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Smart Pills Market Size: Market Share and Growth Analysis

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The Smart Pills Market size was estimated USD 0.5 billion in 2022 and is expected to reach USD 1.2 billion by 2030 at a CAGR of 11.6% during the forecast period of 2023-2030.      

The Smart Pills Market is a rapidly growing industry that holds immense potential for revolutionizing healthcare and improving patient outcomes. These innovative pills, also known as digital pills or ingestible sensors, are equipped with tiny electronic devices that can transmit real-time data from inside the body to external devices.

One of the key drivers behind the growth of this market is the increasing prevalence of chronic diseases such as diabetes, cardiovascular disorders, and gastrointestinal conditions. Smart pills offer a non-invasive and convenient way to monitor patients' health by providing accurate information about medication adherence, vital signs, and disease progression.

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Moreover, smart pills enable healthcare professionals to gather valuable insights into patients' physiological responses to medications. This data can be used to personalize treatment plans, optimize drug dosages, and ensure better therapeutic outcomes. By enhancing medication management and reducing errors in drug administration, smart pills have the potential to significantly improve patient safety.

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KEY MARKET SEGMENTS

By Application

·         Capsule Endoscopy

·         Drug Delivery

·         Patient Monitoring

By Target Area

·         Esophagus

·         Small Intestine

·         Large Intestine

·         Stomach

By End User

·         Hospitals

·         Diagnostic Centers

·         Other End User

Major Players Listed in the Report are as Follows:

Chongqing Jinshan Science Technology (Group) Co., Ltd, RF Co., Ltd, etectrx, BodyCap, CapsoVision, Inc., Medtronic plc, Check-Cap Ltd., IntroMedic, ANX Robotica Corp., Olympus Corporation, Shenzen Jifu Medical Technology Co., Ltd, Otsuka America Pharmaceutical, Inc., and Others.

About US:

SNS Insider has been a leader in data and analytics globally with its authentic consumer and market insights. The trust of our clients and business partners has always been at the center of who we are as a company. We are a business that leads the industry in innovation, and to support the success of our clients, our highly skilled engineers, consultants, and data scientists have consistently pushed the limits of the industry with innovative methodology and measuring technologies.

We assist our clients to anticipate industrial, economic, and consumer trends to drive disruptive change by fusing global experience with local information from experts throughout the world. We bring context to strategic and tactical data by bridging approaches based on data science and field research, assisting you in addressing your most pressing problems and spotting possibilities.

Contact Us:

Akash Anand – Head of Business Development & Strategy,

info@snsinsider.com,

Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)

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