Smart Pills Market Expected to Witness a Sustainable Growth Over 2025 | Evolving Technology & Trends Analysis

Smart pills are capsule-sized ingestible medical devices that consist of micro-sensors, micro-cameras, patches, and trackers. Smart pills by making use of these micro-sensors and cameras help in more appropriate and non-invasive disease diagnostics. Smart pills, being non-invasive can be a potent alternative approach against invasive procedures such as gastrointestinal endoscopy/colonoscopy.

The product has its wide application in drug delivery and real-time patient monitoring. It is an innovative approach to gather images from areas of the gastrointestinal tract, such as the colon, where traditional endoscopies are unable to reach. Once swallowed, sensors provide information about the various health parameters of the patient and the effectiveness of the medication treatment, which facilitate in making informed healthcare decisions and optimized therapies.

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The research provides detailed analyses of the top investment pockets, industry trends, driving forces & opportunities, key market segments, major developments, and competitive landscape. According to the report, the global smart pills market generated $256.7 million in 2017 and is estimated to reach $650.3 million by 2025, growing at a CAGR of 12.1% from 2018 to 2025.

Leading industry 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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Small bowel diseases segment to remain dominant during the forecast period-

Small bowel diseases segment accounted for nearly half of the total market share in 2017, owing to rise in usage of capsule endoscopy for treatment. This segment would remain dominant during the forecast period. Colon diseases segment would register the highest CAGR of 13.6% from 2018 to 2025, owing to a rise in the incidence of colon cancer and others. The research analyzes esophageal diseases and others.

Diagnostic centers segment to contribute its lion's share by 2025 -

Diagnostic centers segment accounted for more than half of the total market share in 2017 and is expected to continue its lion's share through 2025. This is attributed to the rise in adoption of capsule endoscopes for the diagnosis of GI tract disorders along with safe, cost-efficient, and less time-consuming protocols followed at diagnostic centers. However, hospitals segment would grow at the highest CAGR of 12.6% from 2018 to 2025, owing to the increase in hospitalization rate for disease diagnosis. The research centers segment would grow at a steady rate during the forecast period.

Key Findings:

•The small intestine segment, by target area, dominated the smart pills market in 2017 and is expected to maintain this trend during the forecast period.

•The colon disease segment, by disease indication, is expected to register the highest CAGR of 13.6% from 2018-2025.

•The U.S. generated the highest revenue in the global smart pills market in 2017 accounting for more than half of the market in North America.

•Asia-Pacific is the fastest growing region in the smart pills market in 2017 and is anticipated to experience rapid growth during the forecast period.

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