The Ingestible Sensor market is to reach 20.13 billion at a growth rate of 9.5% by 2022. This report provides market size, share, growth, trend, supplier, top player, manufacturer, demand, outlook, opportunities, competitors, production, and revenue analysis forecast to 2022 from 2017.
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The ingestible sensors market is driven by factors such as medication adherence, aging population, and increasing frequency of lifestyle diseases, growing healthcare expenditure, and favorable reimbursement scenario.
Ingestible Sensor Companies Profiled In Report: HQ, Inc. (U.S.) and Proteus Digital Health, Inc.
(U.S.). System integrators such as CapsoVision, Inc. (U.S.), Given Imaging, Ltd.
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(Israel), Medimetrics Personalized Drug Delivery B.V. (Netherlands), and Olympus Corporation (Japan).
The target audience for the report includes:
- Pharmaceutical companies
- Healthcare providers (diagnosis centre, clinics, healthcare researchers)
- Government bodies
- Medical councils
- Sports & physical fitness research institutions
“Temperature sensors to dominate the market during the forecast period”
Temperature is the most important parameter for every biomedical process. In comparison to other ingestible sensors such as pressure, pH, and image sensors, temperature sensors have a greater scope and it holds the largest market size during the forecast period.
The growing frequency of chronic diseases and the industrial focus on real-time body monitoring are the key drivers for the growth of temperature sensors in ingestible sensors.
There are several ingestible sensor systems being developed such as smart pills, pill cameras, and others which incorporate temperature measurement as an important parameter. Similarly, ultra-low-power wireless ingestible temperature sensors, in integration with other sensors, are used in the sports and fitness vertical to help athletes during the training hours, in fire-fighting, military, mining, and other industries to track and log the core body temperature data of the workers.
“APAC offers high-growth avenues during the forecast period”
The ingestible sensor market in APAC is expected to grow at a prominent double digit CAGR during the forecast period. The presence of a favourable reimbursement scenario in Japan for capsule endoscopy procedures, which is a major factor driving the growth of the ingestible sensors market in the country.
For instance, in July 2013, the Central Social Insurance Medical Council (Chuikyo) in Japan approved Given Imaging's (Israel) Pill Cam COLON for reimbursement. Olympus, a leading endoscopy player, is focusing on building the Group‘s marketing base in China.
In Australia, the government is making significant investments for training endoscopists and is also setting up new endoscopy facilities to cater to the growing demand for endoscopy in the country. Thus, the expanding ingestible sensor procedures inAPAC countries are supporting the growth of the ingestible sensors market in this region.
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Ingestible Sensor Market Overview –
- Data recorder
By Sensor Type:
- Temperature sensor
- Pressure sensor
- pH sensor
- Image sensor
- Sports & fitness
- North America
- MEA & Latin America
This report includes the market statistics pertaining to component, aircraft type, and application along with their respective market size. The Porter’s five forces framework has been utilized along with the value chain analysis to provide an in-depth insight into the Ingestible Sensor market.
Major drivers, restraints, and opportunities for the Ingestible Sensor market have been detailed in this report.
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