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November 12, 2020

Smart Pills Market Report To Observer Significant Development - Industry Opportunities To 2027

The Global Smart Pills Marketis projected to reach a value of USD 3,481.05 million by 2027 at a CAGR of 16.3%.

The smart pill is refers to a medical device with a small embedded electronic product in it, such as a camera, sensors, or trackers. They are mostly present in the form of a vitamin capsule sized pill and possess small wearable sensor patch. Whereas, once swallowed it will gets activated in the gut the sensors which helps to provide information about patient’s health parameters as well as the effectiveness of medication treatment leading to more informed healthcare decisions. Global smart pills market is rising with the rising preference for minimally-invasive devices. However, the rising cost with the technological growth are expected to hinder the growth of the market.

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Smart Pills Market: Market Dynamics

Market Driver:

  • Increasing Geriatric Population
    • There has been increasing geriatric population is play a significant role for the smart pills market. With the rising geriatric population is projected to boost the demand for the advance medical devices to grow the convenience of the patients.
    • The World Health Organization (WHO) has been projected that by 2050 world’s geriatric population count will be reach around 2 Billion, hence these will also lead to contribute the growth of this market
    • As per the United Nations, Department of Economic and Social Affairs, in 2019 there were 703 million people aged 65 years or over in the world. Whereas, the number of older persons is being estimated to be double to 1.5 billion in 2050
    • For example, the elderly population is being majorly prone to gastrointestinal disorders. The capsule endoscopy plays an integral role in early diagnosis as well as the proper treatment of these disorders, along with hybrid imaging technologies and new component innovations
    • Furthermore, considering the steady rise in geriatric population throughout the world, the demand for advanced medical devices will also grow as they lead to offer a degree of convenience to patients.
  • Growth in Technological Advancements
  • Rising in R&D Investments

Market Challenges:

  • Potential Health Risks

Smart Pills Market: Key Segments

  • The smart pills market is majorly segments into disease indication, application and end-user.
  • On the basis of disease indication, the market is sub segmented into occult GI bleeding, inherited polyposis syndromes, neurological disorders, small bowel tumors, celiac disease and other.
  • On the basis of application, the market is bifurcated into capsule endoscopy, patient monitoring and drug delivery. The capsule endoscopy is excepted to hold the largest share in the forecast period. As these smart pills is being used to treat the related disease in the GI tract, such as Crohn’s disease, obscure GI bleed, and celiac disease.
  • On the basis of end-user, the market is sub segmented into hospital, diagnostic center and research institute.

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Smart Pills Market: Key Regions

On the basis of region, the market is divided into Americas, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Americas accounted for the major market share with the growing technological advancements in the healthcare sector as well as the growing investments by government. However, Asia-Pacific is projected grow at the fastest growth rate, with the factors such as the presence of small companies in China and Japan, technological growth as well as the rising trend of research in academic organizations in the region.

Smart Pills Market: Report Scope

The report on the smart pills market covers a deep dive analysis of historic, recent and current market trends. furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

List of the leading companies operating in the Smart Pills Market include:

  • Boston Scientific Corporation (Company Overview, Financial Overview, Product Synopsis, Key Developments, SWOT Analysis, & Key Strategy)
  • CapsoVision, Inc.
  • Cerner Corporation
  • Fujifilm Holdings Corporation
  • Medtronic
  • Novartis AG
  • Olympus Corp
  • PENTAX Medical
  • Pixie Scientific, LLC
  • Proteus Digital Health, Inc
  • Other Key Companies

Smart Pills Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Smart Pills Market, by Disease Indication

  • Occult GI Bleeding
  • Inherited Polyposis Syndromes
  • Neurological Disorders
  • Small Bowel Tumors
  • Celiac Disease
  • Other

Smart Pills Market, by Application

  • Capsule Endoscopy
  • Patient Monitoring
  • Drug Delivery

Smart Pills Market, by End-User

  • Hospital
  • Diagnostic Center
  • Research Institute

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Smart Pills Market by Region

  • Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
  • North America (US, Canada, Mexico)
  • Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
  • Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
  • South America (Brazil, Argentina, Rest of South America)

Key Questions Answered by The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Table of Content

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Growth in Technological Advancements
      2. Rising Preference for Minimally-invasive Devices
    3. Restraints
      1. Potential Health Risks
      2. Rising Cost with the Technological Growth
    4. Opportunities
      1. Rising in R&D Investments
    5. Challenges
      1. Lack of Awareness Regarding Smart Pills
  5. Market Factor Analysis
    1. Porters Five Forces Analysis
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
    3. Value Chain Analysis
      1. R&D and Designing
      2. Manufacturing
      3. Distribution & Sales
      4. Post-Sales Services
    4. COVID-19 Impact Analysis
      1. Impact on Service
      2. Impact on Market Growth
      3. Impact on Regions
  6. GLOBAL SMART PILLS MARKET BY DISEASE INDICATION, MARKET SIZE IN USD MILLION (2018-2027)
    1. Introduction
    2. Occult GI Bleeding
    3. Inherited Polyposis Syndromes
    4. Neurological Disorders
    5. Small Bowel Tumors
    6. Celiac Disease
    7. Other
  7. GLOBAL SMART PILLS MARKET BY APPLICATION, MARKET SIZE IN USD MILLION (2018-2027)
    1. Introduction
    2. Capsule Endoscopy
    3. Patient Monitoring
    4. Drug Delivery
  8. GLOBAL SMART PILLS MARKET BY END-USER, MARKET SIZE IN USD MILLION (2018-2027)
    1. Introduction
    2. Hospital
    3. Diagnostic Center
    4. Research Institute
  9. GLOBAL SMART PILLS MARKET BY REGION, MARKET SIZE IN USD MILLION (2018-2027)
    1. Americas
      1. North America
        1. US
        2. Canada
      2. Latin America
    2. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Australia
      5. South Korea
      6. Rest of Asia-Pacific
    3. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Spain
      6. Rest of Europe
    4. Middle East and Africa
      1. Middle East
      2. Africa
  10. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
    4. Key Developments
  11. COMPANY PROFILES
    1. Boston Scientific Corporation
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
      6. Key Strategy
    2. CapsoVision, Inc.
    3. Cerner Corporation
    4. Fujifilm Holdings Corporation
    5. Medtronic
    6. Novartis AG
    7. Olympus Corp
    8. PENTAX Medical
    9. Pixie Scientific, LLC
    10. Proteus Digital Health, Inc.
    11. Other Key Companies
  12. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

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November 12, 2020, 13:07
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