Global Smart Pills Market 2019-2025
発行: Orion Market Research Pvt Ltd
Global Smart Pills Market Size, Share & Trends Analysis Report by Application (Capsule Endoscopy, Drug Delivery, Patient Monitoring) by Target Area (Esophagus, Stomach, Small Intestine, and Large Intestine) Forecast Period (2019-2025)
The smart pills market is anticipated to showcase a significant growth rate during the forecast period. The growing FDA approval for different drugs for the smart pill is the key factor to drive the growth of the global smart pill market. The rising prevalence of chronic disorders across the globe is further creating the demand of drugs for pain relief, which promotes the growth of the global smart pill market. The increasing geriatric population across the globe is further creating the demand for the smart pill market.
The smart pill market is segmented on the basis of application, and target area. Based on the application, the market is segmented into capsule endoscopy, drug delivery, and patient monitoring. The capsule endoscope is anticipated to hold considerable market share during the forecast period. Based on the target area, the market is segmented into the esophagus, stomach, small intestine, and large intestine. Based on the target area, the small intestine held considerable market share in 2018.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is anticipated to hold a considerable share in smart pill marking owing to the high investments in the R&D by major market players in the region along with the high prevalence of chronic diseases in the region. However, Asia-Pacific is anticipated to exhibit a modest CAGR due to the rising demand for smart pill drugs, due to the presence of a large base of target patient pool in the region.
Medtronic plc, Fujifilm Holdings Corp., GE Healthcare, Olympus Corp., Novartis AG, Otsuka Holdings Co. Ltd., PENTAX Medical, CapsoVision, Inc., Otsuka Holdings Co., Ltd., Proteus Digital Health, Quotient Clinical Ltd. and so on are the key market operating in the global smart pill market. The major market players are actively adopting growth strategies such as mergers and acquisitions, partnerships, new product launch, investment in R&D activities among others to remain competitive in the global smart pill market.
The market study of the global smart pill market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
The Report Covers: