Middle East and Africa Smart Pills Technology Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
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.
The Middle East & Africa Smart Pills Technology Market Segments Size & Growth:
The Middle East & Africa Smart Pills Technology Market is accounted for $1.78 billion in 2017 and expected to grow at a CAGR of 17.4% to reach $4.0 billion by 2024 during the forecast period 2018-2024. 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, and ethical issues hinder the growth
Middle East and Africa 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
of the Middle East & Africa smart pills technology market.
The Middle East & Africa Smart Pills Technology Market SegmentsShare:
The Middle East & Africa 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, South Africa is dominating the smart pills technology Market and the growth in Middle East & Africa is mainly attributed because of the increasing non-invasive diagnosis and technological advancement. Furthermore, Middle East is witnessing the fastest growth during the forecast period, due to rising ageing population, awareness about GI tract and diagnostic methods.
The Middle East & Africa 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 November 2016, research of MIT and Brigham has manufactured a new capsule that remains for a long-term and slowly delivery
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Middle East and Africa 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
its drug to overcome problems will treatment and curing diseases like malaria.
“Smart capsule” a unique drug delivery system that delivers medications directly to the large intestine to treat deadly diseases like Crohn’s disease which reduces natural microorganisms that fight infection.
The Middle East & Africa 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.
- Medtronic Inc.
- Smart Pill Inc.
- Bio-Images Research Ltd
- Novartis AG
- Olympus Corporation
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