(PharmaNewsWire.Com, December 22, 2017 ) Smart pill technology is utilized to diagnose gastrointestinal (GI) disorders like constipation and gastroparesis. It functions by enabling the practitioner with information related to several parameters like pH, temperature and pressure of gastrointestinal tract. This technology comprises wireless capsule, a receiver worn (by the patient) and computer software that analyses and sorts the collated information.
Smart pill is a nascent technology that holds immense potential in the field of medical diagnostics. The etiology for few of the gastrointestinal disorders is still unknown to physicians because of the limited diagnostic scope with the existing medical devices. Smart pill technology using the concept of biological microelectromechanical systems enables practitioner’s better flexibility to monitor and diagnose such mysterious diseases.
North America Smart Pill Technologies Market: Drivers & Restraints
The North America smart pills technology market is estimated to showcase a robust growth in the forecast period, due to the rising prevalence of gastrointestinal diseases (like motility disorders, obscure gastrointestinal bleeding, colon cancer and Crohns disease), sedentary lifestyle and high patient compliance because of minimally invasive techniques. The introduction of novel technologies like ingestible sensors, catheter-less pH monitoring, and wireless capsule based GI monitoring would result in an accelerated market growth.
Capsule endoscopes provide complete examination of GI tract which consists of a complete view of stomach including oesophagus, small intestine and large intestine. Such pharmaceutical capsules play a vital role in differentiating between the healthy and unhealthy cells like targeted smart drug delivery or a targeted therapy. Collaborations between research institutions and companies, licensing agreements & partnerships amongst companies and augmented R&D investment on smart pills are some of the other factors boosting the market growth. However, factors such as limited technical know-how, high costs, and low patient confidence are inhibiting market growth.
North America Smart Pill Technologies Market: Segmentation
By application
• Capsule Endoscopy
o Small Bowel Video Capsule Endoscopy
o Colon Capsule Endoscopy
o OMOM Capsule Endoscopy Platform
Small Bowel Capsule Endoscopy
Controllable Capsule Endoscopy
Storable Capsule Endoscope
Colon Capsule Endoscope
pH Capsule Wireless Monitoring System
Impedance–pH Monitoring System
o MiroCam
o Upgraded MiroCam and Advanced Capsule Endoscope
o The ANKON MCE System
o CapsoCam
• Drug Delivery
• Patient monitoring of cancer
By disease indication
• Occult GI Bleeding
• Crohn’s Disease
• Small Bowel Tumours
• Celiac Disease
• Inherited Polyposis Syndromes
North America Smart Pill Technologies Market: Overview
The advent of the smart pills technology in the market is recent and it is penetrating the developed as well as developing countries. The rising demand for monitoring and treating diseases through advanced technologies is driving this market. In the past few years the market has witnessed high percentages of adoption towards utilization because of the non-invasiveness, better patient accessibility and thorough monitoring. Capsule endoscopy commanded the highest revenue in 2014. The first capsule endoscope model, which is now considered as a first-line tool for the diagnosis of abnormalities of the small bowel, was the PillCam SB. It got approval in Japan in April 2007.
GI monitoring application category is anticipated to register fastest growth in the aforementioned forecast period. North America smart pill technologies market will witness considerable developments in innovation of a very wide range of products that require innovative marketing approaches. The smart pill technologies market is presently underpenetrated and in its early stage of development. Though the maximum revenues are generated by the emerging economies, it is also observed that CAGR in the emerging economies are high. It is because of the rising awareness in the latest innovative testing methods and the continuously improving economic conditions.
North America Smart Pill Technologies Market: Region-wise Outlook
The North America Smart Pill Technologies market is geographically categorized into US and Canada. North America is the biggest market in terms of market share across the globe. The market in North America is highly driven due to favourable reimbursement scenario, FDA approvals for smart pills, and rising investments by government and other agencies.
challenges and barriers that have hindered widespread adoption of North America Smart Pill Technologies?
North America 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 North America Smart Pill Technologies market.
Reasons to buy North America Smart Pill Technologies Market Report:
• 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 Porter’s 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
About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
