Wireless capsule endoscopy (WCE) systems are used to capture images of the human digestive tract for medical applications. The antenna is one of the most important components in a WCE system. In this paper, we provide novel small antenna solutions for a WCE system operating at the 433 MHz ISM band. The in-body capsule transmitter uses an ultrawideband outer-wall conformal loop antenna, whereas the on-body receiver uses a printed monopole antenna with a partial ground plane. A colon-equivalent tissue phantom and CST Gustav voxel human body model were used for the numerical studies of the capsule antenna. The simulation results in the colon-tissue phantom were validated through in-vitro measurements using a liquid phantom. According to the phantom simulations, the capsule antenna has -10 dB impedance matching from 309 to 1104 MHz. The ultrawideband characteristic enables the capsule antenna to tolerate the detuning effects due to electronic modules in the capsule and due to the proximity of various different tissues in gastrointestinal tracts. The on-body antenna was numerically evaluated on the colon-tissue phantom and the CST Gustav voxel human body model, followed by in-vitro and ex-vivo measurements for validation. The on-body antenna exceeds -10 dB impedance matching from 390 MHz to 500 MHz both in simulations and measurements. Finally, this paper reports numerical and experimental studies of the path loss for the radio link between an in-body capsule transmitter and an on-body receiver using our antenna solutions. The path loss both in simulations and measurements is less than 50 dB for any capsule orientation and location.