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Global Digital Pills Market Obsrvational Studies By Top Companies like Proteus Digital Health, Inc, Ostuka Holdings Co., Ltd., 2Morrow Inc., IO, PureTech Health, Livongo, AliveCor Inc., Welldoc, Inc, VOLUTIS LTD, Omada Health, Novartis, YUZA

02-06-2019 04:00 PM CET | Industry, Real Estate & Construction

Press release from: Data Bridge Market Research

Global Digital Pills Market

Global Digital Pills Market

The study provides a crucial view of the Digital Pills by segmenting the market based on deployment, application, end-user, and region. All the segments of the mobile cloud market have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. By deployment, global mobile cloud market is segmented into public, private, and hybrid. Entertainment, education, utilities, productivity, travel and navigation, social networking, business and finance, and others form the application segment of the global Digital Pills market. Enterprise and individual comprise the end-user segment of the mobile cloud market. The regional segment includes the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe.

The Digital Pills Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of digital pills market for global, Europe, North America, Asia Pacific and South America.

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Some of the major market players in this market are Proteus Digital Health, Inc, Ostuka Holdings Co., Ltd, 2Morrow Inc, GINGER.IO, PureTech Health, Livongo Health, AliveCor, Inc, WellDoc, Inc, Omada Health, Inc, Novartis AG, Abbott, MOCACARE, GENTAG, Inc., iRhythm Technologies, Inc, Leaf Healthcare, Inc, Perficient, Inc.

Global Digital Pills Market

The digital pills are endoscope capsules and small chip containing tablets that help the specialists and the patients to be diagnosed and monitor for the different concerns. These concerns are related to the mental fitness, cancer detection and monitoring, and also for the reminders that are related to the dosage of the pills in real time. For noticing whether the medicines are taken in the proper timing, it transmits to a smartphone or tablet indicating that the medication. The camera inside these pills is for the three dimensional imaging, this is the high resolution camera for capturing with many numbers of frames per second for the better imaging.

The technological advancements and R&D investments by the manufacturer have led to the transformation in the digital pills. The minimal invasive property of these pills is the best thing about them because the chip embedded the tablets is designed from the consumable, minimally invasive and causes mostly no harm to the human body. Performance-enhancing substances are present in these tablets for the better focus and motivation throughout the day.

According to the article published by the Medtronic in 2016, Hamlyn Centre (U.K.) director, Professor Guang‐Zhong Yang, is developing a device called the “i-Snake” which is a small snake-like robot that can be controlled with the remote control by surgeon, to propel itself through the body and perform gastrointestinal, gynecological and cardiothoracic surgery.

Given Imaging, (Israel) have also 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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FACTORS DRIVING GROWTH IN THE GLOBAL DIGITAL PILLS MARKET

Technological Advancements and R&D investment in smart pills market

Proteus Digital Health (U.S.) manufacturer of digital medicine has developed a system consisting of a smartphone, a sensor patch and a pill. These pills consist of one-square-millimeter sensor that is coated in two digestible metals copper and magnesium. The metals used in the chip are not hazardous to eat since they currently exist in multi-vitamin supplements, as well as naturally in our diets. When the pill is swallowed, the sensor gets activated by interaction of electrolytes within the body. After the activation, the pill transmits signals to the small battery-powered patch that is worn on the patient’s torso and sends the data via bluetooth to a doctor or to any family member’s smartphone.

In May 2017, Olympus (Japan) a medical and surgical products designer company has launched a new technologicaly developed capsule that is Endocapsule 10 system for the users, this capsule is designed for the small bowel endoscopy. The capsule can get operated with the advanced Olympus lens technology and it can produce sensitive, high-resolution images to provide several imaging results for best observations of a multiple abnormalities in the small bowel.

With the recent inventions and technological advancements in digital pills, these pills can play a vital role for specialists as well as in patients’ lives by monitoring their day to day activities. It can help specialists to detect various types of chronic diseases. Hence this market is expected to earn a pool of opportunities in future.

Market Definition:

Digital pills is an ingestible sensors, micro sized, connected to small wearable skin sensor patch, which transmits the composed data to the connected digital device such as smartphones. The data collected from digital pills are stored and then patients are enables to share the data with their physicians and caretaker.

Major Market Drivers:

• Prevalence in chronic diseases

• Decreased expenses from wasted medications

• Faster recovery times from greater adherence to treatment regimens

• Technological advancements in tracking tools

• Intended for use in susceptible patient groups

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Increasing prevalence of gastrointestinal disorders:

The gastrointestinal disease accounts for a large number of deaths in several parts of the world. The rise in the colorectal cancer (CRC) which is also known as bowel cancer and colon cancer is increasing day by day globally among people. The CRC affects the colon and the rectum in the human body. There are also some diseases that involve the gastrointestinal tract problems that are related to the stomach, small intestine, esophagus, large intestine and rectum, and the additional organs of digestion are also becoming a great problem for the people.

According to American Cancer Society, CRC is the third most commonly detected cancer in people. In U.S. there were 95,520 new cases of colon cancer and 39,910 cases of rectal cancer that were diagnosed in 2017. There were almost 27,150 men and 23,110 women who died from CRC in 2017 in U.S..

According to the Statista, for year 2017 the data has been provided for the occurrence of diagnosed gastrointestinal conditions in adult population. U.S. has the most percentage of gastrointestinal population among U.S., Brazil, China, Japan, Russia and 5 European countries that are Germany, U.K., France, Italy and Denmark.

According to the article published by the BioMedPress, approximately 1,400,000 new cases and about 700,000 deaths worldwide were noticed in 2016 due to colorectal cancer. There is a significant increase in CRC cases globally from 783,000 in 1990 to 1,361,000 in 2012. In 2012, there were almost 693,099 CRC deaths that have been recorded worldwide, which is almost 8.0% of all cancer deaths.

As with the increasing prevalence of gastrointestinal disorders and other chronic diseases the need for the digital pills is on the rise, hence providing this market a strong platform in future.

About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Contact:

Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com

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