Smart Pills Market Share, Size, Trends, Industry Analysis Report to 2032

 

Market summery

Market Research Future (MRFR's) study on the global smart pills market share is projected to grow USD 2.01 billion by 2032 at a CAGR of 15.9% over the forecast period of 2023-2032. MRFR further asserts that the smart pills market is touted to reach USD 1,800 Mn by the end of 2032.

Amidst cut-throat competition, reimbursement issues, and expiry of blockbuster patent drugs, there is immense pressure on the healthcare sector to innovate diagnosis solutions. This has provided fuel for the advancement and commercialization of the smart pill technology which has been there for decades.

Smart pills are aligned with smart pills such as greater flexibility, precise delivery, real-time measurements, and monitoring of GI tract, and controlled operation or performance have acted as factors which can be employed to great advantage in drug development. They have several important applications, especially in diagnosis.

With the surge in the occurrence of chronic diseases, especially gastrointestinal diseases, smart pills are increasingly emerging as an effective method of endoscopy. Lifestyle diseases such as gastroesophageal reflux disease (GERD), obesity, and gastric ulcers are on the rise due to rapid lifestyle changes and unhealthy eating habits. This has induced high demand for on-site diagnosis, and, in turn, drive the market for smart pills. Surging prevalence of colon cancer is a key factor which is motivating the growth of the smart pills market.

Smart pills have been a breakthrough in gastrointestinal tract diagnosis and are set to replace conventional methods of diagnosis such as colonoscopy and endoscopy. Capsule endoscopy has cropped up as an effective method to perform endoscopy which is non-invasive and causes very little discomfort. Increasing consumer preference for minimally invasive medical procedures is likely to induce greater demand within the smart pills market.

Application of smart pills in monitoring pH, temperature, pressure, and drug adherence are further expected to catapult the growth of the market. Considerable research in the field of smart pills purveyed by heavy investments is also favoring the growth of the market. Other factors fostering market growth include conducive reimbursement landscape and increasing geriatric population. On the other hand, the market growth is restricted by factors such as regulatory restrictions and high costs of smart pills.

Competitive Landscape

Global smart pills market players are CapsoVision, Inc., Proteus Digital Health, Inc., JINSHAN Science & Technology, MEDTRONIC, Check-Cap, BDD Limited, Olympus Corporation, PENTAX Medical, FUJIFILM Holdings Corporation, MEDISAFE, INTROMEDIC, and RF Co., Ltd. are the notable players in the global smart pills market.

Segmentation

The global smart pills market has been segmented based on application, target area, disease indication, and end user.

 

By application, the smart pills market has been segmented into capsule endoscopy, drug delivery, patient monitoring, and others. The capsule endoscopy segment has been further segmented into small bowel capsule endoscopy, controllable capsule endoscopy, colon capsule endoscopy, and others. The patient monitoring segment has been further segmented into capsule pH monitoring and others.

By target area, the smart pills market has been segmented into esophagus, small intestine, large intestine, and stomach.

By disease indication, the smart pills market has been segmented into esophageal diseases, small bowel disases, colon diseases, and others.

By end user, the smart pills market has been segmented into hospitals, diagnostic center, and research institute.

Regional Analysis

By region, the smart pills market outlook has been segmented into the Americas, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA).

Conducive reimbursement scenario, the surging prevalence of chronic diseases, a nd fast uptake of advanced technology are the factors supporting the growth of the market in the region. The Americas account for the foremost share of the smart pills market.

Europe follows the Americas closely and accounts for the second most significant share of the smart pills market. Robust healthcare infrastructure, the high incidence rate of lifestyle-related diseases such as obesity, gastroesophageal reflux disease (GERD), and gastric ulcers have generated high demand for smart pills in the region. Moreover, European countries invest heavily in healthcare which acts as a plus for the growth of the market.

The APAC market is poised to perform relatively well and emerge as the fastest-growing market for smart pills. Percolation of advanced healthcare technologies in the region coupled with high healthcare expenditure in the developing countries of the region favors the growth of the market. Besides, increase in geriatric population and prevalence of various chronic diseases contribute to the growth of the market.

