Global Digital Pills Market Outlook 2019: Opportunity and Growth Analysis – Dominated By roteus Digital Health., Ostuka Holdings Co., Ltd., 2morrow Inc., Ginger
This Global Digital Pills market research report is a comprehensive synopsis on the study of Healthcare IT industry and its influence on the market environment. In this report, market segmentation study covers research and analysis which is based on numerous market and industry segments such as application, vertical, deployment model, end user, and geography. The key topics that have been explained in this Digital Pills market report include market definition, market segmentation, key developments, competitive analysis and research methodology. This Digital Pills market report is a clear-cut solution which can be adopted by businesses to thrive in this swiftly changing marketplace. 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.
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
Besides, Digital Pills market research report also conducts analysis on consumption of market, key players involved, sales, price, revenue and market share with volume and value for each region. Some of these strategies can be mentioned here as new product launches, expansions, agreements, partnerships, joint ventures, and acquisitions. To accomplish maximum return on investment (ROI), it’s very essential to be acquainted with market parameters such as brand awareness, market landscape, possible future issues, industry trends and customer behaviour where this Digital Pills report comes into play. Not to mention these topics have been watchfully analysed with the best tools and techniques
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
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:
· 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
· Lack of knowledge pertaining to digital pills hinders the growth during the forthcoming years
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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.
- 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
- Lack of knowledge pertaining to digital pills hinders the growth during the forthcoming years
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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