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Ingestible Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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    Report

  • 250 Pages
  • March 2024
  • Region: Global
  • Fairfield Market Research
  • ID: 5947325
Ingestible sensors, the ground breaking technology that seamlessly integrates wireless sensor networks into non-invasive capsules, are poised to redefine healthcare monitoring worldwide. A recent report from the publisher projects that the global ingestible sensors market is set to exceed a valuation of $1.6 billion by 2031, representing a steady growth trajectory at a CAGR of approximately 9.0% from 2024 to 2031.

Unraveling the Ingestible Sensors Phenomenon

Ingestible sensors, akin to miniature electrical circuits, are pill-sized devices equipped with a power source, microcontroller, processor, and detectors. Constructed from biomaterials, these devices seamlessly communicate with the body, offering unparalleled opportunities in healthcare monitoring and diagnosis across various clinical domains such as fitness, nutrition, and chronic disease management.

Market Trends Fueling Growth

The ingestible sensors market is experiencing an upward surge, driven by technological advancements and the escalating prevalence of chronic diseases worldwide. These sensors enable real-time monitoring, personalized drug delivery, and enhanced diagnostic capabilities, thereby revolutionizing the healthcare landscape.

Addressing Global Health Challenges

Chronic diseases such as diabetes, cardiovascular ailments, and cancer are on the rise, underscoring the critical need for innovative healthcare solutions. With approximately 525 million adults affected by diabetes in 2021, and projections indicating a surge to 620 million by 2031, the demand for ingestible sensors as a tool for effective disease management is more pressing than ever.

Regional Insights: Opportunities Abound in North America

North America emerges as a hotspot for ingestible sensor manufacturers, with the region expected to cross a valuation of $700.4 million by 2031. The prevalence of diabetes, which affects around 1 in 4 adults in North America, coupled with the escalating healthcare costs associated with disease management, propels the demand for accurate and cost-effective monitoring solutions.

United States: Pioneering Innovations in Healthcare

The United States ingestible sensors market is forecasted to reach $535.3 million by 2031, fueled by a significant diabetic population exceeding 37.3 million in 2022. Ingestible sensors offer a promising avenue for real-time monitoring, empowering healthcare providers to deliver personalized care and improve patient outcomes.

United Kingdom: A Growing Need for Advanced Monitoring Technologies

With a projected market value exceeding $80.1 billion by 2031, the United Kingdom showcases a robust demand for ingestible sensor technology. As the number of diabetes cases climbs steadily, reaching approximately 5.3 million by 2025, the UK market presents lucrative opportunities for innovative healthcare solutions.

China: A Rising Manufacturing Hub for Ingestible Sensors

China is positioned as a formidable player in the ingestible sensors market, projected to surge to $140.3 million by 2031. With an alarming prevalence of diabetes affecting over 141 million adults, the country is primed to leverage ingestible sensor technology for comprehensive disease management and monitoring.

Category-wise Insights: Temperature Sensors at the Forefront

Temperature sensors emerge as the frontrunner in the ingestible sensors market, witnessing significant growth prospects with a projected CAGR of 9.0% from 2024 to 2031. These sensors play a pivotal role in monitoring body temperature, offering valuable insights into health conditions and facilitating informed medical interventions.

Unlocking Opportunities in the Medical Industry

Ingestible sensors find extensive utility across the medical industry, with applications ranging from medication adherence monitoring to gastrointestinal tract diagnostics. As the demand for personalized healthcare solutions intensifies, ingestible sensors emerge as indispensable tools for revolutionizing patient care and disease management.

Competitive Analysis

The ingestible sensors industry is characterized by fierce competition, with key players employing strategies such as mergers, acquisitions, and collaborations to fortify their market presence. While established entities dominate the market share, new entrants are disrupting the landscape with innovative yet cost-effective solutions.

Some key companies are:

  • Otsuka Holdings Co. Ltd.
  • Medtronic
  • etectRx
  • CapsoVision Inc., H.Q. Inc.
  • IntroMedic
  • JINSHAN Science & Technology,
  • Check-Cap
  • Olympus Corporation
  • AdhereTech
  • IntroMedic Co. Ltd.

