Ingestible Sensor Market Research Report - Global Forecast to 2027

Ingestible Sensor Market Research Report By Component (Sensor, Wearable Patch/ Data Recorder and Software), Sensor (Temperature Sensor, Pressure Sensor, pH Sensor and Image Sensor) and Vertical (Medical and Sports & Fitness) — Global Forecast till 2027

ID: MRFR/SEM/5232-HCR | February, 2021 | Region : Global

Market Scenario


Ingestible sensor is a critical healthcare technology which positively impacts various clinical areas such as health, nutrition, and fitness. They are interactive devices which are used for medical analysis of the human body. These sensors come in a user-friendly design and have non-invasive applications, which attract patients. Ingestible sensors are pills or wearable patches which monitor and diagnose the health of a patient and display the report on a smartphone connected via the Internet. These pills or patches include video chips, lens, systems or software chips, and data antennas which enable real-time health monitoring. Furthermore, ingestible sensors include capsule endoscopy including controlled drug delivery by gathering images and monitoring individual luminal fluids.


Market Research Future anticipates the maturity of the global ingestible sensor market with a CAGR of 21.36% valued at USD 14,365.12 billion owing to the advent of medication adherence. It is presumed that the extensive use of medical applications coupled with technology is fueling the growth of the ingestible sensor market over the forecast period. Concerns related to overcrowded waiting rooms in hospitals and unaffordable health insurance is leading to the extensive utilization of medical technology. It gives rise to real-time health monitoring and diagnosis. Modernization of healthcare infrastructure is efficiently transforming the medical system, giving rise to enhanced patient care even in remote locations, with improved public health, and ease of workflow. However, high cost of smart pill technology has led to the limited utilization of medical sensors in underdeveloped countries is expected to hamper the growth of the ingestible sensors market over the assessment period. 


The Global Ingestible Sensor Market, 2019–2026 (USD Billion)


Ingestible Sensor Market


The global ingestible sensor market is expected to reach USD 14,365.12 billion growing at 21.36% CAGR over the forecast period 2019–2026.


Key Players


The prominent players in the ingestible sensor market are RF Co. Ltd. (Japan), Proteus Digital Health (US), CapsoVision Inc. (US), Medtronic (US), Olympus Corporation (Japan), IntroMedic Co. Ltd. (South Korea), MC10 (US), Otsuka Holdings (Japan), AdhereTech (US) and Microchips Biotech Inc. (US).


These prominent players deliver a wide range of specialized components and solutions for the medical industry. 


Segmentation


The ingestible sensor market is segmented on the basis of component, vertical, application, and region. These segments are further sub-segmented into the following:


By component, the ingestible sensor market is segmented into sensor, wearable patch/ data recorder, and software. By sensor the market is further segmented into temperature sensors, pressure sensors, pH sensors, and image sensors.


By vertical, this market is segmented into medical and sports & fitness.


By region, North America, Europe, Asia-Pacific, and the rest of the world are the global segments.


Regional Analysis


The regional analysis of ingestible sensor market is considered for North America, Europe, Asia-Pacific, and the rest of the world.


The advent of new technology is driving the growth of the ingestible sensor market across all global segments. North America is expected to dominate the market with the largest market share, owing to the adoption of extensive medical applications. The US, Canada, and Mexico are a few prominent countries in the region, with regard to technological advancements and increasing adoption of Internet of Things (IoT) in healthcare as it enables the monitoring, controlling, and tracking of daily routine including medicine intake using the internet. IoT in healthcare is witnessed to be a new wave of digital medication. Leading providers and system integrators of ingestible sensors in the US are Med-XS Solutions Inc., Proteus Digital Health, CapsoVision Inc., Medtronic, and others. The key players are enhancing advanced technological architecture and providing real-time diagnosis. Asia-Pacific is expected to be the fastest growing region in the market, due to the vast consumer base in China, Japan, and India. Europe is expected to show positive growth during the forecast period owing to encouragement from the government.


Target Audience



  • Pharmaceutical companies

  • Sports institutes

  • Government bodies

  • Healthcare providers

  • Diagnostic centers

  • Healthcare researchers

  • Medical councils

  • Physical fitness researchers

  • Fitness institutes

  • Healthcare and medical counselors

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.1.5 Bargaining power of suppliers

4.2 Value Chain/Supply Chain of Ingestible Sensor Market

5 Industry Overview of Ingestible Sensor Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Ingestible Sensor Market by Component

