Global Smart Pill Technology Market is expected to garner around $1127.1 million by 2025, registering a CAGR of 25.6% (approx.) during the forecast period 2019-2025.
The Smart Pill Technologies Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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The report segments the global smart pills technology market based on technology, application, and geography. On the basis of technology, the market is bifurcated into capsule endoscopy and gastrointestinal monitoring system. The capsule endoscopy segment held a dominant position in 2014 and is expected to maintain its lead during the forecast period. However, the gastrointestinal monitoring system is expected to grow at the fastest rate, registering a CAGR of 42% from 2015-2020, owing to the growing popularity of smart pills in the monitoring of motility disorders. In this segment, the multi-parameter (pH, temperature, pressure) monitoring is expected to be the most lucrative segment.
Based on application, the report divides the market into diagnosis and monitoring. In 2014, North America accounted for about 75% of global market revenue, the highest among all regions. It is expected to continue its dominance during the forecast period, 2015-2020, owing to the early adoption of novel technologies, a large patient population, high disposable incomes and the frequent commercialization of smart pill products. However, the Asia-Pacific region is projected to exhibit the highest CAGR of 22.4% during 2015-2020.
The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Smart Pill Technologies Market: CapsoVision, Given Imaging, Medimetrics S.A., Olympus Corporation, Bio-Images Research Limited, IntroMedic Inc, Chongqing Jinshan Science & Technology Group Co. Ltd, Proteus Digital Health Inc, Novartis AG, Philips Healthcare and other.
For comprehensive understanding of market dynamics, the global Smart Pill Technologies market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
Smart Pill Technologies Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2019–2025.
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Finally, all aspects of the Global Market are quantitatively as well qualitatively assessed to study the Global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects. The report supplies the international economic competition with the assistance of Porter’s Five Forces Analysis and SWOT Analysis.
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