Smart Pills Market Report 2017 is a professional and in-depth study on the current state of the Smart Pills Market insight. Global Smart Pills Market reaching $3.83 billion by 2024 at growth rate of 17.2%. Report provides market size, share, growth, trend, supplier, top player, manufacturer, demand, outlook, opportunities, competitors, production, revenue analysis forecast to 2024 from 2017.
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Growing demand for non-invasive procedures, sophisticated drug delivery techniques, and improved patient monitoring solutions are propelling the growth of this market. Companies are increasingly focusing on investing in R&D activities for the development of the smart pills technology in order to meet consumer expectations and to help in the treatment of various diseases.
Smart Pills Companies Profiled In Report: CapsoVision, Inc. (U.S.), Given Imaging, Inc. (Israel), Medimetrics S.A.de C.V.
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(Mexico), Olympus Corporation (Japan), and Bio-Images Research Limited (U.K.).
The global smart pills market is segmented on the basis of applications and regions. The market by applications is categorized into capsule endoscopy, drug delivery, and patient monitoring.
On the basis of regions, the market is divided into North America, Europe, Asia, and Rest of the World (RoW: Pacific countries, Africa, and Latin America).
Factors such as favorable reimbursement scenario, patient preference for minimally invasive procedures, technological advancements in endoscopy procedures, and rising prevalence of colon cancer are driving the growth of this market. Moreover, benefits provided by the smart pills technology such as technological advancements in endoscopy procedures, targeted drug delivery, and easy remote patient monitoring are propelling the adoption of this technology.
On the other hand, in spite of numerous benefits offered by the smart pills technology, certain barriers such as technological incompetence of capsule endoscopes, high costs, and fear among patients rgarding swallowing a microchip are hindering the growth of this market.
North America is the largest market. The high growth of this region can be attributed to the favorable reimbursement scenario, FDA approvals for smart pills, and rising investments by government and other agencies.
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List of relevant customizations that can be offered for Smartpills Market report: -
- Clinical trial summary of smart pills
- Patent Analysis
- Technology road map (Advent of this technology in a detailed way: company/technology/inventor/invention map)
- Latest Smart pills technology updates
- Additional company profiles
Smart Pills Market Overview –
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in garnering a greater market share. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.
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