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Capsule Endoscopy (Smart/Digital Pills) Market is expected to grow at a CAGR of 17% & to reach $965 Million by 2017 - by MarketsandMarkets
Date:1/27/2013

nd revenues are forecast-ed on the basis of major regions such as North America, Europe, Asia-Pacific and Middle-east and Africa. The key countries are covered and their respective market adoption potentials for smart pills are analyzed. Further, market is segmented and revenues are forecast-ed on the basis of applications. The report also provides effective and elaborative valuation of Smart Pills Technology investors and incubators with profitable investment opportunities. Multicriteria based decision making using Analytical Hierarchy process tool reveals significant impact and technology adoption potential for Smart Pills.

The global Smart Pill Technology Market is expected to grow at a CAGR of 17% reaching $965 Million by the year 2017.The rapid growth of capsule endoscopy technology is attributed due to the rising number of screening treatments for Gastro-Intestinal (GI) disorders and as well as the improved reimbursement coverage across the developing and developed nations. The emerging economics such as Asia-Pacific nations, Middle East countries & Africa are the future driving factors for the Smart Pill Technology market due to their growing GDP, healthcare awareness and rising demand for minimally invasive medical treatments.

Smart Pills Technology has enormous potential advantages. Early detection of cancer and unknown Gastrointestinal (GI) disorders using non-invasive smart medical pills would be life saving for patients. Smart pills, enabled by Biological Micro electromechanical Systems), facilitates in effective imaging, patient monitoring and drug delivery, thenceforth opening opportunity doors for novel therapeutic and diagnostic treatments for life threatening diseases. With the growing R&D efforts, novel product innovations, regulatory approvals and competitive landscape, the Smart Pills market
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