Global Smart Pills Market Is Expected to
Exhibit A Strong 14.2% CAGR Over the Forecast Period From 2018 To 2023, according
to the latest research report from Market Research Future (MRFR).
Smart pills are used to track medication
adherence in patients. They can also be used to monitor the conditions inside
the stomach, or to track the progression of chronic diseases. Due to their
smart capabilities, these pills can transmit the information gained inside the
patient directly to a monitoring device, such as a computer, smartphone app, or
smartwatch. The increasing prevalence of diabetes is likely to be a major
driver for the global smart pills market over the forecast period. Smart pills
can provide efficient tracking of chronic diseases such as diabetes, allowing
physicians to gain access to detailed data and focus on countering the disease
in a more informed manner. Other lifestyle diseases such as GERD, gastric
ulcers, and obesity are also likely to be important for the global smart pills
market’s growth over the forecast period.
Various components of the global smart pills
market are also studied in the report and projections are made for the growth
trajectory of each distinct component. The various segments and sub-segments
within the global smart pills market are studied in detail in the report. The
study also makes a detailed analysis of the major players operating in the
global smart pills market and provides a detailed look at the various
competitive strategies employed by players in the global smart pills market.
Likely future conditions with respect to the competitive landscape of the
market are also explained in detail in the report.
Competitive Analysis:
Leading players in the global smart pills
market include,
· Intromedic
· Pentax Medical
· Medisafe
· Jinshan Science & Technology
· BDD Limited
· Check-Cap
· RF Co. Ltd.
· Fujifilm Holdings Corporation
· Medtronic
· CapsoVision Inc.
· Proteus Digital Health Inc.
· Olympus Corporation
· and Others
eLucid announced plans to extend its smart pill
monitoring services to smartwatches, allowing patients to receive reminders
straight on their smartwatches. The service already includes app notifications,
text messages, and phone calls.
Segmentation:
The global smart pills market is segmented on
the basis of application, target area, disease indication, end user, and
region.
On the basis of application, the global smart pills market is segmented
into capsule endoscopy, drug
delivery, patient monitoring, and others. The capsule endoscopy segment has
been further divided into small bowel capsule endoscopy, controllable capsule
endoscopy, colon capsule endoscopy, and others. Patient monitoring has been
divided into capsule pH monitoring and others.
By target area, the global smart pills market
is segmented into esophagus, small intestine, large intestine, and stomach.
On the basis of disease indication, the global
smart pills market is segmented into esophageal diseases, small bowel diseases,
colon diseases, and others.
By end use, the global smart pills market is
segmented into hospitals, diagnostic centers, and research institutes.
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Regional Analysis:
The Americas are expected to dominate the
global smart pills market over the forecast period due to the increasingly
favorable reimbursement scenario and increasing government support. North
America is the major regional market for smart pills, as technological
development is rife in North America. The technology behind smart pills is
quite complicated, requiring efforts from computing companies and healthcare
industry players. This has made North America the epicenter of the smart pills
market, as the presence of healthcare technology players is quite strong in the
region. The high prevalence of chronic diseases in North America is also a
significant factor in making this the largest regional segment of the global
smart pills market.
Intended Audience
- Smart capsule manufacturers
- Healthcare providers
- Medical device manufacturers
- Research institutes and
academic centers
- Contract manufacturing
organizations (CMOs)
- Market research and
consulting
The report presents a detailed analysis of the
global smart pills market by providing readers with a comprehensive overview of
the market’s historical trajectory. The leading drivers and restraints
affecting the global smart pills market are assessed in detail in the report.
The historical impact of these drivers and restraints is analyzed in context of
the current impact of these factors and projections are made for the likely
impact of these drivers and restraints over the forecast period.
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clients. Our market research studies by products, services, technologies,
applications, end users, and market players for global, regional, and country
level market segments, enable our clients to see more, know more, and do more,
which help to answer all their most important questions.
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