North America 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 to diagnose 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.
North America Smart Pills Technology Market Segments Size & Growth:
North America Smart Pills Technology Market is accounted for $730.13 million in 2017 and expected to grow at a CAGR of 17.8% to reach $1,720.46 million 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
North America 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
ethical issues hinder the growth of the North America smart pills technology market.
North America Smart Pills Technology Market Segments Share:
North America 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, United States is dominating the smart pills technology Market, and the growth in North America is mainly attributed because of the increasing non-invasive diagnosis and technological advancement. Furthermore, Mexico is witnessing the fastest growth during the forecast period, due to rising ageing population, awareness about GI tract and diagnostic methods.
North America Smart Pills Technology Market Segments Trends:
- AdhereTechmanufactured “Smart” bottle that helps patients to take correct dosage at a specified time to reduce death, because of not taking medication at the right time in August 2017.
- CapsoVision, Inc. got approval for their innovation
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North America 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
CapsoCam Plus
®System in patients ages 2 and above by CE Mark in October 2017.
In June 2017, Philips N.V acquired Spectranetics Corporation to increase services in image-guided therapy to cure cardiovascular diseases.
North America 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
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