Smart Pills Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Category : Healthcare and Pharmaceuticals | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC527

Introduction

Smart pills are the medical devices which are increasingly used in invasive surgeries and have effectively reduced the gap between healthcare and technology. These pills contain drug and ingestible sensor which on contact with stomach fluid detects the type of pill taken by body. For instance, recently FDA approved the use of smart pill named “Abilify MyCite” in United States. This pill is developed by Proteus Digital Health in collaboration with Otsuka Pharmaceutical Co., Ltd. It transfers the information to smart phone which is paired to an app. This data is further accessed by the doctor via a web portal, thus helping in monitoring the condition of patient.

Market Dynamics

The central point driving the smart pills market is the positive repayment situation over the globe, quiet inclination for insignificantly obtrusive strategies, and rising instances of colon tumor. In addition, benefits offered by smart pills innovation, for example, expanded modernity in endoscopy systems, controlled medication conveyance, and remote patient checking are bringing about the expanding appropriation of keen pills innovation. In any case, mechanical ineptitude of endoscopes, high expense, and fear among patients of swallowing a microchip are few limitations of this technology.

Market Classification and Overview

The global smart pills market can be segmented on the basis of product and geography. On the basis of product, the market is segmented into capsule endoscopy, drug delivery, tools, and patient monitoring software. The product segment accounted for the maximum market share in 2016 and is expected to continue its dominance over the forecast period. Other factors responsible for the market development are disposable tendency of capsules, repetitive usage, as well as their rising cost. Based on geography, the market is divided into North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. Asia-Pacific is poised to grow rapidly in the forecasted years due to implementation of necessary healthcare insurance, advancement in technology and rising prevalence of gastrointestinal disorders.

Report Coverage

Market

 Smart Pills Market

Analysis Period

 2015 – 2026

Historic Data

 2015 – 2016

Base Year

 2017

Forecast Data

 2018 – 2026

Market Stratification

 Product, Geography

Regional Scope

 North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

 Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

 Player Profiling, Value Chain Analysis

Market Participants

Some of the major players in the global smart pills market include Medtronic PLC; Proteus Digital Health; CapsoVision, Inc.; Olympus Corporation; and Medisafe.

Market Segmentation

Market By Product

o   Capsule Endoscopy

o   Drug Delivery

o   Tools

o   Patient Monitoring Software

Market By Geography

·         North America

o   U.S.

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o   Brazil

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA


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