Zion Market Research Global Smart Pills Market, 2016–2024 | Page 3

Smart Pills Market
On the other hand, the technological ineffectiveness of pill endoscopes is the main reason
that restrains the growth of the global market. Moreover, high costs also hinder the growth
of global smart pills market. Further, panic among patients concerning gulping down a
microchip is hampering the global market. Moving further, poor adaptation of technology is
also the main factor that restrains the global smart pills market
Global Smart Pills Market: Segmentation
On the basis of applications, the global smart pills market is mainly classified as patient
monitoring, drug delivery, capsule endoscopy, and others. The capsule endoscopy sub-
segment is further divided based on the application as abdominal pain, unexplained
bleeding, ulcers, iron deficiency, polyps & tumors of a small intestine.
Based on geography, the global market is bifurcated into North America, the Middle East
and Africa, Asia-Pacific, and Europe.
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Global Smart Pills Market: Regional Analysis
Favorable reimbursement scenario has elevated the global market in North America. Also,
the prevalence of gastrointestinal disorders is escalating the global market specifically in the
U.S. Factors such as controlled drug delivery, increased sophistication in endoscopy
procedures, and remote patient monitoring offered by smart pills are boosting the global
market in India, China, and Japan. Technological advancements have elevated the global
market mainly in other parts of Asia Pacific. Also, rising prevalence of colon cancer is also
escalating the global market in Germany. Reduction in the energy consumption has fueled