Smart Pills Market Growth factors, Size, Share, Trends, Top Key Players Analysis 2013-2017, Forecast 2018-2024

12/giu/2018 14:02:52 Rajesh Contatta l'autore

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Global Smart Pills Market report offers Market Size, Dynamics, Regional Market Share, Top Key Players, Latest trends, Growth factors, Industry Stats, Historic Market, Business Intelligence, Business Research Reports, Competitive Intelligence 2013 to 2017 and Forecast 2018 to 2024

Global smart pills market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) over 2018 to 2024.


Market Outline: Smart Pills Market


Smart pills are the injectable medical devices taken orally to examine gastrointestinal tract. The advanced smart pills enable disease diagnosis, patient monitoring, and help to improve the drug delivery. Cameras, trackers, and sensors are commonly used smart pills swallowed by patient to get complete GI evaluation without surgery. Smart pills expected to replace the conventional diagnostic techniques such as colonoscopy and endoscopy.


Market Dynamics: Smart Pills Market

Increase in geriatric population coupled with rise in preference for minimally invasive surgical procedures are anticipated to drive the global smart pills market. Moreover, technological advancements of the smart pills, rise in prevalence of GI disorders, sophisticated healthcare infrastructure, wide applications with smart pills, and rise in disposable income are anticipated to fuel the global smart pills market over the forecast period. However, high cost of products, technological constraints the efficiency of capsule endoscopes, and patients fear regarding the smart pill swallowing are expected to dampen the growth of smart pills market.


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Market Scope: Smart Pills Market

Smart Pills market is segmented based on the application, target area, and end user

Based on the application, the market is segmented into the following:

• Drug Delivery

• Capsule Endoscopy

• Patient Monitoring

Based on the target area, the market is segmented into the following

• Stomach

• Esophagus

• Large Intestine

• Small Intestine

Based on the distribution channel, the market is segmented into the following:

• Hospitals

• Clinics

• Research Institutes


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Regional Analysis:  Smart Pills Market

Geographically, global smart pills market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America smart pills market has a lucrative share attributed to increase in the prevalence of GI disorders due to change in lifestyle, innovation of newer smart pills by market players, and favorable reimbursement policies are fuel the market. Europe smart pills market is poised to grow at a notable CAGR due to adoption of technologically advanced smart pills, rise in government investment in healthcare sector, and well established healthcare infrastructure. Asia Pacific smart pills market has a lucrative growth owing to large patient pool with GI disorders, increase in healthcare expenditure, and entry of market players into Asia Pacific region are fuel the market.


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Competition Assessment: Smart Pills Market

Some of the players in the global smart pills market include:

• Medimetrics S.A. de C.V. (Mexico)

• CapsoVision, Inc. (U.S.)

• Bio-Images Research Limited (U.K.)

• Olympus Corporation (Japan)

• Given Imaging, Inc. (Israel)

• SmartPill Corporation (U.S.)

• Siemens Healthineers (U.S.)

• Medtronic plc (Ireland)

• Koninklijke Philips N.V. (Netherlands)

• GE Healthcare (U.S.)

• Otsuka America Pharmaceutical, Inc. (U.S.)


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