Smart pill technology is a revolutionary technological innovation that has decrease the gap between digital technology and healthcare. This electronic device can gives complete evaluation of the gastrointestinal tract (GIT) by swallowing. The chronic therapy supervising can help in curtailing health care costs as well.
Key factors which affect and thereby cause changes to the market dynamics are studied essentially and are presented in a well-known way in the report. Some of those factors are Due to rising frequency of geriatric gastrointestinal diseases, favorable reimbursement scenario, and changing lifestyle, Technological advancements in endoscopy procedures, and patient preference for minimally invasive procedures Due to possible health risks related with a smart pill inserted into the body, and ethical concerns and privacy issues Lack unawareness in people regarding this novel technology.
For granular level understanding the Smart Pill Technologies Market is segmented based on Application, each being provided with Market Size Estimations and Y-o-Y Forecasts.
Based on Application: Introduction Capsule Endoscopy o Small Bowel Video Capsule Endoscopy o Colon Capsule Endoscopy o OMOM Capsule Endoscopy Platform o MiroCam o Upgraded MiroCam and Advanced Capsule Endoscope o The ANKON MCE System o CapsoCam Drug Delivery Patient monitoring Y-o-Y Growth Analysis, By Application Market Attractiveness Analysis, By Application Market Share Analysis, By Application
Geographically, market for Smart Pill Technologies is segmented into Middle-East region and Africa region. The market growth in this region is mainly due to the major market players enlarging their business in the hidden potential areas of this region as they foresee a great potential. Some of the key players that operate in the Middle-East and Africa Smart Pill Technologies Market include Given Imaging, Inc., CapsoVision, Inc., Olympus Corporation, Medimetrics S.A. de C.V., Novartis, Given Imaging Ltd, Bio-Images Research Limited, Smartpill, Inc., Philips Healthcare, Pentax Medical Company, Medtronic, Inc., Stryker Corporation, Siemens Healthcare, Boston Scientific Corporation, GE Healthcare, Chongqing Jinshan Science & Technology Group Co. Ltd., IntroMedic Inc., and Proteus Digital Health Inc.
In the last few years the market has seen high percentage of acceptance towards usage due to better patient accessibility, thorough monitoring and non-invasiveness. Capsule endoscopy considered for the highest revenue in 2014. The first capsule endoscope model PillCam SB, which is now perceived as a first-line tool for the detection of abnormalities of the small bowel. It was accepted in Japan in April 2007. GI monitoring application segment is estimated to register quickest growth in the forecast period, amongst all other segments. In the coming years, global smart pill technologies market will require novel marketing approaches to make remarkable developments in innovation of a wide range of new products. The smart pill technologies market is presently underpenetrated and in its nascent stage of development.
The Middle-East and Africa Smart Pill Technologies Market report offers wide-range of scope:
Regional level analysis that provides an individual perspective of Middle-East and Africa region individually and on a whole
Know more about key areas of industry growth via detailed Segment-level analysis on basis of Application along with market size forecasts and y-o-y estimations
Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
Strategic Analyses containing PESTLE and Porters Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics
Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market
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