Smart Pills Market (20.8% CAGR) 2017-2024: Global Industry Insights by Growth, Emerging Trends and Forecast
In terms of geography, with 52.6% share, North America is slated to account for the lion share in the market of global smart pills. Moreover, U.S. is the dominating country in this region owing to presence of large healthcare industry along with presence of key vendors of smart pills that are rigorously investing in the research and development activities in order to develop advanced pills. Apart from this, Asia-Pacific region is projected to be most lucrative market of smart pills market owing to growing geriatric population and rising government initiatives. Additionally, Japan is believed to augment the demand for smart pills due to large population affected with colon cancer along with presence of high net worth individual.
Global smart pills market is anticipated to post a notable CAGR of 20.8% during the forecast period i.e. 2017-2024. Additionally, growing inclination of consumers towards innovative and advanced healthcare products is believed to propel the growth of smart pills market. Moreover, the global smart pills market is projected to account for exponential sales of USD 8.5 Billion by the end of 2024.
Get the Sample Copy of Report @ https://www.researchnester.com/sample-request-556
Growing Occurrence of Chronic Diseases
Rising prevalence of long term diseases is believed to foster the growth of smart pills market during the forecast period. For instance, there are 2,565,000 number of population affected with Crohn's disease and this number is significantly increasing further which is expected to augment the demand for smart pills. Furthermore, growing awareness among the population regarding the benefits of smart pills in developed nations such as U.S., Japan and others is also propelling the market of smart pills market.
Increasing Government Initiatives
Rising healthcare expenditure along with favorable government initiatives to develop the healthcare infrastructure all across the globe is projected to flourish the growth of smart pills market. According to CDC, in 2015, U.S. healthcare spending increased 5.8% to reach USD 3.2 trillion which is also expected to impel the growth of smart pills market.
Although, high cost associated with smart pills is envisioned to hamper the growth of smart pills market by 2024.
For TOC Requesting @ https://www.researchnester.com/request-toc-556
The report titled "Smart Pills Market: Global Demand Analysis & Opportunity Outlook 2024" delivers detailed overview of the global smart pills market in terms of market segmentation by application, by target area and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter's five force model.
Download Sample of This Strategic Report: https://www.researchnester.com/sample-request-556
This report also provides the existing competitive scenario of some of the key players of the global Smart Pills market which includes company profiling of Medtronic, Inc., Proteus Digital Health, CapsoVision, Inc., Olympus Corporation, Medisafe, Medimetrics & Bio-Images Research, Given Imaging, Inc. and Philips Healthcare. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global smart pills market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
More Related Reports:
Contact Us :
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Pills Market (20.8% CAGR) 2017-2024: Global Industry Insights by Growth, Emerging Trends and Forecast here
News-ID: 1934264 • Views: 185
More Releases from Research Nester
Global Hydraulic Filters Market Expected to Grow at a CAGR of 3.43% by 2027 | In …
Research Nester released a report titled "Global Hydraulic Filters Market: Global Demand Analysis & Opportunity Outlook 2027" which delivers detailed overview of the global hydraulic filters market in terms of market segmentation by end-use industry, vehicle type, channel, material, type and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter's five force model. The global hydraulic
Business Intelligence (BI) Vendors Market Projected to Grow at a CAGR of 12.1% b …
Research Nester released a report titled "Business Intelligence (BI) Vendors Market - Global Demand Analysis & Opportunity Outlook 2027" which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter's five force model. The term "Business Intelligence" is defined as a superset of software as a service
Europe Wind Turbine Gearbox Repair and Refurbishment Market Insights Covering Ma …
Research Nester released a report titled "Europe Wind Turbine Gearbox Repair and Refurbishment Market: Regional Demand Analysis & Opportunity Outlook 2027" which delivers detailed overview of the Europe wind turbine gearbox repair and refurbishment market in terms of market segmentation by product, gearbox failure, deployment and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter's
Renewable Energy Market Report Examines Latest Trends and Key Drivers Supporting …
According to region North America Renewable Energy market is expected to portray a positive growth due to higher adoption of innovative technologies and encouraging government incentives for the same. Also, Asia Pacific market is expected to grow at the highest CAGR due to a high demand for energy to address the growing demands of the rising population, rapid urbanization and improving economic landscape. The global Renewable Energy is segmented by energy
More Releases for CAGR
Wireless Charging Industry Climbing Towards CAGR 45.5%
According to a recent report published by Allied Market Research, titled, Global Wireless Charging Market by Technology and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, The global wireless charging market was valued at $5,220.0 million in 2017, and is projected to reach $71,213.0 million by 2025, registering a CAGR of 38.7% from 2018 to 2025. At present, Asia-Pacific dominates the market, followed by North America. In 2017, the U.S.
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Biogas Market CAGR to Grow at 6.5%
Global demand for biogas has witnessed a spike in demand, owing to mounting concerns over depleting fossil reserves and environmental impact of conventional fuels. According to Future Market Insights, global biogas market revenues totalled nearly US$ 24.5 Bn in 2015. During the forecast period 2016-2026, global biogas revenues are estimated to reach US$ 48, 761.2 million, growing at a steady 6.5% CAGR. Between 2016 and 2026, the global biogas revenues
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020
Biofertilizers Market witnessing a CAGR of 13.3%
Reports And Markets Publish a New Market Research Report On –"Biofertilizers Market - By Microorganism, Application and Geography - Trends and Forecasts (2016 -2021)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071907-global-biofertilizers-market-by-microorganism-application-forecasts-2016-2021 Market Insights The global biofertilizers market, estimated at USD 590.9 million in 2015, is projected to reach USD 1.23 billion by 2021, witnessing a CAGR of 13.3% during the forecast period. The biofertilizers market is highly fragmented, with many small