Pune, India -- (SBWIRE) -- 05/24/2018 -- Smart Pills are single-use, ingestible capsule that allows physician to monitor pressure, pH and temperature through entire GI tract. It provides gastric emptying time, small bowel transit time, colonic transit time, combined small and large bowel transit time and whole gut transit time also reduced the gap between healthcare and digital technology, by focusing on medication recording based on various factors such as pH, pressure, temperature, density

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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.

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


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.

Geographical Segmentation:


- North America

- South America

- Europe

- Asia-Pacific

- Middle East and Africa


Global 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.

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Competitive Analysis: Smart Pill Market 

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.

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


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