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(EMAILWIRE.COM, December 21, 2017 ) Smart pill technology is utilized to diagnose gastrointestinal (GI) disorders like constipation and gastroparesis. It functions by enabling the practitioner with information related to several parameters like pH, temperature and pressure of gastrointestinal tract. This technology comprises wireless capsule, a receiver worn (by the patient) and computer software that analyses and sorts the collated information.
Smart pill is a nascent technology that holds immense potential in the field of medical diagnostics. The etiology for few of the gastrointestinal disorders is still unknown to physicians because of the limited diagnostic scope with the existing medical devices. Smart pill technology using the concept of biological microelectromechanical systems enables practitioner’s better flexibility to monitor and diagnose such mysterious diseases.
Europe Smart Pill Technologies Market: Drivers & Restraints
The Europe smart pills technology market is estimated to showcase a robust growth in the forecast period, due to the rising prevalence of gastrointestinal diseases (like motility disorders, obscure gastrointestinal bleeding, colon cancer and Crohns disease), sedentary lifestyle and high patient compliance because of minimally invasive techniques. The introduction of novel technologies like ingestible sensors, catheter-less pH monitoring, and wireless capsule based GI monitoring would result in an accelerated market growth.
Capsule endoscopes provide complete examination of GI tract which consists of a complete view of stomach including oesophagus, small intestine and large intestine. Such pharmaceutical capsules play a vital role in differentiating between the healthy and unhealthy cells like targeted smart drug delivery or a targeted therapy. Collaborations between research institutions and companies, licensing agreements & partnerships amongst companies and augmented R&D investment on smart pills are some of the other factors boosting the market growth. However, factors such as limited technical know-how, high costs, and low patient confidence are inhibiting market growth.
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Europe Smart Pill Technologies Market: Segmentation
By application
• Capsule Endoscopy
o Small Bowel Video Capsule Endoscopy
o Colon Capsule Endoscopy
o OMOM Capsule Endoscopy Platform
Small Bowel Capsule Endoscopy
Controllable Capsule Endoscopy
Storable Capsule Endoscope
Colon Capsule Endoscope
pH Capsule Wireless Monitoring System
Impedance–pH Monitoring System
o MiroCam
o Upgraded MiroCam and Advanced Capsule Endoscope
o The ANKON MCE System
o CapsoCam
• Drug Delivery
• Patient monitoring of cancer
By disease indication
• Occult GI Bleeding
• Crohn’s Disease
• Small Bowel Tumours
• Celiac Disease
• Inherited Polyposis Syndromes
Europe Smart Pill Technologies Market: Overview
The advent of the smart pills technology in the market is recent and it is penetrating the developed as well as developing countries. The rising demand for monitoring and treating diseases through advanced technologies is driving this market. In the past few years the market has witnessed high percentages of adoption towards utilization because of the non-invasiveness, better patient accessibility and thorough monitoring. Capsule endoscopy commanded the highest revenue in 2014. The first capsule endoscope model, which is now considered as a first-line tool for the diagnosis of abnormalities of the small bowel, was the PillCam SB. It got approval in Japan in April 2007. GI monitoring application category is anticipated to register fastest growth in the aforementioned forecast period.
Europe smart pill technologies market will witness considerable developments in innovation of a very wide range of products that require innovative marketing approaches. The smart pill technologies market is presently underpenetrated and in its early stage of development. Though the maximum revenues are generated by the emerging economies, it is also observed that CAGR in the emerging economies are high. It is because of the rising awareness in the latest innovative testing methods and the continuously improving economic conditions.
Europe Smart Pill Technologies Market: Region-wise Outlook
The Europe Smart Pill Technologies market is geographically categorized into Germany, U.K, France, Spain, and Italy. Europe is the second biggest market in terms of market share across the globe. The market in Europe is highly driven due to advanced healthcare infrastructure, increasing awareness about GI diseases among patient and physician, high adoption of technological developments, growing geriatric population which is creating wide range of opportunities for market players.
Key Questions Answered
• What is the current and future Europe Smart Pill Technologies market outlook in Europe? What trends are affecting the European market?
• What is the competitive landscape and market share of major players in the Europe Smart Pill Technologies space in Europe?
• What are the key, high growth markets that Europe Smart Pill Technologies manufacturers should expand into? Which market segments are growing the fastest?
• What are the unmet needs with the Europe Smart Pill Technologies currently on the market? How will emerging technologies fulfil these unmet needs?
• What is physician perception and market outlook of Europe Smart Pill Technologies?
• What are the challenges and barriers that have hindered widespread adoption of Europe Smart Pill Technologies?
Europe Smart Pill Technologies Market: Key Players
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, Stryker Corporation, GE Healthcare, Boston Scientific Corporation, IntroMedic Inc., Chongqing Jinshan Science & Technology Group Co. Ltd., Proteus Digital Health Inc., are the major players of Europe Smart Pill Technologies market.
Market Data Forecast
Abhishek
+1-888- 702-9626
abhishek@marketdataforecast.com
Source: EmailWire.Com
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