Smart Pills Market y Application (Capsule Endoscopy, Drug Delivery, and Patient Monitoring)

The Smart Pills market size is projected to reach US$ 9,061.29 million by 2028 from US$ 4,019.30 million in 2021; it is estimated to grow at a CAGR of 12.3% during 2021-2028.

Smart pills are capsule-sized ingestible medical devices consisting of elements such as sensors, cameras, patches, and trackers, which help in better diagnostics, patient monitoring, and targeted drug delivery. They are majorly available in the form of a vitamin capsule-sized pill and possess a small wearable sensor patch, an application on a mobile device, and a provider portal.

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Key Players Analysis:
CapsoVision, Inc.
Given Imaging, Inc.
Check-Cap
PENTAX Medical
Olympus
BodyCap
Otsuka America Pharmaceutical, Inc.
IntroMedic
Jinshan Science & Technology (Group) Co., Ltd.
RF Co., Ltd.

The report covers key developments in the Smart Pills Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Smart Pills Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Smart Pills Market in the global market. Below mentioned is the list of few companies engaged in the Smart Pills Market.

Research report has been compiled by studying the market in-depth along with drivers, opportunities, restraints & other strategies as well as new-developments that can help a reader to understand the exact situation of the market along with the factors that can limit or hamper the market growth and the report also has been updated with Impacts & effects of Coronavirus pandemic and how it has influenced consumer behavior & the growth of the market as well as industries.

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MARKET SEGMENTATION
The global Smart Pills market, based on application, is segmented into capsule endoscopy, drug delivery, and patient monitoring. The capsule endoscopy segment hold the largest share of the market in 2021. However, the drug delivery segment is anticipated to register the highest CAGR in the market during the forecast period of 2021 to 2028. Smart pill with environmental sensors, a feedback algorithm and a drug release mechanism can lead to smart drug delivery systems. Thus, this supportive technologies is resulting in accounting high CAGR during the forecast period.  

 The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Smart Pills Market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Smart Pills Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.  

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Food and Beverages, Consumers and Goods, Chemicals and Materials.

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