Europe Smart Pills Technology Market – Size, Outlook, Trends and Forecast (2024

Europe Smart Pills Technology Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Smart pills or nootropics are small medical and embedded electronic devices such as sensors, cameras, and trackers which can be quickly swallowed and provides a complete evaluation of the gastrointestinal tract. Smart pill technology is used in diagnosing gastrointestinal disorders like constipation, gastroparesis and record parameters like temperature, pressure and pH levels. Smart pills have reduced the difference between digital and healthcare technology. However, real-time patient monitoring is possible by smart pills diagnostics and can record bodily functions of the patients.

Europe Smart Pills Technology Market Segments Size & Growth:

Europe Smart Pills Technology Market is accounted for $620.01 million in 2017 and expected to grow at a CAGR of 17.4% during the forecast period 2018-2024 to reach $1,546.13 million by 2024. Major factors that are driving the market growth are due to the prevalence of Gastro-Intestinal diseases; it reduces invasive surgeries, technological developments in technology, and reimbursement policies. However, lack of skilled professionals, expensive treatment,

Europe Smart Pills Technology Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

and ethical issues hinder the growth of the Europe smart pills technology market.

Europe Smart Pills Technology Market Segments Share:

Europe Smart Pills Technology Market is categorised into by technology which consists of patient monitoring, capsule endoscopy, diagnostics, and drugs delivery system.Capsule endoscopy has the most significant share due to increase in gastrointestinal tract and number of people adopting endoscopies.

By Geography, Germany is dominating the smart pills technology Market, and the growth in Europe is mainly attributed because of the increasing non-invasive diagnosis and technological advancement. Furthermore, UK is witnessing the fastest growth during the forecast period, due to rising ageing population, awareness about GI tract and diagnostic methods.

Europe Smart Pills Technology Market SegmentsTrends:

In March 2017, Boston Scientific Corporation acquired Symetis SA this will help expand valvular heart treatment for some patients.
In June 2017, Philips N.V acquired Spectranetics Corporation to increase services in image-guided therapy to cure cardiovascular diseases.
In November 2016, research of MIT and Brigham has manufactured a new capsule that remains for a long-term and slowly delivery its drug to overcome problems will treatment and curing diseases like malaria.

Europe Smart Pills Diagnostics Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

Proteus Digital Health Inc.
GE Healthcare
Olympus Corporation
Given Imaging Ltd
Novartis AG

diseases. In November 2016,

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Europe Smart Pills Technology Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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