Smart Pills Market to Witness Growth Acceleration During 2018-2025 - Proteus Digital Health, HQ, CapsoVision, Medtronic

The global smart pills market was valued at $257 million in 2017, and is expected to reach $650 million by 2025, registering a CAGR of 12.1% from 2018 to 2025. Smart pill is an ingestible capsule with miniaturized micro-electronics. Smart pill is designed to visualize the gastrointestinal tract, thus allowing for the diagnosis and observation of lesions and disease states or conditions. As the capsule travels through the digestive tract, the camera clicks thousands of pictures that are transmitted to a recorder worn by the patient on a belt around the waist.

Smart pills are widely being used for the diagnosis of various gastrointestinal disorders such as Barrett's Esophagus, Irritable Bowel Syndrome, GERD (Gastroesophageal reflux disease) and others. In addition, smart pills are also being used for targeted drug delivery and patient monitoring. Smart pills find applications in solving the problem of medication non-adherence and enables the doctor to track the medication consumption patterns of a patient.

Major Key Players of the Smart Pills Market are:Proteus Digital Health, HQ, CapsoVision, Medtronic, Olympus Corporations, IntroMedic,, RF Co., Ltd, JINSHAN Science & Technology, Check Cap, Koninklijke Philips N.V

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