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(MoneyNewsWire.Net, October 26, 2017 ) According to the report Global Smart Pill Technologies market, published by Market Data Forecast, the Market has been estimated at USD 2200 Million in 2016 and is projected to reach USD 4927.33 Million by 2021, at a CAGR of 17.5% during the forecast period from 2016 to 2021. Smart pill technology is used to diagnose gastrointestinal (GI) disorders such as constipation and gastroparesis. Smart pill technology functions by providing the practitioner, with information pertaining to various parameters such as pH, temperature and pressure of gastrointestinal tract. Smart pill is a nascent technology that holds immense potential in the field of medical diagnostics.
Browse market data tables and in-depth TOC of the Global Smart Pill Technologies Industry to 2021 @ http://www.marketdataforecast.com/market-reports/global-smart-pill-technologies-market-1683/
The market for Smart Pill Technologies is mainly driven due to rising prevalence of geriatric gastrointestinal diseases, changing lifestyle which includes shift in diet pattern and aging population, as elderly people are at a higher risk of acquiring various gastrointestinal diseases such as ulcerative colitis and IBD. But, the market growth can be restrained due to technological incompetence of capsule endoscopes, high costs and possible health risks associated with a smart pill inserted into the body.
Smart Pill Technologies Market segmentation by Application and Region
1. By Application
• Capsule Endoscopy
a) Small Bowel Video Capsule Endoscopy
b) Colon Capsule Endoscopy
c) OMOM Capsule Endoscopy Platform
• Drug Delivery
• Patient monitoring
2. By Region
• North America
• Asia Pacific
• Latin America
• Europe
• Middle East and Africa
Free sample of the report is available @ http://www.marketdataforecast.com/market-reports/global-smart-pill-technologies-market-1683/request-sample
CapsoVision, Inc., Given Imaging, Inc., Medimetrics S.A. de C.V., Olympus Corporation, Bio-Images Research Limited, Novartis, Given Imaging Ltd, Philips Healthcare, Smartpill, Inc., Medtronic, Inc., Pentax Medical Company, Siemens Healthcare, Stryker Corporation, GE Healthcare, Boston Scientific Corporation, IntroMedic Inc., Chongqing Jinshan Science & Technology Group Co. Ltd., Proteus Digital Health Inc., are the major players of Global Smart Pill Technologies market.
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