Global smart pills market projected to grow to $1.5 billion by 2033, with key developments.

From GlobeNewswire: 2024-06-21 07:00:00

The Global Smart Pills Market is projected to grow from $0.5 billion in 2023 to $1.5 billion by 2033, with an 11.61% CAGR. Smart pills, also known as digital pills, use automated components to send wireless signals for medical purposes. The small intestine segment is expected to dominate the market due to the rise in intestinal disorders. Capsule endoscopy is set to grow rapidly, particularly for colon cancer detection. Hospitals are adopting smart pills for non-invasive diagnostics to enhance patient care. North America leads the market, driven by the prevalence of inflammatory bowel diseases. Asia Pacific is expected to grow significantly, especially in countries like China and Japan. Major vendors in the market include companies like Medtronic and Olympus. Analysis includes a forecast of market revenue at global, regional, and country levels from 2020 to 2033, segmented by target area, application, end user, and region. Key developments in the market include Apollo’s introduction of the Da Vinci Xi Robotic Surgical System for minimally invasive surgeries. For more insights and analysis, visit Spherical Insights & Consulting.



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