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Ingestible Sensors Market Trends

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

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Ingestible Sensors Market Trends

Ingestible sensor devices with remote monitoring capabilities allow healthcare providers to remotely monitor patient health status, track treatment progress, and intervene proactively in case of abnormalities or emergencies, improving patient care outcomes.

Integration of advanced data analytics algorithms and artificial intelligence (AI) capabilities within ingestible sensor systems allows for real-time data analysis, interpretation, and actionable insights, facilitating personalized healthcare interventions and treatment optimization.
Additionally, continuous advancements in microelectronics and nanotechnology have enabled the miniaturization of ingestible sensor devices, allowing them to be more discreet, comfortable to swallow, and less intrusive within the body.
Further adoption of wireless communication technologies such as Bluetooth Low Energy (BLE) and Near Field Communication (NFC) enables ingestible sensors to wirelessly transmit data to external devices such as smartphones, tablets, or wearable devices in real-time.

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.