Global Ingestible Sensor Market was valued US$ 395.84 Mn in 2019 and is expected to reach US$ 1495.13 Mn by 2027 at a CAGR of 18.07 % during the forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

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Global Ingestible Sensor Market Dynamics:

Growing global geriatric population is leading to the increased adoption of remote health monitoring which boosts the growth of global ingestible sensors market. Rising prevalence of lifestyle-related disorders such as diabetes and obesity further drives the demand for ingestible sensors-embedded “smart pills” for remote patient monitoring, thereby positively impacting the growth of the global ingestible sensors market. High R&D investment to develop innovative healthcare solutions will provide a great opportunity for the expansion of ingestible sensors market during the projected period. However, the high price of these smart pills will hinder their adoption which, in turn, will restrain the growth of ingestible sensors market during the forecast period.

Temperature, pressure, pH, and image are the major sensor types within the ingestible sensors market. In terms of profits, temperature sensors led the type segment in 2019. It is a widely used technique in different verticals such as healthcare and aerospace to measure body temperature in patients and astronauts respectively to detect any drastic temperature changes that might prove fatal if undetected.

Medical vertical is expected to hold the largest share of the market during the forecast period. The medical vertical dominates the overall ingestible sensor market and plays a serious role in it. Ingestible sensor pills enabled with biological micro-electro-mechanical systems (Bio-MEMS), enable effective imaging, patient monitoring, and drug delivery. Thus, the medical industry opens a group of opportunities for ingestible sensors in novel therapeutic and diagnostic treatments for life-threatening diseases.
Global Computational Biology Market Regional Insights:

North America currently dominates the market for ingestible sensors and is expected to continue its stronghold for a few more years. This region is expected to retain its market share in the future because of the increasing number of diseases and rising geriatric population. The United States holds the majority of the market in the North America region; this is due to the presence of reimbursements, high healthcare expenditure, and an increasing focus on preventive care in place of a curative approach. The Asia Pacific region is anticipated to witness the highest CAGR during the forecast period because of increase in healthcare expenditure and rise in chronic diseases. Heavy investments by top companies in R&D are also likely to contribute toward regional growth. Countries like Japan, India and China are expected to lead the region with increasing adoption of these medical devices for diagnostics and therapeutic purposes. Increased cases of lifestyle-related diseases caused by physical inactivity and unhealthy eating habits are also likely to boost product demand in the region.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by type, service, components, and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the ingestible sensor market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
Global Ingestible Sensor Market, Key Highlights:

• Global Ingestible Sensor Market analysis and forecast, in terms of value.

• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Ingestible Sensor Market

• Global Ingestible Sensor Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

• Global Ingestible Sensor Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

• Global Ingestible Sensor Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Ingestible Sensor Market are also profiled.

The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
Scope of Global Ingestible Sensor Market: Inquire before buying

Global Ingestible Sensor Market, By Component

• Sensor
• Data Recorder
• Software
Global Ingestible Sensor Market, By Type

• Temperature
• Pressure
• pH
• Image sensor
Global Ingestible Sensor Market, By Vertical

• Medical
• Sports & Fitness
Global Ingestible Sensor Market, By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Global Ingestible Sensor Market Key Player

• CapsoVision, Inc.
• Given Imaging, Ltd.
• HQ, Inc.
• MC10 Inc.
• Medimetrics Personalized Drug Delivery B.V.
• Microchips Biotech, Inc.
• Olympus Corporation
• Oracle Corporation
• Proteus Digital Health, Inc.
• Medtronic
• RF Co. Ltd.
• IntroMedic Co. Ltd.
• Otsuka Holdings
• AdhereTech
• Oracle
• Check-Cap
• Atmo Biosciences
• etectRx
• LeviFarm S.L.
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