Smart Pills Market Expansion to be Persistent During 2018 – 2026

Smart Pills Market Expansion to be Persistent
During 2018 – 2026
Smart Pills Market - Global Industry Insights, Trends, Size, Share, Outlook, and
Opportunity Analysis, 2018-2026
Smart pills can be used to monitor the drug adherence, temperature and some other parameters in the
patients. Smart pills are ingestible medical devices that can be taken orally to examine the
gastrointestinal tract (GI).The advanced technology of smart pills helps in monitoring of patients,
disease diagnosis, and help to improve the drug delivery. This might help physicians to monitor the
patient’s conditions, and to check the timely routine of patient’s medication. The smart pills may alert
about the expiry date of medicines, drug completion course and prevent from adverse events. These are
expected to replace conventional diagnostic techniques such as endoscopy and colonoscopy. The need
for convenient, and accurate treatment strategies has generated the interest in the research of smart
pills. Click To Read More On Smart Pills Market.
The increasing number of gastro-intestinal diseased population to drive the smart pills market
Increasing geriatric population creates a large target group for smart pills manufacturers. This
demographic group is highly susceptible to Inflammatory Bowel Disease (IBD). The market has wide
scope in the monitoring and diagnosis of the diseases. According to World Health organization (WHO)
50% of people forget to take pills or take wrong medication which will be dangerous for their health,
the new smart pills technology is helping in monitoring this conditions. According to Center for
Disease Control and Prevention (CDC), around 1 million people suffered from IBD in the U.S. in 2015.
The changing lifestyles, low intake of fibers in the food, stress, food intolerance and allergies are
causing the increasing number of gastrointestinal diseases. To cure this disease, conventional methods
do not provide accurate results. Need for accurate diagnosis and monitoring for this diseases are some
of the major factors driving the smart pills market.
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The development of novel technologies and partnership between companies helping to boost
growth in the smart pills market
The key players operating the smart pills market globally are Boston Scientific Corporation, Olympus
Medical Technology, Smart Pill Inc, Medtronic, Philips Healthcare, Given Imaging Ltd and Novartis,
Siemens Healthcare, Pentax Medical Company, GE Healthcare, Stryker Corporation.
The increasing healthcare awareness and early adoption to novel technologies driving the smart
pills market in Europe
Regional segmentation of smart pills market by Coherent Market Insights comprises North America,
Europe, Asia Pacific, Latin America, Middle East, and Africa. North America and Europe collectively
dominate the market. The adoption of these regions for novel technologies which is essential for the
smart pills market, new marketing and commercialization strategies, large patient population are some
of the causes driving this market in North America and Europe. The Asia Pacific region is one of the
growing market
The global smart pills market is segmented on the basis of applications, disease indication and
geography
On the basis of application,
•Capsule Endoscopy
•Small-bowl Video Capsule Endoscopy
•Colon Capsule Endoscopy
•OMOM Capsule Endoscopy
•Small Bowel Capsule Endoscopy
•Controllable Capsule Endoscopy
•Storable Capsule Endoscope
•Colon Capsule Endoscope
•pH Capsule Wireless Monitoring System
•Impedance-pH Monitoring System
•MiroCam
•Upgraded MiroCam
•Advanced Capsule Endoscope
•Others
On the basis of disease indications,
•Occult GI Bleeding
•Crohn’s Disease
•Small Bowel Tumors
•Celiac Disease
•Inherited Polyposis Syndromes
Though the adaptability in the patients and to customize the product according to consumer needs will
be some of the causes which might slowdown the smart pills market.
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Smart pills can be used to monitor the drug adherence, temperature and some other parameters in the patients. Smart pills are ingestible medical devices that can be taken orally to examine the gastrointestinal tract (GI).

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