Smart Pills Market to exceed $246bn by 2025
The Latest Comprehensive
Industry research study titled, “Smart Pills Market by Products, Application - Global Industry
Analysis and Forecast To 2025” published by Crystal Market Research.
Diseases related to gastrointestinal tract are known as
gastrointestinal disorders. Gastrointestinal disorders include gastro
esophageal reflux disease, hiatal hernia, esophagitis, gastritis, peptic ulcer
disease, Zollinger-Ellison syndrome, ulcerative colitis, and inflammatory bowel
disease. Gastro esophageal reflux disease is a digestive disease in which the
stomach content flows back in the esophagus. Symptoms of GERD are heartburn,
dry cough, chest pain, regurgitation of food, dysphagia, hoarseness, and chest
pain. Risk factors for GERD are asthma, obesity, pregnancy, and diabetes.
Hiatal hernia is a condition in which stomach is pushed upward through the
diaphragm. Symptoms of hiatal hernia are heartburn, difficulty in swallowing,
belching and abdominal pain. The risk factors for hiatal hernia are age and
obesity. The next disorder is esophagitis which is an inflammation of
esophagus. Symptoms of esophagitis are heart burn, acid regurgitation, pain
while swallowing, and chest pain. Risk factors for esophagitis are excessive
fatty meals and dietary factors such as caffeine. Another gastrointestinal
disorder is peptic ulcers in which sores are developed inside the stomach
lining. Symptoms of peptic ulcers are heartburn, nausea, and stomach pain. Risk
factors are smoking, stress, spicy food, and alcohol consumption. In case of
Zollinger-Ellison syndrome, tumors are formed inside pancreas, which cause
secretion of gastrin. Symptoms are diarrhea, nausea, burning sensation, and
vomiting. The next important gastrointestinal disorder is ulcerative colitis in
which there is inflammation of colon and formation of sores in the lining of
colon. Symptoms are weight loss, rectal pain, abdominal pain, diarrhea and
fever. Risk factors for ulcerative colitis are age and family history. These
gastrointestinal disorders can be diagnosed with the use of smart pills.
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Report: https://www.crystalmarketresearch.com/report/smart-pills-market
Smart Pills
is an ingestible capsule which consists of miniaturized electronics such as
cameras, trackers, patches and sensors which helps in diagnosing and monitoring
gastrointestinal disorders. This technology will revolutionize the
gastrointestinal diagnosis field. The smart pill has great flexibility and can
deliver the drug in desired location with required rate and dose. It can also
monitor gastrointestinal environment. The therapies which cannot be delivered
by regular means can be delivered by smart pills. Smart pills will help in
monitoring various parameters such as pressure, drug adherence, temperature and
pH in patients. These pills are made of bonier polymers which will remain
chemically and physically stable during storage of drug. These polymers are impermeable
to gastric fluids. The drug from the smart pill is released by active or
passive mechanism. In active mechanism the delivery of the drug can be
controlled better. Further, the camera smart pill can be used in diagnosis for
gastrointestinal disorder where ultrasound is ineffective. Non-dissolvable
smart pills will enhance the diagnostic performance.
The
major factor that drives the growth of smart pills market is increase in the
prevalence of gastrointestinal diseases. The other important factor which will
drive the growth of this market is increase in the geriatric population. For
instance, according to WHO, in 2015, 900 million people were 60 years of age or
older and this number is expected to reach up to 2 billion by 2050.
However, high cost of smart pills can hamper the growth of the smart
pills markets. Technological advancements will also fuel the growth of this
market. For instance, in August 2014, Capos Vision launched Capos Cam SV-2
which is a smart capsule with hallmark 360 degree for panoramic lateral
viewing.
The key
strategy followed by the major players in the smart pills market is product
innovation to gain more market share. For instance, in March 2016, Medtronic
received FDA approval for Pill Cam COLON 2 Capsule for an expanded indication.
It is approved for detection of colon polyps. With the launch of Pill Cam COLON
2 Capsule, Medtronic will gain more market share.
Major Market Players:
Ø
Fujifilm
Holdings Corporation
Ø
Capos
Vision, Inc.
Ø
Olympus
Corporation
Ø
Given
Imaging Ltd.
Ø Proteus Digital Health, Inc.
Smart Pills Market Segmentation:
By Application:
- Patient Monitoring
- Drug Delivery
- Capsule Endoscopy
By Target Area:
- Large Intestine
- Stomach
- Small Intestine
- Esophagus
By
Region:
- North America
o U.S
o Canada
o Mexico
- Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
- Asia-Pacific
o Japan
o China
o Australia
o India
o South Korea
o Rest of Asia-Pacific
- Rest of the World
o Brazil
o South Africa
o Saudi Arabia
o Turkey
o United Arab Emirates
o Others
About Us:
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provides both syndicated as well as customized research studies for its
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