Smart Pills Technology Market Size, Share, Growth Analysis, By Application(Capsule Endoscopy, Patient Monitoring, Drug Delivery), By Target Area(Esophagus, Stomach, Small Intestine, Large Intestine), By Disease(Crohn’s Disease, Celiac Disease, Inherited Polyposis Syndromes, Small Bowel Tumors), By End User(Hospital & Specialty Clinics, Diagnostic, Research Centers), By Region - Industry Forecast 2024-2031

Global Smart Pills Technology Market size was valued at USD 866.61 billion in 2019 and is poised to grow from USD 944.57 billion in 2023 to USD 7500 billion by 2031, growing at a CAGR of 8.8% in the forecast period (2024-2031).

Smart pills are small digital devices described as having a capsule-like shape and design and possessing highly developed capabilities including sensing, imaging, and medicine delivery. These capsules, which may include a biosensor, an image sensor, a pH sensor, or a chemical sensor, travel down the gastrointestinal tract after being eaten to get pictures that would be otherwise challenging to obtain. Another feature of smart pills is a tiny wearable sensor patch that connects to a provider portal and an app on a mobile device. These non-invasive tools can take the place of traditional diagnostic methods like endoscopy and have transformed the way that cancer and gastrointestinal illnesses are diagnosed.

The development of digital health technologies has long focused on improving medication adherence. One such example is the use of smart pills to identify gastrointestinal conditions including gastroparesis and constipation. This technique consists of a wireless capsule that analyses and organises the data, computer software, and a receiver worn by the patient. The system's main purpose is to record the patient's pharmaceutical regimen together with data on other factors including pressure, temperature, and stomach pH. The pill is powered by batteries, and the pill transmits signals back to it using the power of stomach juices. The data contains crucial details including the patient's pulse rate, body temperature, and digesting time. The information is transferred to a mobile application that doctors use to monitor and diagnose patients with great flexibility.

US Smart Pills Technology Market is poised to grow at a sustainable CAGR for the next forecast year.