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Global Ingestible Sensor Market to reach USD 1873.86 million by the end of 2030.

Global Ingestible Sensor Market Size study & Forecast, by Component (Sensor, Wearable Patch/Data Recorder, Software), by Sensor Type (Temperature Sensor, Pressure Sensor, pH Sensor, Image Sensor), by Vertical (Medical, Sports and Fitness, Others) and Regional Analysis, 2023-2030

Product Code: ENGE-70729809
Publish Date: 20-10-2023
Page: 200

Global Ingestible Sensor Market is valued at approximately USD 819 million in 2022 and is anticipated to grow with a healthy growth rate of more than 10.90% over the forecast period 2023-2030. An ingestible sensor is a small electronic device that is designed to be swallowed and pass through the digestive system, collecting data or performing specific functions within the body. These sensors are typically made of biocompatible materials and are designed to be easily ingested without causing harm or discomfort to the individual. The Ingestible Sensor market is expanding because of factors such as the increasing rate of chronic diseases and rising demand for Diagnostic Imaging Devices. The primary purpose of ingestible sensors is to visualize and diagnose conditions in the gastrointestinal system without the need for invasive procedures such as endoscopy or colonoscopy. Its importance has progressively increased during the forecast period 2023-2030.

Ingestible Sensor provides real-time insights into various physiological parameters, medication adherence, and treatment effectiveness, empowering healthcare professionals with valuable information to tailor personalized care plans. According to International Agency for Research on Cancer, the number of new cases of Colon Cancer from 1.15 million in 2020 and is projected to reach up to 1.30 million by 2025. Furthermore, in 2020, there are an estimated 104,610 new cases of colon cancer and 43,340 cases of rectal cancer diagnosed in the United States. Another important factor that drives the Ingestible Sensor market is the increasing demand for Diagnostic Imaging Devices. These devices typically consist of a tiny camera or sensor, a power source, and a wireless transmitter. As they traverse the GI tract, they capture images or collect data on various parameters, such as pH levels, temperature, or pressure. In addition, as per Statista, the Diagnostic Imaging Devices market is projected to reach USD 48.65 billion in 2023. Moreover, rising healthcare awareness and growing demand for the Internet of Things in the healthcare industry are anticipated to create a lucrative growth opportunity for the market over the forecast period. However, stringent government regulations and the high cost associated with Ingestible Sensor stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Ingestible Sensor Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the technological advancements and strategic presence of key manufacturers and increasing research to use of smart pills for the management of chronic and gastrointestinal diseases in the region. Furthermore, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as an increase in healthcare expenditure and a rise in chronic diseases in the region.

Major market player included in this report are:
Proteus Digital Health, Inc
HQ, Inc
Olympus Corporation
Medimetrics Personalized Drug Delivery B.V
Otsuka Holdings Co., Ltd
Medtronic plc
IntroMedic Co., Ltd
JINSHAN Science & Technology
Check-Cap Ltd

Recent Developments in the Market:
Ø In February 2023, Engineers at MIT and Caltech demonstrated an ingestible sensor whose location can be tracked as it moves through the digestive tract, a breakthrough that could help doctors diagnose gastrointestinal motility disorders such as constipation, gastroesophageal reflux disease, and gastroparesis easily.
Global Ingestible Sensor Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Component, Sensor Type, Vertical, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component
Wearable Patch/Data Recorder

By Sensor Type
Temperature Sensor
Pressure Sensor
pH Sensor
Image Sensor

By Vertical
Sports And Fitness

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Market, by Region, 2020-2030 (USD Million)
1.2.2. Ingestible Sensor Market, by Component, 2020-2030 (USD Million)
1.2.3. Ingestible Sensor Market, by Sensor Type, 2020-2030 (USD Million)
1.2.4. Ingestible Sensor Market, by Vertical, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Ingestible Sensor Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Ingestible Sensor Market Dynamics
3.1. Ingestible Sensor Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing rate of chronic diseases Rising demand for the Diagnostic Imaging Devices
3.1.2. Market Challenges Stringent government regulations High cost associated with Ingestible Sensor
3.1.3. Market Opportunities Rising healthcare awareness Growing demand for Internet of Things in the healthcare industry
Chapter 4. Global Ingestible Sensor Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Ingestible Sensor Market, by Component
5.1. Market Snapshot
5.2. Global Ingestible Sensor Market by Component, Performance – Potential Analysis
5.3. Global Ingestible Sensor Market Estimates & Forecasts by Component 2020-2030 (USD Million)
5.4. Ingestible Sensor Market, Sub Segment Analysis
5.4.1. Sensor
5.4.2. Wearable Patch/Data Recorder
5.4.3. Software
Chapter 6. Global Ingestible Sensor Market, by Sensor Type
6.1. Market Snapshot
6.2. Global Ingestible Sensor Market by Sensor Type, Performance – Potential Analysis
6.3. Global Ingestible Sensor Market Estimates & Forecasts by Sensor Type 2020-2030 (USD Million)
6.4. Ingestible Sensor Market, Sub Segment Analysis
6.4.1. Temperature Sensor
6.4.2. Pressure Sensor
6.4.3. pH Sensor
6.4.4. Image Sensor
Chapter 7. Global Ingestible Sensor Market, by Vertical
7.1. Market Snapshot
7.2. Global Ingestible Sensor Market by Vertical, Performance – Potential Analysis
7.3. Global Ingestible Sensor Market Estimates & Forecasts by Vertical 2020-2030 (USD Million)
7.4. Ingestible Sensor Market, Sub Segment Analysis
7.4.1. Medical
7.4.2. Sports And Fitness
7.4.3. Others
Chapter 8. Global Ingestible Sensor Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Ingestible Sensor Market, Regional Market Snapshot
8.4. North America Ingestible Sensor Market
8.4.1. U.S. Ingestible Sensor Market Component breakdown estimates & forecasts, 2020-2030 Sensor Type breakdown estimates & forecasts, 2020-2030 Vertical breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Ingestible Sensor Market
8.5. Europe Ingestible Sensor Market Snapshot
8.5.1. U.K. Ingestible Sensor Market
8.5.2. Germany Ingestible Sensor Market
8.5.3. France Ingestible Sensor Market
8.5.4. Spain Ingestible Sensor Market
8.5.5. Italy Ingestible Sensor Market
8.5.6. Rest of Europe Ingestible Sensor Market
8.6. Asia-Pacific Ingestible Sensor Market Snapshot
8.6.1. China Ingestible Sensor Market
8.6.2. India Ingestible Sensor Market
8.6.3. Japan Ingestible Sensor Market
8.6.4. Australia Ingestible Sensor Market
8.6.5. South Korea Ingestible Sensor Market
8.6.6. Rest of Asia Pacific Ingestible Sensor Market
8.7. Latin America Ingestible Sensor Market Snapshot
8.7.1. Brazil Ingestible Sensor Market
8.7.2. Mexico Ingestible Sensor Market
8.8. Middle East & Africa Ingestible Sensor Market
8.8.1. Saudi Arabia Ingestible Sensor Market
8.8.2. South Africa Ingestible Sensor Market
8.8.3. Rest of Middle East & Africa Ingestible Sensor Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Proteus Digital Health, Inc Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. HQ, Inc
9.3.3. Olympus Corporation
9.3.4. Medimetrics Personalized Drug Delivery B.V
9.3.5. CapsoVision
9.3.6. Otsuka Holdings Co., Ltd
9.3.7. Medtronic plc
9.3.8. IntroMedic Co., Ltd
9.3.9. JINSHAN Science & Technology
9.3.10. Check-Cap Ltd
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
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Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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