Pune, India -- (SBWIRE) -- 06/14/2018 -- Smart Pill is a single-use, ingestible capsule that allows your physician to monitor pressure, pH and temperature through your entire GI tract. It provides gastric emptying time, small bowel transit time, colonic transit time, combined small and large bowel transit time and whole gut transit time.

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Smart pill technology reduced the gap between healthcare and digital technology, by focusing on medication recording based on various factors such as pH, pressure, temperature, density, etc. market is expected to reach USD 4.0 billion by 2024, at a CAGR of 16.18% in the forecast period 2017 to 2024. The new market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024

In-depth analysis report of "Global Smart Pill Market, helps to understand the various types of Smart Pills Technology {Capsule Endoscopy system, Gastrointestinal monitoring system}, Application, Geography – Industry Trends and Forecast to 2024", along with the variants that would gain prominence in the future.

Major Market Drivers and Restraints:
- Favourable reimbursement scenario
- Rising preference of non-invasive procedure
- Technological incompetence and high cost
- Market Segmentation: Smart Pill Market

Market Segmentation on the basis:
- Technology
- Application
- Geographical

On the basis of technology, the smart pill market is segmented into capsule endoscopy system and gastrointestinal monitoring systems. Capsule endoscopy system is sub segmented into capsule endoscope, work stations and recorders.

On the basis of application, the smart pill market is segmented into capsule endoscopy, monitoring and drug delivery.

Geographical Segmentation:
- North America
- South America
- Europe
- Asia-Pacific
- Middle East and Africa

Global Smart Pill Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.

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Top key Players:
- CapsoVision, Inc
- Novartis, Given Imaging, Inc
- Koninklijke Philips N.V
- Medimetrics S.A. de C.V
- Olympus Corporation
- Medtronic
- Bio-Images Research Limited
- Stryker, PENTAX Medical
- Siemens Healthcare private Limited
- Boston Scientific Corporation
- GE Corporate

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Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.