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Ingestible sensor market will reach at an estimated value of USD 5081.55 million and grow at a CAGR of 21.50% in the forecast period of 2021 to 2028. Rising technological advancement in the sensors acts as an essential factor driving the ingestible sensor market.
Ingestible sensor is defined as a critical healthcare technology that positively impacts numerous clinical areas such as nutrition, health, and fitness. They are interactive devices that are used for medical analysis of the human body and these sensors come in a user-friendly design and have non-invasive applications, which attract patients. Ingestible sensors wearable patches or pills which monitor and diagnose the health of a patient and display the report on a smartphone connected via the Internet. These patches or pills comprises of video chips, lens, systems or software chips, and data antennas which enable real-time health monitoring.
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Increase in the prevalence of chronic conditions and life-threatening diseases, and perpetual health issues acts as a crucial factor accelerating the market growth, also rising growth in population and increase in expenditure on smart devices to enhance lifestyle, rise in the initiatives by government to improve healthcare education, increase in awareness towards health concerns, rising aging population, rising lifestyle-related diseases and better visualization and favorable reimbursement are the major factors among others boosting the ingestible sensor market. Moreover, rising emerging markets and modernization of healthcare infrastructure and rising research and development activities in the market will further create new opportunities for ingestible sensor market in the forecast period mentioned above.
However, rising technical and clinical issues and high cost of technology are the major factors among others restraining the market growth, while rising need for advancement in healthcare informatics and increasing regulatory mandates and standards will further challenge the ingestible sensor market in the forecast period mentioned above.
Ingestible Sensor Market Scope and Segmentation:
Ingestible sensor market is segmented on the basis of component, sensor and vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, ingestible sensor market is segmented into sensor, wearable patch/ data recorder, and software.
- Based on sensor, the ingestible sensor market is segmented into temperature sensor, pressure sensor, pH sensor and image sensor.
- The ingestible sensor market is also segmented on the basis of vertical into medical and sports & fitness.
Ingestible Sensor Market Country Level Analysis
- North America (United States, Canada & Mexico)
- Asia-Pacific (Japan, China, India, Southeast Asian Countries & Australia etc.)
- Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands & Belgium etc.)
- Central & South America (Brazil, Argentina, LATAM etc.)
- Middle East & Africa (United Arab Emirates, Qatar, Saudi Arabia, Israel & South Africa etc.)
Leading Key Players Operating in the Ingestible Sensor Market Includes:
The major players covered in ingestible sensor market report are CapsoVision, Inc., MEDTRONIC, HQ, Inc, MC10, Medimetrics Personalized Drug Delivery B.V, DARÉ BIOSCIENCE, Olympus Corporation, Oracle and Atmo Biosciences, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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The Ingestible Sensor Market research covers a comprehensive analysis of the following facts:
- Historical and future projections of the Ingestible Sensor Market
- Categorization of the Ingestible Sensor Market to highlight the growth opportunities and trends influencing these segments
- Varying consumption pattern of customers in various regions
- Geographic analysis in terms of growth outlook, Ingestible Sensor Market share, and major countries
- Product launches, partnerships, mergers and acquisitions, and research and development projects of different Ingestible Sensor Market players
Table of Content:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SIZING
PART 07: FIVE FORCES ANALYSIS
PART 08: MARKET SEGMENTATION BY PRODUCT
PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
PART 10: CUSTOMER LANDSCAPE
PART 11: MARKET SEGMENTATION BY END-USER
PART 12: REGIONAL LANDSCAPE
PART 13: DECISION FRAMEWORK
PART 14: DRIVERS AND CHALLENGES
PART 15: MARKET TRENDS
PART 16: COMPETITIVE LANDSCAPE
PART 17: COMPANY PROFILES
PART 18: APPENDIX
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