Ingestible Sensors Market Outlook by Category:

By Component:

  • Sensor
  • Wearable Patch
  • Software

By Sensor Type:

  • Temperature Sensor
  • Pressure Sensor
  • pH Sensor
  • Image Sensor

By Vertical:

  • Medical
  • Sports and Fitness

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa


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Table of Contents

1. Executive Summary
1.1. Global Ingestible Sensors Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2022
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Ingestible Sensors Market Outlook, 2018 - 2031
3.1. Global Ingestible Sensors Market Outlook, by Component, Value (US$ Bn), 2018 - 2031
3.1.1. Key Highlights
3.1.1.1. Sensor
3.1.1.2. Wearable Patch
3.1.1.3. Software
3.2. Global Ingestible Sensors Market Outlook, by Sensor Type, Value (US$ Bn), 2018 - 2031
3.2.1. Key Highlights
3.2.1.1. Temperature Sensor
3.2.1.2. Pressure Sensor
3.2.1.3. pH Sensor
3.2.1.4. Image Sensor
3.3. Global Ingestible Sensors Market Outlook, by Vertical, Value (US$ Bn), 2018 - 2031
3.3.1. Key Highlights
3.3.1.1. Medical
3.3.1.2. Sports and Fitness
3.4. Global Ingestible Sensors Market Outlook, by Region, Value (US$ Bn), 2018 - 2031
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
4. North America Ingestible Sensors Market Outlook, 2018 - 2031
4.1. North America Ingestible Sensors Market Outlook, by Component, Value (US$ Bn), 2018 - 2031
4.1.1. Key Highlights
4.1.1.1. Sensor
4.1.1.2. Wearable Patch
4.1.1.3. Software
4.2. North America Ingestible Sensors Market Outlook, by Sensor Type, Value (US$ Bn), 2018 - 2031
4.2.1. Key Highlights
4.2.1.1. Temperature Sensor
4.2.1.2. Pressure Sensor
4.2.1.3. pH Sensor
4.2.1.4. Image Sensor
4.3. North America Ingestible Sensors Market Outlook, by Vertical, Value (US$ Bn), 2018 - 2031
4.3.1. Key Highlights
4.3.1.1. Medical
4.3.1.2. Sports and Fitness
4.3.2. BPS Analysis/Market Attractiveness Analysis
4.4. North America Ingestible Sensors Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
4.4.1. Key Highlights
4.4.1.1. U.S. Ingestible Sensors Market by Component, Value (US$ Bn), 2018 - 2031
4.4.1.2. U.S. Ingestible Sensors Market by Sensor Type, Value (US$ Bn), 2018 - 2031
4.4.1.3. U.S. Ingestible Sensors Market by Vertical, Value (US$ Bn), 2018 - 2031
4.4.1.4. Canada Ingestible Sensors Market by Component, Value (US$ Bn), 2018 - 2031
4.4.1.5. Canada Ingestible Sensors Market by Sensor Type, Value (US$ Bn), 2018 - 2031
4.4.1.6. Canada Ingestible Sensors Market by Vertical, Value (US$ Bn), 2018 - 2031
4.4.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Ingestible Sensors Market Outlook, 2018 - 2031
5.1. Europe Ingestible Sensors Market Outlook, by Component, Value (US$ Bn), 2018 - 2031
5.1.1. Key Highlights
5.1.1.1. Sensor
5.1.1.2. Wearable Patch
5.1.1.3. Software
5.2. Europe Ingestible Sensors Market Outlook, by Sensor Type, Value (US$ Bn), 2018 - 2031
5.2.1. Key Highlights
5.2.1.1. Temperature Sensor
5.2.1.2. Pressure Sensor
5.2.1.3. pH Sensor
5.2.1.4. Image Sensor
5.3. Europe Ingestible Sensors Market Outlook, by Vertical, Value (US$ Bn), 2018 - 2031
5.3.1. Key Highlights
5.3.1.1. Medical
5.3.1.2. Sports and Fitness
5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Europe Ingestible Sensors Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
5.4.1. Key Highlights
5.4.1.1. Germany Ingestible Sensors Market by Component, Value (US$ Bn), 2018 - 2031
