Smart Pills Market Analysis by Size and Share of Competitive landscape Future Trends and Industry Expansion Outlook - 2023

Global Smart Pills Market Is currently worth USD 1,800 million. Furthermore, the market is expected to demonstrate a robust CAGR of 14.2% during the forecast period (2018–2023).

Smart Pills Market Overview

The smart pills are mostly found in the form of a vitamin capsule sized pill, containing a small wearable sensor patch, in addition to an application on mobiles as well as a provider portal. After swallowing a smart pill, its activation in the gut occurs; after which the sensors offer information with regard to the patient’s health parameters coupled with the effectiveness of the treatment.

Smart pills refer to the capsule-sized medical devices that are ingestible and contain elements like cameras, sensors, trackers, and patches. These devices are used for improved diagnostics along with patient monitoring and targeted drug delivery.

Leading Companies

The leading companies within the worldwide smart pills market include,

• CapsoVision Inc.
• MEDTRONIC
• FUJIFILM Holdings Corporation
• Proteus Digital Health Inc.
• Olympus Corporation
• BDD Limited
• Check-Cap
• JINSHAN Science & Technology
• PENTAX Medical
• MEDISAFE
• RF Co. Ltd.
• among others.

Avail Free Sample of Smart pills are also considered to be a revolutionary aspect in the field of gastrointestinal diagnosis. Due to being non-invasive, smart pills are touted to be a compelling alternative approach compared to the invasive procedures including colonoscopy/ gastrointestinal endoscopy.

A sizeable expansion of the geriatric population, alarming rise in chronic disorders like diabetes, cancer, and others, and the growth in the prevalence of lifestyle-associated disorders like gastroesophageal reflux disease (GERD), obesity, gastric ulcers, and others are having a lucrative effect on the growth of the smart pills market.

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Smart Pills Market Segmentation

The worldwide smart pills market is segmented based on application, target area, disease indication, and end-user.

With respect to the application, the market has been segmented into capsule endoscopy, drug delivery, patient monitoring, and others. The types of capsule endoscopy are small bowel capsule endoscopy, controllable capsule endoscopy, colon capsule endoscopy, and others. The types of patient monitoring include capsule pH monitoring and others.

depending on the target area, has been categorized into esophagus, small intestine, large intestine, and stomach.

The disease indication section has been considered for esophageal diseases, small bowel diseases, colon diseases, and others.

The end-users covered by the report are hospitals, diagnostic center, and research institute.

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