Description
The smart pills technology market on a global level was valued as a USD 108 million industry in 2012 and is expected to grow at a rapid rate and is set to become a USD 330 million market by 2018 . This market is expected to grow at a CAGR of 20.46 %. The use of smart pills , which seemed futuristic and improbable a hundred years ago , is now becoming a reality . The idea of having something that is minute but all-powerful in onebody , and able to track bodily functions and forewarn of potential illnesses , has started to appeal to many people . The increased need for convenient , minimally invasive devices and accurate therapeutic treatment strategies has led to an increased interest in research on smart pills . Global Smart Pill Patient Monitoring Market- Market Dynamics The report details several driving and restraining factors for the global smart pill patient monitoring market . Some of these are listed below .
Request a sample of this report @ http :// www . orbisresearch . com / contacts / request-sample / 219603 .
Drivers Convenience created in managing prescriptions and overall health Easy tracking of the bodily functions Increased interest and willingness from the patients to opt this mode of treatment
Restraints Ethical concerns Privacy issue Possible health risk associated with a smart pill inserted into a body The market is segmented into four categories . The categories being patient monitoring systems , smart pill drug delivery modes , capsule endoscopy , and diagnostics . The market trends , forecasting , and geographic analysis is done in detail for the smart pill patient monitoring market on a global basis . Geographical trends are also available for this data . The US has been the market leader in smart pill patient monitoring since 2012 . After the US , Europe has the major market share . In the emerging markets , this technology is still in the starting stages but in the future , the emerging markets are expected to show a rise in the market share .
Some of the key players in the market are : MicroCHIPS Novartis AG Phillips Pixie Scientific Proteus Pharmaceuticals Vitality
Purchase a copy of Global Smart Pills Patient Monitoring Market visit @ http :// www . orbisresearch . com / contact / purchase / 219603 For more information contact sales @ orbisresearch . com . www . orbisresearch . com ; + 1 ( 214 ) 884-6817 ; + 9120-64101019