The minimum share of the smart pills market is held by MEA. Lack of knowledge, low healthcare penetration, and poor economic conditions, especially in the African region is hindering the growth of the market.

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Healthcare Information Systems Market Share accelerating a CAGR during the forecast period

 

Market Synopsis:

The healthcare information systems market share increase in adoption of the latest technologies in the healthcare sector is supposed to drive the growth of the healthcare information systems market in the foreseeable future. A report offered by Market Research Future (MRFR) indicates that the market is prognosticated to mark 12.90% CAGR over the forecast period 2023 to 2032. The developments in the healthcare IT industry is projected to drive the expansion of the healthcare information systems market in the upcoming years.

The healthcare system is growing at a rapid pace which has led to the generation of vast amount of data everyday. The efficient management of these data is one of the top-most priorities of healthcare organizations. Thus, the healthcare information software market is presumed to gain traction in the nearby future. In addition, rising number of patients on the global front, coupled with expansion of healthcare service providers, is expected to drive the augmentation of the healthcare information system market in the upcoming years.

The healthcare industry is expanding, which is supposed to motivate adoption of advanced technologies in the industry. This ongoing trend of technological development is supposed to drive the growth of the healthcare information systems market in the years to come. In addition, the introduction of the blockchain technology is set to revolutionize the healthcare information systems market in the coming years.

Competitive Dashboard:

The healthcare systems market players of the assessed in the report are Agfa-Gevaert N.V., Allscripts Healthcare Solutions Inc., Athenahealth Inc., Carestream Health, GE Healthcare, Cerner Corporation, Philips Healthcare, McKesson Corporation, NextGen Healthcare, Medidata Solutions Inc., and Siemens Healthineers.

Market Segmentation:

The type-based segments of the healthcare information systems market outlook are hospital information systems, laboratory information systems, pharmacy information systems, medical imaging information system, and revenue cycle management. The sub-segments of the hospital information systems segment are population health management, electronic health record, real-time healthcare, electronic medical record, patient engagement solutions, and others. The sub-segments of the pharmacy information systems segment are prescription management, inventory management, automated dispensing systems, and others. The sub-segmentation of the medical imaging information system covers monitoring analysis software, picture archiving & communication systems, radiology information systems, and others.

On the basis of component, the segments of the healthcare information systems market are software and hardware.

The deployment-based segments of the healthcare information systems market are on premise, web-based, and cloud-based.

The end-user segments of the healthcare information systems market identified are academic and research institution, hospitals, diagnostics center, and others.

Regional Analysis:

This report presents a detailed geographical analysis of the healthcare information systems market based on regions and further segmented into countries. The regional segments profiled for the study are – Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). Americas held the forefront position and is supposed to retain it. Increasing demand for quality diagnostics is one of the primary drivers of the healthcare information systems market in the region. In addition, the support extended by the governments is also supposed to drive market growth.

Asia Pacific is expected to observe a high rate of growth. It is due to the developments in the healthcare IT industry. Also, the rising demand for technological innovations in the industry is prognosticated to drive the growth of the healthcare information systems market in APAC. The MEA is supposed to hold the least share. However, the region resonates strong growth potential.

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Wearable Injectors Market Share : A Technology Analysis of the Key Products & Applications

 

Market Overview

Acknowledging the outstanding growth, the market perceives currently, Market Research Future (MRFR) in its recently published study report asserts that the global wearable injectors market share is expected to reach USD 21.98 billion by 2030 at a CAGR 15.2% throughout the forecast period 2022-2030.

The thriving wearable injectors market is expected to register significant accruals throughout the forecast period. Factors predominantly supporting the growth of the market include the growing demand for convenient methods of drug administration and technological advancements & design development in wearable injectors.

Moreover, factors such as the favorable healthcare investments by government and the rising demand for minimally invasive devices escalates the market on the global platform.

Additional factors positively impacting the market growth include increasing cancer cases, the rising prevalence of chronic diseases, and growing uses of biologics. Also, technological advancements, improving outcomes and patients’ experience, beneficial reimbursement policies, and increasing awareness towards healthcare are some of the major driving forces pushing up the market growth.

