CMI Explores Emerging Smart Pills Market Trends and Broad Scope By 2027
The “Smart Pills Market” Research Report 2021-2027 is a specialized and in-depth study of the Smart Pills industry with a focus on the global market trend. The report aims to provide an overview of Smart Pills Market with detailed market segmentation by component, deployment model, end-user and geography. The Smart Pills Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Smart Pills Market players and offers key trends and opportunities in the market.
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Smart pills are the new alternative treatment methods to conventional medications and they are becoming more popular every day. Smart pills, also known as nootropics, are the equivalent of prescription nootropics. They are stimulants, selective agents, and neuromuscular enhancers that can enhance one’s brain function in a non-traditional manner. More recent studies revealed that there are significant effects of these nootropics and cognitive enhancement and that they can also be used in conjunction with conventional medications to improve one’s mental performance.
Increasing incidence of colon cancer is expected to drive growth of the global smart pills market. According to the American Society of Clinical Oncology (ASCO), colon cancer is the third most common cancer diagnosed in both men and women in the U.S. According to the same source, around 147,950 adults in the U.S. were diagnosed with colorectal cancer, of which 104,610 new cases of colon cancer and 43,340 new cases of rectal cancer. Smart pills are now being used for the treatment of colon cancer due to their various advantages such as enhanced accuracy and performance. For instance, in March 2019, the University of Minnesota conducted tests for smart pills on colon cancer patients. Hence, such factors are expected to drive growth of the global smart pills market. Furthermore, technological developments in capsule endoscopes are expected to propel the global smart pills market growth in the near future.
Potential health risks associated with these pills and rising costs with technological advancements are expected to restrain growth of the global smart pills market. However, increasing need for drug development process can present lucrative growth opportunities for market players in the near future. Among regions, North America is expected to witness significant growth in the global smart pills market. This is owing to technological developments in the healthcare sector across the region. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to increasing prevalence of stomach cancer in the region. According to the World Cancer Research Fund International (WCRFI), the Republic of Korea had the highest rate of stomach cancer in 2012 at 41.8 per 100,000, followed by Mongolia.
Major companies involved in the global smart pills market are CapsoVision Inc., Proteus Digital Health, Medtronic, Pixie Scientific, EtectRx, Novartis AG, Philips, Olympus Medical Technology, and Pentax Medical (Hoya).
For instance, in December 2019, EtectRx, a U.S.-based startup, received the U.S. Food and Drug Administration (FDA) approval for its sensor technology embedded in medications that get activated once they reach a patient’s stomach.
Major Key Players Include In Smart Pills Market: Boston Scientific Corporation, Olympus Medical Technology, Smart Pill Inc., Medtronic, Philips Healthcare, Given Imaging Ltd., Novartis, Siemens Healthcare, Pentax Medical Company, GE Healthcare, and Stryker Corporation.
Main points in Smart Pills Market Report Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Smart Pills Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Smart Pills Industry Impact
Chapter 2 Global Smart Pills Competition by Types, Applications, and Top Regions and Countries
2.1 Global Smart Pills (Volume and Value) by Type
2.3 Global Smart Pills (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Smart Pills Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Smart Pills Market Analysis
Chapter 6 East Asia Smart Pills Market Analysis
Chapter 7 Europe Smart Pills Market Analysis
Chapter 8 South Asia Smart Pills Market Analysis
Chapter 9 Southeast Asia Smart Pills Market Analysis
Chapter 10 Middle East Smart Pills Market Analysis
Chapter 11 Africa Smart Pills Market Analysis
Chapter 12 Oceania Smart Pills Market Analysis
Chapter 13 South America Smart Pills Market Analysis
Chapter 14 Company Profiles and Key Figures in Smart Pills Business
Chapter 15 Global Smart Pills Market Forecast (2021-2027)
Chapter 16 Conclusions
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Major Point Answered in Smart Pills Market Research Study are:
- What will be the progress rate of the Smart Pills Market for the conjecture period, 2021-2027?
- What are the prominent factors driving the Smart Pills Market across different regions?
- Who are the major vendors dominating the Smart Pills industry and what are their winning strategies?
- What will be the market scope for the estimated period?
- What are the major trends shaping the expansion of the industry in the coming years?
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