Home > Healthcare > Medical Devices > Diagnostic Devices > Ingestible Sensors Market

Ingestible Sensors Market Size

  • Report ID: GMI8688
  • Published Date: Mar 2024
  • Report Format: PDF

Ingestible Sensors Market Size

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.

 

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.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Ingestible sensors market size was USD 849.7 million in 2023 and is expected to register 9.2% CAGR from 2024-2032 owing to the growing shift towards preventive healthcare, increase in R&D activities and investments, and supportive regulatory guidelines worldwide.

The sensors segment recorded USD 459.4 million in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to increasing prevalence of chronic diseases and the growing demand for personalized healthcare solutions.

North America ingestible sensors industry reached USD 355.6 million in 2023 due to growing awareness among consumers, about the benefits of digital health technologies, including ingestible sensors, for personalized healthcare and wellness management in the region.

BodyCAP, CapsoVision, Inc., Check-Cap, etectRx, IntroMedic, JINSHAN Science & Technology, Koninklijke Philips N.V., Medtronic plc, Olympus Corporation, and Otsuka Holdings Co., Ltd., are some of the major ingestible sensors companies worldwide.

Ingestible Sensors Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 248
  • Countries covered: 22
  • Pages: 140
 Download Free Sample