On the other hand, factors such as the stringent government regulation and the time consuming, lengthy process for product approvals alongside the preference for traditional methods of drug delivery are negatively impacting the market growth. Nevertheless, factors such as the significant growth in the home healthcare are expected to support the market growth throughout the forecast period, pushing push up the demand for wearable injectors.

Global Wearable Medical Injectors Market – Competitive Analysis

Highly competitive, the wearable injectors market appears to be fragmented owing to the presence of several large and small-scale players. These players invest substantially in R&D to develop advanced injectable devices. High potential growth opportunities that the market demonstrates are in turn, attracting several new entrants to the market, further intensifying the competition in the already fiercely competitive market.

Well-established players incorporate strategic initiatives such as acquisition, collaboration, expansion, partnership, and product & technology launch in order to gain a competitive advantage in this market and to maintain their market positions.

Major Players

global wearable injectors market players include Valeritas, Inc., West Pharmaceutical Services, Inc., Eli Lilly and Company, Becton, Dickinson and Company (BD), YPSOMED, Amgen Inc., CeQur SA, BioSpace, Enable Injections, SteadyMed Therapeutics, Inc., and Sensile Medical AG among others.

Global Wearable Injectors Device Market – Segments

For enhanced understanding, the report has been segmented into six key dynamics.

By Type                                               : On-body, Off-body, and Hand-held Wearable Injectors.

By Usage                                             : Disposable and Semi-reusable.

By Mechanism of Injection    : Spring-based, Motor Driven, Rotary Pump, Expanding Battery, Pressurized Gas, and Collapsible Reservoir among others.

By Therapeutic Area                       :  Oncology, Infectious Diseases, Cardiovascular Diseases, Autoimmune Diseases, and Diabetes among others.

By End-user                                   : Hospitals, Clinics, Homecare, and Ambulatory Surgery Centers among others.

By Regions                                     : Asia Pacific, North America, Europe, and the Rest-of-the-World.

Global Wearable Medical Injectors Market – Regional Analysis

The North American region, heading with the presence of several notable players is expected to retain its dominance over the global wearable injectors market outlook. Moreover, factors such as the enhanced access to technology, increasing governmental support for the research and development, and high per capita healthcare expenditures are fostering the growth of the regional market.

Besides, the availability of well-developed technologies alongside the presence of well-established infrastructure that allows implementation of advanced technology positively impacts the market growth.

The wearable injectors market in the European region holds the second position in the global market, emerging as a lucrative market. The market in the region is expanding due to the increased funding and the support provided by the government and private entities for R&D that are bringing advancements in the wearable technology. Moreover, the resurging economy in Europe is playing a vital role in the growth of the market allowing it to register a phenomenal CAGR throughout the forecast period, increasing consumers purchasing power.

The Asia Pacific region, heading with the high uptake of technology, is rapidly emerging as a profitable market for wearable injectors. Advancements in wearable technology and medical devices are one of the key driving forces behind the growth of the market in this region. The market in India, China, and Japan heading with the large technological advancements and the increasing number of healthcare solution providers predominantly contributes to the growth of the regional market. 

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Medical Bionic Implant/Artificial Organs Market Share, Size, Trends, Industry Analysis Report to 2030

 

Market Overview

Bionic implants are known as artificially engineered devices. These devices are implanted into a human in order to replace a natural organ and to act as a substitute of the same. The global medical bionic implant/artificial organs market share is projected to reach USD 22.17 billion by 2030 at a CAGR of 7.90% over the assessment period between 2022 and 2030.

It is reported that the growing incidences of organ failure to have a positive effect on increasing the demand for replaceable or implantable organs. This is thereby pushing the growth of the overall bionic implant/artificial organs market. The growing aging population is another key factor driving the market demand for these implantable/artificial organs as organ failure is found to be more common in the older age bracket.

A vast number of factors are identified as the potential drivers of the market, such as technological advancements, rising incidences of accidents and injuries, improving regulatory framework, prevalence of organ failure, increasing government support in terms of initiatives and R&D expenditures, and growing prevalence of eye diseases.

