Latest industry research report on Smart Pills Market. Smart pills include medical devices and small embedded electronic appliances such as sensors, cameras and trackers. The innovative smart pill technology has reduced the gap between healthcare and digital technology.
Increased adoption of minimally invasive surgeries among patient healthcare along with favorable reimbursement in countries and the demand of technological advanced capsule endoscopes are the factors that area likely to boost the growth of the market. Rise in incidences of colon cancer along with the increased application of capsule endoscopes in Japan are the factors that are expected to foster the market growth.
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Rising count of aged population in European nations along with large number of endoscopy training workshop and enhanced investments in Australia are the factors that are likely drive the growth of the market. Technological constraints affecting the efficiency of capsule endoscopes and the high cost of smart pills are the factors that restrain the growth of the market. Need for rapid drug development process is likely to create abundant growth opportunities in this market.
The report segments the smart pills market on the basis of applications, target area and geography.
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