7.1 Introduction

7.2 Sensor

7.2.1 Market Estimates & Forecast, 2020–2027

7.2.2 Market Estimates & Forecast by Region, 2020–2027

7.2.3 Temperature Sensor

7.2.3.1 Market Estimates & Forecast, 2020–2027

7.2.3.2 Market Estimates & Forecast by Region, 2020–2027

7.2.4 Pressure Sensor

7.2.4.1 Market Estimates & Forecast, 2020–2027

7.2.4.2 Market Estimates & Forecast by Region, 2020–2027

7.2.5 pH Sensor

7.2.5.1 Market Estimates & Forecast, 2020–2027

7.2.5.2 Market Estimates & Forecast by Region, 2020–2027

7.2.6 Image Sensor

7.2.6.1 Market Estimates & Forecast, 2020–2027

7.2.6.2 Market Estimates & Forecast by Region, 2020–2027

7.3 Wearable Patch/ Data Recorder

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast by Region, 2020–2027

7.4 Software

7.4.1 Market Estimates & Forecast, 2020–2027

7.4.2 Market Estimates & Forecast by Region, 2020–2027

8. Ingestible Sensor Market by Vertical

8.1 Introduction

8.2 Medical

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast by Region, 2020–2027

8.3 Sports & Fitness

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast by Region, 2020–2027

9. Ingestible Sensor Market by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020–2027

9.2.2 Market Estimates & Forecast by Component, 2020–2027

9.2.3 Market Estimates & Forecast by Vertical, 2020–2027

9.2.4 Market Estimates & Forecast by Application, 2020–2027

9.2.5 US

9.2.5.1 Market Estimates & Forecast, 2020–2027

9.2.5.2 Market Estimates & Forecast by Component, 2020–2027

9.2.5.3 Market Estimates & Forecast by Vertical, 2020–2027

9.2.5.4 Market Estimates & Forecast by Application, 2020–2027

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, 2020–2027

9.2.6.2 Market Estimates & Forecast by Component, 2020–2027

9.2.6.3 Market Estimates & Forecast by Vertical, 2020–2027

9.2.6.4 Market Estimates & Forecast by Application, 2020–2027

9.2.7 Mexico

9.2.7.1 Market Estimates & Forecast, 2020–2027

9.2.7.2 Market Estimates & Forecast by Component, 2020–2027

9.2.7.3 Market Estimates & Forecast by Vertical, 2020–2027

9.2.7.4 Market Estimates & Forecast by Application, 2020–2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020–2027

9.3.2 Market Estimates & Forecast by Component, 2020–2027

9.3.3 Market Estimates & Forecast by Vertical, 2020–2027

9.3.4 Market Estimates & Forecast by Application, 2020–2027

9.3.5 Germany

9.3.5.1 Market Estimates & Forecast, 2020–2027

9.3.5.2 Market Estimates & Forecast by Component, 2020–2027

9.3.5.3 Market Estimates & Forecast by Vertical, 2020–2027

9.3.5.4 Market Estimates & Forecast by Application, 2020–2027

9.3.6 France

9.3.6.1 Market Estimates & Forecast, 2020–2027

9.3.6.2 Market Estimates & Forecast by Component, 2020–2027

9.3.6.3 Market Estimates & Forecast by Vertical, 2020–2027

9.3.6.4 Market Estimates & Forecast by Application, 2020–2027

9.3.7 Italy

9.3.7.1 Market Estimates & Forecast, 2020–2027

9.3.7.2 Market Estimates & Forecast by Component, 2020–2027

9.3.7.3 Market Estimates & Forecast by Vertical, 2020–2027

9.3.7.4 Market Estimates & Forecast by Application, 2020–2027

9.3.8 Spain

9.3.8.1 Market Estimates & Forecast, 2020–2027

9.3.8.2 Market Estimates & Forecast by Component, 2020–2027

9.3.8.3 Market Estimates & Forecast by Vertical, 2020–2027

9.3.8.4 Market Estimates & Forecast by Application, 2020–2027

9.3.9 UK

9.3.9.1 Market Estimates & Forecast, 2020–2027

9.3.9.2 Market Estimates & Forecast by Component, 2020–2027

9.3.9.3 Market Estimates & Forecast by Vertical, 2020–2027

9.3.9.4 Market Estimates & Forecast by Application, 2020–2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2020–2027

9.4.2 Market Estimates & Forecast by Component, 2020–2027

9.4.3 Market Estimates & Forecast by Vertical, 2020–2027

9.4.4 Market Estimates & Forecast by Application, 2020–2027

9.4.5 China

9.4.5.1 Market Estimates & Forecast, 2020–2027

9.4.5.2 Market Estimates & Forecast by Component, 2020–2027

9.4.5.3 Market Estimates & Forecast by Vertical, 2020–2027

9.4.5.4 Market Estimates & Forecast by Application, 2020–2027

9.4.6 India

9.4.6.1 Market Estimates & Forecast, 2020–2027

9.4.6.2 Market Estimates & Forecast by Component, 2020–2027

9.4.6.3 Market Estimates & Forecast by Vertical, 2020–2027

9.4.6.4 Market Estimates & Forecast by Application, 2020–2027

9.4.7 Japan

9.4.7.1 Market Estimates & Forecast, 2020–2027

9.4.7.2 Market Estimates & Forecast by Component, 2020–2027

9.4.7.3 Market Estimates & Forecast by Vertical, 2020–2027

9.4.7.4 Market Estimates & Forecast by Application, 2020–2027

9.4.8 Rest of Asia-Pacific

9.4.8.1 Market Estimates & Forecast, 2020–2027

