Smart Pills Technology Market Competitive Approach, Fundamental Trends with Top Players Proteus Digital Health,CapsoVision, Given Imaging,Olympus Corporation ,Chongqing, Jinshan ,Science & Technology Group, IntroMedic

Smart pill technology is a revolutionary technological innovation that has reduced the gap between healthcare and digital technology. Smart pills or Nootropics are basically medical devices and small embedded electronic appliances such as sensors, cameras and trackers. This electronic device can be easily swallowed and provides complete evaluation of the gastrointestinal tract (GIT). The emergence of these healthcare-cum-technology devices has addressed the soaring need of better diagnostics and monitoring. It has outperformed the conventional GI monitoring endoscopy with more convenient smart pill technology, which has now become the standard non-invasive diagnosis technique for motility disorders. Moreover, it helps physicians in real-time patient monitoring through remote controlling options.

The global smart pills technology market is expected to register a substantial growth in the future, owing to the increased prevalence of gastrointestinal diseases (such as motility disorders, colon cancer, obscure gastrointestinal bleeding and Crohns disease), sedentary lifestyle and high patient compliance on account of minimally invasive techniques. The advent of novel technologies such as catheter-less pH monitoring, ingestible sensors and wireless capsule based GI monitoring would foster an accelerated market growth. Capsule endoscopes provide complete examination of GI tract which consists of a complete view of stomach including esophagus, small intestine and large intestine. Such pharmaceutical capsules play a vital role in differentiating between the healthy and unhealthy cells like targeted smart drug delivery or a targeted therapy.

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Market segment by Regions/Countries, this report covers
United States
EU
Japan
China
India
Southeast Asia

Market segment by Type, Smart Pills Technology can be split into
Capsule Endoscope
Workstations and Recorders
Single Parameter (pH) Monitoring
Multi Parameter (pH, temp, pressure) Monitoring

Physicians do a good job of triangulating medications with their patients, since new additions/OTC medications are not routinely documented. So with the use of smart pill technology, the data collected can further be of assistance by identifying potential drug-drug interactions, errors in dosage, schedule errors and help identify/prevent adverse events. Pills can also turn to be useful in sending alert signals when medicines are past their expiry date.Patients on medications such as antibiotics can be monitored and alerted to complete their course to ensure that drug resistance is not encountered.

An increased prevalence of gastrointestinal diseases, rise in sedentary lifestyle, and high patient compliance on account of minimally invasive techniques is expected to drive the global smart pill technology market. Market growth is also supplemented by the advent of novel technologies such as catheter-less pH monitoring, ingestible sensors and wireless capsule based GI monitoring. Collaborations between research institutions and companies, licensing agreements & partnerships amongst companies and augmented R&D investment on smart pills are some of the other factors boosting the market growth. However, several factors such as high costs, limited technical know-how, and low patient confidence hinder the growth of the market.

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