Press release
Smart Pills Technology Market Set to Soar to $7.5 Billion by 2030, Forecasts Allied Market Research
https://www.alliedmarketresearch.com/smart-pills-technology-market
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ญ: https://www.alliedmarketresearch.com/request-sample/707
The COVID-19 pandemic adversely impacted the smart pill market due to significant delays in disease diagnosis and treatment, exacerbated by a nearly 60% decline in outpatient visits by May 2020. This downturn affected the demand for smart pills, primarily administered in hospital settings.
Key drivers propelling market growth include an aging population, escalating chronic disorders like cancer and diabetes, and a surge in lifestyle-related ailments such as obesity and GERD. Increased R&D investments drive innovation in smart pill development, though stringent regulations and the high cost of ingestible sensors pose challenges. Nonetheless, technological advancements like bioelectronics and miniaturization present promising opportunities.
Market segmentation based on application, target area, disease indication, end-users, and region offers comprehensive insights. Capsule endoscopy led in revenue in 2020, driven by rising gastrointestinal disorders, while patient monitoring is anticipated to witness the highest growth, fueled by awareness regarding medication non-adherence issues.
Regionally, North America dominated the market in 2020, with factors like healthcare tech advancements, rising colorectal cancer incidence, and regulatory approvals contributing to its sustained dominance.
For stakeholders, this report offers quantitative analysis, current trends, and estimations from 2020 to 2030, aiding in identifying market opportunities. Additionally, Porter's five forces analysis facilitates profit-oriented business decisions, while in-depth market segmentation analysis helps ascertain prevailing opportunities. Mapping major countries by revenue contribution aids in understanding global market dynamics. Moreover, insights into regional and global trends, key players, application areas, and growth strategies empower informed decision-making and competitive positioning.
๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ ๐จ๐ง ๐๐๐๐๐-19? ๐๐ฌ๐ค ๐ญ๐จ ๐๐ฎ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ฑ๐ฉ๐๐ซ๐ญ: https://www.alliedmarketresearch.com/purchase-enquiry/707
๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ข๐ง ๐๐๐๐ฅ๐ญ๐ก๐๐๐ซ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
โ Body Fat Measurement Market https://www.alliedmarketresearch.com/u-s-carrier-screening-market-A47407
โ Cardiac Mapping Market https://www.alliedmarketresearch.com/moist-wound-dressings-market-A31364
โ Cellulite Treatment Market https://www.alliedmarketresearch.com/pharmaceutical-drug-delivery-market-A06102
โ Cerebrospinal Fluid Management Market https://www.alliedmarketresearch.com/artificial-organs-and-bionics-market-A14360
โ Enzyme Replacement Therapy Market https://www.alliedmarketresearch.com/tele-dermatology-market-A14386
โ Herpes Simplex Virus Treatment Market https://www.alliedmarketresearch.com/medical-rehabilitation-services-market-A110797
โ Smart Pills Technology Market - https://www.alliedmarketresearch.com/smart-pills-technology-market
โ https://www.prnewswire.com/news-releases/smart-pills-technology-market-to-reach-7-5-bn-globally-by-2030-at-8-8-cagr-allied-market-research-301530009.html
Contact Us:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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 Technology Market Set to Soar to $7.5 Billion by 2030, Forecasts Allied Market Research here
News-ID: 3378101 • Views: โฆ
More Releases from Allied Market Research
Mobile Application Security Market Growing at 26.3% CAGR Reach USD 37.1 Billion โฆ
Allied Market Research published a new report, titled, "Mobile Application Security Market Growing at 26.3% CAGR Reach USD 37.1 Billion by 2032." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determineโฆ
MarTech Market Witnessing CAGR of 18.5% Hit USD 1.7 Trillion by 2032
The global marketing technology market is experiencing growth due to several factors, including the increasing digital transformation, the surge in demand for personalized experience, and the proliferation of automation and efficiency. However, data privacy and compliance, and the high cost of implementation are expected to hamper market growth. Furthermore, the growing integration of AI and ML technologies and the increase in demand for real-time marketing are anticipated to provide lucrativeโฆ
Feedback Management Software Market Growing with CAGR of 12.9% Reach USD 28.7 Bi โฆ
Allied Market Research published a new report, titled, "Feedback Management Software Market Growing with CAGR of 12.9% Reach USD 28.7 Billion by 2031 ." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry andโฆ
Digital Educational Publishing Market Growing at 15.9% CAGR Reach USD 41.5 Billi โฆ
The Market report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
The global Digital Educational Publishing Market was valued at $9.9 billion in 2021, and is projected to reach $41.5 billion by 2031, growing atโฆ
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio โฆ
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 orderโฆ
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, โฆ
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 growthโฆ
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma โฆ
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 citiesโ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICTโฆ
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 emergingโฆ
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 Netherlandsโฆ
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart โฆ
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 โSmart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,โ Transparencyโฆ
