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Smart Pills Technology Market is Projected Surpass USD 3077.22 Million by 2028 by growing at a CAGR of 22% from 2022-2028; Rising Demand for Minimally Invasive Devices for Accurate Therapeutic Treatment Propels Market Growth

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Westford USA, Feb. 10, 2023 (GLOBE NEWSWIRE) — North America is the prominent region in the global smart pills technology market, thanks to favorable reimbursement policies and streamlined regulatory processes for capsule endoscopy. As per SkyQuest’s findings, there is a growing need for smart pills in the region, particularly in the United States, owing to the high incidence of medication errors. Each year, 7,000 and 9,000 people die due to such mistakes, making implementing smart pills a critical necessity. In addition, several factors drive the market’s growth, including an aging population, a rising number of chronic diseases such as cancer and diabetes, and a growing incidence of lifestyle-related disorders such as obesity, stomach ulcers, and GERD.

According to research conducted by SkyQuest, there is a growing need for smart pills due to the increasing number of dementia and Alzheimer’s patients worldwide. In 2021, an estimated 55 million people were living with dementia, with over 58% of those cases occurring in low- and middle-income countries. This number is projected to rise to 74 million by 2028 and an alarming 135 million by 2050.

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  • Pages – 264
  • Tables – 121
  • Figures – 73

Smart pills are a cutting-edge diagnostic tool to investigate functional gastrointestinal disorders such as gastroparesis and constipation. These innovative tools include a wireless capsule, a receiver, and specialized computer software. The use of smart pills for drug delivery and patient monitoring is rapidly becoming a popular technology in the medical field.

Prominent Players in Smart Pills Technology Market

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  • Given Imaging, Inc.
  • Bio-Images Research Limited
  • Medimetrics S.A. de C.V.
  • Chongqing Jinshan Science & Technology Group Co. Ltd.
  • IntroMedic Inc.
  • Novartis AG
  • Proteus Digital Health Inc.
  • Boston Scientific Corporation
  • Philips Healthcare
  • GE Healthcare
  • Pixie Scientific
  • Microchips
  • Proteus Pharmaceuticals
  • Otsuka Pharmaceutical Co. Ltd
  • Vitality
  • HQ Inc.

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https://skyquestt.com/sample-request/smart-pills-technology-market

Capsule Endoscopy Segment to Gain Higher Traction as a Result of High Success Rate of the Procedure

The capsule endoscopy technology segment is expected to see significant growth in the smart pills technology market over the next several years. Increased research activities drive this growth by various organizations, and positive results have been found in patients aged between 50 and 75. The latest research conducted by SkyQuest has revealed that capsule endoscopy provides better diagnostic results than CT colonography, which is expected to drive demand for this technology. The findings of this research are predicted to propel the growth of the capsule endoscopy segment over the forecast period, making it a key area of focus for market players.

The smart pills technology market in North America is poised for strong growth over the forecast period, driven by medical researchers’ advancements in the field of ingestible electronics. The region is at the forefront of major innovation in this field and has seen a significant investment and development activity increase. In addition, the growing support from regulators, such as the U.S. FDA, in the form of guidelines for securing approvals for digital smart pills is further fueling the market growth in this region.

Browse summary of the report and Complete Table of Contents (ToC):

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https://skyquestt.com/report/smart-pills-technology-market

Hospital & Specialty Clinics Emerges as the Key End-User Segment owing to Increasing Patient Admissions

The end-user segment of hospitals and specialty clinics held a dominant share in the global smart pills technology market in 2022, accounting for nearly half of the total market share. A surge in colon cancer patients drives this segment’s high demand for smart pills technology. On the other hand, the research centers segment is projected to expand fastest, with a CAGR of 12.6% during the forecast period. The strong growth in this segment is due to increased investments in research and development aimed at developing advanced smart pills technology.

The regional market in the Asia Pacific is set for exponential progress in the coming years due to growing healthcare awareness. This region is expected to experience the fastest growth rate of 10.2% from 2023 to 2028, outpacing the global market. The technology of smart pills is still in its infancy in the Asian market. Still, the rise of corporate investments and favorable reimbursement policies, and increased funding for endoscopic research, are driving market expansion. As a result, companies operating in this region will be well-placed to take benefit of the rapidly growing demand for smart pills technology and capitalize on the lucrative market opportunities.

SkyQuest’s recent study sheds light on the latest developments and future prospects of the global smart pills technology market. The report provides a comprehensive market analysis by segmenting it based on various parameters such as target area, disease indication, application, and end user. The research also includes forecasting global, regional, and country-level markets from 2022 to 2028.

