Press release
Smart Pills Market is anticipated to grow 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.
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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
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• 10-year forecast to help you make strategic decisions
• In-depth segmentation which can be customized as per your requirements
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