Industry Overview, Growth, Trends, Opportunities and Forecast to 2027 – Queen Anne and Mangolia News


According to the latest report of the IMARC group, entitled “smart pills market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027the global market reached a value of US$3.9 billion in 2021. Smart pills refer to ingestible medical devices that include sensors, cameras, trackers, patches, etc. They are used to record various metrics and physiological processes in the body. . Smart pills help provide therapy, diagnostics, monitoring, and more. improved and precise, while eliminating the need for invasive procedures. Currently, several manufacturers are introducing innovative product variants with advanced batteries and on-board memory. Smart pills also help in remote patient monitoring and telemedicine. In addition, they offer real-time wireless transmission of information and accurate measurement of drug effects.

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The rising prevalence of cancer and malignant gastrointestinal (GI) disorders is changing consumer preferences over conventional diagnostic techniques, such as endoscopy, which is primarily driving the smart pill market. With this in mind, the increasing adoption of smart pills to provide multi-dimensional images of internal body parts in a non-invasive manner, compared to endoscopy devices which pose high risks of transmitting infection and tearing the esophagus. , further catalyzes the growth of the market. Additionally, the expanding pediatric population, which is relatively more vulnerable to targeted diseases, acts as another important growth factor. Additionally, the growing demand for Minimally Invasive Surgeries (MIS) to diagnose and treat chronic diseases is also increasing the global market. Also, the increasing use of smart pills in the defense sector to monitor the core body temperature of soldiers in real time is positively influencing the product demand. This, in turn, is expected to fuel the smart pills market over the forecast period. Looking ahead, IMARC Group expects the global smart pills market to reach US$6.3 billion by 2027 growing at a CAGR of 7.8% during the period 2022-2027.

Set now:

Like the novel coronavirus (COVID-19[feminine]) the crisis is taking over the world, we are constantly monitoring the changes in the markets, as well as the behaviors of the consumers of the sector in the world and our estimates on the latest market trends and forecasts are made after taking into account the impact of this pandemic.

Competitive landscape with key players:

  • CapsoVision inc.
  • Check-Cap Ltd.
  • General electricity company
  • IntroMedic Co. Ltd.
  • Jinshan Science & Technology (Group) Co. Ltd.
  • Koninklijke Philips NV
  • Medtronic plc
  • Olympus Society
  • PENTAX Medical (Hoya Corporation).

Breakdown by target area:

  • Esophagus
  • small intestine
  • Large intestine
  • Stomach

Breakdown by disease indication:

  • Diseases of the esophagus
  • Small intestine diseases
  • Colon diseases
  • Others

Breakdown by application:

  • Capsule endoscopy
  • Medication administration
  • Patient Monitoring

Breakdown by end user:

  • Hospitals
  • Diagnostic centers
  • Research institutes

Breakdown by region:

  • North America (USA, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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To note: We update our reports, if you want the report with the latest primary and secondary data (2022-2027), including industry trends, market size and competitive landscape etc. Click request a free sample report, the published report will be delivered to you in PDF format via email within 24-48 hours.

Main highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market trends
  • Market drivers and success factors
  • Impact of COVID-19
  • Value chain analysis
  • Complete mapping of the competitive landscape

If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.

About Us:

The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.

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