countries
• Patent Trends by Type of Sensor for Smart Pills
• Patent Trends by Applications of Smart Pills
• Patent Trends by Number of Cameras in Smart Pills
• Patent Trends by Ecosystem for Smart Pills
• Main Patent Focus in Smart Pills Market
• Smart Pills Patent Trend by Key Players
• Key Player’s Year Wise Patent Filing in Smart Pills Market
• Key Player’s Patents by Focus Area in Smart Pills Market
• Key Players Patents by Type of Sensor
• Key Players Patents by Applications
• Key Smart Pills Design Patents
• Key Patents in Smart Pills Market
• Top Inventors in Smart Pills Market
• Top Active Inventors Associated with the Key Players
• Key Partnerships in Smart Pills Market
• Detailed analysis of growth drivers, challenges and trends in Smart Pills market.
• Detailed company profiling of key market players: Proteus Digital Health, CapsoVision, Inc., Given Imaging, Inc., Olympus Corporation, and IntroMedic.