Smart Pills Technology: $627 Million Global Market Opportunities to 2020 - ResearchAndMarkets.com
Sep. 05, 2018
DUBLIN--(BUSINESS WIRE)--Sep 5, 2018--The "World Smart Pills Technology Market - Opportunities and Forecasts, 2014 - 2020" report has been added to ResearchAndMarkets.com's offering.
According to the report, the world smart pills technology market will reach $627.1 million by 2020, registering a CAGR of 21.2% during 2015-2020.
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.
Non-invasiveness, patient convenience and real time monitoring offered by smart pills boost their adoption in the treatment of numerous diseases. The growth of global smart pills technology market is supplemented by the growing adoption of capsule endoscopy, spurring demand for smart pills in GI monitoring and the rising prevalence of gastrointestinal diseases.
However, factors such as high costs, limited technical know-how and low acceptance among patients (fear of ingesting electronic devices) are likely to restrain the growth of the market.
Gastrointestinal diagnosis accounted for the highest revenue with about 84% of market share. The growth of this segment is primarily supplemented by the increasing incidences of obscure gastrointestinal bleeding and small bowel tumours, popularity of capsule endoscopy techniques and the availability of varied capsule endoscopy products.
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.
Key Topics Covered
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Global Smart Pills Technology Market, by Technology
Chapter 5 Global Smart Pills Technology Market, by Application
Chapter 6 Global Smart Pills Technology Market, by Geography
Chapter 7 Company ProfilesCapsoVision Inc. Chongqing Jinshan Science & Technology Group Co. Given Imaging Inc. IntroMedic Co. Olympus Corporation Proteus Digital Health Inc.
For more information about this report visit https://www.researchandmarkets.com/research/hhqv4m/smart_pills?w=4
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Related Topics:Medical Devices,Drug Delivery
INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY HEALTH BIOTECHNOLOGY MEDICAL DEVICES PHARMACEUTICAL
SOURCE: Research and Markets
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PUB: 09/05/2018 06:56 AM/DISC: 09/05/2018 06:56 AM