TechNavio recognizes the following companies as the key players in the Smart Pill Technology Market: Novartis, Olympus Medical Systems Corp., and Given Imaging Ltd.
Commenting on the report, an analyst from TechNavio’s Healthcare team said:”The prevalence of GI diseases such as colorectal cancer and esophagitis has increased over time, leading to the need for screening procedures as many such diseases can be cured when detected early. It is estimated that colorectal cancer accounts for more than 10 percent of the total number of cancer cases worldwide. The increased need for screening for various GI diseases increases the scope for the usage of endoscopy devices. Moreover, since many healthcare institutions prefer endoscopes and smart pills for screening procedures for GI disorders, the growth of the market is expected to increase during the forecast period.”
According to the report, one of the key drivers in this market is the significant rise in the number of people suffering from GI disorders, which is mainly a result of changing lifestyles and food habits. Consequently, there has been an increase in the diagnosis and treatment of GI disorders.
Further, the report states that the lack of awareness about smart pill technology and its benefits is another key challenge faced by the vendors in this market.
The report also includes a discussion on the other prominent vendors in this market,such as Philips Healthcare, Medtronic Inc., and Medimetrics.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-smart-pill-technology-market-201…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Healthcare market research, please visit https://www.technavio.com/healthcare
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TechNavio Announces the Publication of its Research Report – Global Smart Pill Technology Market 2012-2016
