Envision Report

Published January 10, 2018

Smart Pills Technology Market – Size, Outlook, Trends and Forecasts (2018 – 2024)

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Smart pills or nootropics are small medical and embedded electronic devices such as sensors, cameras, and trackers. This device can be easily swallowed and provides a complete evaluation of the gastrointestinal tract.

Global Smart Pills Technology Market share:

The Global Smart Pills Technology market is segmented by type of technology and geography. On basics of technology, the largest share is in North America especially the US because of the developing technologies, increasing the number of patients, and commercializing of smart pills products.

Global Smart Pills Technology Market size:

Global Smart Pills Technology Market is accounted for USD 1.60 billion in 2017 and expected to grow at a CAGR of 24% to reach USD 8.99 billion by 2024.

Remote monitoring of patients, control of drug delivery, including the massive presence of smart pills vendors, has driven the marketplace for smart pills technology in North America. In the forecast period, Asia Pacific is going to have the fastest growth rate in the market.

Global Smart Pills Technology Market growth:

The market for smart pills technology is driven by factors like rising prevalence of Gastro-Intestinal diseases, minimally invasive surgeries, easy tracking of bodily functions, managing prescriptions and technological developments in capsule endoscopes are favoring the overall growth of the global smart pills diagnostics market.

Global Smart Pills Technology Market Industrial Analysis:

Global Smart Pills Technology Market is segmented on the basis of the type of technology and geography. This technology consists of software, a receiver worn by the patient and a wireless capsule that gives all sort of data regarding the bodily functions of that patient. The growth of the market is driven by technology segment classified by patient monitoring, diagnostic imaging, drug delivery system, and capsule endoscopy.

Global Smart Pills Technology Market Outlook:

Global Smart Pills Technology market is expected to grow at a significant rate over the forecast period and is anticipated to perform well due to awareness regarding various diseases, change the diagnostic procedures and willingness for the smart pill treatment. Many industries and firms are trying to develop new technologies and make advancements to improve the smart pill technology market.

Global Smart Pills Technology Market Trends:

GE Healthcare Inc., providers of science and medical products has acquired Puridify Inc., in November 2017.

Boston Scientific Corporation has completely acquired Apama Medical Inc., in October 2017.

Global Smart Pills Technology Market Research Reports:

  • An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
  • To have complete market analysis through industry value chain analysisPorter’s fivePESTLESWOT analysis, and Y-o-Y analysis.
  • Regional and global diversity is analyzed with the major countries and the unions.
  • Scrutinizing the revenue generation on YearOnYear
  • Identifying DROC in the current market and their impact in altering the market dynamics.
  • Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with major competitors.
  • Expertise investment opportunities by an analyst to the individual and organization to have a better foothold in the market.
  • Identify the latest developments, market shares and strategies that are employed by the major market players, such as:
  • Capsovision Inc.
  • IntroMedic Co., Ltd.,
  • Given Imaging Ltd
  • Boston Scientific Corporation
  • Medimetrics S.A. De C.V.

Chapter 1 Introduction

1.1 Executive Summary

1.2 Market Definition

1.3 Scope of the Study

Chapter 2 Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.3 Analytic Tools and Model

2.4 Economic Indicator

2.4.1 Base Year, Base Currency, Forecasting Period

2.5 Expert Validation

2.6 Study Timeline

Chapter 3 Market Analysis

3.1 Industry Value Chain Analysis

3.2 Porter’s Five Analysis

3.2.1 Bargaining Power of Buyers

3.2.2 Bargaining Power of Suppliers

3.2.3 Threats of Substitutes

3.2.4 Threats of New Entrants

3.2.5 Industry Rivalry

3.3 PESTLE Analysis

3.3.1 Political

3.3.2 Economical

3.3.3 Social

3.3.4 Technological

3.3.5 Legal

3.3.6 Environmental

3.4 SWOT Analysis

3.4.1 Strengths

3.4.2 Weakness

3.4.3 Opportunities

3.4.4 Threats

3.5 Y-O-Y Analyses

Chapter 4 Market Dynamics

4.1 DROC

4.1.1 Drivers

4.1.1.1 Rising prevalence of Gastro-Intestinal diseases.

4.1.1.2 Preference for minimally invasive surgeries

4.1.1.3 Technological developments in capsule endoscopes.

4.1.2 Restraints

4.1.2.1 Raising ethical issues in medical conditions

4.1.2.2 Lack of skilled professionals.

4.1.2.3 High cost.

4.1.3 Opportunities

4.1.3.1 Precisely locate chronic diseases and disorders.

4.1.4 Challenges

4.1.4.1 Reduce side effects

4.1.4.2Cost effective pills

Chapter 6 Market Segmentation by Type of Technology

6.1 Patient Monitoring

6.2 Capsule Endoscopy

6.3 Diagnostics

6.4 Drugs Delivery System

Chapter 6 Market Segmentation by Geography

6.1 North America

6.1.1 Introduction

6.1.2 United States

6.1.3 Canada

6.1.4 Mexico

6.1.5 Others

6.2 Europe

6.2.1 Introduction

6.2.2 Spain

6.2.3 UK

6.2.4 France

6.2.5 Germany

6.2.6 Italy

 

6.2.7 Others

6.3 Asia Pacific

6.3.1 Introduction

6.3.2 China

6.3.3 India

6.3.4 Japan

6.3.5 Australia & New Zealand

6.3.6 Others

6.4 Middle East and Africa

6.4.1 Introduction

6.4.2 South Africa

6.4.3 Middle East Countries

6.4.4 Others

6.5 South America

6.5.1 Introduction

6.5.2 Argentina

6.5.3 Brazil

6.5.4 Others

Chapter 7 Competitive Landscape

7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

7.2 Market Share Analysis

7.3 Strategies Adopted By Top Companies

Chapter 8 Company Profiles

8.1 Phillips NV

8.1.1. Company Overview

8.1.2. Financial Performance

8.1.3. Product Benchmarking

8.1.4. Strategic Initiative

8.2 Medtronic Inc.

8.3 Novartis AG

8.4 Olympus Corporation

8.5 Smart Pill Inc.

8.6 Proteus Digital Health Inc.

8.7 Medisafe

8.8 GE Healthcare

8.9 Capsovision Inc.

8.10 IntroMedic Co., Ltd.,

8.11 Given Imaging Ltd

8.12 Boston Scientific Corporation

8.13 Medimetrics S.A. De C.V.

8.14 Bio-Images Research Ltd

8.15 Chongqing Jinshan Science & Technology Group Co., Ltd

Chapter 9 Market Estimates and Forecasting

9.1 Market Estimates and Forecasting 2018-2024(USD Million)

9.1.1 Market Estimation and Forecasting by Type of Technology 2018-2024 (USD Million)

9.1.2 Market Estimates and Forecasting by Geography 2018-2024 (USD Million)

Chapter 10 Market Insights

10.1 Insights of Industry Experts

10.2 Analyst Opinion (Market Understanding)

10.3 Investment Opportunities

Chapter 11 Appendix

11.1 List of Tables

11.2 List of Figures

  • Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
  • Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
  • The Regional and Global Variety is taken care of in the report.
  • Year on Year basis generation of revenue is studied.
  • Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
  • The overview and the sustainability of the market are analyzed through SWOT.
  • DROC is recognized in the current market scenario and see how its effect on market dynamics.
  • The segment-level analysis in terms of type and technology.
  • The value chain analysis, value that's created and captured by a company is the profit margin.Value
  • Created and Captured – Cost of Creating that Value = Margin
  • An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
  • Basis on the depth of the study we approach using analytical tools
  • Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.

 

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