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Europe Smart Pill Technologies Market Analysis – By Application & Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe ) - Industry Analysis on Size, Share, Trends, Forecast, Growth | 2022 to 2027

Published: January, 2022
ID: 1602
Pages: 145

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

According to the report, the Smart Pill Technologies Market size in Europe was worth USD 948.87 Million in 2022 and is projected to reach USD 2080.35 Million by 2027, growing at a CAGR of 17.0% during the forecast period from 2022 to 2027.

The growing senior population and rising prevalence of chronic diseases such as diabetes, cancer, obesity, gastroesophageal reflux disease, gastric ulcers, and others are major factors driving the market growth. In contrast, rising demand for minimally invasive treatment with early detection of medical problems and innovation of new products such as bioelectronics, micro-cameras, miniaturization, and others will also help to boost the market growth in Europe.

Increasing R&D projects to develop effective intelligent pills will also provide attractive market prospects in the coming years. The devices are made so a layperson may read that data with ease. Most companies offer suitable software that collects data over time and provides vital information on patient health and lifestyle tips. The Bluetooth component of these intelligent pill devices allows them to be connected to smartphones. Users can access data in a statistical and user-friendly way due to this. The demand for smart pills has risen as a result of this.

Factors such as attractive reimbursement scenarios, focused medicine delivery, convenient remote patient monitoring, technical advancements in endoscopic techniques, and the rising prevalence of colon cancer are fueling the growth of this market. In addition, an increasing preference for non-invasive procedures is driving the demand for smart pills.

Market restraints include strict regulatory policies and high equipment costs, while market risks include adverse effects of treatment. Furthermore, while customizability benefits the smart pill industry, it may also be a disadvantage and a time-consuming process because it is tough to create according to unique consumer needs. Furthermore, adaptability is a challenge, and these factors can operate as a market restraint. Finally, because smart pills are expensive, they are only used in a restricted number of developing regions. As a result, one of the reasons limiting the expansion of the little pill industry is the high cost.

This research report on the Europe 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:

  • UK
  • France
  • Spain
  • Germany
  • Italy
  • Russia
  • Sweden
  • Denmark
  • Switzerland
  • Netherlands
  • Turkey
  • Czech Republic
  • Rest of Europe

Geographically, Europe is the second-largest market for smart pill technology globally. Superior healthcare infrastructure, increased awareness of GI disorders among patients and doctors, high adoption of technological developments, and the growing senior population is all driving market expansion in Europe.

The German smart pill technologies market and France's smart pill technologies market are expected to have significant market growth during the period due to the high rate of development and increasing government initiatives to improve healthcare infrastructure. In addition, the increasing prevalence of chronic diseases due to changing lifestyles will boost the regional market growth.

The U.K smart pill technologies market held a considerable market share which is likely to grow during the period due to the robust medical infrastructure and high diagnostic and care rates and improvements. Furthermore, by 2025, the quickly rising population and many patients suffering from long-term conditions such as cancer, diabetes, and others are predicted to force the intelligent pill market forward.

KEY MARKET PLAYERS

Top Companies leading the Europe Smart Pill Technologies Market Profiled in the Report are Given Imaging, Inc., Medimetrics S.A. de C.V, Philips Healthcare, Smartpill, Inc., Medtronic, Inc, Proteus Digital Health Inc, Olympus Corporation, Bio-Images Research Limited, Novartis, Given Imaging Ltd, Pentax Medical Company, Boston Scientific Corporation, IntroMedic Inc, CapsoVision, Inc, Chongqing Jinshan Science & Technology Group Co. Ltd, GE Healthcare, Siemens Healthcare, Stryker Corporation

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 U.K                

                6.3 Spain                             

                6.4 Germany                     

                6.5 Italy                               

                6.6 France                          

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. Europe Smart Pill Technologies Market By Application, From 2022 - 2027 ( USD Million )
  2. Europe Capsule Endoscopy Market By Region, From 2022 - 2027 ( USD Million )
  3. Europe Drug Delivery Market By Region, From 2022 - 2027 ( USD Million )
  4. Europe Patient monitoring Market By Region, From 2022 - 2027 ( USD Million )
  5. U.K. Smart Pill Technologies Market By Application, From 2022 - 2027 ( USD Million )
  6. Germany Smart Pill Technologies Market By Application, From 2022 - 2027 ( USD Million )
  7. France Smart Pill Technologies Market By Application, From 2022 - 2027 ( USD Million )
  8. Italy Smart Pill Technologies Market By Application, From 2022 - 2027 ( USD Million )
  9. Spain Smart Pill Technologies Market By Application, From 2022 - 2027 ( USD Million )
  10. Europe Capsule Endoscopy Market By Capsule Endoscopy, From 2022 - 2027 ( USD Million )
  11. Europe Small Bowel Video Capsule Endoscopy Market By Region, From 2022 - 2027 ( USD Million )
  12. Europe Colon Capsule Endoscopy Market By Region, From 2022 - 2027 ( USD Million )
  13. Europe OMOM Capsule Endoscopy Platform Market By Region, From 2022 - 2027 ( USD Million )
  14. Europe MiroCam Market By Region, From 2022 - 2027 ( USD Million )
  15. Europe Upgraded MiroCam and Advanced Capsule Endoscope Market By Region, From 2022 - 2027 ( USD Million )
  16. Europe The ANKON MCE System Market By Region, From 2022 - 2027 ( USD Million )
  17. Europe CapsoCam Market By Region, From 2022 - 2027 ( USD Million )
  18. U.K. Capsule Endoscopy Market By Capsule Endoscopy, From 2022 - 2027 ( USD Million )
  19. Germany Capsule Endoscopy Market By Capsule Endoscopy, From 2022 - 2027 ( USD Million )
  20. France Capsule Endoscopy Market By Capsule Endoscopy, From 2022 - 2027 ( USD Million )
  21. Italy Capsule Endoscopy Market By Capsule Endoscopy, From 2022 - 2027 ( USD Million )
  22. Spain Capsule Endoscopy Market By Capsule Endoscopy, From 2022 - 2027 ( USD Million )
  23. Europe OMOM Capsule Endoscopy Platform Market By OMOM Capsule Endoscopy Platform, From 2022 - 2027 ( USD Million )
  24. Europe Small Bowel Capsule Endoscopy Market By Region, From 2022 - 2027 ( USD Million )
  25. Europe Controllable Capsule Endoscopy Market By Region, From 2022 - 2027 ( USD Million )
  26. Europe Storable Capsule Endoscope Market By Region, From 2022 - 2027 ( USD Million )
  27. Europe Colon Capsule Endoscope Market By Region, From 2022 - 2027 ( USD Million )
  28. Europe pH Capsule Wireless Monitoring System Market By Region, From 2022 - 2027 ( USD Million )
  29. Europe Impedance–pH Monitoring System Market By Region, From 2022 - 2027 ( USD Million )
  30. U.K. OMOM Capsule Endoscopy Platform Market By OMOM Capsule Endoscopy Platform, From 2022 - 2027 ( USD Million )
  31. Germany OMOM Capsule Endoscopy Platform Market By OMOM Capsule Endoscopy Platform, From 2022 - 2027 ( USD Million )
  32. France OMOM Capsule Endoscopy Platform Market By OMOM Capsule Endoscopy Platform, From 2022 - 2027 ( USD Million )
  33. Italy OMOM Capsule Endoscopy Platform Market By OMOM Capsule Endoscopy Platform, From 2022 - 2027 ( USD Million )
  34. Spain OMOM Capsule Endoscopy Platform Market By OMOM Capsule Endoscopy Platform, From 2022 - 2027 ( USD Million )

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