Digital Pills Market

Digital Pills Market

Category : Healthcare & Life Sciences Reports | Delivery Format : PDF,PPT | Publisher: Reports and Insights | Pages : 167

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Digital Pills Market Overview

The report is titled as ‘Digital Pills Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the digital pills market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. Digital pills market is expected to grow with a significant rate in the near future.

The digital pills market in 2020 is accounted for US$ 194.1 Mn and expected to reach at a value of US$ 350.1 Mn by 2028 with a significant CAGR of 7.7%.

Digital Pills Introduction

Digital pills, which typically include a sensor about the size of a grain of sand, can travel safely through the body and communicate with some kind of external device, like an app or a wearable patch.

Digital pills are also called as a smart drug that communicates with the smartphone app and keep the physicians, care takers, family informed about whether the patient has taken medication or not, time and dose of the medication etc. Recently in 2017, FDA approved a Abilify MyCite - adigital pill for treatment of schizophrenia, to Otsuka Pharmaceuticals. Otsuka Pahramacuticals developed this digital pill with Proteous digital health.

Many of the mental patients do not take medication due to their side effects, they forget to take medication or because they become paranoid about the doctor or the doctor’s intentions. Digital pill is the great tool for patients who resist taking the medication, and it also informs the care taker about the missed dose.

Digital pill contains tiny ingestible sensor made up of copper, magnesium and silicon. This chip generates electrical signals when it comes in contact with gastric acids. The current is then sensed by the Band-Aid-like patch that must be worn on the left rib cage and replaced after seven days.

The patch sends the date and time of pill ingestion and the patient’s activity level via Bluetooth to a cellphone app. The information is then transmitted to database which can be accessed by physicians, family members or other care takers of the patient.

As on today there exists a little commercial presence of digital pills, however, the digital pills market is expected to hold huge growth potential.

Digital Pills Market Key Players

Some of the major key participating players in global 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, and others. Global market for digital pills is mainly dominated by Otsuka Pharmaceuticals.

Digital Pills Market Segmentation

The global digital pills market is segmented on the basis of distribution channel and region. On the basis of distribution channel, global digital pills market is segmented into hospital pharmacy, and retail pharmacy.

Digital Pills Market Regional Segmentation Overview

On the basis of region, the global digital pills market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. North America digital pills market is expected to be the most dominating market throughout the forecast period due to early product launch. Subsequent launch in Europe would make it second most attractive market for digital pills. Asia Pacific is expected to witness delayed growth due to complex regulatory pathways in Japan and Australia.

MMC Overview on Digital Pills Market Report

The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.

A research report on the Digital Pills market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product designs and launches

Current product compliance

Reimbursement

Concerns for use of Digital Pills products

Advantages of Digital Pills

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.


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1.    Global Digital Pills Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global Digital Pills Market Overview

2.1.    Introduction

2.1.1.    Introduction

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global Digital Pills Market Snapshot

2.4.    Global Digital Pills Market Size And Forecast, 2020–2028

2.4.1.    Introduction

2.4.2.    Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)