9.4.8.2 Market Estimates & Forecast by Component, 2020–2027

9.4.8.3 Market Estimates & Forecast by Vertical, 2020–2027

9.4.8.4 Market Estimates & Forecast by Application, 2020–2027

9.5 Rest of the World

9.5.1 Market Estimates & Forecast, 2020–2027

9.5.2 Market Estimates & Forecast by Component, 2020–2027

9.5.3 Market Estimates & Forecast by Vertical, 2020–2027

9.5.4 Market Estimates & Forecast by Application, 2020–2027

9.5.5 Middle East & Africa

9.5.5.1 Market Estimates & Forecast by Component, 2020–2027

9.5.5.2 Market Estimates & Forecast by Vertical, 2020–2027

9.5.5.3 Market Estimates & Forecast by Application, 2020–2027

9.5.6 Latin America

9.5.6.1 Market Estimates & Forecast by Component, 2020–2027

9.5.6.2 Market Estimates & Forecast by Vertical, 2020–2027

9.5.6.3 Market Estimates & Forecast by Application, 2020–2027

10. Company Landscape

11. Company Profiles

11.1 RF Co. Ltd.

11.1.1 Company Overview

11.1.2 Product/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 Proteus Digital Health

11.2.1 Company Overview

11.2.2 Product/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 CapsoVision Inc.

11.3.1 Company Overview

11.3.2 Product/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 Medtronic

11.4.1 Company Overview

11.4.2 Product/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 Olympus Corporation

11.5.1 Company Overview

11.5.2 Product/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 MC10

11.6.1 Company Overview

11.6.2 Product/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 Otsuka Holdings

11.7.1 Company Overview

11.7.2 Product/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.8 AdhereTech

11.8.1 Company Overview

11.8.2 Product/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.9 Microchips Biotech Inc.

11.9.1 Company Overview

11.9.2 Product/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.10 IntroMedic Co. Ltd.

11.10.1 Company Overview

11.10.2 Product/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

12 Conclusion


List of Tables

Table 1 Global Ingestible Sensor Market, by Region, 2020–2027

Table 2 North America: Ingestible Sensor Market, by Country, 2020–2027

Table 3 Europe: Ingestible Sensor Market, by Country, 2020–2027

Table 4 Asia-Pacific: Ingestible Sensor Market, by Country, 2020–2027

Table 5 Rest of the World: Ingestible Sensor Market, by Country, 2020–2027

Table 6 Global Ingestible Sensor Type Market, by Component, 2020–2027

Table 7 North America: Ingestible Sensor Type Market, by Component, 2020–2027

Table 8 Europe: Ingestible Sensor Type Market, by Component, 2020–2027

Table 9 Asia-Pacific: Ingestible Sensor Type Market, by Component, 2020–2027

Table10 Rest of the World: Ingestible Sensor Type Market, by Component, 2020–2027

Table11 Global Ingestible Sensor Application Market, by Vertical, 2020–2027

Table12 North America: Ingestible Sensor Application Market, by Vertical, 2020–2027

Table13 Europe: Ingestible Sensor Application Market, by Vertical, 2020–2027

Table14 Asia-Pacific: Ingestible Sensor Application Market, by Vertical, 2020–2027

Table15 Rest of the World: Ingestible Sensor Application Market, by Vertical, 2020–2027

Table16 Global Ingestible Sensor Application Market, by Application, 2020–2027

Table17 North America: Ingestible Sensor Application Market, by Application, 2020–2027

Table18 Europe: Ingestible Sensor Application Market, by Application, 2020–2027

Table19 Asia-Pacific: Ingestible Sensor Application Market, by Application, 2020–2027

Table20 Rest of the World: Ingestible Sensor Application Market, by Application, 2020–2027

Table21 Global Services Market, by Region, 2020–2027

Table22 North America: Ingestible Sensor Market, by Country

Table23 North America: Ingestible Sensor Market, By Component

Table24 North America: Ingestible Sensor Market, By Vertical

Table25 Europe: Ingestible Sensor Market, By Application

LIST OF FIGURES

FIGURE 1 Global Ingestible Sensor Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Ingestible Sensor Market

FIGURE 4 Value Chain of Global Ingestible Sensor Market

FIGURE 5 Share of Ingestible Sensor Market in 2020, by Country (in %)

FIGURE 6 Global Ingestible Sensor Market, 2020–2027,

FIGURE 7 Global Ingestible Sensor Market size by Component, 2020–2027

FIGURE 8 Share of Global Ingestible Sensor Market by Component, (in %)

FIGURE 9 Global Ingestible Sensor Market size by Vertical, 2020–2027

FIGURE 10 Share of Global Ingestible Sensor Market by Vertical, (in %)

FIGURE 11 Global Ingestible Sensor Market size by Application, 2020–2027

FIGURE 12 Share of Global Ingestible Sensor Market by Application, (in %)