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Smart Pills Market is Projected To Grow at a CAGR of 12.1% from 2018 to 2025

The global smart pills market was valued at $257 million in 2017, and is expected to reach $650 million by 2025, registering a CAGR of 12.1% from 2018 to 2025.

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Smart Pills Market is Projected To Grow at a CAGR of 12.1% from 2018 to 2025

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  1. Smart Pills Market by Application (Capsule Endoscopy, Patient Monitoring, and Drug Delivery), Target Area (Stomach, Esophagus, Small Intestine, and Large Intestine), Disease Indication (Esophageal Diseases, Small bowel Diseases, Colon Diseases, and Others), and End User (Hospital, Diagnostic Center, and Research Center): Global Opportunity Analysis and Industry Forecast, 2018 - 2025

  2. Introduction: Smart pills are capsule-sized ingestible medical devices consisting of elements such as sensors, cameras, patches, and trackers that help in better diagnostics, patient monitoring, as well as targeted drug delivery. They are majorly available in the form of a vitamin capsule sized pill and possess small wearable sensor patch, an application on a mobile device, and a provider portal. Once swallowed, it gets activated in the gut; the sensors provide information about patient’s health parameters and the effectiveness of medication treatment leading to more informed healthcare decisions and optimized therapies. Moreover, smart pills have revolutionized the field of gastrointestinal diagnosis. Smart pills, being non-invasive can be a potent alternative approach against invasive procedures such as gastrointestinal endoscopy/colonoscopy. The global smart pills market was valued at $257 million in 2017, and is expected to reach $650 million by 2025, registering a CAGR of 12.1% from 2018 to 2025.

  3. Segment Review: • Based on application, the smart pills market is bifurcated into capsule endoscopy, drug delivery, and patient monitoring. The capsule endoscopy application segment was the highest contributor to the market, in 2017, and is anticipated to maintain its dominance throughout the forecast period. • Based on the target area, the smart pills market is classified into the esophagus, small intestine, large intestine, and stomach. The small intestine target area accounted for the highest revenue in 2017 and is expected to maintain its dominance throughout the forecast period. • Based on region, the smart pill market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America dominated the market in 2017, accounting for highest share, and is anticipated to maintain this trend throughout the forecast period.

  4. Key Players: • Proteus Digital Health, HQ, Inc. • CapsoVision, Inc. • Medtronic Plc. • Olympus Corporations • IntroMedic Co., Ltd, RF Co., Ltd • JINSHAN Science & Technology • Check-Cap • Koninklijke Philips N.V. Read More@ https://www.alliedmarketresearch.com/smart-pills-market

  5. Key Benefits for the Smart Pills Market: • The study provides an in-depth analysis of the smart pills market with the current trends and future estimations to elucidate the imminent investment pockets. • Comprehensive analysis of the factors that drive and restrict the market growth is provided. • Comprehensive quantitative analysis of the industry is provided from 2018 to 2025 to assist stakeholders to capitalize on the prevailing market opportunities. • Extensive analysis of the key segments of the industry helps to understand the trends in smart pills market globally.

  6. About Us: Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain. Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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  8. Thank You Access Full Summary @ https://www.prnewswire.com/news-releases/smart-pills-market-to-reach-650-3-mn-globally-by-2025-at-12-1-cagr-says-allied-market-research-807012167.html

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