As per our analysis, the size of the Smart Pill Technologies Market in the Middle East & Africa was worth USD 242 Million in 2022 and is projected to reach USD 541 Million by 2027, growing at a CAGR of 17.38% during the forecast period from 2022 to 2027.
Smart pill technology is a revolutionary technological innovation that has reduced the gap between healthcare and digital technology. This electronic device can be easily swallowed and provides a complete evaluation of the gastrointestinal tract (GIT). Chronic therapy monitoring can help in curtailing health care costs as well.
The market for Smart Pill Technologies is mainly driven due to the rising prevalence of geriatric gastrointestinal diseases, changing lifestyle, favorable reimbursement scenario, patient preference for minimally invasive procedures, and technological advancements in endoscopy procedures. But, the market growth can be hampered due to possible health risks associated with a smart pill inserted into the body, privacy issues, and ethical concerns and unawareness in people regarding this novel technology.
This research report on the Middle East & Africa Smart Pill Technologies Market has been segmented and sub-segmented into the following categories.
By Application:
By Country:
On the Basis of Application, the Capsule endoscopy segment is expected to be one of the largest markets owing to the advantages attached such as disease diagnosis in the small intestine. The drug delivery market is also expected to experience growth due to the benefit of improving medication efficiencies, improving patient compliance & convenience, and fast-paced technology.
On the Basis of Region, The market growth in this region is mainly due to the major market players expanding their business in the untapped areas of this region as they envisage a great potential.
Major Companies dominating the Middle East & Africa Smart Pill Technologies Market Profiled in the Report are 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.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Application
5.1.1 Introduction
5.1.2 Capsule Endoscopy
5.1.2.1 Small Bowel Video Capsule Endoscopy
5.1.2.2 Colon Capsule Endoscopy
5.1.2.3 OMOM Capsule Endoscopy Platform
5.1.2.4 MiroCam
5.1.2.5 Upgraded MiroCam and Advanced Capsule Endoscope
5.1.2.6 The ANKON MCE System
5.1.2.7 CapsoCam
5.1.3 Drug Delivery
5.1.4 Patient monitoring
5.1.5 Y-o-Y Growth Analysis, By Application
5.1.6 Market Attractiveness Analysis, By Application
5.1.7 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Application
6.2 Middle-East
6.3 Africa
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 CapsoVision, Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Given Imaging, Inc.
8.3 Medimetrics S.A. de C.V.
8.4 Olympus Corporation
8.5 Bio-Images Research Limited
8.6 Novartis
8.7 Given Imaging Ltd
8.8 Philips Healthcare
8.9 Smartpill, Inc.
8.10 Medtronic, Inc.
8.11 Pentax Medical Company
8.12 Siemens Healthcare
8.13 Stryker Corporation
8.14 GE Healthcare
8.15 Boston Scientific Corporation
8.16 IntroMedic Inc.
8.17 Chongqing Jinshan Science & Technology Group Co. Ltd.
8.18 Proteus Digital Health Inc.
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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