Smart pills market is projected to grow at a considerable double-digit CAGR during the forecast period (2019-2025). Smart pill technology is the use of advanced methods for the preparation of prescription pills which has revolutionized patient monitoring, diagnosis of diseases, and improved drug delivery. Smart pill technology is the converging link between digital technology and healthcare industries. These smart pills have many benefits other than providing signals and alerts when consumed.
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According to the World Health Organization (WHO), the number of people aged 65 years or older is anticipated to increase from 605 million to 2 billion by 2050. The geriatric population is more susceptible to geriatric gastrointestinal diseases such as ulcerative colitis and IBM. Therefore the increasing number of geriatric populations across the globe may also demand treatment of gastrointestinal diseases, hence promoting the market growth of the smart pill market. Significant demand for minimally invasive surgeries has led to the development of innovative techniques such as the capsule endoscopy.
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Market Segmentation
Global Smart Pill Market by Application
- Capsule Endoscopy
- Drug Delivery
- Patient Monitoring
Global Smart Pill Market by Target Area
- Esophagus
- Stomach
- Small Intestine
- Large Intestine
Regional Analysis
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Rest of the World
Company Profiles
- CapsoVision, Inc.
- Fujifilm Holdings Corp.
- GE Healthcare
- HQ, Inc.
- IntroMedic Co. Ltd.
- Medtronic plc
- Olympus Corp.
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