Smart Pills Market - Global Industry Insights, Trends,
Size, Share, Outlook, and Opportunity Analysis, 2018-
2026
Smart pills can be used to monitor the drug adherence, temperature and some other parameters
in the patients. Smart pills are ingestible medical devices that can be taken orally to examine
the gastrointestinal tract (GI).The advanced technology of smart pills helps in monitoring of
patients, disease diagnosis, and help to improve the drug delivery. This might help physicians
to monitor the patient’s conditions, and to check the timely routine of patient’s medication.
The smart pills may alert about the expiry date of medicines, drug completion course and
prevent from adverse events. These are expected to replace conventional diagnostic techniques
such as endoscopy and colonoscopy. The need for convenient, and accurate treatment strategies
has generated the interest in the research of smart pills.
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The increasing number of gastro-intestinal diseased population to drive the smart pills market
Increasing geriatric population creates a large target group for smart pills manufacturers. This
demographic group is highly susceptible to Inflammatory Bowel Disease (IBD). The market has
wide scope in the monitoring and diagnosis of the diseases. According to World Health
organization (WHO) 50% of people forget to take pills or take wrong medication which will be
dangerous for their health, the new smart pills technology is helping in monitoring this
conditions. According to Center for Disease Control and Prevention (CDC), around 1 million
people suffered from IBD in the U.S. in 2015. The changing lifestyles, low intake of fibers in
the food, stress, food intolerance and allergies are causing the increasing number of
gastrointestinal diseases. To cure this disease, conventional methods do not provide accurate
results. Need for accurate diagnosis and monitoring for this diseases are some of the major
factors driving the smart pills market.
Though the adaptability in the patients and to customize the product according to consumer
needs will be some of the causes which might slowdown the smart pills market.