5.4.1.2. Germany Ingestible Sensors Market by Sensor Type, Value (US$ Bn), 2018 - 2031
5.4.1.3. Germany Ingestible Sensors Market by Vertical, Value (US$ Bn), 2018 - 2031
5.4.1.4. U.K. Ingestible Sensors Market by Component, Value (US$ Bn), 2018 - 2031
5.4.1.5. U.K. Ingestible Sensors Market by Sensor Type, Value (US$ Bn), 2018 - 2031
5.4.1.6. U.K. Ingestible Sensors Market by Vertical, Value (US$ Bn), 2018 - 2031
5.4.1.7. France Ingestible Sensors Market by Component, Value (US$ Bn), 2018 - 2031
5.4.1.8. France Ingestible Sensors Market by Sensor Type, Value (US$ Bn), 2018 - 2031
5.4.1.9. France Ingestible Sensors Market by Vertical, Value (US$ Bn), 2018 - 2031
5.4.1.10. Italy Ingestible Sensors Market by Component, Value (US$ Bn), 2018 - 2031
5.4.1.11. Italy Ingestible Sensors Market by Sensor Type, Value (US$ Bn), 2018 - 2031
5.4.1.12. Italy Ingestible Sensors Market by Vertical, Value (US$ Bn), 2018 - 2031
5.4.1.13. Turkey Ingestible Sensors Market by Component, Value (US$ Bn), 2018 - 2031
5.4.1.14. Turkey Ingestible Sensors Market by Sensor Type, Value (US$ Bn), 2018 - 2031
5.4.1.15. Turkey Ingestible Sensors Market by Vertical, Value (US$ Bn), 2018 - 2031
5.4.1.16. Russia Ingestible Sensors Market by Component, Value (US$ Bn), 2018 - 2031
5.4.1.17. Russia Ingestible Sensors Market by Sensor Type, Value (US$ Bn), 2018 - 2031
5.4.1.18. Russia Ingestible Sensors Market by Vertical, Value (US$ Bn), 2018 - 2031
5.4.1.19. Rest of Europe Ingestible Sensors Market by Component, Value (US$ Bn), 2018 - 2031
5.4.1.20. Rest of Europe Ingestible Sensors Market by Sensor Type, Value (US$ Bn), 2018 - 2031
5.4.1.21. Rest of Europe Ingestible Sensors Market by Vertical, Value (US$ Bn), 2018 - 2031
5.4.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Cassava Starch Market Outlook, 2018 - 2031
6.1. Asia Pacific Cassava Starch Market Outlook, by Component, Value (US$ Bn), 2018 - 2031
6.1.1. Key Highlights
6.1.1.1. Sensor
6.1.1.2. Wearable Patch
6.1.1.3. Software
6.2. Asia Pacific Ingestible Sensors Market Outlook, by Sensor Type, Value (US$ Bn), 2018 - 2031
6.2.1. Key Highlights
6.2.1.1. Temperature Sensor
6.2.1.2. Pressure Sensor
6.2.1.3. pH Sensor
6.2.1.4. Image Sensor
6.3. Asia Pacific Ingestible Sensors Market Outlook, by Vertical, Value (US$ Bn), 2018 - 2031
6.3.1. Key Highlights
6.3.1.1. Medical
6.3.1.2. Sports and Fitness
6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. Asia Pacific Ingestible Sensors Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
6.4.1. Key Highlights
6.4.1.1. China Ingestible Sensors Market by Component, Value (US$ Bn), 2018 - 2031
6.4.1.2. China Ingestible Sensors Market by Sensor Type, Value (US$ Bn), 2018 - 2031
6.4.1.3. China Ingestible Sensors Market by Vertical, Value (US$ Bn), 2018 - 2031
6.4.1.4. Japan Ingestible Sensors Market by Component, Value (US$ Bn), 2018 - 2031
6.4.1.5. Japan Ingestible Sensors Market by Sensor Type, Value (US$ Bn), 2018 - 2031
6.4.1.6. Japan Ingestible Sensors Market by Vertical, Value (US$ Bn), 2018 - 2031
6.4.1.7. South Korea Ingestible Sensors Market by Component, Value (US$ Bn), 2018 - 2031
6.4.1.8. South Korea Ingestible Sensors Market by Sensor Type, Value (US$ Bn), 2018 - 2031
6.4.1.9. South Korea Ingestible Sensors Market by Vertical, Value (US$ Bn), 2018 - 2031
6.4.1.10. India Ingestible Sensors Market by Component, Value (US$ Bn), 2018 - 2031
6.4.1.11. India Ingestible Sensors Market by Sensor Type, Value (US$ Bn), 2018 - 2031
