South & Central America Smart Pills Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Application (Capsule Endoscopy, Drug Delivery, and Patient Monitoring), Disease Indication (Gastrointestinal Diseases, Neurological Disorders, Cancer, Inherited Disorders, and Other Disease Indications), and End User (Hospitals and Clinics, Research Institutes, and Home Healthcare)
The South & Central America smart pills market is expected to reach US$ 322.58 million by 2028 from US$ 170.82 million in 2021. The market is estimated to grow at a CAGR of 9.5% from 2021 to 2028.
The miniaturization of electronic components has been pivotal to smart pill design. As cloud computing and wireless communication programs are combined into the healthcare system, the use of smart pills to monitor vital signs and medication compliance is likely to increase. In the future, smart pills are anticipated to be an integral component of remote patient monitoring and telemedicine. Smart pills will become mainstream devices as the demand for noninvasive point-of-care testing increases. Developments in battery technology (providing longer life) and onboard memory make them useful for long-term sensing from within the body. This type of multi-dimensional performance cannot be achieved with traditional oral drug forms. Smart pills have transformed the diagnosis of gastrointestinal disorders and are expected to replace conventional diagnostic techniques, such as endoscopy. Smart pills are also used to deliver insulin, which is customized to the patient’s current blood sugar level and delivered on demand. Increased research and development activities in this field are anticipated to drive the smart pill market. In 2019, the Massachusetts Institute of Technology (MIT) researchers developed a smart pill called SOMA—a self-orienting millimeter-scale applicator—containing the same type of insulin used in conventional kits. The pill consists of a capsule and a tiny needle made from freeze-dried insulin.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the smart pills market. The South & Central America smart pills market is expected to grow at a good CAGR during the forecast period.
South & Central America Smart Pills Market Revenue and Forecast to 2028 (US$ Million)
South & Central America Smart Pills Market Segmentation
The South & Central America smart pills market is segmented based on application, disease indication, and end user. Based on application, the market is segmented into capsule endoscopy, drug delivery, and patient monitoring. The capsule endoscopy segment is sub segmented into small bowel video capsule endoscopy, colon capsule endoscopy, controllable capsule endoscopy, storable capsule endoscopy, and other capsule endoscopy. Based on disease indication, the market is segmented into gastrointestinal diseases, neurological disorders, cancer, inherited disorders, and other disease indications. Based on end user, the market is segmented into hospitals and clinics, research institutes, and home healthcare. By Country, the South & Central America smart pills market is segmented into Brazil, Argentina, and the Rest of South & Central America.
South & Central America Smart Pills Market – Companies Mentioned
Medtronic; PENTAX Medical; Olympus Corporation; and Otsuka Holdings Co., Ltd. are among the leading companies in the South & Central America smart pills market.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 South and Central America Smart Pills Market – By Application
1.3.2 South and Central America Smart Pills Market – By Disease Indication
1.3.3 South and Central America Smart Pills Market – By End User
1.3.4 South and Central America Smart Pills Market – By Country
2. South and Central America Smart Pills Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South and Central America Smart Pills Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 South & Central America – PEST Analysis
4.3 Expert Opinion
5. South and Central America Smart Pills Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Minimally Invasive Surgical Procedures
5.1.2 Increase in Strategic Collaborations & Partnerships On Smart Pills
5.2 Market Restraints
5.2.1 High Cost of Smart Pill
5.3 Market Opportunities
5.3.1 Increasing Demand for Drug Delivery System
5.4 Future Trends
5.4.1 Remote Patient Monitoring Through Smart Pills
6. South and Central America Smart Pills Market – Country Analysis
