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Latin America Smart Pill Technologies Market Analysis – By Application & Country (Mexico, Brazil, Argentina, Chile & Rest of Latin America) - Industry Analysis on Size, Share, Trends, Forecast, Growth | 2022 to 2027

Published: January, 2022
ID: 1604
Pages: 145

Latin America Smart Pill Technologies Market Size & Growth (2022 to 2027):

The Latin America Smart Pill Technologies Market size is valued at USD 305 Million in 2022 and is predicted to reach USD 699 Million by 2027, growing at a CAGR of 17.9% from 2022 to 2027.

In Latin America, smart pill technology is a game-changing technological breakthrough that has bridged the gap between healthcare and digital technology. Smart pills, often known as nootropics, are medical devices with embedded electronic components such as sensors, cameras, and trackers. This electronic instrument is easy to swallow and thoroughly examines the digestive tract (GIT).

The introduction of these healthcare-cum-technology gadgets has addressed the increasing need for better diagnosis and monitoring, one of the key reasons. With more practical smart pill technology, it has outperformed traditional GI monitoring endoscopy and has now become the standard non-invasive diagnosis approach for motility problems. Furthermore, with remote control possibilities, it aids clinicians in real-time patient monitoring.

The Latin American smart pills technology market is expected to grow significantly due to the increased prevalence of gastrointestinal diseases such as mobility disorders, colon cancer, obscure gastrointestinal bleeding, Crohn's disease, sedentary lifestyle, and high patient compliance due to the increased prevalence of minimally invasive techniques.

Introducing breakthrough technologies such as catheter-free pH monitoring, ingestible sensors, and wireless capsule-based GI monitoring would promote market expansion. Capsule endoscopes provide a thorough examination of the GI tract, including a full view of the stomach and the esophagus, small intestine, and large intestine. Such pharmaceutical capsules are critical in distinguishing between healthy and ill cells and delivering targeted smart drugs or targeted therapy.

Despite various advantages, high costs, a lack of technical know-how, and low patient confidence hinder the market's expansion.

On the other hand, despite the various benefits of smart pill technology, several limitations such as capsule endoscopes' technological ineptitude, expensive costs, and patient anxiety about swallowing a microchip are impeding the market's growth.

This research report on the Latin America Smart Pill Technologies Market has been segmented and sub-segmented into the following categories.

By Application:

  • Capsule Endoscopy
    • Small Bowel Video Capsule Endoscopy
    • Colon Capsule Endoscopy
    • OMOM Capsule Endoscopy Platform
    • MiroCam
    • Upgraded MiroCam
    • Advanced Capsule Endoscope
  • Drug Delivery
  • Patient monitoring

By Country:

  • Mexico
  • Brazil
  • Argentina
  • Chile
  • the Rest of Latin America

Geographically, Latin America has a moderate share globally. The expansion of this market is being fueled by factors such as attractive reimbursement scenarios, patient desire for minimally invasive procedures, technical advancements in endoscopic techniques, and the rising prevalence of colon cancer. Furthermore, smart pill technology offers advantages such as technological breakthroughs in endoscopy procedures, tailored medicine distribution, and simple remote patient monitoring.

The advantageous reimbursement scenario, FDA approvals for competent medicines, and increased investments by the government and other organizations contribute to this region's rapid growth in the market.

The Mexico Smart pill technologies market is increasingly adopted by the healthcare industry across Latin America to improve the efficiency & ease of endoscopy procedures.

The Brazil Smart pill technologies market is expected to reach significant growth during the period, and it allows for precise medicine distribution and patient monitoring. Furthermore, reimbursements made by governments in several countries encouraged the use of capsule endoscopy. However, despite the numerous advantages presented, limitations such as capsule endoscopes' technological ineptitude, high cost, and patients' fear of ingesting a microchip limit the market's expansion.

KEY MARKET PLAYERS

Top Companies dominating the Latin America Smart Pill Technologies Market Profiled in the Report are Chongqing Jinshan Science & Technology Group Co. Ltd., Proteus Digital Health Inc, Medtronic, Inc., Pentax Medical Company, Siemens Healthcare, Stryker Corporation, GE Healthcare, Boston Scientific Corporation, IntroMedic Inc, CapsoVision, Inc., Given Imaging, Inc., Medimetrics S.A. de C.V.,

1.Introduction                                  

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods  

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                              

                2.2 Research Phases                      

                                2.2.1 Secondary Research            

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling     

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                             

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                      

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market               

5. Market Segmentation                                              

                5.1 Application                 

                                5.1.1 Introduction           

                                5.1.2 Capsule Endoscopy             

                                                5.1.2.1 Small Bowel Video Capsule Endoscopy

                                                5.1.2.2 Colon Capsule Endoscopy

                                                5.1.2.3 OMOM Capsule Endoscopy Platform

                                                5.1.2.4 MiroCam

                                                5.1.2.5 Upgraded MiroCam and Advanced Capsule Endoscope

                                                5.1.2.6 The ANKON MCE System

                                                5.1.2.7 CapsoCam

                                5.1.3 Drug Delivery         

                                5.1.4 Patient monitoring              

                                5.1.5  Y-o-Y Growth Analysis, By Application        

                                5.1.6  Market Attractiveness Analysis, By Application      

                                5.1.7  Market Share Analysis, By Application        

6. Geographical Analysis                                              

                6.1 Introduction                              

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Application

                6.2 Brazil                             

                6.3 Mexico                         

                6.4 Rest of Latin America                             

7.Strategic Analysis                                        

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental      

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry      

8.Market Leaders' Analysis                                          

                8.1 CapsoVision, Inc.                      

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Given Imaging, Inc.                  

