Smart Pills Market by Top Vendors Analysis (Otsuka Holdings Company Limited, Olympus Corporation) and Global Forecast to 2025

Global Smart Pills Market is expected to register a CAGR of healthy rate in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Segmentation:

Global Smart Pill Market, By Application (Capsule Endoscopy, Drug Delivery, Patient Monitoring of Cancer), By Disease Indication (Occult GI Bleeding, Crohn’s Disease, Small Bowel Tumors, Celiac Disease, Inherited Polyposis Syndromes, Mental Disorders), By Type (Multiparameter Monitoring, Single Parameter Monitoring), By End User (Hospital, Diagnostic Centers, Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2025

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Major Players: Global Smart Pills Market

Some of the major players operating in this market are Medtronic , Otsuka Holdings Company Limited., Olympus Corporation, CapsoVision Inc. , Check-Cap , IntroMedic , JINSHAN Science & Technology and Lucid Group Limited among others.

Drivers: Global Smart Pills Market

The major factors contributing to the growth of the market includes factors such as increasing prevalence of gastrointestinal disorders, rising cancer screening awareness programs and technological advancements and R&D investment in smart pills market.

INCREASING PREVALENCE OF GASTROINTESTINAL DISORDERS

The gastrointestinal disease accounts for a large number of deaths around the world. The incidences of the colorectal cancer (CRC), which is also known as bowel cancer or colon cancer is increasing day by day among people globally. The CRC affects the colon and the rectum in the human body. There are also some diseases and infections in the gastrointestinal tract, related to the esophagus, stomach, small intestine, large intestine and rectum, and the accessory organs of digestion such as gastroesophageal reflux disease, Gallstones, Celiac Disease, Crohn’s Disease, Ulcerative Colitis and others that are becoming a great problem for the people

• According to an article published by the BioMedPress, in 2016, around many new cases and many deaths were observed worldwide due to colorectal cancer. In 2012, around 693,099 CRC deaths have been recorded worldwide, which accounted for 8.0% of all cancer deaths.

• According to an article published by Gastrointestinal Society, In 2008 inflammatory bowel diseases (IBD) which include ulcerative colitis and Crohn’s disease have been primarily observed in developed countries. Treatment for both forms of IBD includes drug therapy, supplemental nutrition or surgery.

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RISING CANCER SCREENING AWARENESS PROGRAMS

Cancer awareness and educational programs are conducted in order to create awareness about the disease among people. These programs help people in recognizing the early signs and symptoms of disease, thus enabling them to start treatment at an early stage. It also makes them aware about new diagnosis and treatment procedure available for cancer treatment.

• According to the Commonwealth of Australia, In January 2018, new immunochemical faecal occult blood test (iFOBT) kit, and associated pathology service, was launched in the National Bowel Cancer Screening Program. This program is a population based screening program which aims to detect bowel cancer early and reduce the occurrence of deaths every year.

• According to an article published by Indian Cancer Society, In India, during 2009 – 2010, 184 Cancer Awareness and Educational Programs were conducted by Indian Cancer Society at various places such as schools, banks, colleges, private companies, NGOs and Government organizations.

• According to the Commonwealth of Australia, In January 2018, new immunochemical faecal occult blood test (iFOBT) kit, and associated pathology service, was launched in the National Bowel Cancer Screening Program. This program is a population based screening program which aims to detect bowel cancer early and reduce the occurrence of deaths every year.

TECHNOLOGICAL ADVANCEMENTS AND R&D INVESTMENT IN SMART PILLS MARKET

The healthcare sector is focusing on smart pill technology also known as ingestible other than wearables and embeddable medicines. For instance, Proteus Digital Health (U.S.), which is a manufacturer of digital medicine, has developed a system consisting of a smartphone, a sensor patch and a pill. These pill consist of one-square-millimeter sensor coated with two digestible metals copper and magnesium. The metals used in the chip consist of multi-vitamin supplements and are not hazardous to health. After swallowing the pill, the sensor gets activated by interaction of electrolytes within the body. After the activation pill transmits signals to the battery-powered patch worn on the patient’s torso and sends the data via Bluetooth to a doctors or to any family member’s smartphone.

• According to an article published by the Medtronic in 2016, Professor Guang‐Zhong Yang at Hamlyn Centre (U.K.) was involved in a development of a device called the “i-Snake” which is a small snake-like robot that can be controlled with the remote control by surgeon. This device propels itself through the body and performs gastrointestinal, gynecological and cardiothoracic surgery.

• Given Imaging, (Israel), developed a battery-powered camera pill that can take high-speed photos of the GI tract. These devices are able to send the images to a second device that is worn around the waist of the patient and then it can be reviewed by a doctor through the monitor.

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This release was published on openPR.