Big Market Research has recently added an extensive report on the “Smart Pills Technology Market” It takes into account the market structure, size, and share to project performance of regions based on production volumes
Smart pill technology is a revolutionary technological innovation that has reduced the gap between healthcare and digital technology. Smart pills are basically medical devices and small embedded electronic appliances such as sensors, cameras and trackers. This electronic device can be easily swallowed and provides complete evaluation of the gastrointestinal tract (GIT). The emergence of these healthcare-cum-technology devices has addressed the soaring need of better diagnostics and monitoring. It has outperformed the conventional GI monitoring endoscopy with more convenient smart pill technology, which has now become the standard non-invasive diagnosis technique for motility disorders. Moreover, it helps physicians in real-time patient monitoring through remote controlling options.
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The global smart pills technology market is expected to register a substantial growth in the future, owing to the increased prevalence of gastrointestinal diseases (such as motility disorders, colon cancer, obscure gastrointestinal bleeding and Crohns disease), sedentary lifestyle and high patient compliance on account of minimally invasive techniques. The advent of novel technologies such as catheter-less pH monitoring and wireless capsule based GI monitoring would foster an accelerated market growth. 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. Despite several advantages, factors such as high costs, limited technical know-how and low patient confidence are likely to restrain the growth of the market.
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KEY MARKET SEGMENTS:
The Global Smart Pills technology market segmentation is illustrated below:
1. Global Smart Pills Technology Market By Technology
1.1 Capsule endoscopy technolog
Workstations and recorders
1.2 Gastrointestinal Monitoring Technology
Single parameter (pH) monitoring
Multi parameter (pH, temp, pressure) monitoring
2. Global Smart Pills Technology Market By application
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