6.4.1.12. India Ingestible Sensors Market by Vertical, Value (US$ Bn), 2018 - 2031
6.4.1.13. Southeast Asia Ingestible Sensors Market by Component, Value (US$ Bn), 2018 - 2031
6.4.1.14. Southeast Asia Ingestible Sensors Market by Sensor Type, Value (US$ Bn), 2018 - 2031
6.4.1.15. Southeast Asia Ingestible Sensors Market by Vertical, Value (US$ Bn), 2018 - 2031
6.4.1.16. Rest of Asia Pacific Ingestible Sensors Market by Component, Value
(US$ Bn), 2018 - 2031
6.4.1.17. Rest of Asia Pacific Ingestible Sensors Market by Sensor Type, Value (US$ Bn), 2018 - 2031
6.4.1.18. Rest of Asia Pacific Ingestible Sensors Market by Vertical, Value (US$ Bn), 2018 - 2031
6.4.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Ingestible Sensors Market Outlook, 2018 - 2031
7.1. Latin America Ingestible Sensors Market Outlook, by Component, Value (US$ Bn), 2018 - 2031
7.1.1. Key Highlights
7.1.1.1. Sensor
7.1.1.2. Wearable Patch
7.1.1.3. Software
7.2. Latin America Ingestible Sensors Market Outlook, by Sensor Type, Value (US$ Bn), 2018 - 2031
7.2.1.1. Temperature Sensor
7.2.1.2. Pressure Sensor
7.2.1.3. pH Sensor
7.2.1.4. Image Sensor
7.3. Latin America Ingestible Sensors Market Outlook, by Vertical, Value (US$ Bn), 2018 - 2031
7.3.1. Key Highlights
7.3.1.1. Medical
7.3.1.2. Sports and Fitness
7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Latin America Ingestible Sensors Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
7.4.1. Key Highlights
7.4.1.1. Brazil Ingestible Sensors Market by Component, Value (US$ Bn), 2018 - 2031
7.4.1.2. Brazil Ingestible Sensors Market by Sensor Type, Value (US$ Bn), 2018 - 2031
7.4.1.3. Brazil Ingestible Sensors Market by Vertical, Value (US$ Bn), 2018 - 2031
7.4.1.4. Mexico Ingestible Sensors Market by Component, Value (US$ Bn), 2018 - 2031
7.4.1.5. Mexico Ingestible Sensors Market by Sensor Type, Value (US$ Bn), 2018 - 2031
7.4.1.6. Mexico Ingestible Sensors Market by Vertical, Value (US$ Bn), 2018 - 2031
7.4.1.7. Argentina Ingestible Sensors Market by Component, Value (US$ Bn), 2018 - 2031
7.4.1.8. Argentina Ingestible Sensors Market by Sensor Type, Value (US$ Bn), 2018 - 2031
7.4.1.9. Argentina Ingestible Sensors Market by Vertical, Value (US$ Bn), 2018 - 2031
7.4.1.10. Rest of Latin America Ingestible Sensors Market by Component, Value (US$ Bn), 2018 - 2031
7.4.1.11. Rest of Latin America Ingestible Sensors Market by Sensor Type, Value (US$ Bn), 2018 - 2031
7.4.1.12. Rest of Latin America Ingestible Sensors Market by Vertical, Value (US$ Bn), 2018 - 2031
7.4.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Ingestible Sensors Market Outlook, 2018 - 2031
8.1. Middle East & Africa Ingestible Sensors Market Outlook, by Component, Value (US$ Bn), 2018 - 2031
8.1.1. Key Highlights
8.1.1.1. Sensor
8.1.1.2. Wearable Patch
8.1.1.3. Software
8.2. Middle East & Africa Ingestible Sensors Market Outlook, by Sensor Type, Value (US$ Bn), 2018 - 2031
8.2.1. Key Highlights
8.2.1.1. Temperature Sensor
8.2.1.2. Pressure Sensor
8.2.1.3. pH Sensor
8.2.1.4. Image Sensor
8.3. Middle East & Africa Ingestible Sensors Market Outlook, by Vertical, Value (US$ Bn), 2018 - 2031
8.3.1.1. Medical
8.3.1.2. Sports and Fitness
8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Middle East & Africa Ingestible Sensors Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
8.4.1. Key Highlights
8.4.1.1. GCC Ingestible Sensors Market by Component, Value (US$ Bn), 2018 - 2031