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Key Developments in Smart Pills Technology Market

  • HealthBeacon plc, the innovative digital therapeutics company, has expanded its platform to better manage complicated and critical pill regimens by introducing its new HB Smart Pills Management System. This new offering follows the company’s recent addition of the HB Smart Scale and its partnership with the American Pharmacists Association Foundation. The HB Smart Pills system is designed to make managing pill regimens easier and more efficient for patients and healthcare providers.
  • AccelmedPartners, a prominent private equity firm in the health tech industry, recently announced its leading role in a USD 40 million investment in MedMinder Systems Inc. MedMinder is a cutting-edge company that provides a comprehensive and integrated solution for elderly and polypharmacy patients. This solution is designed to improve medication adherence and connected care, and it has quickly become the leading provider in this field.
  • BD (Becton, Dickinson, and Company) and The Ottawa Hospital (TOH) have joined in a landmark collaboration to enhance patient care. The two organizations will work together to standardize and improve the quality of services provided by TOH, using the latest advancements in artificial intelligence and smart connected devices. Integrating data and reporting will be a key component of this partnership. The hospital can collect and analyze patient data in real-time with cutting-edge technologies.
  • Merck KGaA has taken a step forward in its quest to revolutionize drug delivery with its latest partnership. The German pharmaceutical giant has teamed up with Biocorp to create an advanced version of a Bluetooth-enabled clip-on device that will integrate seamlessly with one of its drug delivery systems. This collaboration is a testament to Biocorp’s expertise in this field, as they have already established successful partnerships with several leading pharmaceutical companies, such as Novo Nordisk and Sanofi.

Key Questions Answered in Smart Pills Technology Market Report

  • Which region’s investment opportunities are expected to yield high returns for market participants?
  • What is the market’s projected growth rate, and how much is the market valued?
  • Who are the current market leaders, and what are their revenue figures?
  • What are the upcoming global events and trends expected to impact the market?

Related Reports in SkyQuest’s Library:

Global Infant Formula Market

Global Softgel Capsules Market

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Global In-vitro Diagnostic Market

Sleeping Pods Market

Global Hereditary Angioedema Treatment Market

About Us:

SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.

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Email: [email protected]

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Artificial Intelligence

Complyport’s new AI tool – ViCA.Chat – set to revolutionise compliance support services

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LONDON, June 14, 2024 /PRNewswire/ — ViCA.Chat, the Virtual Compliance Assistant powered by AI technology, is set to transform regulatory compliance consulting. Developed by ComplyMAP Group’s AI engineers and Complyport’s compliance consulting teams, ViCA redefines compliance support services and propels governance, risk and compliance consulting into a new era of innovation. 

Offering real-time assistance across a vast array of UK and EU regulatory frameworks, ViCA delivers unparalleled efficiency, detail and precision in disentangling and dealing with complicated regulatory frameworks.
The key differentiator of ViCA is its specialised and purposely constructed unique databases that leverage Complyport’s 22 years of regulatory expertise, combined with tailored AI training tools, enabling ViCA to operate as an experienced compliance consultant. A dedicated human support team continuously improves and updates ViCA’s knowledge and responses through a feedback loop process and quality assurance sessions. This powerful symbiosis of AI and human expertise sets ViCA apart and ensures businesses have the latest regulatory information instantaneously and seamlessly.
As a result, ViCA’s specialised regulatory database goes beyond readily available online resources which feature into traditional AI tools. ViCA offers exclusive insights, proprietary regulatory interpretations, historical data, bespoke and purposely structured compliance documentation and templates. With advanced scraping capabilities, ViCA also extracts relevant data from selected websites and publicly available information, ensuring an up-to-date and comprehensive understanding of compliance requirements across industries.
From agile fintech startups to established law firms, financial institutions, regulatory bodies, insurance providers, as well as compliance consultants, ViCA seamlessly adapts to unique compliance needs. Its user-friendly interface ensures navigating and analysing regulatory data is swift and intuitive, streamlining the compliance workflow.
“ViCA is a game-changer in how regulatory compliance advice will be provided in the future”, commented Luis Parra, Managing Director of ViCA. “With ViCA, compliance insights become available to all. No longer are regulated firms and responsible people overly dependent on advisors and compliance consultants. Through ViCA, the financial system will not only meet but exceed regulatory standards. Moreover, the level of information made available to the public will benefit society as a whole, in its interactions with the financial services sector.”
Among ViCA’s revolutionary features is its cost-effective model, allowing businesses to significantly reduce reliance on traditional spending with external consultants and advisors.
Visit ViCA.Chat to experience the future of compliance support.
Contact:
Name: Luis ParraTitle: Managing DirectorCompany: Vica.ChatTelephone: +44 20 7399 4980 Email: [email protected]
About ViCA.Chat:
ViCA.Chat is a revolutionary Virtual Compliance Assistant powered by cutting-edge AI technology, designed to demystify the complexities of regulatory compliance. Utilising Complyport’s 22 years of regulatory expertise, ViCA offers real-time assistance and guidance across a wide range of regulatory frameworks, setting a new standard for efficiency and precision in compliance support. From fintech start-ups to established law firms, financial services institutions, regulators, regulatory firms, compliance consultants and insurance firms, ViCA caters to the diverse needs of professionals across all levels in the broader UK financial services sector.
Visit ViCA.Chat to learn more.
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LoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™

