Smart Pills Technology Market 2022 Gastrointestinal diagnosis accounted for the highest revenue with about 84% of market share

Smart Pills Technology Market Reportpublished by Allied Market Research, forecasts that the global market is expected to garner $627.1 million by 2020, registering a CAGR of 21.2% during the period 2015-2022. GI monitoring technology is forecast as the fastest growing segment, expected to register a CAGR of 42% during the forecast period. This growth is primarily supplemented by the growing popularity of smart pills in the monitoring of motility disorders.

The global smart pills technology market is expected to register a substantial growth in the future, owing to the increased prevalence of gastrointestinal diseases (such as motility disorders, colon cancer, obscure gastrointestinal bleeding and Crohns disease), sedentary lifestyle and high patient compliance on account of minimally invasive techniques. The advent of novel technologies such as catheter-less pH monitoring, ingestible sensors and wireless capsule based GI monitoring would foster an accelerated market growth. Capsule endoscopes provide complete examination of GI tract which consists of a complete view of stomach including esophagus, small intestine and large intestine. Such pharmaceutical capsules play a vital role in differentiating between the healthy and unhealthy cells like targeted smart drug delivery or a targeted therapy

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Key Finding of Smart Pills Technology Market:

  • Capsule endoscopy accounted for the highest revenue in 2014
  • GI monitoring application segment is expected to register fastest growth forecast period, fastest among all segments
  • North America and Europe collectively accounted for the largest market share of 83% in the overall smart pills technology market, in 2014

North America accounted for about 3/5th of the market revenue in 2014, highest amongst all. The growth in this region is primarily attributed to the early adoption of novel technologies, a large patient population, high disposable incomes and the frequent commercialization of smart pill products. The leading players in the market are adopting acquisition and collaborations as key developmental strategies. The leading companies profiled in this report are – Given Imaging Inc., Olympus Corporation, IntroMedic Inc., CapsoVision Inc., Chongqing Jinshan Science & Technology Group Co. Ltd., Proteus Digital Health Inc., Medimetrics

Key Market Segments:

The Global Smart Pills technology market segmentation is illustrated below:

  • By Technology
    • Capsule endoscopy technology
      • Capsule endoscope
        • Small bowel capsule endoscope
        • Colon capsule endoscope
        • Esophagus capsule endoscope
      • Workstations and recorders
    • Gastrointestinal Monitoring Technology
      • Single parameter (pH) monitoring
      • Multi parameter (pH, temp, pressure) monitoring
  • By Application
    • Diagnosis
    • Monitoring

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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