Increasing Preference for Non-Invasive Treatments to Drive Smart Pills Market

Smart Pills

Smart pills have arisen as a groundbreaking technological invention, straddling the line between digital technology and healthcare. With the introduction of these healthcare-cum-technological solutions, it is now possible to meet the increasing demand for improved monitoring and diagnostics. Smart pills have now become a typical non-invasive approach for diagnosing motility issues. Doctors prefer smart pills since they allow real-time patient monitoring via remote control options.

Smart pills are ingestible medicinal devices that include sensors, patches, cameras, and trackers to capture a variety of physiological measurements. They aid in more accurate therapy, improved diagnostics, and monitoring while reducing the requirement for invasive procedures. Numerous manufacturers are currently releasing novel variations with upgraded batteries and onboard memory. They aid in remote patient monitoring and telemedicine by delivering real-time wireless transfer of information and monitoring the effects of medication.

The global smart pills market is anticipated to grow at a breakneck pace from 2018 to 2026 (forecast period).

The global smart pills market is expected to benefit from an increasing preference for non-invasive techniques. Non-invasive treatments are therapeutic and diagnostic methods that do not involve body incisions or tissue removal for diagnosis or treatment. A smart pill is an ingestible, wireless capsule that can be readily ingested and has numerous uses such as medicine delivery, capsule endoscopy, and patient monitoring. Smart pills have important applications in imaging techniques, including capsule endoscopy. Capsule endoscopy is a diagnostic process in which a smart pill is ingested, and images of the stomach, esophagus, and small intestine are captured while the device passes through the gastrointestinal (GI) tract. As a result, the increasing use of smart pills is projected to boost the smart pills market growth during the forecast period.

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Advent of Technologically Advanced Products to Support Smart Pills Market Growth

The need for drug delivery systems with intrinsic benefits such as minimal side effects, tailored drug delivery, optimized API utilization, and reduced dosage frequency has increased. This has led to the incorporation of novel pharmaceuticals, cutting-edge technologies, and medical devices into drug delivery systems, leading to the development of smart pills.

Several smart pills are now being researched for possible therapeutic and diagnostic applications in a variety of acute and chronic disorders, which is anticipated to promote the smart pills market growth. Moreover, extensive R&D is being conducted on the usage of small chips like Addressable Transmitters Operated as Magnetic Spins (ATOMS) that can be utilized as smart pills. ATOMS are silicon chip devices that employ magnetic fields to locate the placement of atoms in the body of the patient. ATOMS can be employed in swallowable smart pills to detect and treat diseases from within the body accurately. The devices can be utilized to examine a patient’s brain, gastrointestinal tract, or blood. They can also monitor parameters that indicate a patient’s health, such as pH, pressure, temperature, and sugar concentrations, and communicate that information to clinicians. The devices can potentially be programmed to release medications. For example, researchers at the California Institute of Technology (Caltech) have created a small medical chip that can be utilized as a smart pill. Such advancements are expected to propel the smart pills market during the forecast period.

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Growing Geriatric Population to Boost Smart Pills Market

Patients with paralysis, bedridden patients, and the senior population are potential customers for smart pills. Growth in the senior population is likely to boost demand for innovative medical devices meant to improve patient convenience. As per the United States Census Bureau, there will be an upsurge of almost 236 million people over 65 in the world over the next ten years. This shows that the global smart pills market has a massive growth opportunity throughout the projection period.

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