Global Smart Pills Market, 2016-2024

nancymoore

Favorable reimbursement scenario across the globe is the significant reason that is propelling the growth of the global market.

Published By:Zion Market Research

Smart Pills Market: Worldwide Key Industry Segments & Forecast, 2016-

2024

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Smart Pills Market

Global Smart Pills Market: Overview

Smart pill is an ingestible pill that procedures force, temperature, and pH as it moves

through the gastrointestinal area to charge gastrointestinal motility. Smart pill gets rid of

radiation disclosure and is the only motility analysis that offers an entire transfer profile of

the gastrointestinal area.

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Global Smart Pills Market: Growth Factors

Favorable reimbursement scenario across the globe is the significant reason that is

propelling the growth of the global market. Further, the prevalence of gastrointestinal

disorders is also fueling the global smart pills market growth. Additionally, factors such as

controlled drug delivery increased sophistication in endoscopy procedures, and remote

patient monitoring offered by smart pills are one of the significant factors fueling the growth

of the global smart pills market. Adding more to the list, technological advancements is

powering the growth of the global market. In addition to this, rising occurrence of colon

cancer is also escalating the growth of the global market. Further, advantages provided by

the smart pills technology are also fueling the global smart pills market growth. Adding more

to the list, rising demand of smart pills from the industry is powering the growth of the global


Smart Pills Market

market. Additionally, patient fondness for minimally invasive procedures is one of the

significant reasons fueling the growth of the global smart pills market.

On the other hand, the technological ineffectiveness of pill endoscopes is the main reason

that restrains the growth of the global market. Moreover, high costs also hinder the growth

of global smart pills market. Further, panic among patients concerning gulping down a

microchip is hampering the global market. Moving further, poor adaptation of technology is

also the main factor that restrains the global smart pills market

Global Smart Pills Market: Segmentation

On the basis of applications, the global smart pills market is mainly classified as patient

monitoring, drug delivery, capsule endoscopy, and others. The capsule endoscopy subsegment

is further divided based on the application as abdominal pain, unexplained

bleeding, ulcers, iron deficiency, polyps & tumors of a small intestine.

Based on geography, the global market is bifurcated into North America, the Middle East

and Africa, Asia-Pacific, and Europe.

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Global Smart Pills Market: Regional Analysis

Favorable reimbursement scenario has elevated the global market in North America. Also,

the prevalence of gastrointestinal disorders is escalating the global market specifically in the

U.S. Factors such as controlled drug delivery, increased sophistication in endoscopy


Smart Pills Market

procedures, and remote patient monitoring offered by smart pills are boosting the global

market in India, China, and Japan. Technological advancements have elevated the global

market mainly in other parts of Asia Pacific. Also, rising prevalence of colon cancer is also

escalating the global market in Germany. Reduction in the energy consumption has fueled

the global market in the Europe. Also, patient preference for minimally invasive procedures

is propelling the global market in the Middle East and Africa.

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Global Smart Pills Market: Competitive Players

Some of the key players in the global market for smart pills are Olympus Medical

Technology, Boston Scientific Corporation, Siemens Healthcare, Smart pill Inc, Medtronic

Inc, Pentax Medical Company, Philips Healthcare, Philips Healthcare, Novartis, Given

Imaging Ltd, Stryker Corporation, and GE Healthcare.

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Smart Pills Market

Zion Market Research

Address: 4283, Express Lane, Suite 634-143, Sarasota, Florida 34249, United States

Tel: +1-386-310-3803 GMT

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