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DIGITAL PILLS MARKET IS LIKELY TO EXPERIENCE A TREMENDOUS GROWTH IN NEAR FUTURE || PROTEUS DIGITAL HEALTH., OSTUKA HOLDINGS CO., LTD., 2MORROW INC., GINGER, PURETECH HEALTH

All the studies carried out in this Digital Pills report are based on large group sizes at global level. The report also gives out an idea about the complete background analysis of the industry which comprises of an assessment of the parental market. As this market research report is formulated by taking into account and thoroughly understanding specific requirements of the business, it results into an excellent outcome. This market report describes CAGR value fluctuations during the forecast period of 2019-2026 for the market. Digital Pills market report showcases all-embracing study about production capacity, consumption, import and export for all the key regions across the world.

The report considers public demands, competencies and the constant growth of the working industry, vibrant reporting, and the high data protection services. To generate this most excellent Digital Pills market research report, an expert team follows several steps of collecting and analysing market data of the Healthcare IT industry. This report comprises of a market data that provides a detailed analysis of the industry and its impact based on applications and on different geographical regions, and systemic analysis of growth trends and future prospects. This market report suggests that global market is supposed to witness a moderately higher growth rate during the forecast period.

 Global digital pills market is estimated to reach USD 0 302.70 million by 2026 registering a substantial CAGR of 7.90% in the forecast period of 2019-2026. This rise in the market can be attributed to the rising prevalence of chronic diseases and the advancements in tracking tools.

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Global Digital Pills Market By Diseases (Cardiovascular Diseases, Infectious Diseases, Diabetes, Cancer, Others), End User (Hospitals, Clinics, Home Care Settings, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026

Key Developments in the Market:

  • In September 2018, Otsuka and Magellan Health together have launched their first digital pill AbilfyMyCite, to treat mental health disorders. It has a Proteus Digital Health sensor embedded in the tablet, wherein all the information is linked and downloaded on a Bluetooth enabled device
  • In December 2018, ResMed, a world leading health company in cloud-connected medical devices acquired Propeller Health, a digital therapeutics company that deals the medication problems of people suffering with COPD and asthma. Propellers digital medicines consists of small sensors which are attached to the inhaler pumps of consumers and linked with a mobile app to automatically track medication use and provide immediate response and generate feedback
  • In March 2018, -PEAR Therapeutics, the pioneering leader in FDA-cleared prescription digital therapeutic entered into an affirmative agreement with Novartis, a pharma company to develop digital therapeutics for schizophrenia and multiple sclerosis (MS). These digital pills are software applications developed to strategically improve clinical results for patients. This would merge Novartis’ expertise in neurological disorders, clinical development, and commercialization with PEAR’s expertise in prescription digital therapeutic design and implementation

Competitive Analysis: Global Digital Pills Market

Global digital pills market is highly fragmented and the major players have used various strategies such as new product launches, expansions, 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, South America and Middle East & Africa.

Key Market Competitors: Global Digital Pills Market

Few of the major market competitors currently working in the digital pills market are Proteus Digital Health., Ostuka Holdings Co., Ltd., 2morrow Inc., Ginger, Puretech Health, Livongo Health, Alivecor, Inc., Welldoc, Inc., Omada Health, Inc., Novartis Ag, Yuza., Abbott, Mocacare, Gentag, Inc., Irhythm Technologies, Inc., Leaf Healthcare, Inc., Perficient, Inc., Olympus Corporation, Bdd Limited, Capsocam Plus, Medtronic, among others.

Market Drivers

Rising Prevalence in chronic diseases stimulates the demand for digital pills, as they are used for the treatment of such diseases

Decreased expenses from wasted medications

Faster recovery times from greater adherence to treatment regimens, and quick results boost the growth of this market

Rising R&D investments as well as technological advancement by manufactures in tracking tools have led to transformation in digital pills

Increasing prevalence of disease such as diabetes and other cardiovascular disorders and the need for their treatment via controlled dosage

Smart pills give an exact drug delivery, increased development in endoscopy processes, and monitoring the results of patients irrespective of location are stimulating people people to adopt this technology

Market Restraints

Lack of knowledge pertaining to digital pills hinders the growth during the forthcoming years

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.

Market Drivers

  • Rising Prevalence in chronic diseases stimulates the demand for digital pills, as they are used for the treatment of such diseases
  • Decreased expenses from wasted medications
  • Faster recovery times from greater adherence to treatment regimens, and quick results boost the growth of this market
  • Rising R&D investments as well as technological advancement by manufactures in tracking tools have led to transformation in digital pills
  • Increasing prevalence of disease such as diabetes and other cardiovascular disorders and the need for their treatment via controlled dosage
  • Smart pills give an exact drug delivery, increased development in endoscopy processes, and monitoring the results of patients irrespective of location are stimulating people people to adopt this technology

Market Restraints

  • Lack of knowledge pertaining to digital pills hinders the growth during the forthcoming years

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Segmentation: Global Digital Pills Market

By Diseases

  • Cardiovascular Diseases
  • Infectious Diseases
  • Diabetes
  • Cancer
  • Others

By End User

  • Hospitals
  • Clinics
  • Home Care Settings
  • Others

Reasons to Purchase this Report

  • Current and future of global digital pills market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

  • All segmentation provided above in this report is represented at country level

All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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