Ingestible Sensors Market by Component and Geography - Forecast and Analysis 2022-2026

The ingestible sensors market share is expected to increase by USD 782.49 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 19.01%.

This ingestible sensors market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers ingestible sensors market segmentations by component (sensors, data recorders, and software) and geography (North America, Europe, Asia, and Rest of World (ROW)). The ingestible sensors market report also offers information on several market vendors, including AdhereTech LLC, Atmo Biosciences Ltd, CapsoVision Inc., CheckCap Ltd, etectRx, General Electric Co., HQ Inc, IntroMedic Co. Ltd., Jinshan Science and Technology Group Co. Ltd., KARL STORZ SE and Co. KG, Medidata Solutions Inc., Medtronic Plc, Olympus Corp., Otsuka Pharmaceutical Co. Ltd., and RF Co. Ltd. among others.

What will the Ingestible Sensors Market Size be During the Forecast Period?

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Ingestible Sensors Market: Key Drivers, Trends, and Challenges

The growing prevalence of chronic disorders is notably driving the ingestible sensors market growth, although factors such as stringent government regulations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the ingestible sensors industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Ingestible Sensors Market Driver

The growing prevalence of chronic disorders is one of the key factors driving the ingestible sensors market growth. The incidences of new cancer cases have increased consistently over the years. In line with this, the increasing prevalence of chronic conditions, such as cancer, cardiovascular diseases, and neurological diseases, is expected to trigger surgical procedures, thereby increasing the demand for ingestible sensors. Furthermore, the prevalence of cardiovascular and cancer disorders is rising globally. For instance, the increasing prevalence of other chronic conditions, such as cardiovascular diseases and neurological disorders, will augment the demand for ingestible sensors during the forecast period.

Key Ingestible Sensors Market Trend

The growing demand for sensor-enabled pills is one of the key ingestible sensors market trends fueling the market growth. The market is expanding continuously as regulatory bodies such as the US Food and Drug Administration (FDA) are promoting the development of digital technologies that can guide the safe and effective use of medicines to help patients improve their health. For instance, in sensor-enabled pills, trace amounts of minerals naturally occurring in the body are added to each capsule. Such sensor-enabled pills are increasingly gaining traction as they have the potential to significantly improve medication adherence, measure the effects of medications in real time, cure diseases, and reduce the cost of treatments resulting from inpatient care and medical bills. Such factors will positively impact the market growth in the coming years.

Key Ingestible Sensors Market Challenge

Stringent government regulations is one of the factors hindering the ingestible sensors market growth. Operating standards and regulations to improve the quality, safety, and efficacy of sensor-based devices are increasingly being updated. Sensor-based healthcare devices must comply with regulations to ensure that they are electrically, chemically, biologically, and physically safe for patient use. The degree of regulation required depends on the level of risk associated with the device. Also, sensor-based devices are subjected to radio, industry, quality, and clinical standards. Thus, stringent regulations discourage vendors from offering such products due to compliance requirements, posing a challenge to the market during the forecast period.

This ingestible sensors market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global ingestible sensors market as a part of the global healthcare technology market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the ingestible sensors market during the forecast period.

Who are the Major Ingestible Sensors Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• AdhereTech LLC
• Atmo Biosciences Ltd
• CapsoVision Inc.
• CheckCap Ltd
• etectRx
• General Electric Co.
• HQ Inc
• IntroMedic Co. Ltd.
• Jinshan Science and Technology Group Co. Ltd.
• KARL STORZ SE and Co. KG
• Medidata Solutions Inc.
• Medtronic Plc
• Olympus Corp.
• Otsuka Pharmaceutical Co. Ltd.
• RF Co. Ltd.

 

This statistical study of the ingestible sensors market encompasses successful business strategies deployed by the key vendors. The ingestible sensors market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• jinshangroup.com - Through the carrier segment, the company offers a series of products, services, and business solutions encompassing wireless network, fixed network, cloud core network, carrier software, IT infrastructure, network energy, professional services, and network rollout services for global telecom carriers.
• jinshangroup.com - The company offers telecom operations management that includes Huawei BSS Managed Services Operation, Service Delivery Management services, Service Desk, Business Operation Services, and Application Management Services.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The ingestible sensors market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Ingestible Sensors Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the ingestible sensors market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for the Ingestible Sensors Market?

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40% of the market’s growth will originate from North America during the forecast period. The US is the key market for the ingestible sensors market in North America. Market growth in this region will be slower than the growth of the market in Asia.

The adoption of extensive medical applications and the availability of sophisticated infrastructure will facilitate the ingestible sensors market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 severely affected the regional market growth. However, in 2021, the demand for ingestible sensors rebounded as manufacturing units of ingestible sensors reopened. Also, the number of hospitals and surgical centers is expected to increase during the forecast period, which will drive the growth of the market during the forecast period.

What are the Revenue-generating Component Segments in the Ingestible Sensors Market?

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The ingestible sensors market share growth by the sensors segment will be significant during the forecast period. Sensors are available in various shapes, sizes, pressure ranges, and resolutions to meet specific application requirements. Currently, the global ingestible sensors market is witnessing significant investments by several companies due to the increasing number of chronic diseases across the world. Thus, the increase in the number of end-users opting for medical devices with sensors for diagnosing health conditions will drive the rapid growth of the market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the ingestible sensors market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Ingestible Sensors Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 19.01%
Market growth 2022-2026	$ 782.49 million
Market structure	Concentrated
YoY growth (%)	18.5
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 40%
Key consumer countries	US, Germany, UK, France, and China
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	AdhereTech LLC, Atmo Biosciences Ltd, CapsoVision Inc., CheckCap Ltd, etectRx, General Electric Co., HQ Inc, IntroMedic Co. Ltd., Jinshan Science and Technology Group Co. Ltd., KARL STORZ SE and Co. KG, Medidata Solutions Inc., Medtronic Plc, Olympus Corp., Otsuka Pharmaceutical Co. Ltd., and RF Co. Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Ingestible Sensors Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive ingestible sensors market growth during the next five years
• Precise estimation of the ingestible sensors market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the ingestible sensors industry across North America, Europe, Asia, and Rest of World (ROW)
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of ingestible sensors market vendors

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