Europe Smart Pill Technologies Market Size & Analysis | Global Industry Report, 2018-2023
Europe Smart Pill Technologies Market By Application, And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2018–2023)
(EMAILWIRE.COM, October 30, 2018 ) Overview:
In the year 2018, Europe Smart Pill Technologies Market was valued at USD 811Million. By the year 2023, it is expected to reach USD 1795Million at the pace of 17.0% CAGR.
Smart pills or Nootropics are electronic medical devices that include cameras, trackers and sensors. This technology is used to diagnose gastrointestinal disorders such as constipation and gastroparesis. The electronic device can be easily swallowed, which gives a complete evaluation of the gastrointestinal tract. These devices help doctors with real-time patient monitoring with the help of remote control options. Data collected from smart pills include information such as patient heart rate, time of digestion and body temperature.
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Underlying Causes
The growth for Smart Pill Technologies market is driven due to factors likerising prevalence of gastrointestinal diseases, ability to track bodily functions, increasing aging and obese population, growing awareness about gastrointestinal treatment among people, rising demand for minimally invasive techniques, and increasing healthcare expenditure. In addition, advancement of technologies, increasing investment by private organizations, and the introduction of advanced technologies like catheter-less pH monitoring, ingestible sensors and the wireless capsule is expected to drive the market growth. However, high health risks associated with a smart pill when inserted into the body, high cost of treatments and limited skilled professionals are the restraining factors which are expected to hinder the growth rate for Europe Smart Pill Technologies Market during the forecast period.
To know more read:https://www.marketdataforecast.com/market-reports/europe-smart-pill-technologies-market-1685
Geographic Segmentation:
Based on geography the Europe Smart Pill Technologies market has been primarily divided intoUnited Kingdom, France, Spain, Italy and Germany. Europe holds the second position in the Smart Pill Technologies market due to advanced healthcare infrastructure, increasing awareness about GI diseases among the patient, increasing adoption of technological developments, and growing geriatric population are the driving factors in this region.
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Key Players:
Leading companies for Europe Smart Pill Technologies market are 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., and Proteus Digital Health Inc.
About MarketDataForecast™
Market Data Forecast is a market research firm offering syndicated research, consults and industry newsletters across various domains & verticals. With a well-established in-house team of experts from diverse fields and outsource research network across 100+ countries, we are the sole research providers for the majority of Fortune 500 companies. Along with the standards of reports being on par excellence, our unique services like free customization, analyst support for the period of six months post to the purchase will be the flag bearers and differentiates us from the rest. Our experience and in-depth understanding of various business environments will be a support to you and your organization in making well-informed decisions.
Contact Information:
Name: Mr. AbhishekShukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Above ICICI Bank Filmnagar Branch, B 44, Rd Number 3, Journalist Colony, Hyderabad, Telangana 500033.
Phone: +1-888-702-9626
In the year 2018, Europe Smart Pill Technologies Market was valued at USD 811Million. By the year 2023, it is expected to reach USD 1795Million at the pace of 17.0% CAGR.
Smart pills or Nootropics are electronic medical devices that include cameras, trackers and sensors. This technology is used to diagnose gastrointestinal disorders such as constipation and gastroparesis. The electronic device can be easily swallowed, which gives a complete evaluation of the gastrointestinal tract. These devices help doctors with real-time patient monitoring with the help of remote control options. Data collected from smart pills include information such as patient heart rate, time of digestion and body temperature.
View sample and decide:https://www.marketdataforecast.com/market-reports/europe-smart-pill-technologies-market-1685/request-sample
Underlying Causes
The growth for Smart Pill Technologies market is driven due to factors likerising prevalence of gastrointestinal diseases, ability to track bodily functions, increasing aging and obese population, growing awareness about gastrointestinal treatment among people, rising demand for minimally invasive techniques, and increasing healthcare expenditure. In addition, advancement of technologies, increasing investment by private organizations, and the introduction of advanced technologies like catheter-less pH monitoring, ingestible sensors and the wireless capsule is expected to drive the market growth. However, high health risks associated with a smart pill when inserted into the body, high cost of treatments and limited skilled professionals are the restraining factors which are expected to hinder the growth rate for Europe Smart Pill Technologies Market during the forecast period.
To know more read:https://www.marketdataforecast.com/market-reports/europe-smart-pill-technologies-market-1685
Geographic Segmentation:
Based on geography the Europe Smart Pill Technologies market has been primarily divided intoUnited Kingdom, France, Spain, Italy and Germany. Europe holds the second position in the Smart Pill Technologies market due to advanced healthcare infrastructure, increasing awareness about GI diseases among the patient, increasing adoption of technological developments, and growing geriatric population are the driving factors in this region.
Get your customized report:https://www.marketdataforecast.com/market-reports/europe-smart-pill-technologies-market-1685/customize-report
Key Players:
Leading companies for Europe Smart Pill Technologies market are 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., and Proteus Digital Health Inc.
About MarketDataForecast™
Market Data Forecast is a market research firm offering syndicated research, consults and industry newsletters across various domains & verticals. With a well-established in-house team of experts from diverse fields and outsource research network across 100+ countries, we are the sole research providers for the majority of Fortune 500 companies. Along with the standards of reports being on par excellence, our unique services like free customization, analyst support for the period of six months post to the purchase will be the flag bearers and differentiates us from the rest. Our experience and in-depth understanding of various business environments will be a support to you and your organization in making well-informed decisions.
Contact Information:
Name: Mr. AbhishekShukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Above ICICI Bank Filmnagar Branch, B 44, Rd Number 3, Journalist Colony, Hyderabad, Telangana 500033.
Phone: +1-888-702-9626
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast.
Abhishek Shukla
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