Global & APAC Smart Pills Market research report Competitive Landscape, segmentation, size, CAGR and Forecast 2017 to 2023 - Asia Pacific Market Research

Global & APAC Smart Pills Market research report Competitive Landscape, segmentation, size, CAGR and Forecast 2017 to 2023

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Global & APAC Smart Pills Market research report Competitive Landscape, segmentation, size, CAGR and Forecast 2017 to 2023

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The Asia-Pacific smart pills market is estimated $584.00 Million in year 2016 and is likely to grow $2.2 billion by the end of year 2022 with an anticipated CAGR 25.1% during the forecast period 2016-2022. Smart pills are those small medical devices which have embedded electronic such as sensors, trackers and small sized cameras. These pills can be easily swallowed by a patient and can provide various details related to gastrointestinal tract (GIT). Development of these healthcare-cum-technology devices i.e. pills has provided the facilities for better diagnostics and monitoring the patients. Smart pill technology utilizes the concept of biological microelectromechanical systems which enables practitioners or doctors to have a high degree of flexibility to monitor and diagnose diseases like clandestine and other mysterious diseases. These smart pills have taken an edge over conventional GI based monitoring endoscopy with its compact nature and easy access. These smart pills have become the standard non-invasive diagnostic techniques. Moreover, smart pills help in real-time patient monitoring via its remote controlling options. This technology also help in the preparation of prescriptions by getting accurate and fast diagnostics results which has revolutionized patient therapeutics, diagnostics and improved drug delivery system. Smart pill is a revolutionary innovation that has combined both healthcare and digital technology for an advance solution of patient’s diagnostic. The market of smart pill technologies is majorly driven by increasing willingness of patients to opt these methods, and their growing interest towards minimally invasive techniques for treatment. Also, factors like point specific drug delivery and wireless health monitoring solution are likely to favor the adoption of smart pills by patients and physicians. However, factors like technological incompetence, risk related to swallowing electronics, fear among patients and high cost are likely to hamper the growth in coming years.

Global smart pills market is valued around $2.5 billion in year 2016 and is anticipated to show a substantial growth i.e. 23.3% in the forecast period 2016-2022, due to growing prevalence of gastrointestinal diseases i.e. colon cancer, motility disorders, Crohns disease and obscure gastrointestinal bleeding. The advent of innovative technologies such as minimally invasive catheter-less pH monitoring, ingestible type sensors and wireless monitoring are fueling the growth in the market. Out of all the regions, North America accounts for the largest share in smart pill market and is projected to grow steadily in the forecast period. However, Asia-Pacific is probable to grow with the highest CAGR due to the presence of large number of patient population coupled with rising awareness about gastrointestinal diseases, and their advanced diagnostic and treatment methods. Aging population in countries like Japan is also likely to boost growth in smart pill technologies market. World Health Organization has projected that world’s geriatric population will reach around 2 billion by the end of 2050. Thus, this rising geriatric population count will heighten the growth of smart pill technologies market worldwide.

Asian Smart Pills Technology market is basically segmented upon technology. The market is further divided as; Capsule Endoscopy, Drug Delivery, Patient monitoring. Capsule Endoscopy segment can also be sub divided into; Colon Capsule Endoscopy, OMOM Capsule Endoscopy Platform, Small Bowel Video Capsule Endoscopy, MiroCam, The ANKON MCE System Upgraded MiroCam and Advanced Capsule Endoscope, and CapsoCam. Capsule endoscopy segment is anticipated to be one of the largest markets due to the advantages such as diagnosis of diseases in small intestine. Moreover, Drug delivery is witnessing higher growth owing to the benefit of improving patient compliance & convenience, improving medication efficiencies, and advanced technology for drug delivery.

Geographically, Asian smart pills market is divided into; India, China, Japan, South Korea, Australia and rest of Asia Pacific. The smart pill market in countries like India and Japan is predictable to grow with higher CAGR in the forecast period due to growing reimbursements, training in endoscopes handling, technological advancements specially in medical and healthcare sector along with huge incoming corporate investments in R&D. in addition to this, Japan census shows its elderly population which is currently 26.7% of the total population has grown 3.3% in last 5 years, which again supports the growth of diagnostics devices i.e. smart pills market in the country.

