Increasing demand for novel endoscopic tools which are capable of monitoring human anatomy and various other gastrointestinal structures are expected to boost usage rates of smart pills over the forecast period. For More Information Visit - http://www.grandviewresearch.com/industry-analysis/smart-pills-market

1. Smart Pills Market by Application Analysis (capsule
endoscopy, patient monitoring, and drug delivery), Market
Size, Regional Outlook, Competitive Strategies and
Forecasts, 2015 To 2022
Increasing demand for novel endoscopic tools which are capable of monitoring
human anatomy and various other gastrointestinal structures are expected to boost
usage rates of smart pills over the forecast period. Based on multiple factors such
as density, temperature, pressure, pH, and other, smart pills focuses on the
medication recording. Furthermore, growing geriatric population with
gastrointestinal (GI) disorders like gastric ulcers, gastritis, and constipation,
increasing adolescent population with unhealthy food habits like skipping meals,
consumption of junk food, and poor diet, and growing predominance of
gastrointestinal disorders such as GERD, gastroparesis, diverticulitis and colitis are
expected to positively reinforce market growth over the estimated period of seven
years.

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Moreover, increasing demand for MIS procedures, growing prevalence of colon
cancer & peptic ulcers, implementation of technological advancement in
endoscopic procedures and endoscopic therapies like esophageal banding, and
technological advancements such as integration of software based analysis, and
wireless capsule implementation are amongst few factors propelling market
growth.

3. The capsule endoscopy emerged as one of the highest revenue contributing
application area of smart pills. The adaptation rates of capsule endoscopy is
encouraged by the introduction of various reimbursement policies by the
government, growing prevalence of peptic ulcers & crohn’s disease, and growing
demand for fast and uncomplicated diagnosis. Furthermore, drug delivery is
expected to grow at a lucrative rate over the forecast period owing to the factors
such as growing awareness regarding targeted drug deliveries among the patient
population, and growing demand for effective and efficient treatment options.The
key regional market players included in the study are North America, Europe, Asia
Pacific, MEA and Latin America. In 2014, North America was one of the most
profitable region in smart pills market.

4. The key factors attributing for its large share includes increasing government
initiatives pertaining to reimbursement policies, increasing healthcare expenditure
and growing awareness regarding GI diseases, its diagnostics procedures, and
treatment among patient and physician. However, Asia Pacific is expected to
witness lucrative growth over the forecast period owing to rising awareness levels
pertaining to advantages associated with minimally invasive procedures, growing
incidences of intestinal infection and colon cancer, and favorable government
initiatives such as Patient Focus Drug Development.
Key players operating in the global smart pills market include Boston Scientific
Corporation, Philips Healthcare, Given Imaging Ltd, Olympus Medical
Technology, Smart pill Inc, Siemens Healthcare, Novartis, Pentax Medical
Company, Medtronic, Inc, GE Healthcare, and Stryker Corporation.
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