Intelligent Pills Market report examines the market position and viewpoint of the market globally, from various angles, such as key players, geological regions, types of product and application. And also cover the other information such as Intelligent Pills Market trends, Top players, chapter-wise Description followed by various user perceptions and Forecast till 2023.
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.
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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.
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.
However, the high risk of bowel obstruction and capsule retention is likely to hinder the growth of global intelligent pills market.
Intelligent Pills Market – Prominent players:
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.
Founded in 2005, CapsoVision, Inc. manufactures medical devices in diagnostic imaging of the gastrointestinal tract. In November 2016, the company announced U.S. FDA approval of CapsoCam Plus, a small bowel endoscope. It’s the first small video capsule endoscope to be marketed in U.S. thus making CapsoVision a pioneer in capsule endoscopy. Capsule endoscopy is a non-invasive process which does not require administration of anaesthesia and reduces hospitalisation expenses. Along with capsule the company also provides other associated solutions like, CapsoRetrieve a one-time use kit for patients to collect, store, and transport CapsoCam capsule; CapsoAccess, a software to save data; CapsoView that allows generation of endoscopy reports; and CapsoCloud, an interface that enables patients to extract data from the endoscopy capsule.
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Intelligent Pills Market – Regional Analysis
Intelligent Pill market is dominated by America due to increasing geriatric population and rising genetic disorders. America is segmented into North America (U.S. and Canada) and South America (Brazil, Argentina and Peru). North America comprises of 80% of the total land of America and therefore it is largest market for Intelligent Pill. Additionally, easy access to advanced technology, reimbursement policies, and approval of innovative molecules and devices are estimated to promote market growth in North America.
Europe is the second largest market for Intelligent Pills. Increasing government funds in research and development is the major factor for the market growth within the region. Extensive use of advanced technology also promotes the market growth
The Asia Pacific region is expected to observe the fastest growth during the forcast period. Rising research and development expenditure and, the presence of the emerging countries like India and China within the region fuels the market.
TOC of Global Intelligent Pills Market Research Report- Forecast to 2027:
1 Report Prologue
2 Market Introduction
2.2 Scope of Study
2.3 Research Objective
2.4 Assumptions & Limitations
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
4 Market Dynamics
5 Market Factor Analysis
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