There are various new as-well-as stablished companies dealing in smart pills in Asia Pacific. Some of the players are; CapsoVision Inc., Medimetrics S.A. de C.V., Smartpill, Inc., Given Imaging Inc., Novartis, Bio-Images Research Limited, Philips Healthcare, Medtronic Inc., Siemens Healthcare, Stryker Corporation, GE Healthcare, IntroMedic Inc., & Technology Group Co. Ltd., Proteus Digital Health Inc., Boston Scientific Corporation, Pentax Medical Company. Mergers and acquisitions are one of the key strategy among them. One such recent example of merger is of Boston Scientific Corporation. In September 2016, Boston Scientific acquired EndoChoice Holdings Inc., the company which is specialized in treating a wide array of gastrointestinal conditions.

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License Type

Single User APAC License, Single User Global License, Site License APAC, Site License Global

  1. INTRODUCTION
    • EXECUTIVE SUMMARY
    • ESTIMATION METHODOLOGY
  2. MARKET OVERVIEW
    • MARKET DEFINITION AND SCOPE
    • VALUE CHAIN ANALYSIS
    • KEY BUYING CRITERIA
    • PORTERS 5 FORCE MODEL
    • KEY MARKET TRENDS
      • PIPELINE ANALYSIS
      • R & D SCENARIO
      • REGULATORY FRAMEWORK
    • PARAMETRIC ANALYSIS
    • KEY MARKET INSIGHTS
      • TOP 3 EMERGING COUNTRIES
      • TOP 3 REVENUE GENERATING SEGMENTS
      • TOP 3 EMERGING SEGMENTS
    • COMPETITIVE INTELLIGENCE
      • MARKET SHARE ANALYSIS
      • TOP WINNING STRATEGIES
      • CASE STUDY: TOP COMPETITIVE MOVES
    • STRATEGIC RECOMMENDATIONS & KEY CONCLUSIONS
      • INVESTMENT OPPORTUNITIES BY REGIONS
      • OPPORTUNITIES IN EMERGING APPLICATIONS
      • INVESTMENT OPPORTUNITY IN FASTEST GROWING SEGMENT
  1. MARKET DETERMINANTS
    • MARKET DRIVER
      • FAVORABLE REIMBURSEMENT COVERAGE IN SELECTED COUNTRIES
      • INCREASED PATIENT PREFERENCE FOR MINIMALLY INVASIVE SURGERIES
      • TECHNOLOGICAL ADVANCEMENTS IN CAPSULE ENDOSCOPES
      • RISE IN INCIDENCES OF COLON CANCER
      • PROLONGED INDICATION COVERAGE FOR THE USE OF CAPSULE ENDOSCOPES IN JAPAN
      • VENTURE OF PROMINENT PLAYERS IN THE ASIAN MARKET
    • MARKET RESTRAINTS
      • TECHNOLOGICAL INCOMPETENCE
      • STRICT GOVERNMENT REGULATIONS
    • MARKET OPPORTUNITIES
      • REQUIREMENT FOR RAPID DRUG DEVELOPMENT PROCESS
    • MARKET CHALLENGES
      • PRIVACY ISSUE AND ETHICAL CONCERN
      • RISK RELATED IN USING THESE DEVICES
  1. MARKET SEGMENTATION
    • APAC SMART PILLS MARKET BY TECHNOLOGY 2014 -2022 ($ MILLION)
      • APAC SMART PILLS MARKET BY CAPSULE ENDOSCOPES 2014 -2022 ($ MILLION)
      • APAC SMART PILLS MARKET BY PATIENT MONITORING 2014 -2022 ($ MILLION)
      • APAC SMART PILLS MARKET BY DRUG DELIVERY 2014 -2022 ($ MILLION)
  1. GEOGRAPHIC ANALYSIS
    • CHINA SMART PILLS MARKET 2014 -2022 ($ MILLION)
    • INDIA SMART PILLS MARKET 2014 -2022 ($ MILLION)
    • KOREA SMART PILLS MARKET 2014 -2022 ($ MILLION)
    • JAPAN SMART PILLS MARKET 2014 -2022 ($ MILLION)
    • AUSTRALIA SMART PILLS MARKET 2014 -2022 ($ MILLION)
    • NEWZEALAND SMART PILLS MARKET 2014 -2022 ($ MILLION)
    • REST OF ASIA PACIFIC SMART PILLS MARKET 2014 -2022 ($ MILLION)
  2. APAC VS APAC MARKET “A COMPARATIVE STUDY”
    • DECISION SUPPORT DATABASE & ESTIMATION METHODOLOGY
    • COMPARATIVE ANALYSIS ACROSS MARKET SEGMENTS
    • OPPORTUNITY MATRIX
    • US VS APAC MARKET
    • EUROPE VS APAC MARKET
    • ROW VS APAC MARKET
  3. COMPANY PROFILES
    • 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
    • GE Healthcare

