The global smart pills market is expected to reach a value of $8.98 billion by 2024, according to a MarketandMarkets report.
The market is expected to grow at a compound annual growth rate of 16.16 percent from 2014 to 2020.
The market includes capsule endoscopy, drug delivery and patient monitoring elements focused on the esophagus, stomach, small intestine and large intestine.
Major players in the market include CapsoVision, Giving Imaging, Medimetrics S.A. de C.V., Olympus and Bio-Images Research Limited.