Ingestible Sensors Market Size Worth $2,256.57 Million By 2032 | CAGR: 10.7%

Ingestible Sensors Market Size Worth $2,256.57 Million By 2032 | CAGR: 10.7%

The global ingestible sensors market size is expected to reach USD 2,256.57 million by 2032, according to a new study by Polaris Market Research. The report “Ingestible Sensors Market Share, Size, Trends, Industry Analysis Report, By Component (Sensor, Wearable Patch, and Software); By Sensor Type; By Vertical; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Extensively growing need for medical adherence and increased healthcare awareness among people worldwide along with the rapid increase in prevalence for chronic disorders and rise in the adoption of Internet of Things in healthcare industry are among the major factors driving the global market growth.

Moreover, continuous innovations in the field of technology and science, which led to the development and advancements of tiny camera pills which are being widely used in ingestible sensors and introduction to innovative sensor technologies by major players, are further creating significant growth opportunities for the market. For instance, in December 2022, Engineering researchers announced that they have developed a battery-free and pill-shaped ingestible biosensing systems, which offers continuous monitoring in the intestinal environment in the real time.

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The expansion of the ingestible sensors in various novel medical applications including customized drug delivery, due to which patients globally are found to be more comfortable and highly preferring minimally invasive techniques for the diagnosis and monitoring of their health. These types of sensors are also in high demand from several other verticals such as astronauts, animal care, mining, fire-fighting, and sports for signifying the core body temperature changes, which create a great scope for the market.

Furthermore, he surging need for the low power, smaller, and lighter sensors with improved and enhanced performance with minimal false alarms is pushing the innovations and expansions in the sensors space. These sensors covers innovations pertaining to several technologies like wireless sensor, networks, energy harvesting, MEMS and nano-sensors, Terahertz, sensor fusion, M2M communications, and haptics and touch that results in improved patient convenient and diagnosis and monitoring experience.

Ingestible Sensors Market Report Highlights

  • Sensor segment accounted for largest revenue share in 2022, on account of growing proliferation for the technology and high R&D investments around the world
  • Image sensor senor is expected to grow at fastest rate over the projected period, which is mainly driven by its ability to provide ultra-clear images for numerous types of organs and tissues
  • Medical segment held the significant market revenue share in 2022, which is largely attributable to increasing adoption of the product in various medical applications for temperature and pressure monitoring
  • North America region dominated the global market in 2022, owing to presence of well-developed and structured healthcare facilities, introduction to advanced products, and high spending capacity among people in the region
  • The global key market players include JINSHAN Science & Technology, Microchips Biotech, Medimetrics Personalized Dug Delivery, Proteus Digital Health, and Medtronic PLC

Polaris Market Research has segmented the Ingestible Sensors market report based on component, sensor type, vertical, and region:

Ingestible Sensors, Component Outlook (Revenue - USD Million, 2019 - 2032)

  • Sensor
  • Wearable Patch
  • Software

Ingestible Sensors, Sensor Type Outlook (Revenue - USD Million, 2019 - 2032)

  • Temperature Sensor
  • Pressure Sensor
  • PH Sensor
  • Image Sensor

Ingestible Sensors, Vertical Outlook (Revenue - USD Million, 2019 - 2032)

  • Medical
  • Sports & Fitness
  • Others

Ingestible Sensors, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa