The Smart Pills Market To Be Astoundingly Worth US$ 3.1 Bn Between 2026

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Smart Pills Market
Report Id PMRREP21712 Category Life Science
Healthcare
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The Smart Pills Market To Be Astoundingly Worth
US 3.1 Bn Between 2026

• Integration of smart technologies in pills has
  instrumented a ground-breaking transformation in
  the global healthcare marketplace. Initially,
  consumers and patients were diffident towards
  invasive surgical procedures and drug
  administration, albeit, their perspectives have
  undergone changes. There is a growing uptake for
  indigestible medical devices, which has propelled
  the consumption of smart pills. Elements such as
  cameras, trackers and sensors are being
  integrated in smart pills, making them a key tool
  to assess the health of consumer from within the
  body.
• Persistence Market Researchs recently published
  report on the global smart pills market projects
  that the demand for these miniaturized devices
  will gain traction during the forecast period,
  2017-2026. The report projects that by the end of
  2026, more than US 3.1 Bn worth of smart pills
  will be sold globally.
• Over the forecast period, the global smart pills
  market is pegged to expand robustly at a CAGR of
  14.5. The study projects that the future
  prospects of smart pills will majorly revolve
  around their growing use as a device that can
  monitor daily medicine intake of consumers.

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Drug Delivery Applications of Smart Pills to Gain
Traction
The report estimates that in 2017, smart pills
worth over US 300 Mn have been sold globally for
their use in drug delivery applications.
Increasing non-adherence of patients towards
medication intake has driven the medical
professionals such as doctors in compelling their
patients to consume smart pills. Miniscule
sensors embedded in smart pills are being used to
detect the presence of elements in stomach, and
this information is being transmitted to the
patch worn by patients. The procured data reveals
the daily medicine intake of the patients and
allows the doctors to facilitate effective drug
delivery while monitoring the health of
patients. The report also reveals that capsule
endoscopy will be the leading application in the
global smart pills market through 2026.
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research.com/checkout/21712
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