Ingestible Sensor Market by Application, Drive Mechanism and Region Forecasts to 2023

An ingestible sensor is a digital pill which is expected to revolutionize the healthcare sector as it delivers high-quality, low-cost medical monitoring, and diagnosis. The sensors provide daily medical assessment, medical adherence, real-time monitoring, internal body images, and many other functions for medical diagnosis and management. Once the Ingestible Sensors Market are swallowed in the form of digital pills, they get activated by electrolytes present within our body. Hence, it is expected that these sensors will positively impact the healthcare industry.

October 2018 - Proteus Digital Health, collaborated with Otsuka Pharmaceutical Co. Ltd. to manufacture digital medicines especially for monitoring mental health. This collaboration enables the advancements in medical products to serve patients suffering from mental illness. Additionally, a few tables are embedded with ingestible sensors such as Ingestible Event Marker (IEM) sensor which is made up of food grains and ingredients.

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Key Players

The prominent players in the ingestible sensor market are RF Co. Ltd. (Japan), Proteus Digital Health (US), CapsoVision Inc. (US), Medtronic (US), Olympus Corporation (Japan), IntroMedic Co. Ltd. (South Korea), MC10 (US), Otsuka Holdings (Japan), AdhereTech (US) and Microchips Biotech Inc. (US).

These prominent players deliver a wide range of specialized components and solutions for the medical industry.

Segmentation

The ingestible sensor market is segmented on the basis of component, vertical, application, and region. These segments are further sub-segmented into the following:

By component, the ingestible sensor market is segmented into sensor, wearable patch/ data recorder, and software. By sensor the market is further segmented into temperature sensors, pressure sensors, pH sensors, and image sensors.

By vertical, this market is segmented into medical and sports & fitness.

By region, North America, Europe, Asia-Pacific, and the rest of the world are the global segments.

Regional Analysis

The regional analysis of ingestible sensor market is considered for North America, Europe, Asia-Pacific, and the rest of the world.

The advent of new technology is driving the growth of the ingestible sensor market across all global segments. North America is expected to dominate the market with the largest market share, owing to the adoption of extensive medical applications. The US, Canada, and Mexico are a few prominent countries in the region, with regard to technological advancements and increasing adoption of Internet of Things (IoT) in healthcare as it enables the monitoring, controlling, and tracking of daily routine including medicine intake using the internet. IoT in healthcare is witnessed to be a new wave of digital medication. Leading providers and system integrators of ingestible sensors in the US are Med-XS Solutions Inc., Proteus Digital Health, CapsoVision Inc., Medtronic, and others. The key players are enhancing advanced technological architecture and providing real-time diagnosis. Asia-Pacific is expected to be the fastest growing region in the market, due to the vast consumer base in China, Japan, and India. Europe is expected to show positive growth during the forecast period owing to encouragement from the government.

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Target Audience

• Pharmaceutical companies
• Sports institutes
• Government bodies
• Healthcare providers
• Diagnostic centers
• Healthcare researchers
• Medical councils
• Physical fitness researchers
• Fitness institutes
• Healthcare and medical counselors

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