6.1 South and Central America Smart Pills Market Revenue Forecast and Analysis
6.1.1 South and Central America Smart Pills Market, By Disease Indication– Revenue and Forecast to 2028 (USD Million)
7. South and Central America Smart Pills Market Analysis – By Application
7.1 Overview
7.2 South and Central America Smart Pills Market, By Application, 2021 & 2028 (%)
7.2.1 South and Central America Smart Pills Market, By Application– Revenue and Forecast to 2028 (USD Million)
7.2.1.1 South and Central America Smart Pills Market, By Capsule Endoscopy – Revenue and Forecast to 2028 (USD Million)
7.3 Capsule Endoscopy
7.3.1 Overview
7.3.2 Capsule Endoscopy: South and Central America Smart Pills Market Revenue and Forecasts to 2028 (US$ Million)
7.3.3 Small Bowel Video Capsule Endoscopy
7.3.3.1 Overview
7.3.3.2 Small Bowel Video Capsule Endoscopy: South and Central America Smart Pills Market Revenue and Forecasts to 2028 (US$ Million)
7.3.4 Colon Capsule Endoscopy
7.3.4.1 Overview
7.3.4.2 Colon Capsule Endoscopy: South and Central America Smart Pills Market Revenue and Forecasts to 2028 (US$ Million)
7.3.5 Controllable Capsule Endoscopy
7.3.5.1 Overview
7.3.5.2 Controllable Capsule Endoscopy: South and Central America Smart Pills Market Revenue and Forecasts to 2028 (US$ Million)
7.3.6 Storable Capsule Endoscopy
7.3.6.1 Overview
7.3.6.2 Storable Capsule Endoscope: South and Central America Smart Pills Market Revenue and Forecasts to 2028 (US$ Million)
7.3.7 Other Capsule Endoscopy
7.3.7.1 Overview
7.3.7.2 Other Capsule Endoscopy: South and Central America Smart Pills Market Revenue and Forecasts to 2028 (US$ Million)
7.4 Drug Delivery
7.4.1 Overview
7.4.2 Drug Delivery: South and Central America Smart Pills Market Revenue and Forecasts to 2028 (US$ Million)
7.5 Patient Monitoring
7.5.1 Overview
7.5.2 Patient Monitoring: South and Central America Smart Pills Market Revenue and Forecasts to 2028 (US$ Million)
8. South and Central America Smart Pills Market Revenue and Forecasts To 2028 – Disease Indication
8.1 Overview
8.2 South and Central America Smart Pills Market Share by Disease Indication - 2021 & 2028 (%)
8.2.1 South and Central America Smart Pills Market, By Disease Indication– Revenue and Forecast to 2028 (USD Million)
8.3 Gastrointestinal Diseases
8.3.1 Overview
8.3.2 Gastrointestinal Diseases: South and Central America Smart Pills Market Revenue and Forecast to 2028 (US$ Million)
8.4 Neurological Disorders
8.4.1 Overview
8.4.2 Neurological Disorders: South and Central America Smart Pills Market Revenue and Forecast to 2028 (US$ Million)
8.5 Cancer
8.5.1 Overview
8.5.2 Cancer: South and Central America Smart Pills Market Revenue and Forecast to 2028 (US$ Million)
8.6 Inherited Disorders
8.6.1 Overview
8.6.2 Inherited Disorders: South and Central America Smart Pills Market Revenue and Forecast to 2028 (US$ Million)
8.7 Other Disease Indications
8.7.1 Overview
8.7.2 Other Disease Indications: South and Central America Smart Pills Market Revenue and Forecast to 2028 (US$ Million)
9. South and Central America Smart Pills Market Revenue and Forecasts To 2028 – End User
9.1 Overview
9.2 South and Central America Smart Pills Market Share by End User - 2021 & 2028 (%)
9.2.1 South and Central America: South and Central America Smart Pills Market, by End User, 2019–2028 (USD Million)
9.3 Hospitals and Clinics
9.3.1 Overview
9.3.2 Hospitals and Clinics: South and Central America Smart Pills Market Revenue and Forecast to 2028 (US$ Million)
9.4 Research Institutes
9.4.1 Overview
9.4.2 Research Institutes: South and Central America Smart Pills Market Revenue and Forecast to 2028 (US$ Million)
9.5 Home Healthcare
9.5.1 Overview
9.5.2 Home Healthcare: South and Central America Smart Pills Market Revenue and Forecast to 2028 (US$ Million)
10. South and Central America Smart Pills Market – Regional Analysis
10.1 South and Central America Smart Pills Market Revenue and Forecasts To 2028
10.1.1 Overview
10.1.2 South and Central America: South and Central America Smart Pills Market Share by Country – 2021 & 2028, (%)
10.1.2.1 Brazil: South and Central America Smart Pills Market- Revenue and Forecasts To 2028 (USD Million)
10.1.2.1.1 Overview
10.1.2.1.2 Brazil: South and Central America Smart Pills Market- Revenue and Forecasts To 2028 (USD Million)
10.1.2.1.3 Brazil South and Central America Smart Pills Market, By Application– Revenue and Forecast to 2028 (USD Million)
