Smart Pills Market Signal A New Age Of Healthcare : The FDA has approved the first digital pill

The Smart pills market in 2014 is valued at $1.56 billion. It is forecasted to reach $3.83 billion in the year 2020, growing at a CAGR of 16.16% (2014 – 2020). This will continue to reach $8.98 billion by the year 2024, growing at a CAGR of 23.7% (2020 –

(EMAILWIRE.COM, July 25, 2018 ) 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).

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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 regarding swallowing a microchip are hindering the growth of this market.

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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.

The prominent players in the global smart pills market include CapsoVision, Inc. (U.S.), Given Imaging, Inc. (Israel), Medimetrics S.A. de C.V. (Mexico), Olympus Corporation (Japan), and Bio-Images Research Limited (U.K.).



List of relevant customizations that can be offered for Smartpills Market report: -

1.Clinical trial summary of smart pills
2.Patent Analysis
3.Technology road map (Advent of this technology in a detailed way: company/technology/inventor/invention map)
4.Latest Smart pills technology updates
5.Additional company profiles

Scope of the Report

This research report categorizes the smart pills market into the following segments and subsegments:

Smart Pills Market, by Application

Capsule Endoscopy
Drug Delivery
Patient Monitoring
Smart Pills Market, by Region

North America
Europe
Asia
RoW
Pacific Countries
Africa
Latin America