Smart pills are capsule-sized ingestible medical devices, prescribed to patients and are equipped with electronic sensors. They send a wireless message to devices, like tablets, smartphones, patches, or outside the body when ingested. Smart pills wireless communication allows the understanding of real-time information and can also be designed to sense allergic reactions, infections, or other events, and then release a drug in response.
MARKET DYNAMICS
Factors driving the Smart Pills Drug Delivery market growth include increasing gastrointestinal disorders, growing preference for minimally invasive devices, and increasing chronic diseases like diabetes, cancer, and others, among the geriatric population. The increasing government restrictions, stringent regulatory authorities, and high costs associated with smart pills may restrain the market's growth.
MARKET SCOPE
The "Smart Pills Drug Delivery Market Analysis to 2028" is a specialized and in-depth study of the Medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of smart pills drug delivery market with detailed market segmentation with type and end user. The smart pills drug delivery market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in smart pills drug delivery market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The smart pills drug delivery market is segmented on the basis of type and end user. On the basis of type, the smart pills drug delivery market is divided into capsule endoscopy, patient monitoring, drug and delivery systems and others. Based on end user, the smart pills drug delivery market can be segmented as hospitals, diagnostic centers and research institutes.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the smart pills drug delivery market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The smart pills drug delivery market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting smart pills drug delivery market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the smart pills drug delivery market in these regions.
MARKET PLAYERS
The report covers key developments in smart pills drug delivery market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from smart pills drug delivery market are anticipated to have lucrative growth opportunities in the future with the rising demand for smart pills drug delivery in the global market. Below mentioned is the list of few companies engaged in the smart pills drug delivery market.
The report also includes the profiles of key players in smart pills drug delivery market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered financial information of last 3 years, key development in past five years.
- CapsoVision, Inc.
- Check-Cap Ltd.
- etectRx, Inc.
- HQ, Inc.
- JINSHAN Science and Technology
- Koninklijke Philips N.V.
- Medtronic
- Olympus Corporation
- Intromedic
- Otsuka Pharmaceutical Co., Ltd.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.