The global ingestible sensors market is anticipated to grow at a significant CAGR of 12.8% during the forecast period. Ingestible sensors are used for capsule endoscopy, patient monitoring, and controlled drug delivery application in the medical sector. Ingestible sensors can help in tracking the pH and temperature of a patient's gastrointestinal tract and also provide images of the targeted organs. These are also known as intelligent pills. The rising cases of chronic diseases and medical adherence are driving the growth of the global ingestible sensors market. For instance, according to the Royal Melbourne Institute of Technology, one out of every five people suffers from a gastrointestinal disorder in their lifetime and 30% of them remain undiagnosed.
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The accuracy requirement in invasive diagnosis tests is creating huge opportunities for innovation in ingestible sensors. The increasing cases of gastroparesis in the developed nations including the US and UK are giving strength in the market growth. However, the high requirement of R&D investment for the designing of miniaturized microelectronics is restraining the growth of the market. Additionally, stringent government regulations are another hurdle in the development of the market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Ingestible Sensors Market by Sensor Type
- Temperature Sensor
- Pressure Sensor
- pH Sensor
- Image Sensor
Global Ingestible Sensors Market by Application
- Medical
- Sports & Fitness
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Capsovision, Inc.
- General Electric (GE) Group
- HQ, Inc.
- Intuitive Surgical, Inc.
- Jinshan Science & Technology (Group) Co., Ltd.
- Karl Storz GmbH & Co.
- MC10, Inc.
- Medtronic PLC
- Olympus Corp.
- Proteus Digital Health, Inc.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global ingestible sensors market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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