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Ingestible Sensors Market size was valued at USD 849.7 million in 2023 and is expected to reach USD 1.9 billion by 2032 at a CAGR of 9.2% from 2024 to 2032. Growing shift towards preventive healthcare, increase in R&D activities and investments, and supportive regulatory guidelines are among the key factors propelling the market expansion.
Gastrointestinal disorders necessitate ongoing monitoring of physiological parameters like pH levels, temperature, and gastrointestinal pressure to evaluate disease severity, treatment efficacy, and disease progression. Ingestible sensors present non-intrusive and convenient avenues for diagnosing gastrointestinal disorders, furnishing real-time insights into gastric motility, acid reflux, and bowel movement patterns. This enables prompt diagnosis and tailored treatment interventions. The increase in awareness levels, coupled with supportive government policies, plays a pivotal role in advancing early disease diagnosis mechanisms.
For example, in September 2022, the American Gastroenterological Association (AGA) launched Trust Your Gut, an awareness campaign, aimed at making people well informed about bowel symptoms to promote early diagnosis of related disorders. Such initiatives will further boost the awareness levels, thereby contributing to industry growth.
Report Attribute | Details |
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Base Year: | 2023 |
Ingestible Sensors Market Size in 2023: | USD 849.7 Million |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 9.2% |
2032 Value Projection: | USD 1.9 Billion |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 140 |
Tables, Charts & Figures: | 248 |
Segments covered: | Component, Application, End-use, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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Ingestible sensors are typically small, electronic devices that can be swallowed or ingested by an individual to collect specific physiological data from within the body and transmit it to an external receiver or device for analysis. They are primarily used in healthcare for various applications such as medical diagnostics, disease monitoring, drug delivery tracking, and personalized health management.