An increase in the geriatric population, growing prevalence of lifestyle-related disorders such as obesity, gastric ulcers, gastroesophageal reflux disease (GERD), and others, and rise in chronic disorders such as cancer, diabetes, and others are major factors fueling the growth of Smart Pills Market.
Jersey City, New Jersey, Dec. 08, 2021 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Smart Pills Market” By Application (Capsule Endoscopy, Drug Delivery, and Patient Monitoring), and By Geography. According to Verified Market Research, the Global Smart Pills Market size was valued at USD 3.63 Billion in 2020 and is projected to reach USD 11.45 Billion by 2028, growing at a CAGR of 15.36 % from 2021 to 2028.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=32983
Browse in-depth TOC on “Smart Pills Market”
202 - Pages
126 – Tables
37 – Figures
Global Smart Pills Market Overview
The rising need for minimally invasive devices that are suitable and offer accurate therapeutic treatment strategies has led to an interest in research on smart pills. The key players in the market offer high-value products like Insulet Omnipod, the Medtronic MiniMed, and Animas OneTouch Ping. These systems combine features of a drug reservoir, a blood sugar monitor, insulin pump, and handheld management devices. Smart pills have revolutionized the field of gastrointestinal diagnosis and since they are non-invasive, can be considered as an alternative approach against invasive procedures such as gastrointestinal endoscopy/colonoscopy.
A considerable increase in the geriatric population, along with the rise in chronic disorders such as diabetes, cancer, and others, and surge in occurrence of lifestyle-related disorders, such as gastroesophageal reflux disease (GERD), obesity, gastric ulcers, and others majorly drive the growth of the Smart Pills Market in coming years. In addition, increased R&D investments in developing advanced medical devices such as smart pills further boost the market growth.
On the other hand, the high cost associated with the ingestible sensors and stringent government regulations regarding the increased use of these devices is the factors anticipated to restrain the growth of the market. Moreover, the rise in technological advances relating to smart pills such as micro-cameras, miniaturization, bioelectronics, availability of microprocessors, and others are predicted to offer lucrative opportunities in the future.
The major players in the market are GE Healthcare, Boston Scientific Corporation, Given Imaging, Inc., Olympus Corporation, Bio–Images Research Ltd., Medimetrics S.A. DE C.V, Karl Storz Gmbh & Co. KG, Fujifilm Holdings Corporation, Cerner Corporation, and Proteus Digital Health, Inc.
Verified Market Research has segmented the Global Smart Pills Market On the basis of Application, and Geography.
Smart Pills Market, By Application
Smart Pills Market by Geography
Rest of Europe
Rest of Asia Pacific
Middle East & Africa
Browse Related Reports:
Microfluidics Market By Type (Microfluidic Sensors, Microfluidic Needles, Microfluidic Pumps), By Material (Glass, Polymer, Silicon, PDMS), By Application (in Vitro Diagnostics, Capillary Electrophoresis, Genomics), By Geography, Forecast, 2021-2028
Smart Healthcare Products Market By Product (electronic health records, smart pills, smart syringes, RFID Systems), By Distribution Channel (pharmacy stores, e-commerce), By Geography, Forecast, 2021-2028
Pupillometer Market By Product Type (Hand-Held Pupillometer, Table-Top Pupillometer), By Application (Ophthalmology, Neurology, Cancer), By End User (Hospital, Eye Clinic, Optical Shop, Online Sellers), By Geography, Forecast, 2021-2028
Human Identification Market By Technology (Capillary Electrophoresis, Polymerase Chain Reaction), By Products And Services (Consumables, Services), By End User (Forensic Laboratories, Research Centers and Academic And Government Institutes), By Application (Forensic Applications, Paternity Identification), By Geography, Forecast, 2021-2028
Top 5 Acute Ischemic Stroke Drug Manufacturers offering breakthrough solutions
Visualize Smart Pills Market using Verified Market Intelligence:-:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals, and critical revenue decisions.
Our 250 Analysts and SME’s offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.
CONTACT: Mr. Edwyne Fernandes Verified Market Research® US: +1 (650)-781-4080 UK: +44 (753)-715-0008 APAC: +61 (488)-85-9400 US Toll Free: +1 (800)-782-1768 Email: email@example.com Web: https://www.verifiedmarketresearch.com/ BI Enabled Platform: https://www.verifiedmarketresearch.com/vmintelligence/ Follow Us: LinkedIn | Twitter