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Ingestible Sensors Market - Forecasts from 2024 to 2029

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    Report

  • 124 Pages
  • September 2024
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 5649178
The ingestible sensors market is expected to grow at a CAGR of 9.10%, reaching a market size of US$1.09 billion in 2029 from US$706.603 million in 2024.

Ingestible electronic systems comprise a biocompatible microprocessor, power supply, sensors, and other components, enabling the device to communicate with a mobile application for diagnosis and monitoring. These capsule-sized devices possess the potential to screen for diseases that are difficult, if not impossible, to detect at an early stage using other methods.

Furthermore, they can also reduce the facility and labour expenses typically associated with multiple procedures and offer a foundation for epithelial-targeted therapeutic interferences. These technological advancements can make disease monitoring and treatment for various conditions far more effective, enabling patients to live longer and healthier. Increased chronic diseases and advancing technologies will promote market growth in the forecasted period.

Furthermore, ongoing scientific and technological advancements that have resulted in the creation and development of tiny camera pills that are widely used in ingestible sensors as well as the introduction of cutting-edge sensor technologies by major players are significantly expanding the market's growth prospects. For example, in December 2022, engineers announced that they had created an ingestible biosensing system that is pill-shaped, battery-free, and provides real-time, continuous monitoring of the intestinal environment.

Ingestible Sensors Market Drivers:

  • The increasing prevalence of chronic health conditions due to growing sedentary lifestyles
Sedentary lifestyles caused by a lack of physical activity, changing dietary habits, and increasing desk work are contributing to rising associated health risks. According to the World Health Organization's Global Action Plan of Physical Activity 2018-2030, approximately one out of every four adults and three out of every four youngsters fail to meet the organization's physical activity standards. Additionally, issues like better economic growth and moving to towns from villages, therefore creating the urban life seen today, modern transport systems have resulted in inactivity rates reaching 70% in certain countries.

Ingestible Sensors Market Geographical Outlook

  • North America is expected to hold a significant market share in the forecast period.
The North American region is expected to hold a large market share for this sector. Furthermore, concerning technological advancements and the increasing application of the Internet of Things (IoT) in healthcare, the United States leads the pack. IOT essentially allows for online tracking, monitoring, and control of people’s daily activities, such as taking medication. It is a new wave of digital medication in the healthcare industry. Scientific and technological advancements that led to the creation of tiny camera pills - widely utilized in these products - will probably accelerate the region's growth. Its growth is also allegedly being fueled in large part by an increase in gastrointestinal and chronic illnesses.

Reasons for buying this report::

  • Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub- segments.
  • Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
  • Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
  • Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
  • Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What do businesses use our reports for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

  • Historical data & forecasts from 2022 to 2029
  • Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
  • Competitive Positioning, Strategies, and Market Share Analysis
  • Revenue Growth and Forecast Assessment of segments and regions including countries
  • Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

Key Market Segmentation:

The ingestible sensors market is segmented and analyzed as below:
  • By Sensor Type
    • Temperature
    • Image
    • pH
    • Pressure
  • By End-User Industry
    • Healthcare
    • Sports & Fitness
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • UK
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • Indonesia
      • South Korea
      • Others

Table of Contents

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key Benefits to the Stakeholder
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Processes
3. EXECUTIVE SUMMARY
3.1. Key Findings
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. INGESTIBLE SENSORS MARKET BY SENSOR TYPE
5.1. Introduction
5.2. Temperature
5.3. Image
5.4. PH
5.5. Pressure
6. INGESTIBLE SENSORS MARKET BY END-USER INDUSTRY
6.1. Introduction
6.2. Healthcare
6.3. Sports & Fitness
7. INGESTIBLE SENSORS MARKET BY GEOGRAPHY
7.1. Introduction
7.2. North America
7.2.1. By Sensor Type
7.2.2. By End-User Industry
7.2.3. By Country
7.2.3.1. United States
7.2.3.2. Canada
7.2.3.3. Mexico
7.3. South America
7.3.1. By Sensor Type
7.3.2. By End-User Industry
7.3.3. By Country
7.3.3.1. Brazil
7.3.3.2. Argentina
7.3.3.3. Others
7.4. Europe
7.4.1. By Sensor Type
7.4.2. By End-User Industry
7.4.3. By Country
7.4.3.1. Germany
7.4.3.2. UK
7.4.3.3. France
7.4.3.4. Spain
7.4.3.5. Others
7.5. Middle East and Africa
7.5.1. By Sensor Type
7.5.2. By End-User Industry
7.5.3. By Country
7.5.3.1. Saudi Arabia
7.5.3.2. Israel
7.5.3.3. Others
7.6. Asia Pacific
7.6.1. By Sensor Type
7.6.2. By End-User Industry
7.6.3. By Country
7.6.3.1. China
7.6.3.2. Japan
7.6.3.3. India
7.6.3.4. Indonesia
7.6.3.5. South Korea
7.6.3.6. Others
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Market Share Analysis
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Competitive Dashboard
9. COMPANY PROFILES
9.1. Otsuka Pharmaceuticals
9.2. HQ, Inc.
9.3. CapsoVison
9.4. Olympus Corporation
9.5. Atmo Biosciences
9.6. EtectRx
9.7. Medtronic
9.8. Intro Medic
9.9. Progenity (Medimetrics)

Companies Mentioned

Some of the key companies profiled in this Ingestible Sensors Market report include:
  • Otsuka Pharmaceuticals
  • HQ, Inc.
  • CapsoVison
  • Olympus Corporation
  • Atmo Biosciences
  • EtectRx
  • Medtronic
  • Intro Medic
  • Progenity (Medimetrics)

Methodology

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