A new Report by Delvens, titled "Smart Pills Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global smart pills market is anticipated to reach USD 832.8 million at a CAGR of 16.5% during the forecasting period to 2028.
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It has been analyzed that smart pills technology will assist patients and doctors so as to track increasing patient adherence, drug regimen compliance. Factors such as increasing bent towards minimally invasive procedures, rising cases of colon cancer, growing technological advancement in endoscopy procedures are driving the market for smart pills.
Key players in the global smart pills market are:
· Olympus Corporation (Japan),
· CapsoVision, Inc. (U.S.),
· Medimetrics S.A. de C.V. (Mexico),
· Given Imaging, Inc. (Israel),
· Bio-Images Research Limited (U.K.) among others
Regional Analysis:
North America region is the largest contributor to the smart pills market in the forecast period 2020-2028 and the Asia-Pacific region is expected to expand with the highest growth rate during the forecast period 2020-2028.
The Report helps to identify the opportunities in Global Regions:
· North America (the United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
· South America (Brazil etc.)
· The Middle East and Africa (North Africa and GCC Countries)
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Recent Developments
The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:
In 2019, Proteus launched smart chemotherapy pills for improving outcomes in cancer patients
In 2019, Stanley Black & Decker and Pillo Health launched a pill-dispensing robot companion. It has been designed to help patients with chronic conditions for maintaining their medication schedule and health with the help of a built-in voice assistant to communicate with caregivers and patients.
Key Findings:
· The global smart pills market is segmented into area, application, and geography.
· Area segment is sub-segmented into the stomach, esophagus, small intestine, and large intestine
· The application segment is segmented into patient monitoring, capsule endoscopy, and drug delivery
· On the basis of application, the capsule endoscopy segment is expected to dominate the market for smart pills market during the forecast period 2020-2028
· Geographically, the global smart pills market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions.
Key Features of Global Market Report:
· Analyze competitive developments like expansions, deployments, new product launches, and acquisitions.
· Identify growth opportunities for stakeholders by pinpointing high-growth segments.
· Study global industries status and forecast, focusing on key regions.
· Conduct an in-depth analysis of product segments and applications, offering strategic recommendations for competitive advantage.
· Provide a comprehensive analysis of key regions, including SWOT and Porter's Five Forces analyses.
· Assist in making strategic business decisions and investment plans.
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