Press release
In-Depth Analysis of Smart Pills Market with Current Trends and Future Estimations 2025
They are majorly available in the form of a vitamin capsule sized pill and possess a small wearable sensor patch, an application on a mobile device, and a provider portal. Once swallowed, it gets activated in the gut; the sensors provide information about patient’s health parameters and the effectiveness of medication treatment leading to more informed healthcare decisions and optimized therapies.
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Moreover, smart pills have revolutionized the field of gastrointestinal diagnosis. Smart pills, being non-invasive can be a potent alternative approach against invasive procedures such as gastrointestinal endoscopy/colonoscopy. The global smart pills market was valued at $257 million in 2017 and is expected to reach $650 million by 2025, registering a CAGR of 12.1% from 2018 to 2025.
Major Players:
•Proteus Digital Health CapsoVision Inc.
• HQ Inc.
• Olympus Corporations
• Medtronic Plc.
• RF Co. Ltd.
•IntroMedic Co. Ltd.
• Check-Cap
• JINSHAN Science & Technology
• Koninklijke Philips N.V.
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Capsule endoscopy segment to lead throughout the forecast period :
Capsule endoscopy segment contributed more than half of the total market share in 2017, owing to the increased adoption of smart pills for the diagnosis of GI diseases. This segment would continue to dominate throughout the forecast period. However, patient monitoring segment would register the fastest CAGR of 12.7% from 2018 to 2025 due to extensive use of smart pills for monitoring pH, body temperature, and other parameters, countering medication non-adherence, and diagnosing diseases. The drug delivery application segment would grow at a steady rate during the forecast period.
Small intestine segment to dominate in terms of revenue by 2025 :
Smart pills for small intestine segment accounted for nearly half of the total market share in 2017, owing to the prevalence of small intestinal disorders including Crohn's Disease, celiac disease, and others. This segment would remain dominant in terms of revenue through 2025. Moreover, smart pills for large intestine segment would register the highest CAGR of 13.6% from 2018 to 2025, owing to the rise in the incidence of large intestinal disorders including colon cancer and others. The other target areas analyzed in the report include esophagus and stomach.
Key Benefits:
• The study provides an in-depth analysis of the smart pills market with the current trends and future estimations to elucidate the imminent investment pockets.
• Comprehensive analysis of the factors that drive and restrict market growth is provided.
• Comprehensive quantitative analysis of the industry is provided from 2018 to 2025 to assist stakeholders to capitalize on the prevailing market opportunities.
• Extensive analysis of the key segments of the industry helps to understand the trends in smart pills market globally.
• Key players and their strategies are provided to understand the competitive outlook of the industry.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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