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Market Scenario


Smart pills are ingestible medical devices which are capsule sized and cave applications in diagnosis, treatments and drug delivery. Market Research Future's findings during a study of the global smart pills market imply the growth of the market at a highly promising CAGR of 14.2% during the forecast period from 2018 to 2023. At this growth rate, the market is on track to achieve a value of USD 1,800 Mn by the end of 2023.


Avail Sample Research@ Government restrictions and difficulty getting approval for various medical devices is expected to impede market growth. The stringency of approval by regulatory authorities is accompanied by the high cost of smart pills to challenge the growth of the smart pills market. However, the demand for speedy diagnosis Cheap NFL Jerseys Free Shiping , and improving reimbursement policies are likely to reveal market opportunities.


Key Players


Some of the key players in the global smart pills market are Olympus Corporation, Proteus Digital Health, Inc., CapsoVision, Inc., MEDTRONIC, FUJIFILM Holdings Corporation, RF Co. Cheap NFL Jerseys From China , Ltd., Check-Cap, BDD Limited, JINSHAN Science & Technology, MEDISAFE, PENTAX Medical, and INTROMEDIC.


Segmentation


Segmental analysis of the key components of the global smart pills market has been performed based on application, target area Cheap NFL Jerseys China , disease indication, end-user, and region. Applications of smart pills are found in capsule endoscopy, drug delivery, patient monitoring, and others. Sub-division of the capsule endoscopy segment includes small bowel capsule endoscopy, controllable capsule endoscopy, colon capsule endoscopy Cheap NFL Jerseys , and others. Meanwhile, the patient monitoring segment is further divided into capsule pH monitoring and others.


Target area of smart pills is primarily segmented into the small intestine, large intestine, stomach, and esophagus.