Smart pill technology is used to diagnose gastrointestinal (GI) disorders such as constipation and gastroparesis. Smart pill technology functions by providing the practitioner, with information pertaining to various parameters such as pH, temperature and pressure of gastrointestinal tract. Smart pill is a nascent technology that holds immense potential in the field of medical diagnostics.
Smart pill technologies is the converging link between digital technology and healthcare industries. These smart pills have many benefits other than providing signals and alerts when consumed. By programming the pill accordingly, it can trigger a reminder according to the remainder time whenever the pill needs to be consumed. It can alert the physician, patient, medical staff or the caretaker when the medicine has been consumed which will help in accurate documentation of patient compliance or adherence. It can also provide alerts if the pill hasn't been consumed on a timely routine since multiple medications need to be taken by a large number of patients.
Middle-East & Africa Smart Pill Technologies Market: Drivers & Restraints The market for Smart Pill Technologies is mainly driven due to rising prevalence of geriatric gastrointestinal diseases, changing lifestyle which includes shift in diet pattern and aging population, as elderly people are at a higher risk of acquiring various gastrointestinal diseases such as ulcerative colitis and IBD. But, the market growth can be restrained due to technological incompetence of capsule endoscopes, high costs and possible health risks associated with a smart pill inserted into the body.
Middle-East & Africa Smart Pill Technologies Market: Segmentation
By 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
Middle-East & Africa Smart Pill Technologies Market: Overview The smart pill technologies has recently entered the market and is rapidly penetrating the developed as well as developing countries. The growing demand and escalating adoption rate for monitoring and treating diseases by newly advanced technologies has given an impetus to the global smart pill technologies market. In the last few years the market has seen high percentage of acceptance towards usage due to non-invasiveness, better patient accessibility and thorough monitoring.
The first capsule endoscope model, which is now regarded as a first-line tool for the detection of abnormalities of the small bowel, was the PillCam SB. It was approved in Japan in April 2007. GI monitoring application segment is expected to register fastest growth in the forecast period, amongst all other segments. In the coming years, global smart pill technologies market will witness significant developments in innovation of a wide range of new products that will require novel marketing approaches. Capsule endoscopy segment is expected to be one of the largest markets owing to the advantages attached such as disease diagnosis in small intestine. Drug delivery market is also expected to experience growth due to the benefit of improving medication efficiencies, improving patient compliance & convenience, and fast paced technology.
Middle-East & Africa Smart Pill Technologies Market: Region-wise Outlook 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 expanding their business in the untapped areas of this region as they envisage a great potential.
Key Questions Answered What is the industry growth forecast from 2016 to 2021?
What is the current and future Smart Pill Technologies Market outlook in Middle-East & Africa? What trends are affecting the Middle-East & Africa market?
What is the competitive landscape and market share of major players in the Smart Pill Technologies space in Middle-East & Africa?
What are the technology & innovation trends, how will they evolve by 2021?
What are the key, high growth markets that Smart Pill Technologies should expand into? Which market segments are growing the fastest?
What are the unmet needs with the Smart Pill Technologies currently on the market? How will emerging technologies fulfil these unmet needs?
What is physician perception and market outlook of Smart Pill Technologies?
What are the challenges and barriers that have hindered widespread adoption of Smart Pill Technologies?
Middle-East & Africa Smart Pill Technologies Market: Key Players CapsoVision, Inc., Given Imaging, Inc., Medimetrics S.A. de C.V., Olympus Corporation, Bio-Images Research Limited, Novartis, Given Imaging Ltd, Philips Healthcare, Smartpill, Inc., Medtronic, Inc., Pentax Medical Company, Siemens Healthcare, Stryker Corporation, GE Healthcare, Boston Scientific Corporation, IntroMedic Inc., Chongqing Jinshan Science & Technology Group Co. Ltd., Proteus Digital Health Inc., are the major players of Global Smart Pill Technologies market.
Reasons to buy Smart Pill Technologies Market Report:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses
A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
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
Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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