The Europe Smart Pill Technologies market has been estimated at USD 594 Million in 2016 and is projected to reach USD 1302.31 Million by 2021
Hyderabad, India -- (SBWIRE) -- 03/21/2018 -- Smart Pill Technology is a revolutionary technological innovation that has reduced the gap between healthcare and digital technology. Smart Pills or Nootropics are basically medical devices and small embedded electronic appliances which include sensors, cameras, and trackers. This electronic device can be swallowed easily and presents the whole evaluation of the gastrointestinal tract (GIT). The emergence of these healthcare-cum-technology devices has addressed the soaring want of higher diagnostics and tracking. It has outperformed the conventional GI monitoring endoscopy with more convenient smart pill technology, which has now turn out to be the usual non-invasive analysis technique for motility disorders. Furthermore, it helps physicians in real-time patient monitoring through remote controlling options.
Smart Pill Technology is used to diagnose gastrointestinal (GI) problems such as constipation and gastroparesis. Smart pill technology functions by imparting the practitioner, with facts on numerous parameters along with pH, temperature, and strain of gastrointestinal tract. This technology contains wireless capsule, a receiver worn (by means of the patient) and pc software program that analyzes and sorts the collated data.
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The Europe smart pill technologies market has been expected at USD 594 Million in 2016 and is projected to reach USD 1302.31 Million by 2021, at a CAGR of 17.0% during the forecast period from 2016 to 2021.
The market for smart pill technology is principally increased due to the rising occurrence of geriatric gastrointestinal sicknesses, comfort created in coping with prescriptions, and overall health pursuit of the physical functions, expanded hobby, and disposition from the patients to decide on this mode of treatment. The other important factors driving the smart pills market are favorable reimbursements, affected person choice for minimally invasive approaches, and growing prevalence of colon cancers.
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Smart pill technology is using advanced methods for the education of prescription capsules which has
revolutionized affected person monitoring, analysis of sicknesses and improved drug delivery. Smart pill technologies are the converging hyperlink among digital generation and healthcare industries. These smart pills have many benefits apart from imparting alerts and signals while ate up.
Furthermore, advantages provided by the smart pills technology like accelerated sophistication in endoscopy strategies, controlled drug delivery, and faraway affected person tracking are ensuing in the increasing adoption of smart pills generation.
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Europe is the second biggest market in phrases of market proportion throughout the globe. The market in Europe is enormously raised due to superior healthcare infrastructure, increasing awareness about GI illnesses among patient and doctor, high adoption of technological trends, developing the geriatric population that's growing huge variety of possibilities for market players.
Some of the key companies dominating the market include CapsoVision, Inc., Given Imaging, Inc., Medimetrics S.A. de C.V., Olympus Corporation, Bio-Images Research Limited, Novartis, Given Imaging Ltd, Philips Healthcare, Smartpill, Inc., Medtronic, Inc., Pentax Medical Company, Siemens Healthcare, Stryker Corporation, GE Healthcare, Boston Scientific Corporation, IntroMedic Inc., Chongqing Jinshan Science & Technology Group Co. Ltd., Proteus Digital Health Inc.
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