Latin America Smart Pill Technologies Market key Drivers and Challenges 2021
The Latin America Smart Pill Technologies market has been estimated at USD 220 Million in 2016 and is projected to reach USD 501.18 Million by 2021, at a CAGR of 17.9%
(EMAILWIRE.COM, January 09, 2018 ) Smart pill technology is used to diagnose gastrointestinal (GI) disorders such as constipation and gastroparesis. This technology comprises wireless capsule, a receiver worn by the patient and computer software that analyzes and sorts the collated information. Smart pill is still a nascent technology that holds immense potential in the field of medical diagnostics.
The market for Smart Pill Technologies is mainly driven due to benefits provided by the smart pills technology such as technological advancements in endoscopy procedures, targeted drug delivery, and easy remote patient monitoring, which is propelling the adoption of this technology. But, the market growth can be hampered due to higher associated cost and poor adaptation of technology especially in developing countries.
Latin America market for Smart Pill Technologies is segmented based on Application. By Application, the market is further sub-segmented into Capsule Endoscopy, Drug Delivery, Patient monitoring. Capsule Endoscopy segment is further sub-segmented into Small Bowel Video Capsule Endoscopy, Colon Capsule Endoscopy, OMOM Capsule Endoscopy Platform, MiroCam, Upgraded MiroCam and Advanced Capsule Endoscope, The ANKON MCE System and CapsoCam. Capsule endoscopy segment is expected to be one of the largest markets owing to the advantages attached such as disease diagnosis in small intestine. Drug delivery market is also expected to experience growth due to the benefit of improving medication efficiencies, improving patient compliance & convenience, and fast paced technology.
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Geographically, Latin America market for Smart Pill Technologies is segmented into Brazil, Argentina, Mexico and Rest of Latin America. Latin American market is escalating with high CAGR. Factor like increasing disposable income of the patients in developing countries of Latin America, is creating a lot of opportunities for market growth, and is attracting the market players for business expansion in this region.
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CapsoVision, Inc., Given Imaging, Inc., Medimetrics S.A. de C.V., Olympus Corporation, Bio-Images Research Limited, Novartis, Given Imaging Ltd, Philips Healthcare, Smartpill, Inc., Medtronic, Inc., Pentax Medical Company, Siemens Healthcare, Stryker Corporation, GE Healthcare, Boston Scientific Corporation, IntroMedic Inc., Chongqing Jinshan Science & Technology Group Co. Ltd., Proteus Digital Health Inc., are the major players of Latin America Smart Pill Technologies market.
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Market Data Forecast is a well versed market research firm catering solutions in the fields of market research, business intelligence and consulting. With a profound knowledge about the global market activities coupled with a customized approach. We render services in the most gripping markets like healthcare, agriculture and food & Beverages
The market for Smart Pill Technologies is mainly driven due to benefits provided by the smart pills technology such as technological advancements in endoscopy procedures, targeted drug delivery, and easy remote patient monitoring, which is propelling the adoption of this technology. But, the market growth can be hampered due to higher associated cost and poor adaptation of technology especially in developing countries.
Latin America market for Smart Pill Technologies is segmented based on Application. By Application, the market is further sub-segmented into Capsule Endoscopy, Drug Delivery, Patient monitoring. Capsule Endoscopy segment is further sub-segmented into Small Bowel Video Capsule Endoscopy, Colon Capsule Endoscopy, OMOM Capsule Endoscopy Platform, MiroCam, Upgraded MiroCam and Advanced Capsule Endoscope, The ANKON MCE System and CapsoCam. Capsule endoscopy segment is expected to be one of the largest markets owing to the advantages attached such as disease diagnosis in small intestine. Drug delivery market is also expected to experience growth due to the benefit of improving medication efficiencies, improving patient compliance & convenience, and fast paced technology.
Free sample of the report is available @ http://www.marketdataforecast.com/market-reports/Latin-America-smart-pill-technologies-market-1687/request-sample
Geographically, Latin America market for Smart Pill Technologies is segmented into Brazil, Argentina, Mexico and Rest of Latin America. Latin American market is escalating with high CAGR. Factor like increasing disposable income of the patients in developing countries of Latin America, is creating a lot of opportunities for market growth, and is attracting the market players for business expansion in this region.
Inquire before buying @ http://www.marketdataforecast.com/market-reports/Latin-America-smart-pill-technologies-market-1687/inquire
CapsoVision, Inc., Given Imaging, Inc., Medimetrics S.A. de C.V., Olympus Corporation, Bio-Images Research Limited, Novartis, Given Imaging Ltd, Philips Healthcare, Smartpill, Inc., Medtronic, Inc., Pentax Medical Company, Siemens Healthcare, Stryker Corporation, GE Healthcare, Boston Scientific Corporation, IntroMedic Inc., Chongqing Jinshan Science & Technology Group Co. Ltd., Proteus Digital Health Inc., are the major players of Latin America Smart Pill Technologies market.
About Market Data Forecast
Market Data Forecast is a well versed market research firm catering solutions in the fields of market research, business intelligence and consulting. With a profound knowledge about the global market activities coupled with a customized approach. We render services in the most gripping markets like healthcare, agriculture and food & Beverages
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Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results