Intelligent Pills Market is anticipated to grow at a significant CAGR during the forecast period. Intelligent pills are essentially ingestible sensors that are swallowed and can record various physiological measures. They can also be used to confirm that a patient has taken his or her prescribed medication and can measure the effects of the medication. The pivotal factors that are likely to drive the growth of the market includes the growing need for gaining information about patient’s health parameters. Adding to this, the need of effectiveness of medication treatment to make more informed healthcare decisions and optimized therapies are further driving the growth of the global intelligent pills market. Further, the minimally invasive nature of these pills is anticipated to open new market opportunities in the field of healthcare, gastrointestinal diagnosis. These pills can be a potent substitute against invasive procedures such as gastrointestinal colonoscopy or the endoscopy.
A considerable growth in technological advances related to intelligent pills which include micro-cameras, bioelectronics, availability of microprocessors, miniaturization, and several others are also likely to offer beneficial market opportunities in future years. Furthermore, rise in geriatric population, growing cases of chronic disorders including diabetes, cancer, and others, majorly drive the growth of the global intelligent pills market. In addition, increased R&D investments in developing intelligent pills further boost the market growth. However, stringent government regulations regarding the increased use of these devices and high cost associated with the ingestible sensors are the factors anticipated to restrain the growth of the market.
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Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Application
- By Type
Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape: Olympus Corp., Medtronic plc, and CapsoVision, Inc., among others.
Intelligent Pills Market Report by Segment
By Application
- Sleeping Disorder
- Capsule Endoscopy
- Stress Management
- Reflux Monitoring
- Others
By Type
- Prescription-Based
- Dexedrine
- Ritalin
- Adderall
- Others
- Non-Prescription Based
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Intelligent Pills Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
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- More than 120 countries are for analysis.
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