Global Digital Pills Market – Industry Trends and Forecast to 2024
The Global Digital Pills Market is expected to grow significantly during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Digital Pills Market
Digital pills is an ingestible sensors, micro sized, connected to small wearable skin sensor patch, which transmits the composed data to the connected digital device such as smartphones. The data collected from digital pills are stored and then patients are enables to share the data with their physicians and caretaker.
Major market drivers and restraints: Global Digital Pills Market
- Prevalence in chronic diseases
- Decreased expenses from wasted medications
- Faster recovery times from greater adherence to treatment regimens
- Technological advancements in tracking tools
- Intended for use in susceptible patient groups
Market Segmentation: Global Digital Pills Market
The digital pills market is segmented by diseases into cardiovascular diseases, infectious diseases and diabetes.
By end user the market is segmented into hospitals, clinic and home care settings.
On the basis of geography, digital pills market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Competitive Analysis: Global Digital Pills Market
The digital pills market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of digital pills market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors: Global Digital Pills Market
Some of the major players operating in digital pills market are Proteus Digital Health, Inc., Ostuka Holdings Co., Ltd., 2Morrow Inc., GINGER.IO, PureTech Health, Livongo Health, AliveCor, Inc., WellDoc, Inc., Volutis, Omada Health, Inc., Novartis AG, YUZA, Abbott, MOCACARE, GENTAG, iRhythm Technologies, Leaf Healthcare, Inc., Perficient, Inc. among others.