Global Smart Pills Industry valued approximately USD 809 million in 2016 is anticipated to grow with a healthy growth rate of more than 16.10% over the forecast period 2017-2025. The rising demands of focus on patient’s ease, minimally invasive procedures, and technological advancements like miniaturization of IC include the key aspects that would control the growth of the industry.
The objective of the study is to define Industry sizes of different segments & countries in previous years and to forecast the values to the next eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the Industry. Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players.
The major market players in Smart Pills Industry are Medtronic, Proteus Digital Health, Olympus Corp., MediSafe, Given Imaging Inc., Medimetrics S.A. de C.V., Bio-Images Research Ltd., and CapsoVision. New product launches focus on continuous technology innovations, acquisitions, and effective mergers are some of the strategies adopted by the key manufacturers. The companies are also trying to dominate the Industry by offering upgraded versions of currently being used devices.
The detailed segments and sub-segment of the Industry are explained below:
By Target Area
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa