Global Ingestible Smart Pills Market Forecast From 2022Posted by sandeep gade on December 23rd, 2022 Advancements in the field of medical technology will continue to be directed towards processes that help manufacturers miniaturize their healthcare products, but without impacting their effectiveness. Persistence Market Research recently published its report on the global market for ingestible smart pills which projects that high demand for miniaturization of diagnostic disorders is driving the demand for ingestible smart pills. By the end of 2024, the global ingestible smart pills market is projected to grow at 7.7% CAGR and reach US$ 1,475.2 Mn in value. In the report, titled “Ingestible Smart Pills Market: Global Industry Analysis and Forecast, 2016-2024,” the global demand for ingestible smart pills is predicted to surge on the account of following factors:
According to the report, more than 80% of global ingestible smart pill revenues will be emanating from sales of smart pills, as opposed to workstations. Demand for workstations is expected to witness downtrend towards the latter half of the forecast period. The report reveals that eight out of ten ingestible smart pills produced in the world will be used for medical imaging applications. In 2016, more than US$ 800 Mn worth of ingestible smart pills were accounted by medical imaging applications. The present value of global ingestible smart pills market is estimated to be US$ 958.2 Mn. By 2024-end, around 17% of this value will be attributed by revenues arising from sales of ingestible smart pills in health monitoring applications. Buy Full Report Now and Get Up to 20% Discount: https://www.persistencemarketresearch.com/checkout/14371 Like it? Share it!More by this author |