Rapid Growth of Smart Pills Market | Top Key Companies - CapsoVision, Inc., Given Imaging, Inc., Boston Scientific Corporation, Proteus Digital Health, Medtronic

The report provides a detailed overview on the industry including both qualitative and quantitative information. It provides overview and forecast of the global smart pills market based on application, disease indication and end user. It also provides market size and forecast till 2025 for overall Smart Pills market with respect to five major regions, namely; North America, Europe, APAC, Middle East and Africa (MEA) and South & Central America.

There is tremendous increase in the use of smart pills in healthcare with wide range of applications such as capsule endoscopy, patient monitoring and drug delivery. Also known as smart medicines, smart pills are ingestible capsules embedded with miniaturized micro-electronics. These pills primarily monitor the compliance of a patient to a prescribed drug regimen. Therefore, patient monitoring has become has become one of the major areas of application in this market. Smart pills are also use for various disease indications such as gastrointestinal diseases, cancer and neurological disorders.

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Growth of the market for smart pills is ruled by various factors such as increasing demand for advanced drug delivery system and minimally invasive surgical procedures. Also, healthcare providers are now becoming aware about the use of smart pills for patient monitoring, which further supplements the growth of the market during the forecast period. However, high cost of smart pills and strict regulatory requirements may restrain the growth of the market.

Key Market Players:
1. CapsoVision, Inc.
2. Given Imaging, Inc.
3. Boston Scientific Corporation
4. Proteus Digital Health
5. Medtronic
6. Fujifilm Holdings Corporation
7. PENTAX Medical
8. Lucid Group Limited
9. SYNECTICS MEDICAL LTD
10. Gelesis.

In North America, the market is mainly driven by increasing number of market players focusing on drug delivery and patient monitoring, and emergence of new market players offering innovative solutions in the market. Additionally, FDA approvals received by key players in the market also furnishes the growth of the market. For instance, in November 2017, “Abilify MyCite” smart pill by Proteus Digital Health received FDA approval for its use in US.

In Asia Pacific, rising prevalence of gastrointestinal disease and other chronic illnesses along with increasing geriatric population drive the market for smart pills. Furthermore, increasing research and development activities by various research institutes also determines the growth of the market.
The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.

The report also includes the profiles of key Smart Pills manufacturing companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last three years, key development in past five years.

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Reason to Buy:
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Smart Pills market.
-Highlights key business priorities in order to assist companies to realign their business strategies.
-The key findings and recommendations highlight crucial progressive industry trends in the global Smart Pills market, thereby allowing players across the value chain to develop effective long-term strategies.
-Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
-Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
-Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

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This release was published on openPR.