Smart Pill Technologies Market by Application and by Region 2016-2021
Smart Pill Technologies Market by Application (Capsule Endoscopy (Small Bowel Video Capsule Endoscopy, Colon Capsule Endoscopy, OMOM Capsule Endoscopy Platform), Drug Delivery, Patient monitoring), and by Region
(EMAILWIRE.COM, August 18, 2017 ) According to the report Global Smart Pill Technologies market, published by Market Data Forecast, the Market has been estimated at USD 2200 Million in 2016 and is projected to reach USD 4927.33 Million by 2021, at a CAGR of 17.5% during the forecast period from 2016 to 2021. Smart pill technology is used to diagnose gastrointestinal (GI) disorders such as constipation and gastroparesis. Smart pill technology functions by providing the practitioner, with information pertaining to various parameters such as pH, temperature and pressure of gastrointestinal tract. Smart pill is a nascent technology that holds immense potential in the field of medical diagnostics.
The market for Smart Pill Technologies is mainly driven due to rising prevalence of geriatric gastrointestinal diseases, changing lifestyle which includes shift in diet pattern and aging population, as elderly people are at a higher risk of acquiring various gastrointestinal diseases such as ulcerative colitis and IBD. But, the market growth can be restrained due to technological incompetence of capsule endoscopes, high costs and possible health risks associated with a smart pill inserted into the body.
Browse market data tables and in-depth TOC of the Global Smart Pill Technologies Industry to 2021 @ http://www.marketdataforecast.com/market-reports/global-smart-pill-technologies-market-1683/
Global market for Smart Pill Technologies is segmented based on Application. By Application, the market is further sub-segmented into Capsule Endoscopy, Drug Delivery, Patient monitoring. Capsule Endoscopy segment is further sub-segmented into Small Bowel Video Capsule Endoscopy, Colon Capsule Endoscopy, OMOM Capsule Endoscopy Platform, MiroCam, Upgraded MiroCam and Advanced Capsule Endoscope, The ANKON MCE System and CapsoCam. Capsule endoscopy segment is expected to be one of the largest markets owing to the advantages attached such as disease diagnosis in small intestine. Drug delivery market is also expected to experience growth due to the benefit of improving medication efficiencies, improving patient compliance & convenience, and fast paced technology.
Free sample of the report is available @ http://www.marketdataforecast.com/market-reports/global-smart-pill-technologies-market-1683/request-sample
Geographically, Global market for Smart Pill Technologies is segmented into North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa. North America is the biggest market in terms of market share across the globe, followed by Europe. The market in North America is highly driven due to favorable reimbursement scenario, FDA approvals for smart pills, and rising investments by government and other agencies. The Smart Pill Technologies market in the Asia-Pacific region is projected to grow at the highest CAGR, which is greatly due to increasing reimbursements, training in endoscopes handling, and huge corporate investments in R&D.
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CapsoVision, Inc., Given Imaging, Inc., Medimetrics S.A. de C.V., Olympus Corporation, Bio-Images Research Limited, Novartis, Given Imaging Ltd, Philips Healthcare, Smartpill, Inc., Medtronic, Inc., Pentax Medical Company, Siemens Healthcare, Stryker Corporation, GE Healthcare, Boston Scientific Corporation, IntroMedic Inc., Chongqing Jinshan Science & Technology Group Co. Ltd., Proteus Digital Health Inc., are the major players of Global Smart Pill Technologies market.
About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
The market for Smart Pill Technologies is mainly driven due to rising prevalence of geriatric gastrointestinal diseases, changing lifestyle which includes shift in diet pattern and aging population, as elderly people are at a higher risk of acquiring various gastrointestinal diseases such as ulcerative colitis and IBD. But, the market growth can be restrained due to technological incompetence of capsule endoscopes, high costs and possible health risks associated with a smart pill inserted into the body.
Browse market data tables and in-depth TOC of the Global Smart Pill Technologies Industry to 2021 @ http://www.marketdataforecast.com/market-reports/global-smart-pill-technologies-market-1683/
Global market for Smart Pill Technologies is segmented based on Application. By Application, the market is further sub-segmented into Capsule Endoscopy, Drug Delivery, Patient monitoring. Capsule Endoscopy segment is further sub-segmented into Small Bowel Video Capsule Endoscopy, Colon Capsule Endoscopy, OMOM Capsule Endoscopy Platform, MiroCam, Upgraded MiroCam and Advanced Capsule Endoscope, The ANKON MCE System and CapsoCam. Capsule endoscopy segment is expected to be one of the largest markets owing to the advantages attached such as disease diagnosis in small intestine. Drug delivery market is also expected to experience growth due to the benefit of improving medication efficiencies, improving patient compliance & convenience, and fast paced technology.
Free sample of the report is available @ http://www.marketdataforecast.com/market-reports/global-smart-pill-technologies-market-1683/request-sample
Geographically, Global market for Smart Pill Technologies is segmented into North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa. North America is the biggest market in terms of market share across the globe, followed by Europe. The market in North America is highly driven due to favorable reimbursement scenario, FDA approvals for smart pills, and rising investments by government and other agencies. The Smart Pill Technologies market in the Asia-Pacific region is projected to grow at the highest CAGR, which is greatly due to increasing reimbursements, training in endoscopes handling, and huge corporate investments in R&D.
Inquire before buying @ http://www.marketdataforecast.com/market-reports/global-smart-pill-technologies-market-1683/inquire
CapsoVision, Inc., Given Imaging, Inc., Medimetrics S.A. de C.V., Olympus Corporation, Bio-Images Research Limited, Novartis, Given Imaging Ltd, Philips Healthcare, Smartpill, Inc., Medtronic, Inc., Pentax Medical Company, Siemens Healthcare, Stryker Corporation, GE Healthcare, Boston Scientific Corporation, IntroMedic Inc., Chongqing Jinshan Science & Technology Group Co. Ltd., Proteus Digital Health Inc., are the major players of Global Smart Pill Technologies market.
About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
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Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
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Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results