Smart Pills Market to Reflect Impressive Growth Rate by 2025 - Top Leading Players CapsoVision, Given Imaging, Boston Scientific, Proteus Digital Health, Medtronic, Fujifilm Holdings, PENTAX Medical and Lucid Group Limited

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There is tremendous increase in the use of smart pills in healthcare with wide range of applications such as capsule endoscopy, patient monitoring and drug delivery. Also known as smart medicines, smart pills are ingestible capsules embedded with miniaturized micro-electronics. These pills primarily monitor the compliance of a patient to a prescribed drug regimen.

Therefore, patient monitoring has become has become one of the major areas of application in this market. Smart pills are also use for various disease indications such as gastrointestinal diseases, cancer and neurological disorders.

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Top Dominating Key Players:

1. CapsoVision, Inc.
2. Given Imaging, Inc.
3. Boston Scientific Corporation
4. Proteus Digital Health
5. Medtronic
6. Fujifilm Holdings Corporation
7. PENTAX Medical
8. Lucid Group Limited
9. SYNECTICS MEDICAL LTD
10. Gelesis.

Growth of the market for smart pills is ruled by various factors such as increasing demand for advanced drug delivery system and minimally invasive surgical procedures. Also, healthcare providers are now becoming aware about the use of smart pills for patient monitoring, which further supplements the growth of the market during the forecast period. However, high cost of smart pills and strict regulatory requirements may restrain the growth of the market.

Key Benefits-

• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Smart Pills Market

• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).

In North America, the market is mainly driven by increasing number of market players focusing on drug delivery and patient monitoring, and emergence of new market players offering innovative solutions in the market. Additionally, FDA approvals received by key players in the market also furnishes the growth of the market. For instance, in November 2017, “Abilify MyCite” smart pill by Proteus Digital Health received FDA approval for its use in US.

In Asia Pacific, rising prevalence of gastrointestinal disease and other chronic illnesses along with increasing geriatric population drive the market for smart pills. Furthermore, increasing research and development activities by various research institutes also determines the growth of the market.

The Smart Pills Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2025, considering 2018 as the base year and 2018 – 2025 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.

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What our report offers:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Smart Pills Market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Smart Pills, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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This release was published on openPR.