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CHICAGO, June 14, 2024 /PRNewswire/ — The LoRa and LoRaWAN IoT Market is expected to reach USD 32.7 billion by 2029 from USD 8.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 32.4 % during 2024–2029, according to a new report by MarketsandMarkets™.

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320 – Tables 58 – Figures294 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144298529
Scope of the Report
Report Metrics
Details
Market size available for years
2018-2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
Offering, Network Deployment, Application, End User, and Region
Region covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
List of Companies in LoRa and LoRaWAN IoT
The Bosch Group (Germany),  Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US).
The LoRaWAN ecosystem influences development of tools, software libraries, and cloud-based platforms that streamline the creation, deployment, and management of IoT solutions. Continuously evolving, this ecosystem boasts a burgeoning array of vendors providing LoRa-compliant devices, gateways, and network management solutions. This vibrant competition within the ecosystem propels innovation while driving down costs for end-users. Moreover, the development of interoperable solutions fosters seamless integration and deployment of LoRaWAN networks, simplifying the implementation process for businesses and organizations. As the ecosystem continues to expand and mature, it empowers developers, system integrators, and IoT enthusiasts to unleash their creativity, accelerate time-to-market, and unlock the full potential of LoRaWAN technology in diverse applications and industries.
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Based on network deployment, the public network segment to hold the largest market size during the forecast period.
The robust security features integrated into public LoRaWAN networks play a significant role in driving the growth and adoption of LoRaWAN technology in the market. End-to-end encryption ensures that data transmitted between devices and gateways is protected from unauthorized access or interception, safeguarding sensitive information such as sensor readings, location data, and command messages. Message integrity checks verify the integrity of data packets, detecting any tampering or alteration during transmission and ensuring data authenticity and reliability. Additionally, mutual authentication mechanisms establish trust between devices and gateways, verifying the identity of both parties before allowing communication to occur. These security measures provide organizations and end-users with confidence in the integrity and confidentiality of their data, mitigating concerns related to data privacy, cybersecurity threats, and regulatory compliance. As a result, implementing robust security features in public LoRaWAN networks enhances trust and credibility in the technology, driving increased adoption and market growth as organizations seek reliable and secure connectivity solutions for their IoT deployments.
By offering, the services segment is expected to hold a higher growth rate during the forecast period.
IoT service providers are pivotal in driving adoption by developing vertical-specific solutions finely tuned to the distinct needs of industries like agriculture, healthcare, logistics, and smart cities. In agriculture, for instance, IoT services offer solutions for precision farming, crop monitoring, and livestock management, enabling farmers to optimize irrigation, monitor soil health, and enhance yields. Similarly, IoT services facilitate remote patient monitoring, asset tracking, and inventory management in healthcare, improving patient care, reducing costs, and ensuring compliance with regulatory standards such as HIPAA. In logistics, IoT services provide real-time tracking of shipments, fleet management, and predictive maintenance, enhancing supply chain visibility, efficiency, and reliability. For smart cities, IoT services offer solutions for traffic management, waste management, energy optimization, and public safety, transforming urban infrastructure and enhancing the quality of life for residents. By addressing industry-specific challenges, compliance requirements, and use cases, vertical-specific IoT solutions deliver tangible business value, driving adoption and fueling the growth of the IoT services market across diverse sectors.
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Asia Pacific is expected to hold a higher growth rate during the forecast period.
In the Asia Pacific region, where agriculture serves as a cornerstone of many economies, adopting IoT technologies, particularly LoRa and LoRaWAN, is revolutionizing traditional farming practices. LoRaWAN’s long-range connectivity and low-power consumption make it well-suited for deployment in rural agricultural settings, where access to reliable connectivity may be limited. Through LoRa-based IoT solutions, farmers can implement precision agriculture techniques to address pressing challenges such as water scarcity, soil degradation, and unpredictable weather patterns. LoRa-enabled sensors facilitate real-time monitoring of soil moisture levels, temperature, and humidity, allowing farmers to optimize irrigation schedules and conserve water resources. Remote sensing technologies powered by LoRaWAN enable farmers to gather actionable insights on crop health, pest infestations, and nutrient deficiencies, facilitating timely interventions and improving overall crop management practices. Furthermore, LoRa-based crop analytics platforms provide farmers with data-driven decision support tools, helping them optimize planting strategies, improve yield forecasting, and mitigate the impact of climate change on agricultural productivity. By harnessing the power of LoRa and LoRaWAN IoT solutions, farmers in the Asia Pacific region can increase yields, conserve resources, and enhance resilience to environmental challenges, driving the adoption and growth of the LoRaWAN IoT market in the agricultural sector.
Top Key Companies in LoRa and LoRaWAN IoT Market:
The major vendors covered in the LoRa and LoRaWAN IoT Market are The Bosch Group (Germany),  Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the LoRa and LoRaWAN IoT Market.
Browse Adjacent Markets: Digitalization and Internet of Things (IoT) Market Research Reports & Consulting
Related Reports:
Perimeter Security Market- Global Forecast to 2029
Smart Cities Market – Global Forecast to 2028
Fleet Management Market – Global Forecast to 2028
Smart Water Management Market – Global Forecast to 2028
Rail Asset Management Market – Global Forecast to 2026
Get access to the latest updates on LoRa and LoRaWAN IoT Companies and LoRa and LoRaWAN IoT Industry
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
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Scoring a Seat at UEFA EURO 2024™ with Top-Performing AI-Powered TOSHIBA TV Lineup

