Smart Pills Global Market Report 2023 – By Applica Smart Pills Global Market Report 2023 – By Application (Capsule Endoscopy, Patient Monitoring, Drug Delivery), By End User (Hospital, Diagnostic Center, Research Institute), By Target Area (Esophagus, Stomach, Small Intestine, Large Intestine), By Disease Indication (Esophageal Diseases, Colon Diseases, Small bowel Diseases, and Other Disease Indications) – Market Size, Trends, And Global Forecast 2023-2032 ...(expand)

Smart pills are used to deliver medication and are equipped with electronic sensors that emit signals to be captured by patches or smartphones when they are swallowed. These pills ensure drug regimen compliance and help track medication adherence of patients. For further insights on the smart pills market, request a sample here

The smart pills market growth is aided by growing preference for non-invasive procedures. However, some smart pills market restraints include high cost of smart pills associated with technological advancement. For further insights on the smart pills market, request a sample here

The smart pills market is expected to reach $7.61 billion in 2027 at a rate of 11.2%. For further insights on the smart pills market, request a sample here

The global smart pills market is segmented as
1) By Application: Capsule Endoscopy, Patient Monitoring, Drug Delivery
2) By End User: Hospital, Diagnostic Center, Research Institute
3) By Target Area: Esophagus, Stomach, Small Intestine, Large Intestine
4) By Disease Indication: Esophageal Diseases, Colon Diseases, Small bowel Diseases, and Other Disease Indications
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North America was the largest region in the smart pills market in 2022. For detailed insights on the largest region's market size and growth rate, request a sample here.

Key competitors in the smart pills market are, Medtronic Plc., Olympus Medical Technology, CapsoVision, Inc., Novartis AG, Proteus Pharmaceuticals, Philips Healthcare, Microchips, Bio-Images Drug Delivery (BDD) Limited, Given Imaging, Inc, Vitality, Boston Scientific Corporation , Boston Scientific Corporation , HQ, Inc., Fujifilm Holdings Corporation, GE Healthcare. For further insights on the smart pills market, request a sample here.

Major trends influencing the smart pills market include carrying out extensive research and development on the use of miniature chips such as addressable transmitters operated as magnetic spins (ATOMS) which can be used as smart pills. ATOMS are silicon chip devices that use the principle of magnetic resonance imaging (MRI) to determine the location of atoms in a patient’s body using magnetic fields. ATOMS can be used in ingestible smart pills to diagnose and treat diseases from within the body. The devices can be used to monitor a patient’s gastrointestinal tract, blood, or brain. They also could measure factors that indicate the health of a patient such as pH, temperature, pressure, and sugar concentrations, and relay that information to doctors. The devices could even be instructed to release drugs. For further insights on the smart pills market, request a sample here.

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