Statistical analysis of Smart Pills Market has been published by Absolute Markets Insights. This review report further incorporates diverse offering methodologies to build the result of the businesses. Leading players have been examined on the basis of revenue, productivity, applications and end users. SWOT and Porter's Five Analysis have been utilized while curating this report that gives better comprehension of existing organizations. Entire demand and supply chain of Smart Pills market have been included to give detailed description about requirements of global as well as domestic clients.
Top Key Players includes: BDD Pharma Ltd, CapsoVision, Inc, Check-Cap, etectRx, HQ, Inc., Jinshan Science & Technology (Group) Co., Ltd., Medimetrics Personalized Drug Delivery B.V., Medtronic, Olympus, Veloce Digital Health
The global smart pills market was valued at US$ 3234.14 Mn in 2020 and is anticipated to grow at a CAGR of +18.50% over the forecast period (2021-2030). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.
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North America accounted for the highest market share in the global smart pills market in 2019. The greater awareness regarding the use of smart pills in countries like the U.S. and Canada, coupled with the higher investment in technological innovation in healthcare is a major reason for the greater share of North America in the global smart pills market. However, the APAC region is expected to show the highest growth during the forecast years in the global smart pills market.
Diagnostic imaging accounted for a considerable share in the global smart pills market as far as the applications of smart pills are concerned. The ability of the smart pills to provide accurate imaging of the digestive tract, with a greater degree of accuracy, is leading due to the growth of smart pills for diagnostic imaging.
Acute gastrointestinal bleeding segment is expected to show considerable growth in the global smart pills market during the forecast years. Gastrointestinal bleeding is a major concern amongst the healthcare professionals as it can lead to complications, thereby increasing the fatality rate. Studies show that the annual expenditure on gastro-related illnesses was around US$ 136 billion in the U.S. alone. Smart pills can help in the faster diagnosis of gastrointestinal illnesses, especially internal bleeding in the small intestine, thereby saving countless lives.
Global Smart Pills Market: Report Scope
By Application
- Diagnostic Imaging
- Vital Sign Monitoring
- Targeted Drug Delivery
By Area
- Esophagus
- Stomach
- Small Intestine
- Large Intestine
- Others
By Disease Indication
- Acute gastrointestinal bleeding
- Crohn’s disease (CD)
- Esophagitis and Barrett’s esophagus
- Others
By Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral viewpoint on the market performance
- Recent industry trends and developments
- Competitive landscape & approaches of major players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- Detailed analysis of the Smart Pills Market
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