There is tremendous increase in the use of smart pills in healthcare with wide range of applications such as capsule endoscopy, patient monitoring and drug delivery. Also known as smart medicines, smart pills are ingestible capsules embedded with miniaturized micro-electronics. These pills primarily monitor the compliance of a patient to a prescribed drug regimen. Therefore, patient monitoring has become has become one of the major areas of application in this market. Smart pills are also use for various disease indications such as gastrointestinal diseases, cancer and neurological disorders.
Growth of the market for smart pills is ruled by various factors such as increasing demand for advanced drug delivery system and minimally invasive surgical procedures. Also, healthcare providers are now becoming aware about the use of smart pills for patient monitoring, which further supplements the growth of the market during the forecast period. However, high cost of smart pills and strict regulatory requirements may restrain the growth of the market.
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Key Players Influencing the Market:
1. CapsoVision, Inc.
2. Given Imaging, Inc.
3. Boston Scientific Corporation
4. Proteus Digital Health
5. Medtronic
6. Fujifilm Holdings Corporation
7. PENTAX Medical
8. Lucid Group Limited
9. SYNECTICS MEDICAL LTD
10. Gelesis.
The global smart pills market is segmented on the basis of application, disease indication, and end user. On the basis of application, the market is segmented into capsule endoscopy, drug delivery and patient monitoring. Capsule endoscopy is further segmented into small bowel capsule endoscopy, colon capsule endoscopy, controllable capsule endoscopy, storable capsule endoscopy and others. On the basis of disease indication, the market is segmented into gastrointestinal diseases, neurological disorders, cancer, inherited disorders and others. On the basis of end user, the market is segmented into hospitals & clinics, research institutes and home healthcare.
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Smart Pills Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Smart Pills Market segments and regions.
Scope of the study:
The research on the Smart Pills Market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Smart Pills Market on the basis of end user, product type, application, and demography for the forecast period 2020–2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.
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- Learn about the driving factors, affecting the market growth.
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- Compare and evaluate various options affecting the market.
- Pick up on the leading market players within the market.
- Envision the restrictions and restrains that are likely to hamper the market.
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