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Global Smart Pill Market Is Growing at Highest CAGR of 16.18% with Top Key Players Like Stryker, PENTAX Medical, Boston Scientific Corporation and Forecast to 2024

Global Smart Pill Market, By Technology {Capsule Endoscopy system (Capsule endoscope, Work stations and recorders), Gastrointestinal monitoring system}, Application (Capsule Endoscopy, Monitoring, Drug Delivery), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024


Pune, India -- (SBWIRE) -- 04/16/2018 -- Global smart pill market is expected to reach USD 4.0 billion by 2024, at a CAGR of 16.18% in the forecast period 2017 to 2024. The new market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Smart Pill market is an ingestible capsule which helps in measuring temperature, pressure and pH as it too analyzes the gastrointestinal issues such as constipation and gastroparesis as it can be performed at a clinic or doctor's office in order to access motility disorders like gastroparesis and chronic constipation. Smart Pill also decreases patient down-time and furthermore eliminates radiation exposure and is the only motility test that gives an entire transit profile of the GI tract.

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Top key Players:

- CapsoVision, Inc

- Novartis, Given Imaging, Inc

- Koninklijke Philips N.V

- Medimetrics S.A. de C.V

- Olympus Corporation

- Medtronic

- Bio-Images Research Limited

- Stryker, PENTAX Medical

- Siemens Healthcare private Limited

- Boston Scientific Corporation

- GE Corporate

Competitive Analysis:

Smart pill market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of smart pill market for global, Europe, North America, Asia Pacific and South America.

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

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In-depth analysis report of "Global Smart Pill Market, helps to understand the various types of Smart Pills Technology {Capsule Endoscopy system, Gastrointestinal monitoring system}, Application, Geography – Industry Trends and Forecast to 2024", along with the variants that would gain prominence in the future.

Major Market Drivers and Restraints:

- Favourable reimbursement scenario

- Rising preference of non-invasive procedure

- Technological incompetence and high cost

- Market Segmentation: Smart Pill Market

 Market Segmentation on the basis:

- Technology

- Application

- Geographical

Market Segmentation Details:

On the basis of technology, the smart pill market is segmented into capsule endoscopy system and gastrointestinal monitoring systems. Capsule endoscopy system is sub segmented into capsule endoscope, work stations and recorders.

On the basis of application, the smart pill market is segmented into capsule endoscopy, monitoring and drug delivery.

On the basis of geography, smart pill market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

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