Top 9 Smart Pills Companies in the World

The global smart pills market reached a value of US$ 4.6 Billion in 2023. As per the analysis by IMARC Group, the top smart pills companies are increasingly focusing on investments in R&D to upgrade and differentiate their products by offering unique features and functionalities as well as ensuring effectiveness, safety and minimal side effects. The major market players are conducting clinical trials of smart pills of various degrees in various medical fields, such as neurology, gastroenterology, and cardiology. The major companies are establishing strategic partnerships and collaborations with healthcare industry players and academic institutions to expand market reach and validate the formulation of their products. Additionally, the players are leveraging advanced technologies, such as artificial intelligence (AI) and machine learning (ML) to enhance their supply chain and product management. Furthermore, they are also investing heavily in marketing and promotional activities to educate their target audience about the benefits of smart pills, create brand awareness, and build customer loyalty. Moreover, the big players are merging with and acquiring smaller companies with complementary technologies and capabilities to gain a competitive advantage and increase their market share. Some of the other factors contributing to the market include the growing geriatric population that is susceptible to numerous chronic diseases, continual technological advancements in miniaturization and sensor technologies, increasing healthcare expenditure and rising product approvals by government and other significant regulatory bodies. By 2032, the market value is expected to reach US$ 8.5 Billion, growing at a projected CAGR of 6.9% during 2024-2032.

Learn about opportunities, challenges, and trends in the global Smart Pills market with IMARC’s market research report. Try a free sample today!

List of Top Companies Operating in the Smart Pills Industry:

The global smart pills market has several major players including CapsoVision Inc., Check-Cap Ltd., General Electric Company, IntroMedic Co. Ltd., Jinshan Science & Technology (Group) Co. Ltd., Koninklijke Philips N.V., Medtronic plc, Olympus Corporation and PENTAX Medical (Hoya Corporation). More information about these companies has been provided below.

1. CapsoVision Inc.

CapsoVision Inc., based in California, Unites States, is a leading developer of wireless capsule endoscopy solutions that leverage advanced imaging technology to visualize the digestive tract. The company’s products are used by healthcare professionals worldwide to diagnose and monitor gastrointestinal diseases. The wireless and miniaturized capsule endoscopy systems capture high-quality images of the digestive tract, aiding healthcare professionals in detecting and diagnosing numerous conditions such as bleeding, inflammation, tumors, and polyps. The company conducts extensive research and development (R&D) activities focusing on product innovation and its products have received regulatory approvals from various regulatory bodies across the globe. CapsoVision has a strong global presence, with offices and distribution channels in North America, Europe, Asia-Pacific, and the Middle East. The company has established partnerships with leading medical device distributors and healthcare providers worldwide, which has helped to expand its market reach.

2. Check-Cap Ltd.

Check-Cap Ltd. specializes in the development of advanced gastrointestinal imaging devices that utilize ingestible capsules and is considered as a key player in the global smart pills market. These capsules are equipped with sensors and cameras that capture images of the gastrointestinal tract, providing doctors with important diagnostic information. Check-Cap Ltd.'s C-Scan system uses an ingestible capsule with an imaging sensor and advanced technologies to non-invasively detect colorectal cancer and gastrointestinal disorders. Check-Cap Ltd. is headquartered in Israel, and has a global presence through its distribution partners across Europe, Asia, and the Middle East.

3. General Electric Company

General Electric (GE) Company is a leading technology company based in Massachusetts, United States of America. Its smart pill technology is a part of the company's broader healthcare solutions portfolio, including medical imaging, healthcare IT, and biomanufacturing. With a comprehensive range of smart pill technologies, including ingestible sensors and wireless monitoring systems that can track a patient's medication adherence and vital signs, General Electric Company (GE) holds a significant share in the global smart pills market. In addition to smart pill technology, GE has also invested in other healthcare innovations, such as AI-powered medical devices and blockchain-based healthcare platforms. GE has a global presence and operates in more than 180 countries and its  smart pill technology has been extensively utilized in clinical trials and pilot projects in North America, Europe, and Asia.

4. IntroMedic Co. Ltd.

IntroMedic Co. Ltd. is a South Korean-based company that specializes in the development and manufacturing of smart pills for medical applications and is known for its innovative and technologically advanced products. The company invests heavily in R&D and collaborates with numerous organizations to develop new technologies. The company's flagship product is the MiroCam capsule endoscope equipped with advanced imaging technology that allows for high-resolution images of the digestive tract, that is developed for the diagnosis and monitoring of gastrointestinal disorders. IntroMedic Co. Ltd., has a strong business presence in North America, Europe, and Asia, distributes its products in over 30 countries worldwide.

5. Jinshan Science & Technology (Group) Co. Ltd. 

Jinshan Science & Technology (Group) Co. Ltd. is a key player in the global smart pills market with a wide range of smart pills for diagnostic and therapeutic applications. The company has developed OMOM capsule endoscopy, which is a smart pill that captures images of the digestive system as it passes through the gastrointestinal tract to diagnose disorders. With its headquarters in China, Jinshan Science & Technology has a notable foothold in the Asia-Pacific region and has also expanded its presence in Europe and North America through strategic collaborations and partnerships with other healthcare industry players.

6. Koninklijke Philips N.V.

Koninklijke Philips N.V., or Philips, is a global technology conglomerate company with a focus on healthcare, lighting, and consumer lifestyle industries, providing innovative solutions to enhance patient outcomes and reduce healthcare costs. Philips is known for its IntelliCap system that is specifically intended to aid in the diagnosis and monitoring of gastrointestinal disorders. Philips’ healthcare division operates in more than 100 countries worldwide and has a strong presence in both developed and emerging markets, with an enhanced focus on the markets of Europe, North America, and Asia.

7. Medtronic plc

Medtronic plc is a leading medical device manufacturer that develops and markets multiple smart pills and ingestible sensors for various medical applications. The smart pill technology developed by Medtronic is equipped with real-time monitoring, remote data transmission, and personalized dosing. Its smart pill technologies are extensively used in the diagnosis of gastrointestinal disorders, diabetes management, and neurological disorders. With a global network of manufacturing, research and development, and distribution facilities, Medtronic operates in over 150 countries worldwide and major operation centers located in North America, Europe, Asia Pacific, and South America.

8. Olympus Corporation

Olympus Corporation specializes in the development and manufacturing of medical devices, including smart pills, and is regarded as a leading global player in the market. Olympus Corporation provides various smart pills, such as the ENDOCAPSULE used for gastrointestinal tract examination and the ENDOEYE FLEX 3D, which offers high-quality images of internal organs during endoscopic procedures. The company also partners with prominent healthcare providers and medical institutions for conducting extensive clinical trials and creating latest advancements in the medical device industry. With operations in North America, Europe, and Asia-Pacific, Olympus Corporation has a global presence.

9. PENTAX Medical (Hoya Corporation)

PENTAX Medical, a division of Hoya Corporation, is a Japan-based company with an enhanced focus on medical technologies and is a leading player in the global smart pills market. The company has developed a range of innovative smart pills that have been widely utilized by healthcare professionals and patients for their accurate and reliable diagnostic and treatment capabilities. With a prominent business presence in over 100 countries worldwide, PENTAX Medical has established a robust distribution network, partnering with healthcare providers, and establishing research and development (R&D) centers in major regions such as North America, Europe, and Asia.

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