However, the high cost associated with the devices, poor healthcare facilities in low and mid-level income nations, and lack of any skilled or proficient professionals can hamper the growth of the market during the forecast period.

Competitive Landscape

The global medical bionic implant artificial organs market players includes the following key players

         ·         Biomet, Inc. (U.S.),

         ·         NeuroPace, Inc. (U.S.),

         ·         Medtronic, Inc. (U.S.),

         ·         Aleva Neurotherapeutics SA (Switzerland),

         ·         Boston Scientific Corporation (U.S.),

         ·         Ekso Bionics (U.S.),

         ·         Cochlear Ltd. (Australia),

         ·         LivaNova PLC (U.K),

         ·         Orthofix International N.V. (The Netherlands),

         ·         Ossur (Iceland),

         ·         Cyberonics, Inc. (U.S.),

         ·         Biocontrol Medical (Israel),

         ·         St. Jude Medical, Inc. (U.S.),

         ·         Second Sight Medical Products, Inc. (U.S.), and others

Market Segmentation

The global medical bionic implant/artificial organs market outlook segmentation is done on the basis of product, technology, fixation, and end-user.

By technology, the market divides into electronic bionics and mechanic bionics.

By fixation, the market is classified into externally worn and implantable.

By end-users, the market includes research and academic institutes, hospitals and clinics, and others.

By product, the market comprises orthopedic bionics, ear bionics, vision bionics, neural/brain bionics, heart bionics, and others.

Here, vision bionics is narrowed down into bionic and others.

Ear bionics is segmented into Bone Anchored Hearing Aid (BAHA) and cochlear implant.

Orthopedic bionics sub-segmented into bionic finger, bionic leg, bionic hand, electrical bone growth stimulators, and exoskeleton. Bionic leg breaks down into bionic feet and bionic knee. Electrical bone growth stimulator segment comprises non-invasive bone growth stimulators and invasive bone growth stimulators.

Heart Bionics segment is divided into total artificial heart, artificial heart valve, pacemaker, and ventricular assist device. The pacemaker segment includes external pacemaker and implantable cardiac pacemaker. Artificial heart valve narrows down into tissue heart valve and mechanical heart valve.

Neural/brain bionics is broken down into vagus nerve stimulators, spinal cord stimulators, and deep brain stimulators.

Regional Analysis

The global medical bionic implant/artificial organs market insights is regionally segmented into North America, Europe, Asia Pacific, and the Middle East & Africa region.

The Americas hold the dominant portion of the market due to the emergence of advanced medical bionic implants by various key players.

Europe stands tall as the second largest market in medical bionic implant artificial organs. Herein, favorable government support towards research and development activities and prevalence of organ failure and other relevant complications are expected to be the major drivers of the market.

Asia Pacific is believed to be the fastest growing regional market due to the huge pool of patient population, increasing development in the healthcare technology, and growing demand for advanced form of treatments.

Finally, the Middle East and Africa market holds the lowest share in the global standings due to lack of technical expertise or knowledge, low level of development, and poor medical facilities. The region is expected to grow at a paltry rate.

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Orthopedic Devices Market Share accelerating a CAGR during the forecast period

Market Overview

The global orthopedic devices market share is expected to reach a strong 6.5% CAGR over the forecast period from 2023 to 2032, according to the latest research report from Market Research Future (MRFR).

The global orthopedic devices market is mainly driven by the rising demand for technological upgradation in orthopedic devices, the rising prevalence of conditions requiring the use of orthopedic devices, such as osteoporosis, and the increasing growth prospects for the market in developing countries. Approximately 10 million U.S. citizens have osteoporosis, according to the National Osteoporosis Foundation, along with 44 million more with low bone density, which leaves them at a greater risk of osteoporosis and other bone disorders. Rising awareness about the disease and the effectiveness of orthopedic devices in correcting the problems caused by the disease is likely to be a major driver for the global orthopedic devices market over the forecast period.

Competitive Analysis:

Global Orthopedic Devices Market players include

         ·         DePuy Synthes Companies,

         ·         Medtronic,

         ·         Smith & Nephew plc,

         ·         Zimmer Inc.,

         ·         Stryker Corporation,

         ·         NuVasive Inc., and

         ·         Globus Medical Inc.

