Digital Pills Market Overview
Digital pills are capsules containing sensors which provides which send wireless messages to various devices such as smartphones, tablets and other, outside the patient’s body to track dosage intake. According to the new report published by Straits Research, titled “”Digital Pills Market Research Report: Global Opportunity Analysis and Industry Forecast, 2019 – 2026.”” The aim of the report is to estimate the size of the Global Digital Pills Market and the growth potential across different segments and sub-segments. The report provides a detailed analysis of the major factors influencing the market growth, including the drivers, restraints, lucrative opportunities, industry-specific challenges, and recent developments.
This type of technology will help patients and doctors track drug regimen compliance and increase patient adherence. Major players are focusing on the developed region due to its purchasing power.
Global digital pills market accounted for over USD 264.5 million in 2017 and is expected to grow at a CAGR of 7.8 % during the forecast period 2019–2026.
Competitive Analysis
- Proteus Digital Health, Inc
- Intellicap
- Microchips Biotech, Inc
- Metronic
- CapsoVision
- Livongo Health,
- AliveCor Inc
- WellDoc Inc
- Omada Health Inc,
- Novartis AG
- Abbott
- Mocacare, Gentag Inc
- iRhythm Technologies Inc
- Leaf Healthcare Inc, and Perficient Inc.
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Research Methodology:
The research methodology used to estimate and forecast the size of the Global Digital Pills Market Analysis began with collecting the data on the revenues of key vendors through secondary sources like company websites, annual reports, press releases, financial data, investor presentations of companies, articles, news, white papers, certified publications, and government publishing sources. Furthermore, the report considers the vendor offerings to determine the market segmentation.
Market Segmentation:
By Indicated Disorders
- Tracking Ingestion in Schizophrenia Patients
- Tracking Ingestion in Bipolar Patients
- Adjunctive treatment of MDD (major depressive disorder) in adults
By End-Users
- Hospitals
- Clinic
- Home Care Settings
The report forecasts revenue growth at all the geographic levels and provides an in-depth analysis of the latest industry trends and development patterns from 2019 to 2026 in each of the segments and sub-segments. Some of the major geographies included in the market are given below:
- North America (U.S., Canada)
- Europe (U.K., Germany, France, Italy)
- Asia Pacific (China, India, Japan, Singapore, Malaysia)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key Findings of the Report:
- The global Digital Pills market forecast is studied from 2019 to 2026.
- The research study includes a thorough analysis of the current research and developments in the market globally.
- The report presents a market definition along with the list of leading players and analyses their strategies to determine the market’s competitive outlook.
- The report also studies the drivers, restraints, opportunities, and challenges of the global Digital Pills market.
- The study provides the historical data and forecasts revenue of the market segments and sub-segments with respect to five main geographies and their countries- North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
- The market for Digital Pills is partially consolidated and competitive in nature, with the presence of leading players.
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Other features of the report:
- Gives a thorough analysis of the key strategies with a focus on the corporate structure, R&D methods, localization strategies, production capabilities, sales, and performance in various companies.
- Provides valuable insights on the product portfolio, including product planning, development, and positioning.
- Analyses the role of key Digital Pills market players and their partnerships, mergers, and acquisitions.
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