Global Ingestible Sensor Market

Ingestible Sensor Market Size, Share, Growth Analysis, By Component(Sensor, Data Recorder, Software), By Type(Temperature, Pressure, pH, Image Sensor), By Vertical(Medical, Sports & Fitness), By Region - Industry Forecast 2025-2032


Report ID: SQMIG45F2109 | Region: Global | Published Date: February, 2024
Pages: 259 | Tables: 90 | Figures: 76

Ingestible Sensor Market Insights

Ingestible Sensor Market size was valued at USD 819 Million in 2023 and is poised to grow from USD 908.27 Million in 2024 to USD 1996.2 Million by 2032, growing at a CAGR of 10.9% during the forecast period (2025-2032).

One of the most cutting-edge items produced by the digital medical sector is the ingestible sensor. After being ingested, these sensors track a variety of bodily functions like heart rate, pulse, and blood pressure in order to continuously detect acute problems. Other sensors, information recorders, and programming devices are all coupled to these sensors. With the help of the connected discover application, the captured data may be transferred to smartphones. This programme supports patients in information analysis and decision-making related to medicine and other matters. Ingestible sensors are used by many medical personnel, such as nurses, doctors, and physician assistants, to assist in improved patient monitoring and diagnosis. Additionally, these sensors assist healthcare practitioners in developing efficient and life-saving treatment programmes for their patients.

Consumptive sensors are ingested. In this way, they can demonstrate to medical specialists the true state of the patient's internal organs. The installation of these sensors doesn't hurt the patient and doesn't involve any invasive procedures like biopsies. Biopsies and invasive procedures are uncomfortable, and there is always a chance that an unexpected infection can cause a serious illness or even death. An innovative virus called COVID-19 is having the same consequences on the world as the Black Death did in the fourteenth century. Yesenia Persists and COVID-19 are both profoundly altering the globe. Europe's rise was influenced by the Black Death. Additionally, it ushered everyone into the modern period. The globe is being pushed into the digital era by COVID-19. Additionally, it has established online shopping and enterprises as a legitimate method for people to live, work, and shop. The fact that COVID-19 could not and should not be taken lightly was recognised by governments all across the world. So they imposed quarantines and lockdowns everywhere. These were only meant to be temporary because they weren't actually effective in stopping the coronavirus's spread.

Many firms all over the world were compelled to either stop production completely or drastically reduce it. Many companies were compelled to permanently close their doors because they could no longer stay either financially successful or economically sustainable. The companies operating in the global market for ingestible sensors saw the exact opposite outcome. In fact, they prospered as a result of COVID-19. The cause was a search for safer methods for remote patient diagnosis by medical specialists and front-line staff. Ingestible sensors proved to be the solution.

US Ingestible Sensor Market is poised to grow at a sustainable CAGR for the next forecast year.

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FAQs

Ingestible Sensor Market size was valued at USD 738.28 million in 2022 and is poised to grow from USD 819 million in 2023 to USD 1800 million by 2031, growing at a CAGR of 10.9% in the forecast period (2024-2031).

Companies are finding that they must resort to research and development to develop and market the new generations of technologically advanced products with innovative new applications. Not only can they outsell the competition by doing this but they can also create the sustainable competitive advantage that they’ll need to remain financially profitable and economically viable. 'RF Co. Ltd. (Japan)', 'CapsoVision Inc. (US)', 'Medtronic (US)', 'Proteus Digital Health', 'Olympus Corporation', 'Given Imaging Ltd.', 'Medimetrics', 'Microchips Biotech, Inc.', 'Check-Cap', 'IntroMedic Co., Ltd.', 'MC10', 'Sensirion AG', 'Proteus Biomedical', 'Philips Healthcare', 'BodyCap', 'Adler Planetarium and Astronomy Museum', 'e-Celsius Performance', 'Pillo Health', 'SmartPill Corporation', 'HQ, Inc.'

Technologies in the health industry are developing quickly. This is one of the main factors boosting growth in the worldwide ingestible sensor market, along with the fact that more front-line employees and healthcare professionals are utilising medical apps more frequently.

Given that capsule endoscopes have been available on the market for about 20 years, the medical and healthcare sector is expected to have the greatest market size in 2021. In the medical field, applications for ingestible sensors include controlled drug delivery, patient monitoring, and capsule endoscopy. They improve medication adherence by alerting doctors to drug interactions and patient usage of specific medications.

As a result of technology improvements and the availability of sophisticated infrastructure, North America has been the region's most successful market. The creation of microscopic camera pills, which are commonly utilised in these items as a consequence of advances in science and technology, is projected to accelerate the region's growth. According to reports, a major reason influencing the region's expansion is the rise in chronic and gastrointestinal disorders. In terms of market revenue, Europe lagged behind North America by a considerable margin. Because of the superior research and technology in this area, several local businesses have focused on developing cutting-edge medical gadgets. This element aids in the expansion of the region. Other significant growth-promoting variables include the increase in chronic disease cases, the ageing population, and the accessibility of simple reimbursement methods.

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Global Ingestible Sensor Market

Report ID: SQMIG45F2109

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