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Smart Pills Market by Application, Target Area & Geography - Global Forecast to 2024

Smart Pills Market: Target until 2024

  • March 2015
  • 127 pages
  • ID: 2909306
In this report:
This regional segment is expected to lead in 2024 as well, reaching $##.## million, at a CAGR of ##.##% from 2020 to 2024.
This regional segment is expected to lead in 2024 as well, reaching $##,##.## million, at a CAGR of ##.##% from 2020 to 2024.
Its capsule endoscopy segment is expected to reach $##,##.## million by 2020 from $##.## million in 2014, at a CAGR of ##.##%.

Summary

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The healthcare sector is attesting a paradigm shift from traditional devices to more sophisticated and programmed ones. Increasing demand for noninvasive procedures, sophisticated drug delivery techniques, and enhanced patient monitoring solutions are propelling the increase of this market. Firms are increasingly focusing on investing in Research&development activities for the development of the smart pills technology in order to meet consumer expectations and to help in the treatment of different diseases.

The smart pills market is broken down on the basis of applications and localities. On the basis of applications, capsule endoscopy recorded for the biggest share of the smart pills market in 2014. On the basis of regions, North America continent is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period. The high increase of this area can be accredited to the favorable reimbursement scenario, FDA approvals for smart pills, and investment by government and other agencies.

The smart pills market has few actors as two main segments of the market are under R&D phase. The firms in this market focus on increase strategies including new product launches; strategic agreements, alliances, collaborations, and others (approvals and development) to rise their customer base.

The main players in the overall smart pills market contain CapsoVision, Incorporated, Given Imaging, Incorporated, Medimetrics S.A. de C.V., Olympus Corp (TYO:7733), and Bio-Images Research Limited.

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The market research will increase both established firms as well as new entrants/smaller companies to measure the pulse of the sector, which in turn will facilitate the organizations in garnering a greater market share. Companies obtaining the industry report could use any one or an aggregation of the below-mentioned five strategies (sector entry, product improvement/innovative projects, sector development, business diversification, and opposing assessment) for strengthening their market shares.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on product types and services provided by the 10 main actors in the smart pills market. The analysis examines the smart pills technology across geographies

- Product improvement/Innovative products: In-depth understanding on the next technologies, analysis and growth activities, and recent product launches in the smart pills market

- Industry development: Highlighted information about profitable emerging sectors. The market research examines the smart pills market across geographies

- Industry diversification: Extensive information about recent products and services, untapped areas, recent evolutions, and market investments in the smart pills market

- Opposing assessment: Detailed assessment of strategies, products, and services of the leading actors in the smart pills market

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