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(Medical-NewsWire.com, August 04, 2017 ) According to the report North America Smart Pill Technologies Market, published by Market Data Forecast, the North America market is projected to reach USD 1605.37 Million by 2021, at a CAGR 17.2% 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.
Smart pill technologies is the converging link between digital technology and healthcare industries. These smart pills have many benefits other than providing signals and alerts when consumed. By programming the pill accordingly, it can trigger a reminder according to the remainder time whenever the pill needs to be consumed. It can alert the physician, patient, medical staff or the caretaker when the medicine has been consumed which will help in accurate documentation of patient compliance or adherence. It can also provide alerts if the pill hasn't been consumed on a timely routine since multiple medications need to be taken by a large number of patients.
Get a comprehensive overview of the North America Smart Pill Technologies Market: http://www.marketdataforecast.com/market-reports/north-america-smart-pill-technologies-market-1684/
North America Smart Pill Technologies Market: Drivers & Restraints
The market for Smart Pill Technologies is mainly driven due to favorable reimbursement scenario, patient preference for minimally invasive procedures, technological advancements in endoscopy procedures, and rising prevalence of colon cancer. But, the market growth can be hampered due to barriers to technology such as age, cost and utility, and fear among patients regarding swallowing a microchip.
Get accurate market forecast and analysis on the North America Smart Pill Technologies Market. Request a sample to stay up-to-date on the main trends affecting this market http://www.marketdataforecast.com/market-reports/north-america-smart-pill-technologies-market-1684/request-sample
North America Smart Pill Technologies Market: Segmentation
By Application
Introduction
Capsule Endoscopy
o Small Bowel Video Capsule Endoscopy
o Colon Capsule Endoscopy
o OMOM Capsule Endoscopy Platform
o MiroCam
o Upgraded MiroCam and Advanced Capsule Endoscope
o The ANKON MCE System
o CapsoCam
Drug Delivery
Patient monitoring
Y-o-Y Growth Analysis, By Application
Market Attractiveness Analysis, By Application
Market Share Analysis, By Application
From simple data collation through secondary and primary research to ad-hoc research requests relating to specific information, we provide our services via customization. Get customization at http://www.marketdataforecast.com/market-reports/north-america-smart-pill-technologies-market-1684/customize-report
North America Smart Pill Technologies Market: Overview
The smart pill technologies has recently entered the market and is rapidly penetrating the developed as well as developing countries. The growing demand and escalating adoption rate for monitoring and treating diseases by newly advanced technologies has given an impetus to the global smart pill technologies market. In the last few years the market has seen high percentage of acceptance towards usage due to non-invasiveness, better patient accessibility and thorough monitoring.
The first capsule endoscope model, which is now regarded as a first-line tool for the detection of abnormalities of the small bowel, was the PillCam SB. It was approved in Japan in April 2007. GI monitoring application segment is expected to register fastest growth in the forecast period, amongst all other segments. In the coming years, global smart pill technologies market will witness significant developments in innovation of a wide range of new products that will require novel marketing approaches. Capsule endoscopy segment is expected to be one of the largest markets owing to the advantages attached such as disease diagnosis in small intestine. Drug delivery market is also expected to experience growth due to the benefit of improving medication efficiencies, improving patient compliance & convenience, and fast paced technology.
North America Smart Pill Technologies Market: Region-wise Outlook
Geographically, North America market for Smart Pill Technologies is segmented into U.S. and Canada. North America is the biggest market in terms of market share across the globe. The market in North America is highly driven due to favorable reimbursement scenario, FDA approvals for smart pills, and rising investments by government and other agencies.
Key Questions Answered
What is the industry growth forecast from 2016 to 2021?
What is the current and future Smart Pill Technologies Market outlook in North America? What trends are affecting the North America market?
What is the competitive landscape and market share of major players in the Smart Pill Technologies space in North America?
What are the technology & innovation trends, how will they evolve by 2021?
What are the key, high growth markets that Smart Pill Technologies should expand into? Which market segments are growing the fastest?
What are the unmet needs with the Smart Pill Technologies currently on the market? How will emerging technologies fulfil these unmet needs?
What is physician perception and market outlook of Smart Pill Technologies?
What are the challenges and barriers that have hindered widespread adoption of Smart Pill Technologies?
North America Smart Pill Technologies Market: Key Players
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.
Reasons to buy North America Smart Pill Technologies Market Report:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses
A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more information, kindly visit, www.marketdataforecast.com
Market Data Forecast
Abhishek
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Source: EmailWire.Com 
Source: EmailWire.com
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