Press release
Monitoring Smart Pills Market is anticipated to grow at a CAGR of 13.1% during the forecast period 2023-2028 | Top Prominent Key Players are Medtronic, CapsoVision, Inc, Given Imaging, Inc. and Others
Monitoring Smart Pills Market
The increased prevalence and corresponding growth in illnesses such as paraplegia are the factors driving the demand for on-site prognosis. The occurrence of lifestyle diseases including obesity, GERD (acid reflux disease), and chronic gastritis, as well as an increase in chronic conditions such as disease and obesity, among many others, are also anticipated to fuel the industry's growth.
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Major Players Driving the Growth of the Monitoring Smart Pills Market:
• Medtroni
• CapsoVision, Inc
• Given Imaging, Inc.
• Koninklijke Philips NV (Medimetrics)
• Olympus Corporation
• Bio-Images Research Limited
• Novartis AG
• Check-Cap
• Otsuka Pharmaceutical Co. Ltd
SEGMENTATION
By Type
• Capsule Endoscopy
• Drug Delivery
• Patient Monitoring
By Target Area
• Esophagus
• Stomach
• Small Intestine
• Large Intestine
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By Disease Indication
• Esophageal Diseases
• Small Bowel Diseases
• Colon Diseases
• Neurological Disorders
By End User
• Hospitals
• Clinics
• Diagnostic Center
• Research Institutes
• Home Healthcare
Hospital Segment to Hold Largest Market Share As a Result of Surging Number of Chronic Diseases:-
On the basis of the end user, the global monitoring smart pills market is segmented into clinics, hospitals, research institutes, diagnostic centers, home healthcare, and others. The hospital segment has dominated the market share in 2021 and is anticipated to continue its dominance over the course of the projection period on account of several factors such as the surging number of chronic diseases among people on a global scale.
Furthermore, the growth of the hospital segment is attributable to the increasing prevalence along with a rise in several illnesses such as paraplegia. These factors are anticipated to contribute significantly to the growth of the segment in the near future.
By Region
• North America
• Europe
• Asia Pacific
• The Middle East & Africa
• South America
North America to Dominate Market Share Due to Rising Use of Cutting-edge Technologies:-
North America dominated the global market due to its greater prevalence of cancer, increased use of cutting-edge technology, and advantageous reimbursement rules. The American Cancer Society estimates, as an illustration, that there are 43,340 new cases of colorectal cancer diagnosed in the country each year. It is projected that market participants operating in the US business would profit from these profitable growth prospects.
However, due to the high expense of healthcare and growing public awareness of diseases connected to unhealthy lifestyles, Europe is predicted to expand at a significant CAGR. The Asia-Pacific market is predicted to have a higher CAGR as a result of significant market expansion in countries such as Japan, China, and Australia.
Why Purchase the Report?
• The report includes information such as market dynamics scenario, opportunities and challenges during the forecast period
• Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
• Regional, sub-regional, and country-level data include the demand and supply forces along with their influence on the market.
• The competitive landscape comprises a share of key players, offering products, relevant financial information, recent developments, SWOT analysis, and strategies.
• Understand the current market scenario and viability of the global market over the forecast period.
Browse Full Report@ https://www.extrapolate.com/Healthcare-Medical-Devices-Biotechnology/smart-pills/25658
Some of the key questions answered in this report:
• What can we estimate about the anticipated growth rates and also the global Monitoring Smart Pills industry size by 2028?
• What will happen in the coming existing and emerging markets?
• What will the market development pace of market?
• Which are the five top players in Monitoring Smart Pills market?
• How will the Monitoring Smart Pills market change in the upcoming years?
Recent Developments -
● As of January 2021, Pear Therapeutics and etectRx have partnered. The collaboration will be focused on developing two products that combine Pear's digital therapeutics with etectRx's drug adherence sensors.
● Proteus Digital Health was acquired by Otsuka for an estimated USD 15 million in August 2020.
TABLE OF CONTENTS-
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Monitoring Smart Pills Market
Chapter 5. Global Monitoring Smart Pills Market Overview, By Disease Type, 2017 - 2030(USD Million)
Chapter 6. Global Monitoring Smart Pills Market Overview, By Type, 2017 - 2030(USD Million)
---------Continued
Browse Complete TOC: https://www.extrapolate.com/toc/Healthcare-Medical-Devices-Biotechnology/smart-pills/25658
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About Extrapolate
Extrapolate is a Global Market Research, Advisory and Consulting firm which works closely with Industry experts from various industries to bring the latest and most accurate research reports.
In an era of breakneck change and a low tolerance for missed or misread opportunities, businesses need astute guidance to shape markets - not merely respond to them. Extrapolate helps clients develop market perspectives that drive success.
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