Press release
Smart Pills Market To Witness Spillage Of Digitized Beans At A CAGR Of 14.5%
Integration of smart technologies in pills has instrumented a ground-breaking transformation in the global healthcare marketplace. Initially, consumers and patients were diffident towards invasive surgical procedures and drug administration, albeit, their perspectives have undergone changes.
There is a growing uptake for indigestible medical devices, which has propelled the consumption of smart pills. Elements such as cameras, trackers and sensors are being integrated in smart pills, making them a key tool to assess the health of consumer from within the body.
Get free Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/21712
In the near future, smart pills will gain grounds in diagnostics and health monitoring applications. These unique devices are being widely used in non-invasive examination of gastrointestinal diseases. Companies developing smart pills are extending their functions in assessment of health across a range of physiological metrics. With evolution in medical technology, the data procured by smart pills is becoming highly accurate and these pills are strengthening the patient adherence towards measuring medications.
Persistence Market Research's recently published report on the global smart pills market projects that the demand for these miniaturized devices will gain traction during the forecast period, 2017-2027. The report projects that by the end of 2027, more than US$ 3.1 Bn worth of smart pills will be sold globally.
Over the forecast period, the global smart pills market is pegged to expand robustly at a CAGR of 14.5%. The study projects that the future prospects of smart pills will majorly revolve around their growing use as a device that can monitor daily medicine intake of consumers.
Company Profiles:
CapsoVision, Inc.
Given Imaging, Inc.
Medimetrics S.A. de C.V.
Olympus Corporation
Bio-Images Research Limited
Medtronic
Proteus digital Health
MediSafe
Boston Scientific Corporation
GE Healthcare
Others.
Request for Methodology@ https://www.persistencemarketresearch.com/methodology/21712
Drug Delivery Applications of Smart Pills to Gain Traction
The report estimates that in 2017, smart pills worth over US$ 300 Mn have been sold globally for their use in drug delivery applications. Increasing non-adherence of patients towards medication intake has driven the medical professionals such as doctors in compelling their patients to consume smart pills. Miniscule sensors embedded in smart pills are being used to detect the presence of elements in stomach, and this information is being transmitted to the patch worn by patients.
The procured data reveals the daily medicine intake of the patients and allows the doctors to facilitate effective drug delivery while monitoring the health of patients. The report also reveals that capsule endoscopy will be the leading application in the global smart pills market through 2026.
Access Full Report@ https://www.persistencemarketresearch.com/checkout/21712
Esophagus to Represent Key Target Area for Positioning of Smart Pills
Through 2026, majority of medical professionals will allow the patients to consume smart pills and get them positioned in the esophagus. Effectiveness of smart pills in detecting the presence of different elements being consumed through food or medicine will continue to drive their positioning in the esophagus target area. By the end of 2026, more than US$ 1.2 Bn worth of smart pills to be sold in the global market will be used for targeting the esophagus.
The report has further revealed that the demand for smart pills is expected to be high North America and Europe. Robust healthcare infrastructure in the US is expected to drive the expansion of North America's smart pills market through 2026. The report also reveals that leading players in the global smart pills market are based in North America and several European countries.
Access Related Reports-
Bioabsorbable Implants Market: https://www.persistencemarketresearch.com/market-research/bioabsorbable-implants-market.asp
Fall Detection System Market: https://www.persistencemarketresearch.com/market-research/fall-detection-system-market-092017.asp
Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
About Us:
Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
This release was published on openPR.
Permanent link to this press release:
Copy
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 To Witness Spillage Of Digitized Beans At A CAGR Of 14.5% here
News-ID: 2635184 • Views: …
More Releases from Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market
The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market
The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market
The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market
The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