                8.3 Medimetrics S.A. de C.V.                      

                8.4 Olympus Corporation                             

                8.5 Bio-Images Research Limited                              

                8.6 Novartis                       

                8.7 Given Imaging Ltd                    

                8.8 Philips Healthcare                    

                8.9 Smartpill, Inc.                            

                8.10 Medtronic, Inc.                       

                8.11 Pentax Medical Company                  

                8.12 Siemens Healthcare                             

                8.13 Stryker Corporation                              

                8.14 GE Healthcare                         

                8.15 Boston Scientific Corporation                           

                8.16 IntroMedic Inc.                       

                8.17 Chongqing Jinshan Science & Technology Group Co. Ltd.                      

                8.18 Proteus Digital Health Inc.                 

9.Competitive Landscape                                            

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                        

                9.3 Agreements, collaborations and Joint Ventures                          

                9.4 New Product Launches                          

10.Market Outlook and Investment Opportunities                                           

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  1. Latin America Smart Pill Technologies Market By Application, From 2022 to 2027 ( USD Million )
  2. Latin America Capsule Endoscopy Market By Region, From 2022 to 2027 ( USD Million )
  3. Latin America Drug Delivery Market By Region, From 2022 to 2027 ( USD Million )
  4. Latin America Patient monitoring Market By Region, From 2022 to 2027 ( USD Million )
  5. Brazil Smart Pill Technologies Market By Application, From 2022 to 2027 ( USD Million )
  6. Argentina Smart Pill Technologies Market By Application, From 2022 to 2027 ( USD Million )
  7. Mexico Smart Pill Technologies Market By Application, From 2022 to 2027 ( USD Million )
  8. Rest of Latin America Smart Pill Technologies Market By Application, From 2022 to 2027 ( USD Million )
  9. Latin America Capsule Endoscopy Market By Capsule Endoscopy, From 2022 to 2027 ( USD Million )
  10. Latin America Small Bowel Video Capsule Endoscopy Market By Region, From 2022 to 2027 ( USD Million )
  11. Latin America Colon Capsule Endoscopy Market By Region, From 2022 to 2027 ( USD Million )
  12. Latin America OMOM Capsule Endoscopy Platform Market By Region, From 2022 to 2027 ( USD Million )
  13. Latin America MiroCam Market By Region, From 2022 to 2027 ( USD Million )
  14. Latin America Upgraded MiroCam and Advanced Capsule Endoscope Market By Region, From 2022 to 2027 ( USD Million )
  15. Latin America The ANKON MCE System Market By Region, From 2022 to 2027 ( USD Million )
  16. Latin America CapsoCam Market By Region, From 2022 to 2027 ( USD Million )
  17. Brazil Capsule Endoscopy Market By Capsule Endoscopy, From 2022 to 2027 ( USD Million )
  18. Argentina Capsule Endoscopy Market By Capsule Endoscopy, From 2022 to 2027 ( USD Million )
  19. Mexico Capsule Endoscopy Market By Capsule Endoscopy, From 2022 to 2027 ( USD Million )
  20. Latin America OMOM Capsule Endoscopy Platform Market By OMOM Capsule Endoscopy Platform, From 2022 to 2027 ( USD Million )
  21. Latin America Small Bowel Capsule Endoscopy Market By Region, From 2022 to 2027 ( USD Million )
  22. Latin America Controllable Capsule Endoscopy Market By Region, From 2022 to 2027 ( USD Million )
  23. Latin America Storable Capsule Endoscope Market By Region, From 2022 to 2027 ( USD Million )
  24. Latin America Colon Capsule Endoscope Market By Region, From 2022 to 2027 ( USD Million )
  25. Latin America pH Capsule Wireless Monitoring System Market By Region, From 2022 to 2027 ( USD Million )
  26. Latin America Impedance–pH Monitoring System Market By Region, From 2022 to 2027 ( USD Million )
  27. Brazil OMOM Capsule Endoscopy Platform Market By OMOM Capsule Endoscopy Platform, From 2022 to 2027 ( USD Million )
  28. Argentina OMOM Capsule Endoscopy Platform Market By OMOM Capsule Endoscopy Platform, From 2022 to 2027 ( USD Million )
  29. Mexico OMOM Capsule Endoscopy Platform Market By OMOM Capsule Endoscopy Platform, From 2022 to 2027 ( USD Million )

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