Industry Updates and Opportunities:

Strong technological advancement is also likely to further the cause of the global orthopedic devices market over the forecast period. Technological advancement in the global orthopedic devices market mainly focuses on making the devices lighter and more easily wearable, apart from bringing about innovations that help manufacture the devices at a cheaper price. 3D printing is likely to become more popular in the global orthopedic devices market over the forecast period, as it allows for precise manufacturing at relatively cheap costs.

Segmentation:

The global orthopedic devices market outlook is segmented on the basis of type, application, end use, and region.

By type, the global orthopedic devices market insights is segmented into spinal devices, bone repair, joint replacement, trauma fixation, consumables and disposables, and others.

By application, the global orthopedic devices market is segmented into spine, knee, foot and ankle, hip, trauma and extremities, and others.

By end use, the global orthopedic devices market is segmented into hospitals, ambulatory surgery centers, and medical research centers. Hospitals are likely to remain the leading revenue generator in the global orthopedic devices market over the forecast period.

Regional Analysis:

North America holds the largest market share in the global orthopedic device market, accounting for 39.6% of the market in 2016. The growing prevalence of osteoporosis and other bone conditions in North America has been a major driver for the orthopedic devices market in the region. The strong presence of the technological framework required to adopt 3D printing on a large scale is also likely to be a major driver for the orthopedic devices market in North America over the forecast period. 3D printing has been pioneered in North America and many major 3D printing manufacturers are located in the region. This is likely to further the cause of the orthopedic devices market in North America over the forecast period.

Europe is also a major regional market for orthopedic devices and is expected to experience strong growth over the forecast period due to the growing number of osteoporosis cases in the region. The Europe market for orthopedic devices is expected to reach a valuation of USD 19,467.6 million by 2023.

Asia Pacific is expected to exhibit the fastest growth over the forecast period due to the rising demand for advanced orthopedic devices to correct spinal and other bone-related conditions. The Asia Pacific market for orthopedic devices is expected to exhibit a strong 6.2% CAGR over the forecast period.

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Animal Genetics Market Overview & Outlook Analysis by 2032

 

Overview:

The Global Animal Genetics Market Share is projected to reach at a CAGR of 6.9% during the forecast period 2023-2032. The market is known for its intense coverage of the study of genetic variation and inheritance. This includes primarily for domestic and wild animals. Animal genetics includes several sides like genetic disease testing, DNA typing, and genetic trait testing that can benefit diverse industries. This method mostly tries to determine the state of diseases in various animals owing to which the consumption of animal products may get affected. 

Major influencer impacting the intake of animal genetics is the rising consumption of animal-derived protein, which gets bolstered by booming population and rapid urbanization. The need for the superior breed is also emerging as a decisive factor for the animal genetics market research. This can also boost the toxicology market. But the high cost of these testing can impact the global market growth. The stringent regulatory framework can also play a crucial role in holding back the normal growth rate.  Lack of skilled professionals can also deter the market from having its normal growth structure.

Segmentation:
The Global Animal Genetics Market Overview, as per the report, has been segmented with a strong foundation in services, animal genetic products, and end-user. This segmentation is targeting specific details with the potential of triggering the growth rate in the coming years.

By animal genetic products, the market report considers the animal genetics market upon segmenting it into genetic materials and live animals. The live animals segment includes bovine, porcine, canine, poultry, and others. The genetic materials have been further segmented into semen and embryo.

By services, the animal genetics market report covers gene trait tests, DNA typing, genetic disease tests, and others. These segments are finding it easier to percolate the research industry as they offer a better grip on the data.

By the end-user, the market for animal genetics market trends has been segmented into research centers & institutes, diagnostic centers, veterinary hospitals & clinics, and others. The research centers & institutes can inspire growth.

