The North America Ingestible Sensors Market should witness market growth of 10.4% CAGR during the forecast period (2022-2028).
The development of electronic components has led to the miniaturization, intelligence, and power efficiency of electronic devices. The size of microprocessors has decreased, and they are now more efficient and multipurpose. In addition, considerable advancements in battery technology have resulted in a large improvement in power and energy density, resulting in decreased physical dimensions that can function for longer durations.
This extraordinary advancement has made it possible to do high-fidelity telemetry along with high-performance data processing on extremely compact devices while consuming less energy. In addition to the development of electrical components, sensors have made significant strides in recent years. Due to advances in materials science, electronics, optics, and chemistry, sensors are today more dependable, sensitive, and compact than ever before.
In addition, the expanded capabilities of modern microcontrollers and signal processing have enabled the extraction of the noisiest sensor signals in a relatively short period of time with greater reliability. Recent innovations have revolutionized the development as well as the evolution of wearable electronics. Currently, they are utilized in a number of applications, including interactive communications, fitness trackers, medical devices for health monitoring and diagnostics, navigation tools, detectors for alertness, and increasingly as communications and media devices.
The introduction of new technologies is driving the expansion of the market for ingestible sensors throughout the region. Due to the widespread use of medical applications along with the availability of advanced infrastructure, the demand as well as the supply of ingestible sensors is high in the region. The United States is the leading nation in the sector in terms of technical breakthroughs and the adoption of the Internet of Things (IoT) in healthcare, since it enables internet-based monitoring, control, and tracking of everyday routines, including medication consumption. The Internet of Things in healthcare is considered as a new wave of digital medicine.
The US market dominated the North America Ingestible Sensors Market by Country in 2021; thereby, achieving a market value of $392.1 Million by 2028. The Canada market is experiencing a CAGR of 12.9% during (2022-2028). Additionally, The Mexico market would exhibit a CAGR of 11.9% during (2022-2028).
Based on Vertical, the market is segmented into Medical, Sports & Fitness and Others. Based on Component, the market is segmented into Sensor, Wearable Patch/Data Recorder and Software. Based on Sensor Type, the market is segmented into Temperature Sensor, Image Sensor, pH Sensor and Pressure Sensor. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, Olympus Corporation, Check Cap Ltd., Dassault Systemes (Medidata Solutions, Inc.), etectRx™, Inc., H.Q., Inc., Otsuka Pharmaceutical Co., Ltd., CapsoVision, Inc., IntroMedic Co., Ltd. and Chongqing Jinshan Science and Technology Group Co., Ltd.
The development of electronic components has led to the miniaturization, intelligence, and power efficiency of electronic devices. The size of microprocessors has decreased, and they are now more efficient and multipurpose. In addition, considerable advancements in battery technology have resulted in a large improvement in power and energy density, resulting in decreased physical dimensions that can function for longer durations.
This extraordinary advancement has made it possible to do high-fidelity telemetry along with high-performance data processing on extremely compact devices while consuming less energy. In addition to the development of electrical components, sensors have made significant strides in recent years. Due to advances in materials science, electronics, optics, and chemistry, sensors are today more dependable, sensitive, and compact than ever before.
In addition, the expanded capabilities of modern microcontrollers and signal processing have enabled the extraction of the noisiest sensor signals in a relatively short period of time with greater reliability. Recent innovations have revolutionized the development as well as the evolution of wearable electronics. Currently, they are utilized in a number of applications, including interactive communications, fitness trackers, medical devices for health monitoring and diagnostics, navigation tools, detectors for alertness, and increasingly as communications and media devices.
The introduction of new technologies is driving the expansion of the market for ingestible sensors throughout the region. Due to the widespread use of medical applications along with the availability of advanced infrastructure, the demand as well as the supply of ingestible sensors is high in the region. The United States is the leading nation in the sector in terms of technical breakthroughs and the adoption of the Internet of Things (IoT) in healthcare, since it enables internet-based monitoring, control, and tracking of everyday routines, including medication consumption. The Internet of Things in healthcare is considered as a new wave of digital medicine.
The US market dominated the North America Ingestible Sensors Market by Country in 2021; thereby, achieving a market value of $392.1 Million by 2028. The Canada market is experiencing a CAGR of 12.9% during (2022-2028). Additionally, The Mexico market would exhibit a CAGR of 11.9% during (2022-2028).
Based on Vertical, the market is segmented into Medical, Sports & Fitness and Others. Based on Component, the market is segmented into Sensor, Wearable Patch/Data Recorder and Software. Based on Sensor Type, the market is segmented into Temperature Sensor, Image Sensor, pH Sensor and Pressure Sensor. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, Olympus Corporation, Check Cap Ltd., Dassault Systemes (Medidata Solutions, Inc.), etectRx™, Inc., H.Q., Inc., Otsuka Pharmaceutical Co., Ltd., CapsoVision, Inc., IntroMedic Co., Ltd. and Chongqing Jinshan Science and Technology Group Co., Ltd.
Scope of the Study
By Vertical
- Medical
- Sports & Fitness
- Others
By Component
- Sensor
- Temperature Sensor
- Image Sensor
- pH Sensor
- Pressure Sensor
- Wearable Patch/Data Recorder
- Software
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Medtronic PLC
- Olympus Corporation
- Check Cap Ltd.
- Dassault Systemes (Medidata Solutions, Inc.)
- etectRx™, Inc.
- H.Q., Inc.
- Otsuka Pharmaceutical Co., Ltd.
- CapsoVision, Inc.
- IntroMedic Co., Ltd.
- Chongqing Jinshan Science and Technology Group Co., Ltd.
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. North America Ingestible Sensors Market by Vertical
Chapter 4. North America Ingestible Sensors Market by Component
Chapter 5. North America Ingestible Sensors Market by Country
Chapter 6. Company Profiles
Companies Mentioned
- Medtronic PLC
- Olympus Corporation
- Check Cap Ltd.
- Dassault Systemes (Medidata Solutions, Inc.)
- etectRx™, Inc.
- H.Q., Inc.
- Otsuka Pharmaceutical Co., Ltd.
- CapsoVision, Inc.
- IntroMedic Co., Ltd.
- Chongqing Jinshan Science and Technology Group Co., Ltd.
Methodology
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