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

Smart Pills Market
Global Smart Pills Market: Growth Factors
Favorable reimbursement scenario across the globe is the significant reason that is
propelling the growth of the global market. Further, the prevalence of gastrointestinal
disorders is also fueling the global smart pills market growth. Additionally, factors such
as controlled drug delivery increased sophistication in endoscopy procedures, and
remote patient monitoring offered by smart pills are one of the significant factors fueling
the growth of the global smart pills market. Adding more to the list, technological
advancements is powering the growth of the global market. In addition to this, rising
occurrence of colon cancer is also escalating the growth of the global market. Further,
advantages provided by the smart pills technology are also fueling the global smart pills
market growth. Adding more to the list, rising demand of smart pills from the industry is
powering the growth of the global market. Additionally, patient fondness for minimally
invasive procedures is one of the significant reasons fueling the growth of the global
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