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HONG KONG, June 14, 2024 /PRNewswire/ — Football fans are in for a treat as they gear up for UEFA EURO 2024™ with Toshiba TV’s top-performing Gaming TV Z670. As the OFFICIAL TV OF UEFA EURO 2024™, Toshiba TVs present immersive viewing of the football game by their AI-powered TV lineup. To celebrate the brilliant moments it can bring, Toshiba TV are gifting USD100 Amazon Gift Card via their social platform! By simply like, follow and comment on @ToshibaTVGlobal, fans can boost their chances of scoring this prize.

Optimized Visuals Tailored for Football Dynamics
The Toshiba REGZA Engine ZRi in Z670 transports football fans into the heart of the action. With the AI Football Mode, they’ll be able to see fast-moving objects crystal clear and football field actions much enriched. To see their favourite player score that winning goal, the AI Picture Optimizer automatically adjusts visual contrast and precision adapted to the game. From vivid green fields and vibrant player kits, every play comes to life with AI 4K Upscaling and Quantum Dot Color, transforming lower-resolution broadcasts into near-4K quality and unleashing lifelike visual color.
Powerful Audio Effects for a Live Stadium Experience
The Toshiba TV Z670’s powerful audio system makes viewers feel like they’re right in the game. With the REGZA Bass Woofer Pro, Tru Bass Booster, and Dolby Atmos, they’ll experience heart-thumping 3D surround sound that captures the live stadium atmosphere. Whether it’s the roar of the crowd or the intensity of each play, the rich audio brings the excitement of each game right into their room.
Bringing Everyone Together for UEFA EURO 2024™
Available in sizes ranging from 55″ to 85″, Z670 is equipped with a Wide Viewing Angle and Anti-reflection features that ensures a clear picture from all viewing positions with the non-glare panel. Gather everyone for “Brilliant Every Moment” in UEFA EURO 2024™ with Toshiba TV!
Please find the high-resolution TVC here: Link
About Toshiba TV:
With 70+ years of history in TV production, Toshiba TV is known for its exquisite craftsmanship, innovative ideas and groundbreaking inventions. By prioritizing superior image quality and auditory experiences, Toshiba TV sets new standards in entertainment. Toshiba TV stems from the excellence quest of customers, providing the world with responsible products to make the world a better place. Emphasizing attention to product details and technological advancement, Toshiba TV integrates aesthetically pleasing design, quality assurance, and brand reputation to underscore its commitment to authenticity in the actual world and a sincere dedication to its consumers, showcasing Toshiba TV’s long-standing design philosophy and continuous pursuit of product quality.
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