COVID-19 UPDATE: Global Digital Pills Market to Show Tremendous Growth by 2027 | Leading Players-2morrow Inc., Ginger, Puretech Health, Livongo Health, Alivecor, Inc., Welldoc, Inc
Data Bridge Market Research has recently added a concise research on the Global Digital Pills Market to depict valuable insights related to significant market trends driving the industry. Global Digital Pills Market research report has been produced with the systematic gathering of market information for industry. All this information is supplied in such a way that it properly gives explanation of various facts and figures to the business. The market data provided in this report helps to discover diverse market opportunities present worldwide for industry. This report gives accurate information about market trends, industrial changes, and consumer behaviour etc. Taking up such market research report is always very advantageous for any company, whether it is a small scale or large scale, for marketing of products or services. Analytical study of Global Digital Pills Market report helps in mapping growth strategies to increase sales and build brand image in the market.
Global digital pills market is estimated to reach USD 0 302.70 million by 2026 registering a substantial CAGR of 7.90% in the forecast period of 2019-2026. This rise in the market can be attributed to the rising prevalence of chronic diseases and the advancements in tracking tools.
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Key Market Competitors: Global Digital Pills Market
Few of the major market competitors currently working in the digital pills market are Proteus Digital Health., Ostuka Holdings Co., Ltd., 2morrow Inc., Ginger, Puretech Health, Livongo Health, Alivecor, Inc., Welldoc, Inc., Omada Health, Inc., Novartis Ag, Yuza., Abbott, Mocacare, Gentag, Inc., Irhythm Technologies, Inc., Leaf Healthcare, Inc., Perficient, Inc., Olympus Corporation, Bdd Limited, Capsocam Plus, Medtronic, among others.
The persuasive Global Digital Pills Market research report provides a comprehensive analysis on the study of industry with respect to a number of aspects. The report includes analysis and discussion of important industry trends, market size, and market share estimates. 2019 has been considered as the base year while 2018 is the historic year for calculations in the report. These calculations will provide estimations about how the Global Digital Pills Market is going to perform in the forecast years by informing what the market definition, classifications, applications, and engagements are. A comprehensive Global Digital Pills Market report additionally encompasses predictions utilizing a practical arrangement of techniques.
Global Digital Pills Market By Diseases (Cardiovascular Diseases, Infectious Diseases, Diabetes, Cancer, Others), End User (Hospitals, Clinics, Home Care Settings, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026
Key Developments in the Market:
- In September 2018, Otsuka and Magellan Health together have launched their first digital pill AbilfyMyCite, to treat mental health disorders. It has a Proteus Digital Health sensor embedded in the tablet, wherein all the information is linked and downloaded on a Bluetooth enabled device
- In December 2018, ResMed, a world leading health company in cloud-connected medical devices acquired Propeller Health, a digital therapeutics company that deals the medication problems of people suffering with COPD and asthma. Propellers digital medicines consists of small sensors which are attached to the inhaler pumps of consumers and linked with a mobile app to automatically track medication use and provide immediate response and generate feedback
- In March 2018, -PEAR Therapeutics, the pioneering leader in FDA-cleared prescription digital therapeutic entered into an affirmative agreement with Novartis, a pharma company to develop digital therapeutics for schizophrenia and multiple sclerosis (MS). These digital pills are software applications developed to strategically improve clinical results for patients. This would merge Novartis’ expertise in neurological disorders, clinical development, and commercialization with PEAR’s expertise in prescription digital therapeutic design and implementation
Competitive Analysis: Global Digital Pills Market
Global digital pills market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of digital pills market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Rising Prevalence in chronic diseases stimulates the demand for digital pills, as they are used for the treatment of such diseases
Decreased expenses from wasted medications
Faster recovery times from greater adherence to treatment regimens, and quick results boost the growth of this market
Rising R&D investments as well as technological advancement by manufactures in tracking tools have led to transformation in digital pills
Increasing prevalence of disease such as diabetes and other cardiovascular disorders and the need for their treatment via controlled dosage
Smart pills give an exact drug delivery, increased development in endoscopy processes, and monitoring the results of patients irrespective of location are stimulating people people to adopt this technology
Lack of knowledge pertaining to digital pills hinders the growth during the forthcoming years
Market Definition: Global Digital Pills Market
Digital pills is an ingestible sensors, micro sized, connected to small wearable skin sensor patch, which transmits the composed data to the connected digital device such as smartphones. The data collected from digital pills are stored and then patients are enables to share the data with their physicians and caretaker.
- Rising Prevalence in chronic diseases stimulates the demand for digital pills, as they are used for the treatment of such diseases
- Decreased expenses from wasted medications
- Faster recovery times from greater adherence to treatment regimens, and quick results boost the growth of this market
- Rising R&D investments as well as technological advancement by manufactures in tracking tools have led to transformation in digital pills
- Increasing prevalence of disease such as diabetes and other cardiovascular disorders and the need for their treatment via controlled dosage
- Smart pills give an exact drug delivery, increased development in endoscopy processes, and monitoring the results of patients irrespective of location are stimulating people people to adopt this technology
- Lack of knowledge pertaining to digital pills hinders the growth during the forthcoming years
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Reasons to Purchase this Report
- Current and future of global digital pills market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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