8.4.1.2. GCC Ingestible Sensors Market by Sensor Type, Value (US$ Bn), 2018 - 2031
8.4.1.3. GCC Ingestible Sensors Market by Vertical, Value (US$ Bn), 2018 - 2031
8.4.1.4. South Africa Ingestible Sensors Market by Component, Value (US$ Bn), 2018 - 2031
8.4.1.5. South Africa Ingestible Sensors Market by Sensor Type, Value (US$ Bn), 2018 - 2031
8.4.1.6. South Africa Ingestible Sensors Market by Vertical, Value (US$ Bn), 2018 - 2031
8.4.1.7. Egypt Ingestible Sensors Market by Component, Value (US$ Bn), 2018 - 2031
8.4.1.8. Egypt Ingestible Sensors Market by Sensor Type, Value (US$ Bn), 2018 - 2031
8.4.1.9. Egypt Ingestible Sensors Market by Vertical, Value (US$ Bn), 2018 - 2031
8.4.1.10. Nigeria Ingestible Sensors Market by Component, Value (US$ Bn), 2018 - 2031
8.4.1.11. Nigeria Ingestible Sensors Market by Sensor Type, Value (US$ Bn), 2018 - 2031
8.4.1.12. Nigeria Ingestible Sensors Market by Vertical, Value (US$ Bn), 2018 - 2031
8.4.1.13. Rest of Middle East & Africa Ingestible Sensors Market by Component, Value (US$ Bn), 2018 - 2031
8.4.1.14. Rest of Middle East & Africa Ingestible Sensors Market by Sensor Type, Value (US$ Bn), 2018 - 2031
8.4.1.15. Rest of Middle East & Africa Ingestible Sensors Market by Vertical, Value (US$ Bn), 2018 - 2031
8.4.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. By Vertical vs by Sensor Type Heat map
9.2. Manufacturer vs by Sensor Type Heatmap
9.3. Company Market Share Analysis, 2022
9.4. Competitive Dashboard
9.5. Company Profiles
9.5.1. Otsuka Holdings Co. Ltd.
9.5.1.1. Company Overview
9.5.1.2. Product Portfolio
9.5.1.3. Financial Overview
9.5.1.4. Business Strategies and Development
9.5.2. Medtronic
9.5.2.1. Company Overview
9.5.2.2. Product Portfolio
9.5.2.3. Financial Overview
9.5.2.4. Business Strategies and Development
9.5.3. tectRx
9.5.3.1. Company Overview
9.5.3.2. Product Portfolio
9.5.3.3. Financial Overview
9.5.3.4. Business Strategies and Development
9.5.4. CapsoVision Inc., H.Q. Inc.
9.5.4.1. Company Overview
9.5.4.2. Product Portfolio
9.5.4.3. Financial Overview
9.5.4.4. Business Strategies and Development
9.5.5. IntroMedic
9.5.5.1. Company Overview
9.5.5.2. Product Portfolio
9.5.5.3. Financial Overview
9.5.5.4. Business Strategies and Development
9.5.6. JINSHAN Science & Technology.
9.5.6.1. Company Overview
9.5.6.2. Product Portfolio
9.5.6.3. Financial Overview
9.5.6.4. Business Strategies and Development
9.5.7. Check-Cap
9.5.7.1. Company Overview
9.5.7.2. Product Portfolio
9.5.7.3. Financial Overview
9.5.7.4. Business Strategies and Development
9.5.8. Olympus Corporation
9.5.8.1. Company Overview
9.5.8.2. Product Portfolio
9.5.8.3. Financial Overview
9.5.8.4. Business Strategies and Development
9.5.9. AdhereTech
9.5.9.1. Company Overview
9.5.9.2. Product Portfolio
9.5.9.3. Financial Overview
9.5.9.4. Business Strategies and Development
9.5.10. IntroMedic Co. Ltd.
9.5.10.1. Company Overview
9.5.10.2. Product Portfolio
9.5.10.3. Financial Overview
9.5.10.4. Business Strategies and Development
10. Appendix
10.1.Research Methodology
10.2.Report Assumptions
10.3.Acronyms and Abbreviations

Companies Mentioned

  • Otsuka Holdings Co., Ltd.
  • Medtronic
  • etectRx
  • CapsoVision, Inc.
  • H.Q., Inc.
  • IntroMedic
  • JINSHAN Science & Technology
  • Check-Cap
  • Olympus Corporation
  • AdhereTech
  • IntroMedic Co. Ltd.

Methodology

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