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Smart Pills Market is anticipated to grow at a CAGR of 13.1% during the forecast period.

04-06-2023 03:26 PM CET | Health & Medicine

Press release from: Global Insight Services

Smart Pills Market is anticipated to grow at a CAGR of 13.1% during

The global smart pills market was valued at USD 4.2 billion in 2021 and it is anticipated to grow further till USD 14.3 billion by 2031, at a CAGR of 13.1% during the forecast period.

New York, Global Smart Pills Market report from Global Insight Services is the single authoritative source of intelligence on Smart Pills Market . The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Small digital devices known as "smart pills" have a capsule-like shape and are supposed to conduct very complex tasks like sensing, imaging, and medicine administration. When swallowed, these capsules-which may contain a biosensor, an image sensor, a pH sensor, or a chemical sensor-travel along the gastrointestinal track to collect images that would be otherwise challenging to obtain. Additionally, smart pills come with a tiny wearable sensor patch that is linked to a provider portal and an app on a mobile device. These non-invasive tools have transformed how cancer and gastrointestinal problems are diagnosed and can take the place of more traditional diagnostic methods like endoscopy.

To know more about Smart Pills Market visit - https://www.globalinsightservices.com/reports/smart-pills-market/

Major Players in the Global Smart Pills Market

The key players studied in the report are Olympus Corporation, Proteus Digital Health Inc., CapsoVision Inc., MEDTRONIC, FUJIFILM Holdings Corporation, RF Co. Ltd., Check-Cap, BDD Limited, JINSHAN Science & Technology, and MEDISAFE among others.

Market Trends and Drivers

The market for smart pills is being driven by demand for cutting-edge drug delivery systems that offer advantages such optimal utilisation of the active pharmaceutical components, decreased dosage frequency, minimum adverse/side effects, targeted drug administration, and the safer carrier. Over the course of the projected period, the combination of cutting-edge technology, medical devices, and pharmaceuticals is anticipated to significantly enhance the market. It is anticipated that a sizable portion of the market for enhanced drug delivery systems will consist of patients with chronic conditions who must adhere to a specified medicine dosage at the target site.

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Global Smart Pills Market Segmentation

By Application

Capsule Endoscopy
Drug Delivery
Patient Monitoring
By Target Area

Esophagus
Small Intestine
Large Intestine
Stomach
By Disease Indication

Esophageal Diseases
Small Bowel Diseases
Colon Diseases
Others
By End User

Hospital
Diagnostic Center
Research Institute
By Region

North America
The U.S.
Canada
Mexico
Europe
The UK
Germany
France
Spain
Rest of Europe
The Asia Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific

Purchase This Market Research Report -https://www.globalinsightservices.com/checkout/single_user/GIS10448/

With Global Insight Services, you receive:

• 10-year forecast to help you make strategic decisions
• In-depth segmentation which can be customized as per your requirements
• Free consultation with lead analyst of the report
• Excel data pack included with all report purchases
• Robust and transparent research methodology

Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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