LIST OF TABLES

  1. APAC SMART PILLS MARKET BY TECHNOLOGY 2014 -2022 ($ MILLION)
  2. APAC SMART PILLS MARKET BY CAPSULE ENDOSCOPES ACROSS GEOGRAPHIES 2014 -2022 ($ MILLION)
  3. APAC SMART PILLS MARKET BY PATIENT MONITORING ACROSS GEOGRAPHIES 2014 -2022 ($ MILLION)
  4. APAC SMART PILLS MARKET BY DRUG DELIVERY ACROSS GEOGRAPHIES 2014 -2022 ($ MILLION)
  5. NORTH AMERICA SMART PILLS MARKET 2014 -2022 ($ MILLION)
  6. US SMART PILLS MARKET 2014 -2022 ($ MILLION)
  7. CANADA SMART PILLS MARKET 2014 -2022 ($ MILLION)
  8. EUROPE SMART PILLS MARKET 2014 -2022 ($ MILLION)
  9. UK SMART PILLS MARKET 2014 -2022 ($ MILLION)
  10. GERMANY SMART PILLS MARKET 2014 -2022 ($ MILLION)
  11. ITALY SMART PILLS MARKET 2014 -2022 ($ MILLION)
  12. SPAIN SMART PILLS MARKET 2014 -2022 ($ MILLION)
  13. ROE SMART PILLS MARKET 2014 -2022 ($ MILLION)
  14. ASIA PACIFIC SMART PILLS MARKET 2014 -2022 ($ MILLION)
  15. INDIA SMART PILLS MARKET 2014 -2022 ($ MILLION)
  16. CHINA SMART PILLS MARKET 2014 -2022 ($ MILLION)
  17. JAPAN SMART PILLS MARKET 2014 -2022 ($ MILLION)
  18. AUSTRALIA SMART PILLS MARKET 2014 -2022 ($ MILLION)
  19. REST OF ASIA PACIFIC SMART PILLS MARKET 2014 -2022 ($ MILLION)
  20. ROW SMART PILLS MARKET 2014 -2022 ($ MILLION)

 

LIST OF FIGURE

  1. APAC SMART PILLS MARKET BY CAPSULE ENDOSCOPES 2014 -2022 ($ MILLION)
  2. APAC SMART PILLS MARKET BY PATIENT MONITORING 2014 -2022 ($ MILLION)
  3. APAC SMART PILLS MARKET BY DRUG DELIVERY 2014 -2022 ($ MILLION)
  4. US SMART PILLS MARKET 2014 -2022 ($ MILLION)
  5. CANADA SMART PILLS MARKET 2014 -2022 ($ MILLION)
  6. UK SMART PILLS MARKET 2014 -2022 ($ MILLION)
  7. GERMANY SMART PILLS MARKET 2014 -2022 ($ MILLION)
  8. ITALY SMART PILLS MARKET 2014 -2022 ($ MILLION)
  9. SPAIN SMART PILLS MARKET 2014 -2022 ($ MILLION)
  10. ROE SMART PILLS MARKET 2014 -2022 ($ MILLION)
  11. INDIA SMART PILLS MARKET 2014 -2022 ($ MILLION)
  12. CHINA SMART PILLS MARKET 2014 -2022 ($ MILLION)
  13. JAPAN SMART PILLS MARKET 2014 -2022 ($ MILLION)
  14. AUSTRALIA SMART PILLS MARKET 2014 -2022 ($ MILLION)
  15. REST OF ASIA PACIFIC SMART PILLS MARKET 2014 -2022 ($ MILLION)

 

 

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