Precision Business Insights has published a report on the global Smart Pills Market, estimating its value at USD 343.7 million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 14.2 % over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/smart-pills-market
Smart pills represent a significant innovation in healthcare, integrating advancements in medical technology, digital health, and drug delivery systems. They are used primarily in the gastrointestinal (GI) tract, but their applications are expanding across different areas of medicine.
Drivers
• Rising Demand for Non-Invasive Diagnostic and Monitoring Devices
• Increasing Incidence of Colon Cancer
The global Smart Pills Market segmentation:
1. By Application: Drug Delivery, Capsule Endoscopy, Patient Monitoring.
2. By Target Area: Stomach, Esophagus, Large Intestine, Small Intestine.
3. By End User: Hospitals, Clinics, Research Institutes.
Capsule endoscopy is a medical procedure used to examine the inside of the gastrointestinal (GI) tract, particularly the small intestine, which is difficult to access with traditional endoscopy methods. During this procedure, the patient swallows a small, pill-sized camera that takes pictures or videos as it travels through the digestive system. The images are transmitted to a recording device worn by the patient.
Regional Overview:
The report also examines the current concerns and their Future Effects on the Smart Pills Market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the Smart Pills Market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The key players profiled in the global Smart Pills Market report are Medimetrics S.A. de C.V. (Mexico) CapsoVision, Inc. (U.S.) Bio-Images Research Limited (U.K.) Olympus Corporation (Japan) Given Imaging, Inc. (Israel) SmartPill Corporation (U.S.) Siemens Healthineers (U.S.) Medtronic plc (Ireland) Koninklijke Philips N.V. (Netherlands) GE Healthcare (U.S.) Otsuka America Pharmaceutical, Inc. (U.S.)
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