Smart Pills Patient Monitoring Market Share

North American Market Forecast   

The North American smart pills patient monitoring market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2036. The growth of the market can be attributed majorly to the higher frequency of colorectal cancer amongst people, backed by the rise in sedentary lifestyles, and the rapidly surging ratio of geriatric populace in the region. For instance, in the United States, there were reportedly more than 1 million people living with colorectal cancer in 2022. Whereas, more than 21 million individuals who were eligible for colorectal cancer screening had not received one. Moreover, growing healthcare expenditure and increasing investment in medical research activities are further anticipated to boost the regional market growth further during the forecast period.

APAC Market Statistics

The Asia Pacific smart pills patient monitoring market, amongst the market in all the other regions, is projected to grow with a notable CAGR during the forecast period. The growth of the market can be attributed majorly to the improving healthcare facilities, and economic development in countries, including, China, India, Japan, and others. In addition to this, the surging occurrence of several types of gastrointestinal disorders and stomach cancer is also projected to further boost the growth of the smart pills patient monitoring market in the region. For instance, gastric cancer is relatively frequent, particularly in Asian countries such as Japan, China, Mongolia, and the Republic of Korea. China accounts for around 44% of all stomach cancer cases worldwide, whereas it is the most common type of cancer among males in Japan. Further, the expanding governmental support to initiate awareness programs regarding the various types of cancer and their screening is also anticipated to boost the market growth during the forecast period in the APAC region.