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Published January 10, 2018
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:
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
3.4 SWOT Analysis
3.5 Y-O-Y Analyses
Chapter 4 Market Dynamics
22.214.171.124 Rising prevalence of Gastro-Intestinal diseases.
126.96.36.199 Preference for minimally invasive surgeries
188.8.131.52 Technological developments in capsule endoscopes.
184.108.40.206 Raising ethical issues in medical conditions
220.127.116.11 Lack of skilled professionals.
18.104.22.168 High cost.
22.214.171.124 Precisely locate chronic diseases and disorders.
126.96.36.199 Reduce side effects
188.8.131.52Cost effective pills
Chapter 6 Market Segmentation by Type of Technology
6.1 Patient Monitoring
6.2 Capsule Endoscopy
6.4 Drugs Delivery System
Chapter 6 Market Segmentation by Geography
6.1 North America
6.1.2 United States
6.3 Asia Pacific
6.3.5 Australia & New Zealand
6.4 Middle East and Africa
6.4.2 South Africa
6.4.3 Middle East Countries
6.5 South America
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.
8.8 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