Electronic Pill Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The electronic pill is an ingestible capsule with sensors and a camera built in. Following ingestion, the pill collects several images of the gastrointestinal tract every second, which are sent to the attached recording device. Temperature, pH, conductivity, and dissolved oxygen are all monitored with this technique. Electronic pills are used to diagnose gastrointestinal disorders such as colon cancer, polyps, gastrointestinal haemorrhage, and other infectious diseases. The market has grown due to an increasing preference for non-invasive diagnostic methods.

MARKET SCOPE

The Global Electronic Pill Market Analysis to 2031 is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the electronic pill market with detailed market segmentation by target area, application and end user. The report provides key statistics on the market status of the leading electronic pill market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on target area the market is segmented as, esophagus, stomach and large intestine.
  
•   Based on application the market is segmented as, capsule endoscopy, drug delivery, patient monitoring.
  
•   Based on end user the market is segmented as, hospitals, diagnostic centers, clinical research organizations and others.
  

MARKET DYNAMICS

Drivers:

•   Growing geriatric population across the globe and increasing demand for non-invasive methods of diagnosis.
  
•   Increasing prevalence of gastrointestinal disorders, colon cancers.
  
•   Rising demand for rapid and precise diagnostics is also expected to spur the market growth.
  
•   Technological advancements in capsule endoscopy is also expected to fuel the market growth.
  

Restraints:

•   However, availability of other options, lack of awareness about electronic pills are expected to hamper market growth during the forecast period.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The electronic pill market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the electronic pill market in these regions.

IMPACT OF COVID-19 ON ELECTRONIC PILL MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the electronic pill market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from electronic pill market are anticipated to lucrative growth opportunities in the future with the rising demand for Electronic pill in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the electronic pill market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   BDD LTD
  
•   CapsoVision, Inc.
  
•   INSHAN Science and Technology
  
•   Medtronic
  
•   IntroMedic
  
•   Karl Storz Gmbh and Co. KG
  
•   Medisafe
  
•   Proteus Digital Health
  
•   Olympus Corporation
  
•   Medimetrics
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Electronic Pill Report Scope