Market Overview:
Smart pills are ingestible medicinal gadgets that record numerous physiological measurements using sensors, cameras, patches, and trackers. They aid in precise therapy, improved diagnostics, and monitoring while removing the need for intrusive procedures. Several manufacturers are currently introducing novel models with enhanced batteries and inbuilt memory. They help with remote patient monitoring and telemedicine by transmitting information wirelessly in real time and measuring the medication's effects.
Smart Pills Market Trends:
One of the key causes driving the demand for smart pills market over traditional diagnostic approaches like endoscopy is an increase in the prevalence of cancer and malignant gastrointestinal (GI) illnesses. For the diagnosis of GI problems, endoscopy equipment are placed into the patient's oesophagus. Endoscopes, on the other hand, carry a substantial risk of infection transfer and esophageal ripping. As a result, smart tablets are commonly used since they provide non-invasive multidimensional images of the interior organs of the body. Furthermore, the expanding paediatric population, which is more prone to specific diseases, as well as the emerging trend of minimally invasive surgeries (MIS), are encouraging the use of smart tablets to diagnose and treat chronic diseases. Apart from that, the outbreak of the coronavirus illness (COVID-19) and the resulting increase in demand for telemedicine technology for remote patient visits are driving market expansion.
They're also used in the defence and related businesses to track soldiers' core body temperatures in real time. Aside from that, market players are funding research and development projects aimed at improving pill localisation, steering, and control. This is expected to broaden the scope of smart pill applications in the future.
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