Press release
Global Smart Pills Market Growth, Size, Share, Industry Report and Forecast to 2025
A full Report of Global Smart Pills Market is Available at: https://www.omrglobal.com/industry-reports/smart-pills-market
According to the World Health Organization (WHO), the number of people aged 65 years or older is anticipated to increase from 605 million to 2 billion by 2050. The geriatric population is more susceptible to geriatric gastrointestinal diseases such as ulcerative colitis and IBM. Therefore, the increasing number of geriatric populations across the globe may also demand treatment of gastrointestinal diseases, hence promoting the market growth of the smart pill market. Significant demand for minimally invasive surgeries has led to the development of innovative techniques such as the capsule endoscopy.
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Ease of administration and in-depth observation of the gastrointestinal tract offered by capsule endoscopy has made it to replace conventional endoscopy procedures which in turn is driving the growth of the smart pill market. However, lack of awareness regarding smart pills, low availability and high price of the product, and stringent regulatory policies are anticipated to restrain the growth of the smart pills market during the forecast period. Nevertheless, the rise in mergers and acquisitions and joint ventures, increase in R&D investments, and technological advancement are projected to provide the global smart pills market attractive opportunities to expand during the forecast period.
Global Smart Pills Market-Segmentation
By Application
• Capsule Endoscopy
• Drug Delivery
• Patient Monitoring
By Target Area
• Esophagus
• Stomach
• Small Intestine
• Large Intestine
Regional Analysis
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• CapsoVision, Inc.
• Fujifilm Holdings Corp.
• GE Healthcare
• HQ, Inc.
• IntroMedic Co. Ltd.
• Medtronic plc
• Olympus Corp.
• Otsuka Holdings Co., Ltd.
• PENTAX Medical
• Proteus Digital Health
• Quotient Clinical, Ltd.
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Media Contact:
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Contact Person: Mr. Anurag Tiwari
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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