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Ingestible Sensors Market by Component (Sensors, Wearable patch/Data recorder, Software), by Application (Medical, Sports and fitness), by End-use (Hospitals and clinics, Sports and fitness centers, Pharmaceutical companies, Other end-users), by North America (U.S., Canada), by Europe (Germany, UK, France, Italy, Spain, Rest of Europe), by Asia Pacific (China, Japan, India, Australia, South Korea, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Argentina, Rest of Latin America), by Middle East and Africa (Saudi Arabia, South Africa, UAE, Rest of Middle East and Africa) Forecast 2025-2033
The size of the Ingestible Sensors market was valued at USD XXX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 9.2% during the forecast period.Ingestible sensors are miniaturized swallowable devices which can monitor the body's internal activity and transmit it outside. Ingestible sensors measure parameters such as pH, temperature, and pressure within the gastrointestinal tract. When swallowed, the sensor travels throughout the gastrointestinal tract collecting real-time information that can be transmitted through a wireless source to an external device. This technology, then, might well be a game changer for healthcare services: noninvasive and continuous monitoring of the health condition of patients leads to early diagnoses and improves effectiveness of treatments.
The ingestible sensors market is highly concentrated, with a few major players accounting for a significant share of the market. The market is characterized by innovation, with key players continuously developing and launching new products. Regulations play a crucial role in the market, as ingestible sensors are considered medical devices and must meet stringent safety and efficacy standards. Product substitutes, such as traditional endoscopes and imaging techniques, also impact the market. The market is expected to see a higher level of mergers and acquisitions (M&A) activity as companies seek to expand their product portfolios and geographic reach.
The ingestible sensors market report provides a comprehensive analysis of the market, including market size, market share, and growth forecasts. The report also covers key market trends, drivers, and challenges. Additionally, the report provides detailed insights into the competitive landscape, including company profiles, product portfolios, and market shares of leading players.
The ingestible sensors market is expected to grow steadily over the forecast period. The market is driven by the increasing demand for minimally invasive procedures, the growing adoption of ingestible sensors in healthcare, and the increasing awareness of the benefits of ingestible sensors. The market growth is expected to be supported by technological advancements and regulatory approvals.
October 2023: BodyCAP, a French medical technology company, received U.S. FDA approval for its 'eCelsius Medical System' a connected ingestible thermometer, in the U.S. This development may help the company in expanding its product portfolio and improve its customer reach in the country.
1. Component
2. Application
3. End-use
1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Middle East and Africa
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 9.2% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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