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Smart Pills Market Overview, Business Module, Types, Industry Development, and Detailed Business Analysis till 2026

ReportsnReports recently added its expanding repository with a new research study. The research report, entitled Smart Pills Market mainly includes a detailed segmentation of this sector that is expected to generate massive returns by the end of the forecast period, showing an appreciable growth rate on an annual basis over the coming years. The research study also discusses the need for Smart Pills Market explicitly.

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The Smart Pills market has witnessed growth from USD XX million to USD XX million from 2014 to 2019. With the CAGR of X.X%, this market is estimated to reach USD XX million in 2026.

The report mainly studies the size, recent trends and development status of the Smart Pills market, as well as investment opportunities, government policy, market dynamics (drivers, restraints, opportunities), supply chain and competitive landscape. Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream applications. Moreover, Porter’s Five Forces Analysis (potential entrants, suppliers, substitutes, buyers, industry competitors) provides crucial information for knowing the Smart Pills market.

Major players in the global Smart Pills market include:
Karl Storz
Given Imaging
Medtronic
Medimetrics
MediSafe
Bio-Images Research Limited
Olympus
Capsovision
Proteus Digital Health
Novartis

On the basis of types, the Smart Pills market is primarily split into:
Endoscopy
Monitoring use drugs
Others

On the basis of applications, the market covers:
Capsule Endoscopy
Drug Delivery
Patient Monitoring

Geographically, the report includes the research on production, consumption, revenue, market share and growth rate, and forecast (2014-2026) of the following regions:
United States
Europe (Germany, UK, France, Italy, Spain, Russia, Poland)
China
Japan
India
Southeast Asia (Malaysia, Singapore, Philippines, Indonesia, Thailand, Vietnam)
Central and South America (Brazil, Mexico, Colombia)
Middle East and Africa (Saudi Arabia, United Arab Emirates, Turkey, Egypt, South Africa, Nigeria)
Other Regions

Chapter 1 provides an overview of Smart Pills market, containing global revenue, global production, sales, and CAGR. The forecast and analysis of Smart Pills market by type, application, and region are also presented in this chapter.
Chapter 2 is about the market landscape and major players. It provides competitive situation and market concentration status along with the basic information of these players.
Chapter 3 provides a full-scale analysis of major players in Smart Pills industry. The basic information, as well as the profiles, applications and specifications of products market performance along with Business Overview are offered.
Chapter 4 gives a worldwide view of Smart Pills market. It includes production, market share revenue, price, and the growth rate by type.
Chapter 5 focuses on the application of Smart Pills, by analyzing the consumption and its growth rate of each application.
Chapter 6 is about production, consumption, export, and import of Smart Pills in each region.
Chapter 7 pays attention to the production, revenue, price and gross margin of Smart Pills in markets of different regions. The analysis on production, revenue, price and gross margin of the global market is covered in this part.
Chapter 8 concentrates on manufacturing analysis, including key raw material analysis, cost structure analysis and process analysis, making up a comprehensive analysis of manufacturing cost.
Chapter 9 introduces the industrial chain of Smart Pills. Industrial chain analysis, raw material sources and downstream buyers are analyzed in this chapter.
Chapter 10 provides clear insights into market dynamics.
Chapter 11 prospects the whole Smart Pills market, including the global production and revenue forecast, regional forecast. It also foresees the Smart Pills market by type and application.
Chapter 12 concludes the research findings and refines all the highlights of the study.
Chapter 13 introduces the research methodology and sources of research data for your understanding.

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Years considered for this report:
Historical Years: 2014-2018
Base Year: 2019
Estimated Year: 2019
Forecast Period: 2019-2026

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Market Reports

Smart Pills market is booming worldwide | Proteus Digital Health, CapsoVision, Medtronic, Olympus Corporations, IntroMedic

Overview Of Smart Pills Industry 2020-2026:

This has brought along several changes in This report also covers the impact of COVID-19 on the global market.

The Smart Pills Market analysis summary by Reports Insights is a thorough study of the current trends leading to this vertical trend in various regions. Research summarizes important details related to market share, market size, applications, statistics and sales. In addition, this study emphasizes thorough competition analysis on market prospects, especially growth strategies that market experts claim.

Smart pills are capsule-sized ingestible medical devices consisting of elements such as sensors, cameras, patches, and trackers that help in better diagnostics, patient monitoring, as well as targeted drug delivery.
They are majorly available in the form of a vitamin capsule sized pill and possess small wearable sensor patch, an application on a mobile device, and a provider portal. Once swallowed, it gets activated in the gut; the sensors provide information about patient’s health parameters and the effectiveness of medication treatment leading to more informed healthcare decisions and optimized therapies.

