Intelligent (Smart) Pills Market 2027 - Consumer Needs, Revenue, Pricing Strategy, Demand And Industry Growth Analysis by MRFR The report for Global Intelligent (Smart) Pills market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions Global Intelligent Pills Market
- Overview
Intelligent Pills works on the principle of ‘ingestible event markers’ (IEM), these pills are incorporated with a sensors which enables physicians to monitor patient’s use of medication. These pills can be consumed in similar way like any other medicinal tablet. The data that can be monitored with the help of these pills is heart rate, breath rate and body temperature, which will be displayed on patients smart phone. These pills were tested for number of diseases like tuberculosis, psychological disorder, cardiovascular disease, high or low blood pressure, and diabetes. Although, the concept of intelligent pills may seem to be naive, but in 1980s NASA had invented ingestible thermometer to monitor the body temperature of astronauts. Other scientists are developing pills with camera to obtain high quality images of digestive system by non-invasive method. Get Sample PDF Illustration https://www.marketresearchfuture.com/sample_request/1032
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The global intelligent pills market is expected to grow at a CAGR of 15.5 % during the forecast period. The Market is estimated to grow rapidly during the forecast period. The major factor influencing the growth of the market include increasing geriatric population. According to the U.S. Population Reference Bureau the number of people with age group of 65 years and older, will grow to 98 million by 2060. Thus the increasing geriatric population will enhance the growth of global market. Consumption of intelligent pills will be mostly by geriatric population and paralytic patients. Other factors driving the market are: increasing number of gastrointestinal disorders, stomach cancer, paralysis and infectious diseases. Capsule endoscopy is its most commonly used application to capture images of gastrointestinal tract. Key Players for Global Intelligent (Smart) Pills Market Some of the key players in this market are: Prominent players in Intelligent Pills Market: CapsoVision, Inc. (US), Given Imaging Ltd. (Israel), Medimetrics (Mexico), (Bio-Images Drug Delivery) BDD LTD (UK), Proteus Digital Health (US), and others. Global Intelligent Pills Market
- Competitive Analysis
The global market of Intelligent Pills appears to be very naïve, with very few companies developing intelligent pills. However, due to increasing awareness, companies like CapsoVision and Proteus Digital Health are using this platform to produce innovative solutions.