10.1.2.1.3.1 Brazil South and Central America Smart Pills Market, By Application– Revenue and Forecast to 2028 (USD Million)
10.1.2.1.4 Brazil South and Central America Smart Pills Market, By Disease Indication– Revenue and Forecast to 2028 (USD Million)
10.1.2.1.5 Brazil South and Central America Smart Pills Market, By End User – Revenue and Forecast to 2028 (USD Million)
10.1.2.2 Argentina: South and Central America Smart Pills Market- Revenue and Forecasts To 2028 (USD Million)
10.1.2.2.1 Overview
10.1.2.2.2 Argentina: South and Central America Smart Pills Market- Revenue and Forecasts To 2028 (USD Million)
10.1.2.2.3 Argentina South and Central America Smart Pills Market, By Application– Revenue and Forecast to 2028 (USD Million)
10.1.2.2.3.1 Argentina South and Central America Smart Pills Market, By Capsule Endoscopy – Revenue and Forecast to 2028 (USD Million)
10.1.2.2.4 Argentina South and Central America Smart Pills Market, By Disease Indication – Revenue and Forecast to 2028 (USD Million)
10.1.2.2.5 Argentina South and Central America Smart Pills Market, By End User – Revenue and Forecast to 2028 (USD Million)
10.1.2.3 Rest of South and Central America: South and Central America Smart Pills Market - Revenue and Forecast to 2028 (USD Million)
10.1.2.3.1 Overview
10.1.2.3.2 Rest of South and Central America: South and Central America Smart Pills Market - Revenue and Forecast to 2028 (USD Million)
10.1.2.3.3 Rest of South and Central America Smart Pills Market, By Application– Revenue and Forecast to 2028 (USD Million)
10.1.2.3.3.1 Rest of South and Central America Smart Pills Market, By Capsule Endoscopy – Revenue and Forecast to 2028 (USD Million)
10.1.2.3.4 Rest of South and Central America Smart Pills Market, By Disease Indication – Revenue and Forecast to 2028 (USD Million)
10.1.2.3.5 Rest of South and Central America Smart Pills Market, By End User – Revenue and Forecast to 2028 (USD Million)
11. South and Central America Smart Pills Market–Industry Landscape
11.1 Overview
11.2 Growth Strategies in the South and Central America Smart Pills Market, 2021-2028
11.3 Inorganic Growth Strategies
11.3.1 Overview
11.4 Organic Growth Strategies
11.4.1 Overview
12. Company Profiles
12.1 Medtronic
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 PENTAX Medical
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Olympus Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Otsuka Holdings Co., Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. South and Central America Smart Pills Market, By Disease Indication– Revenue and Forecast to 2028 (USD Million)
Table 2. South and Central America Smart Pills Market, By Application– Revenue and Forecast to 2028 (USD Million)
Table 3. South and Central America Smart Pills Market, By Capsule Endoscopy – Revenue and Forecast to 2028 (USD Million)
Table 4. South and Central America Smart Pills Market, By Disease Indication– Revenue and Forecast to 2028 (USD Million)
Table 5. South and Central America Smart Pills Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 6. Brazil South and Central America Smart Pills Market, By Application– Revenue and Forecast to 2028 (USD Million)
Table 7. Brazil South and Central America Smart Pills Market, By Application– Revenue and Forecast to 2028 (USD Million)
Table 8. Brazil South and Central America Smart Pills Market, By Disease Indication– Revenue and Forecast to 2028 (USD Million)
Table 9. Brazil South and Central America Smart Pills Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 10. Argentina South and Central America Smart Pills Market, By Application– Revenue and Forecast to 2028 (USD Million)
Table 11. Argentina South and Central America Smart Pills Market, By Capsule Endoscopy – Revenue and Forecast to 2028 (USD Million)
Table 12. Argentina South and Central America Smart Pills Market, By Disease Indication – Revenue and Forecast to 2028 (USD Million)
Table 13. Argentina South and Central America Smart Pills Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 14. Rest of South and Central America Smart Pills Market, By Application– Revenue and Forecast to 2028 (USD Million)
Table 15. Rest of South and Central America Smart Pills Market, By Capsule Endoscopy – Revenue and Forecast to 2028 (USD Million)
Table 16. Rest of South and Central America Smart Pills Market, By Disease Indication Revenue and Forecast to 2028 (USD Million)
