Latin America Smart Pills Market Size & Outlook, 2023-2030

The smart pills market in Latin America is expected to reach a projected revenue of US$ 226.2 million by 2030. A compound annual growth rate of 12% is expected of Latin America smart pills market from 2024 to 2030.
Revenue, 2023 (US$M)
$102.4
Forecast, 2030 (US$M)
$226.2
CAGR, 2024 - 2030
12%
Report Coverage
Latin America

Latin America smart pills market highlights

  • The Latin America smart pills market generated a revenue of USD 102.4 million in 2023.
  • The market is expected to grow at a CAGR of 12% 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.
  • Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.


Latin America data book summary

Market revenue in 2023USD 102.4 million
Market revenue in 2030USD 226.2 million
Growth rate12% (CAGR from 2023 to 2030)
Largest segmentCapsule endoscopy
Fastest growing segmentPatient Monitoring Software
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCapsule Endoscopy, Patient Monitoring Software, Drug Delivery
Key market players worldwideMedtronic PLC, Otsuka Holdings Co Ltd, CapsoVision, Olympus Corp, Medisafe


Other key industry trends

  • In terms of revenue, Latin America region accounted for 5.4% of the global smart pills market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 1,126.9 million by 2030.

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Smart Pills Market Companies

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Latin America 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 59.08% in 2023. Horizon Databook has segmented the Latin America 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America smart pills market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America smart pills market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America smart pills market size, by country, 2018-2030 (US$M)

Latin America Smart Pills Market Share, 2023 & 2030 (US$M)

Latin America smart pills market size, by country, 2018-2030 (US$M)

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