Smart Pills Market Statistics, Trends, Segmentation Analysis and Forecast to 2030


Posted October 6, 2021 by Vaibhavwa_mrfr21

AbsoluteMarketInsights Presents “Smart Pills Market Research Report –Global Forecast to 2030” New Document to its Studies Database

 
Smart Pills Market 2021

Smart pills Market are indigestible capsules which are being used in multiple healthcare applications such as medical imaging, drug delivery, cancer diagnostics, etc. Smart pills are essentially microelectronic devices that have the capability of reaching different parts of the digestive system without having any counter effects on the individual's body. Check-Cap, for instance, provides micro pills that help in the faster detection of polyps, thereby preventing the formation of cancerous cells. The rising demand for accurate diagnosis and treatment of adverse health conditions using advanced imaging systems is leading to the growth of the global smart pills market.

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Major Key Players:

Some of the players operating in the smart pills market are BDD Pharma Ltd, CapsoVision, Inc, Check-Cap, etectRx, HQ, Inc., Jinshan Science & Technology (Group) Co., Ltd., Medimetrics Personalized Drug Delivery B.V., Medtronic, Olympus, Veloce Digital Health, amongst others.

Key findings of the report:

In terms of revenue, the global smart pills market was valued at US$ 3234.14 Mn in 2019 and is anticipated to grow at a CAGR of 18.50% over the forecast period.

North America accounted for the highest market share in the global smart pills market in 2019. The greater awareness regarding the use of smart pills in countries like the U.S. and Canada, coupled with the higher investment in technological innovation in healthcare is a major reason for the greater share of North America in the global smart pills market. However, the APAC region is expected to show the highest growth during the forecast years in the global smart pills market.

Diagnostic imaging accounted for a considerable share in the global smart pills market as far as the applications of smart pills are concerned. The ability of the smart pills to provide accurate imaging of the digestive tract, with a greater degree of accuracy, is leading due to the growth of smart pills for diagnostic imaging.

Acute gastrointestinal bleeding segment is expected to show considerable growth in the global smart pills market during the forecast years. Gastrointestinal bleeding is a major concern amongst the healthcare professionals as it can lead to complications, thereby increasing the fatality rate. Studies show that the annual expenditure on gastro-related illnesses was around US$ 136 billion in the U.S. alone. Smart pills can help in the faster diagnosis of gastrointestinal illnesses, especially internal bleeding in the small intestine, thereby saving countless lives.

Market Segmentation

By Application

Diagnostic Imaging

Vital Sign Monitoring

Targeted Drug Delivery

By Area

Esophagus

Stomach

Small Intestine

Large Intestine

Others

By Disease Indication

Acute gastrointestinal bleeding

Crohn’s disease (CD)

Esophagitis and Barrett’s esophagus

Others

By End User

Hospitals

Clinics

Diagnostic Centers

Research Centers

Universities

Others

By Region

North America

U.S

Canada

Mexico

Rest of North America

Europe

France

The UK

Spain

Germany

Italy

Nordic Countries

Denmark

Finland

Iceland

Sweden

Norway

Benelux Union

Belgium

The Netherlands

Luxembourg

Rest of Europe

Asia Pacific

China

Japan

India

New Zealand

Australia

South Korea

Southeast Asia

Indonesia

Thailand

Malaysia

Singapore

Rest of Southeast Asia

Rest of Asia Pacific

Middle East and Africa

Saudi Arabia

UAE

Egypt

Kuwait

South Africa

Rest of Middle East & Africa

Latin America

Brazil

Argentina

Rest of Latin America

.…

Contact us:

Shreyas Tanna

Phone: +91-740-024-2424

Absolute Markets Insights

Email: [email protected]
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Issued By AMI
Country India
Categories Health
Tags smart pills market
Last Updated October 6, 2021