2.5.    Global Digital Pills Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Porter’s Five Forces Model

2.7.    SWOT Analysis

3.    Digital Pills Assessment and Analysis

3.1.    Digital Pills Impact Analysis 

3.2.    Actions to encourage use of Digital Pills

3.3.    Digital Pills Promotional Strategy Recommendation

3.4.    Road Map Analysis

3.5.    GAP Analysis

3.6.    Potential Analysis

4.    Covid-19 Impact on Digital Pills Market

4.1.    Impact Analysis of Covid-19 on the global Digital Pills market

4.2.    Effect On Value Chain

4.3.    Business Impact W.R.T Revenue 

4.4.    Fluctuation In Production

4.5.    Volatility In Price 

4.6.    Effect On The Overall Trade 

4.7.    Market Impact Analysis In 2020 (Quarter Wise)

5.    Global Digital Pills Market, By Distribution Channel

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By Distribution Channel

5.1.2.    BPS Analysis, By Distribution Channel

5.2.    Market Revenue (US$Mn) and Forecast, By Distribution Channel

5.2.1.    Hospital Pharmacy

5.2.2.    Retail Pharmacy

5.3.    Global Digital Pills Market Attractiveness Index, By Distribution Channel

6.    Global Digital Pills Market, By Region

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By Region

6.1.2.    BPS Analysis, By Region

6.2.    Market Revenue (US$Mn) and Forecast, By Region

6.2.1.    North America

6.2.2.    Latin America

6.2.3.    Europe

6.2.4.    Asia Pacific

6.2.5.    Middle East 

6.2.6.    Africa

6.3.    Global Digital Pills Market Attractiveness Index, By Region

7.    North America Digital Pills Market Analysis and Forecast, 2020–2028

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By Country

7.1.2.    BPS Analysis, By Country

7.2.    Market Revenue (US$Mn) and Forecast, By Country

7.2.1.    U.S. Digital Pills Market

7.2.2.    Canada Digital Pills Market

7.3.    North America Digital Pills Market, By Distribution Channel

7.3.1.    Hospital Pharmacy

7.3.2.    Retail Pharmacy

7.4.    North America Digital Pills Market Attractiveness Index

7.4.1.    By Country

7.4.2.    By Distribution Channel

8.    Latin America Digital Pills Market Analysis and Forecast, 2020–2028

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Country

8.1.2.    BPS Analysis, By Country

8.2.    Market (US$Mn) Forecast, By Country

8.2.1.    Brazil Digital Pills Market

8.2.2.    Mexico Digital Pills Market

8.2.3.    Rest Of Latin America Digital Pills Market

8.3.    Latin America Digital Pills Market, By Distribution Channel

8.3.1.    Hospital Pharmacy

8.3.2.    Retail Pharmacy

8.4.    Latin America Digital Pills Market Attractiveness Index

8.4.1.    By Country

8.4.2.    By Distribution Channel

9.    Europe Digital Pills Market Analysis and Forecast, 2020–2028

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Country

9.1.2.    BPS Analysis, By Country

9.2.    Market (US$Mn) Forecast, By Country

9.2.1.    U.K. Digital Pills Market

9.2.2.    Germany Digital Pills Market

9.2.3.    Italy Digital Pills Market

9.2.4.    France Digital Pills Market

9.2.5.    Spain Digital Pills Market

9.2.6.    Russia Digital Pills Market

9.2.7.    Rest Of Europe Digital Pills Market

9.3.    Europe Digital Pills Market, By Distribution Channel

9.3.1.    Hospital Pharmacy

9.3.2.    Retail Pharmacy

9.4.    Europe Digital Pills Market Attractiveness Index

9.4.1.    By Country

9.4.2.    By Distribution Channel

10.    Asia Pacific Digital Pills Market Analysis and Forecast, 2020–2028

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market (US$Mn) Forecast, By Country

10.2.1.    China Digital Pills Market

10.2.2.    India Digital Pills Market

10.2.3.    Japan Digital Pills Market

10.2.4.    Australia and New Zealand Digital Pills Market

10.2.5.    South Korea Digital Pills Market

10.2.6.    Rest of Asia Pacific Digital Pills Market

10.3.    Asia Pacific Digital Pills Market, By Distribution Channel

10.3.1.    Hospital Pharmacy

10.3.2.    Retail Pharmacy

10.4.    Asia Pacific Digital Pills Market Attractiveness Index

10.4.1.    By Country

10.4.2.    By Distribution Channel

11.    Middle East Digital Pills Market Analysis and Forecast, 2020–2028

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market (US$Mn) Forecast, By Country

11.2.1.    GCC Countries Digital Pills Market

11.2.2.    Israel Digital Pills Market

11.2.3.    Rest Of Middle East Digital Pills Market

11.3.    Middle East Digital Pills Market, By Distribution Channel

11.3.1.    Hospital Pharmacy

11.3.2.    Retail Pharmacy

11.4.    Middle East Digital Pills Market Attractiveness Index

11.4.1.    By Country

11.4.2.    By Distribution Channel

12.    Africa Digital Pills Market Analysis and Forecast, 2020–2028

12.1.    Introduction

12.1.1.    Annual Growth Rate Comparison, By Country

12.1.2.    BPS Analysis, By Country

12.2.    Market (US$Mn) Forecast, By Country

12.2.1.    South Africa Countries Digital Pills Market

12.2.2.    Egypt Digital Pills Market

12.2.3.    North Africa Digital Pills Market

12.2.4.    Rest of Africa Digital Pills Market

12.3.    Africa America Digital Pills Market, By Distribution Channel

12.3.1.    Hospital Pharmacy

12.3.2.    Retail Pharmacy

12.4.    Africa Digital Pills Market Attractiveness Index

12.4.1.    By Country

12.4.2.    By Distribution Channel

13.    Competitive Landscape

13.1.    Company Profiles

13.1.1.    Chase Tactical

13.1.1.1.    Company Overview

13.1.1.2.    Financial Overview

13.1.1.3.    Key Developments

13.1.1.4.    Strategies

13.1.1.5.    Product Analysis

13.1.2.    Proteus Digital Health

13.1.3.    Ostuka Holdings Co. Ltd.

13.1.4.    2morrow Inc.

13.1.5.    Ginger

13.1.6.    Puretech Health

13.1.7.    Livongo Health

13.1.8.    Alivecor, Inc.

13.1.9.    Welldoc, Inc.

13.1.10.    Omada Health, Inc.

13.1.11.    Novartis AG

13.1.12.    Yuza

13.1.13.    Abbott

13.1.14.    Mocacare

13.1.15.    Gentag, Inc.

13.1.16.    Leaf Healthcare, Inc.

13.1.17.    Perficient, Inc.

13.1.18.    Olympus Corporation

13.1.19.    Bdd Limited

13.1.20.    Capsocam Plus

13.1.21.    Medtronic

14.    Acronyms

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Frequently Asked Questions

The digital pills market in 2020 is accounted for US$ 194.1 Mn and expected to reach at a value of US$ 350.1 Mn by 2028 with a significant CAGR of 7.7%.

Digital pills, which typically include a sensor about the size of a grain of sand, can travel safely through the body and communicate with some kind of external device, like an app or a wearable patch. Digital pills are also called as a smart drug that communicates with the smartphone app and keep the physicians, care takers, family informed about whether the patient has taken medication or not, time and dose of the medication etc.

The global digital pills market is segmented on the basis of distribution channel and region.

Some of the major key participating players in global 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, and others.


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