(EMAILWIRE.COM, December 27, 2017 ) According to the report Asia Pacific Smart Pill Technologies Market, published by Market Data Forecast, the Market has been estimated at USD 484.00 Million in 2016 and is projected to reach USD 1126.17 Million by 2021, at a CAGR of 18.4% during the forecast period from 2016 to 2021. Smart Pill Technologies is the use of advanced methods for the preparation of prescription pills which has revolutionized patient monitoring, diagnosis of diseases and improved drug delivery. Smart pill technologies are the converging link between digital technology and healthcare industries. These smart pills have many benefits other than providing signals and alerts when consumed.

The market for Smart Pill Technologies is mainly driven due to willingness from the patients to opt this treatment, easy tracking of the bodily functions and managing prescriptions and the overall heath. Also, factors such as wireless health monitoring and site specific drug delivery are expected to favor the adoption of these technologies by patients and physicians. But, the market growth can be hampered due to technological incompetence of capsule endoscopes, high costs, and fear among patients regarding swallowing a microchip.

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Asia-Pacific 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.

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Geographically, Asia-Pacific market for Smart Pill Technologies is segmented into China, India, Japan, South Korea and Australia. 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 in countries like Japan.

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 Asia-Pacific Smart Pill Technologies market.

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