Ingestible Sensors Market - By Component (Sensors {Temperature Sensor, Pressure Sensor, pH Sensor, Image Sensor}, Wearable Patch/Data Recorder, Software), Application (Medical, Sports and Fitness), End-use (Hospitals & Clinics) - Global Forecast, 2024 - 2032
Ingestible Sensors Market size is estimated to depict 9.2% CAGR from 2024 to 2032. The increasing prevalence of chronic diseases and the rising need for real-time patient monitoring is driving the demand for ingestible sensors for remote health monitoring. As per the American Health Association, an estimated 133 million Americans are suffering from at least one chronic illness. Increasing prevalence of chronic conditions is accelerating the demand for these sensors. Groundbreaking innovations in sensor technology, such as miniaturization and improved biocompatibility are enhancing sensor performance and patient comfort.
The rising adoption of digital health solutions and telemedicine are further increasing the product deployment. The launch of supportive regulatory initiatives, investments in R&D and collaborations between pharmaceutical companies and technology firms are also positioning ingestible sensors as essential tools in modern healthcare.
The overall industry is segregated into component, application, end-use, and region.
Based on component, the ingestible sensors market from the software segment is estimated to record 8.8% CAGR from 2024 to 2032. This is owing to the increasing demand for data analytics, remote monitoring, and integration with electronic health record (EHR) systems. Software plays a crucial role in processing and analyzing the data collected by ingestible sensors, providing insights into patient health, and enabling healthcare providers to make informed decisions. Significant advances in AI and ML algorithms for enhancing the functionality and predictive capabilities will drive the segment growth.
Based on application, the sports and fitness application segment of the ingestible sensors industry will witness 9.5% CAGR through 2032, driven by factors, such as increasing emphasis on personalized fitness tracking, performance optimization, and athlete monitoring. Ingestible sensors provide real-time data on hydration levels, nutrient absorption, and physiological parameters, enabling athletes and fitness enthusiasts to tailor their training regimes, improve performance, and prevent injuries.
Regionally, the Asia Pacific ingestible sensors market is estimated to grow at 10.5% rate between 2024 and 2032, on account of the increasing healthcare expenditure, rising prevalence of chronic diseases, and growing adoption of digital health technologies. The advancements in sensor technologies and supportive government initiatives in APAC are promoting digital healthcare. The improving healthcare infrastructure and rising awareness about preventive healthcare measures are also driving the product deployment across the region.
- Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
- 1.3 Base estimates & calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
- 1.4 Forecast model
- 1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources
- Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.1.1 Increasing prevalence of gastrointestinal disorders
- 3.2.1.2 Technological advancements in products
- 3.2.1.3 Rising awareness about personalized healthcare
- 3.2.1.4 Increase in R&D activities and investments
- 3.2.2 Industry pitfalls & challenges
- 3.2.2.1 High cost and clinical concerns
- 3.3 Growth potential analysis
- 3.4 Porter's analysis
- 3.5 PESTEL analysis
- 3.6 Future market trends
- 3.7 Regulatory landscape
- 3.8 Reimburesemnt scenario
- 3.9 Technological landscape
- Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company matrix analysis
- 4.3 Company market share analysis
- 4.4 Competitive positioning matrix
- 4.5 Strategy dashboard
- Chapter 5 Market Estimates and Forecast, By Component, 2021 - 2032 ($ Mn)
- 5.1 Key trends
- 5.2 Sensors
- 5.2.1 Temperature sensor
- 5.2.2 Pressure sensor
- 5.2.3 pH sensor
- 5.2.4 Image sensor
- 5.3 Wearable patch/Data recorder
- 5.4 Software
- Chapter 6 Market Estimates and Forecast, By Application, 2021 - 2032 ($ Mn)
- 6.1 Key trends
- 6.2 Medical
- 6.3 Sports and fitness
- Chapter 7 Market Estimates and Forecast, By End-Use, 2021 - 2032 ($ Mn)
- 7.1 Key trends
- 7.2 Hospitals and clinics
- 7.3 Sports and fitness centers
- 7.4 Pharmaceutical companies
- 7.5 Other end-users
- Chapter 8 Market Estimates and Forecast, By Region, 2021 - 2032 ($ Mn)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 Japan
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 South Korea
- 8.4.6 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
- 8.6 Middle East and Africa
- 8.6.1 Saudi Arabia
- 8.6.2 South Africa
- 8.6.3 UAE
- 8.6.4 Rest of Middle East and Africa
- Chapter 9 Company Profiles
- 9.1 BodyCAP
- 9.2 CapsoVision, Inc.
- 9.3 Check-Cap
- 9.4 etectRx
- 9.5 IntroMedic
- 9.6 JINSHAN Science & Technology
- 9.7 Koninklijke Philips N.V.
- 9.8 Medtronic plc
- 9.9 Olympus Corporation
- 9.10 Otsuka Holdings Co., Ltd.
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