Smart Pills Market competition by top manufacturers as follow: , Proteus Digital Health, CapsoVision, Medtronic, Olympus Corporations, IntroMedic

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The global Smart Pills market has been segmented on the basis of technology, product type, application, distribution channel, end-user, and industry vertical, along with the geography, delivering valuable insights.

The Type Coverage in the Market are:
Esophagus
Small Intestine
Large Intestine
Stomach

Market Segment by Applications, covers:
Capsule Endoscopy
Drug Delivery
Patient Monitoring

Market segment by Regions/Countries, this report covers
North America
Europe
China
Rest of Asia Pacific
Central & South America
Middle East & Africa

Major factors covered in the report:

  • Global Smart Pills Market summary
  • Economic Impact on the Industry
  • Market Competition in terms of Manufacturers
  • Production, Revenue (Value) by geographical segmentation
  • Production, Revenue (Value), Price Trend by Type
  • Market Analysis by Application
  • Cost Investigation
  • Industrial Chain, Raw material sourcing strategy and Downstream Buyers
  • Marketing Strategy comprehension, Distributors and Traders
  • Study on Market Research Factors
  • Global Smart Pills Market Forecast

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The analysis objectives of the report are:

  • To know the Global Smart Pills Market size by pinpointing its sub-segments.
  • To study the important players and analyse their growth plans.
  • To analyse the amount and value of the Global Smart PillsMarket, depending on key regions
  • To analyse the Global Smart Pills Market concerning growth trends, prospects and also their participation in the entire sector.
  • To examine the Global Smart Pills Market size (volume & value) from the company, essential regions/countries, products and application, background information.
  • Primary worldwide Global Smart Pills Market manufacturing companies, to specify, clarify and analyse the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for future.
  • To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.

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Categories
Coronavirus News

Smart Pills Market Analysis with Impact of COVID-19 on Growth Opportunity by 2026

Integration of smart technologies in pills has instrumented a ground-breaking transformation in the global healthcare marketplace. Initially, consumers and patients were diffident towards invasive surgical procedures and drug administration, albeit, their perspectives have undergone changes.

There is a growing uptake for indigestible medical devices, which has propelled the consumption of smart pills. Elements such as cameras, trackers and sensors are being integrated in smart pills, making them a key tool to assess the health of consumer from within the body.

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Company Profiles

  • CapsoVision, Inc.
  • Given Imaging, Inc.
  • Medimetrics S.A. de C.V.
  • Olympus Corporation
  • Bio-Images Research Limited
  • Medtronic
  • Proteus digital Health
  • MediSafe
  • Boston Scientific Corporation
  • GE Healthcare

Report To Be Covered

  • Sales Revenue: Market Share, Growth Rate, Current Market Analysis.
  • Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
  • Industry Trends: United States and Other Regions Revenue, Status and Outlook.
  • Market Segment: By Types, By Applications, By Regions/ Geography.
  • Market Environment: Government Policies, Technological Changes, Market Risks.
  • Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.
  • Competitive Landscape: By Manufacturers, Development Trends, Marketing Area

In the near future, smart pills will gain grounds in diagnostics and health monitoring applications. These unique devices are being widely used in non-invasive examination of gastrointestinal diseases. Companies developing smart pills are extending their functions in assessment of health across a range of physiological metrics.

With evolution in medical technology, the data procured by smart pills is becoming highly accurate and these pills are strengthening the patient adherence towards measuring medications.

Persistence Market Research’s recently published report on the global smart pills market projects that the demand for these miniaturized devices will gain traction during the forecast period, 2017-2026. The report projects that by the end of 2026, more than US$ 3.1 Bn worth of smart pills will be sold globally.

Over the forecast period, the global smart pills market is pegged to expand robustly at a CAGR of 14.5%. The study projects that the future prospects of smart pills will majorly revolve around their growing use as a device that can monitor daily medicine intake of consumers.

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Drug Delivery Applications of Smart Pills to Gain Traction

The report estimates that in 2017, smart pills worth over US$ 300 Mn have been sold globally for their use in drug delivery applications. Increasing non-adherence of patients towards medication intake has driven the medical professionals such as doctors in compelling their patients to consume smart pills.

Miniscule sensors embedded in smart pills are being used to detect the presence of elements in stomach, and this information is being transmitted to the patch worn by patients. The procured data reveals the daily medicine intake of the patients and allows the doctors to facilitate effective drug delivery while monitoring the health of patients.

The report also reveals that capsule endoscopy will be the leading application in the global smart pills market through 2026.

Esophagus to Represent Key Target Area for Positioning of Smart Pills

Through 2026, majority of medical professionals will allow the patients to consume smart pills and get them positioned in the esophagus. Effectiveness of smart pills in detecting the presence of different elements being consumed through food or medicine will continue to drive their positioning in the esophagus target area.

By the end of 2026, more than US$ 1.2 Bn worth of smart pills to be sold in the global market will be used for targeting the esophagus.

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