Competitive Landscape:

Global Animal Genetics Market Report Players making influential contributions to the market are URUS (US), Neogen Corporation (US), Genus (UK), Groupe Grimaud (France), EW Group (Germany), Topigs Norsvin (Netherlands), CRV Holding B.V. (The Netherland), vetGen (US), Hendrix Genetics BV (The Netherland), Zoetis (US), Envigo (US), Alta Genetics (US), Animal Genetics (US), and others. These players are known for their extensive contributions to developing the market dynamics that can impact the global market scenario. MRFR’s profiling is expected to bring out insights regarding how the market may shape up.

Regional Market

The Americas have the chance to lead the market as the region is witnessing a strong surge in its investment sector. The regional market is known for its high intake of animal protein through various types of animal products owing to which companies are investing much in developing strategies for the research and development sector. It is getting further traction from the hike in the speed of urbanization, which is transforming lives and creating more opportunities for the market to permeate. Increasing artificial insemination in animals like pigs, sheep, cattle, and goats can fuel growth. In Europe, the regional market can exploit the favorable market dynamics and ensure strong growth for itself. The rise in genetic diseases can make sure the research sector spends more money to score well in the coming years.

The Asia Pacific market has placed itself as a country that can grow with the fastest CAGR during the forecast period. This can benefit from the growing population of livestock and the inclusion of advanced DNA typing and genetic testing tools that inspires better testing facilities.

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Intrauterine Contraceptive Devices Market Overview Analysis Drivers, Trends and Forecast to 2032

 

Market Highlights

The increasing awareness about contraceptive methods, increasing number of unintended pregnancies, and government support and initiatives for the prevention of unwanted abortions & pregnancies are set to drive the demand for Intrauterine Contraceptive Devices Market Report during the forecast period.

Intrauterine Contraceptive Devices Market is expected to cross USD 5.62 Billion by 2032 at a CAGR of 10.9% during the forecasted period 2023-2032.

Contraceptive devices are used to prevent unwanted pregnancy by restricting the natural ovulation cycle or making changes in the egg fertilization process. Intrauterine contraceptive devices are placed inside the uterus to avoid unintended pregnancy. These devices contain a string which guarantees the precise placement of the device inside the uterus and provide aid in removal. lifespan of these devices varies as per the brands, and it can last up to 3,5 and 10 years. Plastic and metal are used in manufacturing of intrauterine contraceptive devices (IUCDs). It is available in several shapes, such as coil, loop, triangle, and T-shaped.

Key Players

Some of the key Intrauterine Contraceptive Devices Market Players are

         ·         Bayer AG,

         ·         The Cooper Companies, Inc.,

         ·         Pfizer Inc.,

         ·         HLL Lifecare Limited,

         ·         OCON Healthcare,

         ·         SMB Corporation,

         ·         Egemen International,

         ·         EUROGINE,

         ·         S.L.,

         ·         Meril Life Sciences Pvt. Ltd.,

         ·         Mona Lisa N.V.,

         ·         Prosan International B.V.,

         ·         Pregna International Limited

Regional Analysis

The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.

The Asia-Pacific is anticipated to hold the largest market share. The intrauterine contraceptive devices (IUCDs) market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to the presence of a large patient pool, developing the healthcare sector, and raising awareness about intrauterine contraceptive devices the region.

The Americas is anticipated to be the fastest-growing market owing to the rising number of unintended pregnancies, well-established healthcare sector, and increasing healthcare expenditure. The intrauterine contraceptive devices (IUCDs) market in the Americas has further been branched into North America and Latin America, with the North American market being divided into the US and Canada.

The European intrauterine contraceptive devices (IUCDs) market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The intrauterine contraceptive devices (IUCDs) market in the Middle East & Africa has been divided into the Middle East and Africa.

Segmentation

The global intrauterine contraceptive devices (IUCDs) market overview has been segmented based on type and end user.

·        The market, based on type, has been divided into a hormonal intrauterine device and copper intrauterine device. Copper intrauterine devices are likely to hold the maximum market share in the global intrauterine contraceptive devices (IUCDs) market.

·        The end user segment of the market consists of hospitals, gynecology clinics, community health care centers, and others. The hospitals segment is expected to hold the largest share of the market as these centers are the primary locations for patients receiving treatment and undergoing medical procedures.

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