Mexico Smart Pills Market Size & Outlook, 2023-2030
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Mexico smart pills market highlights
- The Mexico smart pills market generated a revenue of USD 21.3 million in 2023 and is expected to reach USD 48.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 12.5% from 2024 to 2030.
- In terms of segment, capsule endoscopy was the largest revenue generating application in 2023.
- Patient Monitoring Software is the most lucrative application segment registering the fastest growth during the forecast period.
Smart pills market data book summary
| Market revenue in 2023 | USD 21.3 million |
| Market revenue in 2030 | USD 48.6 million |
| Growth rate | 12.5% (CAGR from 2023 to 2030) |
| Largest segment | Capsule endoscopy |
| Fastest growing segment | Patient Monitoring Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Capsule Endoscopy, Patient Monitoring Software, Drug Delivery |
| Key market players worldwide | Medtronic PLC, Otsuka Holdings Co Ltd, CapsoVision, Olympus Corp, Medisafe |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.1% of the global smart pills market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil smart pills market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 66.6 million by 2030.
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Smart Pills Market Scope
Smart Pills Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Medisafe | View profile | 51-100 | Boston, Massachusetts, United States, North America | http://www.medisafe.com |
| CapsoVision | View profile | 51-100 | Saratoga, California, United States, North America | http://www.capsovision.com |
| Olympus Corp | View profile | 33629 | Shinjuku Monolith, 2-3-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo, Japan, 163-0914 | http://www.olympus.co.jp |
| Otsuka Holdings Co Ltd | View profile | 39548 | 2-9 Kanda-Tsukasamachi, Chiyoda-ku, Tokyo, Japan, 101-0048 | http://www.otsuka.com/jp |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
Mexico smart pills market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart pills market will help companies and investors design strategic landscapes.
Capsule endoscopy was the largest segment with a revenue share of 59.15% in 2023. Horizon Databook has segmented the Mexico smart pills market based on capsule endoscopy, patient monitoring software, drug delivery covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of smart pills market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico smart pills market, including forecasts for subscribers. This country databook contains high-level insights into Mexico smart pills market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico smart pills market size, by application, 2018-2030 (US$M)
Mexico Smart Pills Market Share, 2023 & 2030 (US$M)
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