Press release
Global Smart pills capsule endoscopy Market to witness remarkable growth by 2022:Top Keyplayers are MicroChips, CapsoVision, Inc., Olympus Corporation, Phillips, Vitality, Novartis AG, Proteus Pharmaceuticals, Pixie Scientific
The Global Smart pills capsule endoscopy Market was valued at US$ XX Mn in 2016 and is expected to reach US$ XX Mn by 2022 growing at a CAGR of XX% during the forecast period . SmartPill is an ingestible capsule that measures pressure, pH and temperature as it travels through the gastrointestinal (GI) tract to assess GI motility. The monitoring can be performed at any clinical office with ease to detect motility disorders, if any.
These are ingestible medical devices consisting of intelligent devices such as sensors, cameras, trackers that help in better monitoring and diagnostics. The capsules can be easily swallowed and are harmless and above all, offers a thorough examination of the gastrointestinal tract detecting the disorders like gastroparesis (a condition in which the contents of the stomach empty too slowly) and chronic constipation.
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Market Dynamics
The smart pill technology has greatly revolutionized the field of gastrointestinal diagnosis. These are much likely to replace the traditional techniques like cryotherapy, EMR, endoscopy, etc. The technology which seemed futuristic and improbable a hundred years ago, is now becoming a reality and is developing a potential market. The idea of a minute pill which can track any potential illness has widely appealed to many people which has further opened new doors for further research on smart pills.
Market Segmentation
The market is highly segmented into four categories: patient monitoring systems, smart pill drug delivery modes, capsule endoscopy, and diagnostics. The capsule endoscopy is noninvasive and causes minimal discomfort. The magnification obtained, here is of the order 1:8, which is much higher as compared to other methods.
Regional/Geographic Analysis
The market is widely divided demographically, North America, Europe, Asia, and Rest of the World (RoW: Pacific countries, Africa, and Latin America) also grant themselves a dominant market share. The North American market highly dominates the global smart pills market which owes to the favorable reimbursement scenario from the state and other approvals for smart pills technology-based products.
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Key players
Some of the major players in the market include MicroChips, CapsoVision, Inc., Olympus Corporation, Phillips, Vitality, Novartis AG, Proteus Pharmaceuticals, Pixie Scientific, etc.
The report contains comprehensive analysis on:
Smart pills capsule endoscopy Market Segments
Smart pills capsule endoscopy Market Drivers, Restraints and Opportunities
Smart pills capsule endoscopy Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Smart pills capsule endoscopy Market Current Trends
Competition &Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
Regional analysis for Smart pills capsule endoscopy Market includes
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macro-economic factors and other qualitative and quantitative insights. The impact of all such factors are delivered across multiple market segments and geographies.
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Report Highlights:
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
In-depth Market Segmentation
Historical and Projected Market Sizing in terms of volume and value
Recent market trends and Impact Factors
R&D Status and Technology Overview
Extensive Industry Structure Coverage
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation.
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