Global Smart Pills Drug Delivery Market 2024-2028

Global Smart Pills Drug Delivery Market 2024-2028

Global Smart Pills Drug Delivery Market 2024-2028

The smart pills drug delivery market is forecasted to grow by USD 5449 mn during 2023-2028, accelerating at a CAGR of 20.62% during the forecast period. The report on the smart pills drug delivery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising prevalence of chronic diseases, reimbursement approval of diagnostic and screening capsule endoscopes, and rise in demand for bowel scope screening.

Technavio's smart pills drug delivery market is segmented as below:

• By Application
• Capsule endoscopy
• Drug delivery
• Patient monitoring
• By Geographical Landscape
• North America
• Europe
• Asia
• Rest of World (ROW)

This study identifies the increased patient preference for minimally invasive surgeries as one of the prime reasons driving the smart pills drug delivery market growth during the next few years. Also, increase in R&D investments in developing smart pills by manufacturers and extended indication coverage for use of capsule endoscopes will lead to sizable demand in the market.

The report on the smart pills drug delivery market covers the following areas:

• Smart pills drug delivery market sizing
• Smart pills drug delivery market forecast
• Smart pills drug delivery market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart pills drug delivery market vendors that include AnX Robotics, CapsoVision Inc., Check-Cap Ltd., etectRx, General Electric Co., HQ Inc., Insulet Corp., IntroMedic Co. Ltd., Jinshan Science and Technology Group Co. Ltd., Koninklijke Philips N.V., Medtronic PLC, Olympus Europa SE and Co. KG, Otsuka Holdings Co. Ltd., RF Co. Ltd., and Shenzhen Zifu Medical Technology Co. Ltd. . Also, the smart pills drug delivery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.