Smart Pills Industry Growth, Technological Enhancement by Types and Clinical Assessment 2020

Global Smart Pills Industry Growth Is currently worth USD 1,800 million. Furthermore, the market is expected to demonstrate a robust CAGR of 14.2% during the forecast period (2018–2023).
Smart Pills Industry Growth Overview
The smart pills are mostly found in the form of a vitamin capsule sized pill, containing a small wearable sensor patch, in addition to an application on mobiles as well as a provider portal. After swallowing a smart pill, its activation in the gut occurs; after which the sensors offer information with regard to the patient’s health parameters coupled with the effectiveness of the treatment.
Smart pills refer to the capsule-sized medical devices that are ingestible and contain elements like cameras, sensors, trackers, and patches. These devices are used for improved diagnostics along with patient monitoring and targeted drug delivery.
Leading Companies
The leading companies within the worldwide Smart Pills Industry Growth include,
  • CapsoVision Inc.
  • MEDTRONIC
  • FUJIFILM Holdings Corporation
  • Proteus Digital Health Inc.
  • Olympus Corporation
  • BDD Limited
  • Check-Cap
  • JINSHAN Science & Technology
  • PENTAX Medical
  • MEDISAFE
  • RF Co. Ltd.
  • among others.

Avail Free Sample of Smart pills are also considered to be a revolutionary aspect in the field of gastrointestinal diagnosis. Due to being non-invasive, smart pills are touted to be a compelling alternative approach compared to the invasive procedures including colonoscopy/ gastrointestinal endoscopy.
A sizeable expansion of the geriatric population, alarming rise in chronic disorders like diabetes, cancer, and others, and the growth in the prevalence of lifestyle-associated disorders like gastroesophageal reflux disease (GERD), obesity, gastric ulcers, and others are having a lucrative effect on the growth of the Smart Pills Industry Growth.
Smart Pills Industry Growth Segmentation
The worldwide Smart Pills Industry Growth is segmented based on application, target area, disease indication, and end-user.
With respect to the application, the market has been segmented into capsule endoscopy, drug delivery, patient monitoring, and others. The types of capsule endoscopy are small bowel capsule endoscopy, controllable capsule endoscopy, colon capsule endoscopy, and others. The types of patient monitoring include capsule pH monitoring and others.
depending on the target area, has been categorized into esophagus, small intestine, large intestine, and stomach.
The disease indication section has been considered for esophageal diseases, small bowel diseases, colon diseases, and others.
The end-users covered by the report are hospitals, diagnostic center, and research institute.

Browse Complete Premium Research Page along with Detailed TOC@ https://www.marketresearchfuture.com/reports/smart-pills-market-6591
Industry Update
May 2019: A team of researchers from the King Abdullah University of Science & Technology (Saudi Arabia) has developed a sensor which comes with numerous usages, including a smart pill bottle. This smart pill bottle has been designed for curbing the increasing prescription drug abuse issues as well as for preventing opioid overdoses.
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