Smart Pills Technology Market Statistics 2020 | Industry Growth, Share & Regional Forecast To 2026
Category: #headlines  By Ronak Bora  Date: 2020-07-21
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Smart Pills Technology Market Statistics 2020 | Industry Growth, Share & Regional Forecast To 2026

A detailed synopsis of the smart pills technology market has been presented in this research report. The synopsis has been charted out keeping in mind certain vital parameters such as global trends, industry insights, growth drivers, industry ecosystem analysis, and market segmentation. Details about the various companies constituting he competitive landscape of global market as well as the regional bifurcation of this industry from a global standpoint is outlined in the study, in addition to the impact of the regulatory frame of reference worldwide.

Recent technological advancements in smart pills such as minuscule cameras and embeddable wireless device allows the patients to detect any health concerns, diseases and other problems sooner, hence increasing the product demand. Also, the increasing use of smart pills in maintaining and monitoring adherence to medication will help drive the smart pills technology market growth.

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What are some of the pivotal parameters that the smart pills technology market report encompasses pertaining to the technology landscape?

Capsule endoscopy is anticipated to show robust growth in the forecast timeframe. It is regarded as a main technological innovation that influence management and diagnosis of various gastrointestinal diseases such as bowel diseases, esophageal disorders, and colonic disorders. Capsule endoscopy segment is gaining strong foothold in the smart pills technology market owing to various complete gastrointestinal examinations that include intestine, esophagus and stomach.

Market segmentation as per the technology landscape: Capsule Endoscopy, Patient Monitoring, Drug Delivery, etc.

Market Share:

  • The market share accounted for by each of the technology segments in the industry.
  • The market share that each of the sub-segments are projected to hold in the smart pills technology industry.

Revenue:

  • The target remuneration that the technology segments will accrue by the end of the forecast period.
  • The growth rate which the technology segments will depict over the projected duration.

What are some of the pivotal parameters that the smart pills technology market report encompasses pertaining to the disease landscape?

Crohn's disease is estimated to show lucrative growth in the forthcoming years. According to the Center for Disease Control and Prevention (CDC), in 2015, around 3 million U.S. adults were diagnosed with Crohn’s disease. Rising prevalence of Crohn's disease in young population aged between 15 and 30 along with several environmental factors that increase the severity of the disease will augment the growth of smart pills technology market in the Crohn's disease segment.

Market segmentation as per the disease landscape: Crohn’s Disease, Celiac Disease, Inherited Polyposis Syndromes, Small Bowel Tumors, Occult GI Bleeding, etc.

Market Share:

  • The market share that each of the disease segments hold presently in the industry.
  • The market share that each of the sub-segments may account for in the smart pills technology industry.

Revenue:

  • The target remuneration that the disease segments will procure by the end of the forecast duration.
  • The growth rate that the disease segments will show over the projected period.

Regional evaluation:

Regional categorization: As per the report, the regional landscape of the smart pills technology market is split into –

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Some of the key industry players are Boston Scientific Corporation, GE Healthcare, Given Imaging Ltd, Microchips, Novartis AG, Olympus Medical Technology, Phillips, Pixie Scientific, Proteus Pharmaceuticals, and Vitality. The players focus on major strategies such as new product launch and development along with strategic alliances to expand their business product portfolio.

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The smart pills technology market research document is an extensive collection of pivotal insights pertaining to the industry. In a nutshell, the market study aims to educate potential investors about the market scenario and future prospects. The report also endorses details about the industry pitfalls and challenges as well as the industry impact forces.

 

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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