North America Smart Pills Market Analysis by Production, Consumption and Competitive Analysis Till 2027|Cerner Corporation., FUJIFILM Holdings Corporation, GENERAL ELECTRIC COMPANY, MEDTRONIC

Smart pills market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 10.96 billion by 2027 growing at a CAGR of 16.21% in the above-mentioned forecast period. The rising preference of patient towards minimally invasive surgeries will help in driving the growth of the smart pills market.

The market insights and analysis about pharmaceutical industry, performed in this Smart pills market research report are based upon SWOT analysis on which businesses can depend confidently. This market report delivers the company profiles, product specifications, capacity, production value, and market shares of each company for the forecasted period of 2020-2027. The report supports to establish and optimize each stage in the lifecycle of industrial process that includes engagement, acquisition, retention, and monetization. While preparing this Smart pills market report, customer satisfaction has been kept on the utmost priority which makes clients rely on us confidently.

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The major players covered in the smart pills market report are ACAMP, BDD Ltd, Boston Scientific Corporation, Cerner Corporation., FUJIFILM Holdings Corporation, GENERAL ELECTRIC COMPANY, MEDTRONIC, Olympus Corporation, PENTAX Medical, Proteus Digital Health, among other domestic players. Market share data is available for North America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Key Drivers: North America Smart Pills Market

Some of the major factors driving the market for North America smart pills market are increasing prevalence of gastrointestinal disorders and rising cancer screening awareness programs.

Key Points:

Medtronic is going to dominate the North America smart pills market followed by Otsuka Holdings Company Limited, Olympus Corporation.

The capsule endoscopy segment is expected to dominate the North America smart pills market with highest market share of 53.2%.

Market Segmentation: North America Smart Pills Market

On the basis of application, the North America smart pills market is segmented into capsule endoscopy, drug delivery and patient monitoring of cancer. In 2018, capsule endoscopy is expected to dominate the market with highest market share and growing with the highest CAGR in the forecast period 2018 to 2025.
The North America smart pills market on the basis of disease indication is segmented into occult GI bleeding, crohn’s disease, small bowel tumors, celiac disease, inherited polyposis syndromes and mental disorders. In 2018, occult GI bleeding segment is expected to dominate the market.
The North America smart pills market on the basis of type is segmented into multiparameter monitoring and single parameter monitoring. In 2018, multiparameter monitoring segment is expected to dominate the market in the forecast period of 2018 to 2025
The North America smart pills market on the basis of end user is segmented into hospital, diagnostic centers and others. In 2018, hospital segment is expected to dominate the market with 50.1% market share in the forecast period.

North America Smart Pills Market
Main growth factors

The favourable reimbursement coverage in selected countries, technological advancements in capsule endoscopes and growing incidences of colon cancer will likely to accelerate the growth of the smart pills market in the forecast period of 2020-2027. On the other hand, rise in necessity of rapid drug development process will further boost various opportunities that will lead to the growth of the smart pills market in the above mentioned forecast period.

Growing sophistication in smart pills to increase the costs and technological incompetence of capsule endoscopes is likely to hamper the growth of the smart pills market in the above mentioned forecast period.

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