Table 17. Rest of South and Central America Smart Pills Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 18. Recent Inorganic Growth Strategies in the South and Central America Smart Pills Market
Table 19. Recent Organic Growth Strategies in the South and Central America Smart Pills Market
Table 20. Glossary of Terms, South and Central America Smart Pills Market
LIST OF FIGURES
Figure 1. South and Central America Smart Pills Market Segmentation
Figure 2. South and Central America Smart Pills Market Overview
Figure 3. Capsule Endoscopy Segment Held Largest Share by Application in South and Central America Smart Pills Market
Figure 4. Brazil Is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. South & Central America: PEST Analysis
Figure 6. South and Central America Smart Pill Market Impact Analysis of Drivers and Restraints
Figure 7. South and Central America Smart Pills Market – Revenue Forecast and Analysis – 2021- 2028
Figure 8. South and Central America Smart Pills Market, by Application, 2021 & 2028 (%)
Figure 9. Capsule Endoscopy: South and Central America Smart Pills Market Revenue and Forecasts to 2028 (US$ Million)
Figure 10. Small Bowel Video Capsule Endoscopy: South and Central America Smart Pills Market Revenue and Forecasts to 2028 (US$ Million)
Figure 11. Colon Capsule Endoscopy: South and Central America Smart Pills Market Revenue and Forecasts to 2028 (US$ Million)
Figure 12. Controllable Capsule Endoscopy: South and Central America Smart Pills Market Revenue and Forecasts to 2028 (US$ Million)
Figure 13. Storable Capsule Endoscope: South and Central America Smart Pills Market Revenue and Forecasts to 2028 (US$ Million)
Figure 14. Other Capsule Endoscopy: South and Central America Smart Pills Market Revenue and Forecasts to 2028 (US$ Million)
Figure 15. Drug Delivery: South and Central America Smart Pills Market Revenue and Forecasts to 2028 (US$ Million)
Figure 16. Patient Monitoring: South and Central America Smart Pills Market Revenue and Forecasts to 2028 (US$ Million)
Figure 17. South and Central America Smart Pills Market Share by Disease Indication - 2021 & 2028 (%)
Figure 18. Gastrointestinal Diseases: South and Central America Smart Pills Market Revenue and Forecasts To 2028 (US$ Million)
Figure 19. Neurological Disorders: South and Central America Smart Pills Market Revenue and Forecasts To 2028 (US$ Million)
Figure 20. Cancer: South and Central America Smart Pills Market Revenue and Forecasts To 2028 (US$ Million)
Figure 21. Inherited Disorders: South and Central America Smart Pills Market Revenue and Forecasts To 2028 (US$ Million)
Figure 22. Other Disease Indications: South and Central America Smart Pills Market Revenue and Forecasts To 2028 (US$ Million)
Figure 23. South and Central America Smart Pills Market Share by End User - 2021 & 2028 (%)
Figure 24. Hospitals and Clinics: South and Central America Smart Pills Market Revenue and Forecasts To 2028 (US$ Million)
Figure 25. Research Institutes: South and Central America Smart Pills Market Revenue and Forecasts To 2028 (US$ Million)
Figure 26. Home Healthcare: South and Central America Smart Pills Market Revenue and Forecasts To 2028 (US$ Million)
Figure 27. South and Central America: South and Central America Smart Pills Market, By Key Country – Revenue (2021) (USD Million)
Figure 28. South and Central America: South and Central America Smart Pills Market Share by Country – 2021 & 2028, (%)
Figure 29. Brazil: South and Central America Smart Pills Market- Revenue and Forecasts To 2028 (USD Million)
Figure 30. Argentina: South and Central America Smart Pills Market- Revenue and Forecasts To 2028 (USD Million)
Figure 31. Rest of South and Central America: South and Central America Smart Pills Market - Revenue and Forecast to 2028 (USD Million)
Figure 32. Growth Strategies in the South and Central America Smart Pills Market, 2021-2028.
- Medtronic
- PENTAX Medical
- Olympus Corporation
- Otsuka Holdings Co., Ltd
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South and Central America Smart Pills Market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- - The key findings and recommendations highlight crucial progressive industry trends in South and Central America Smart Pills Market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth South and Central America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.