Global Ingestible Sensors Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global Ingestible Sensors market in its upcoming report titled, “Global Ingestible Sensors Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global ingestible sensors market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global ingestible sensors market report has been segmented on the basis of component, sensor, industry vertical, and region.

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This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Ingestible sensors are devices which help patients, their families, and healthcare professionals to measure medication ingestion and adherence patterns of patients on real-time basis. It helps to keep check on pharmaceutical compliance and relate it to important physiologic metrics, and take appropriate steps in response to patient's adherence pattern and specific health metrics. According to a report published in 2017 by research department of RMIT (Royal Melbourne Institute of Technology) University, one in five people will suffer from a gastrointestinal disorder in their lifetime, with 30% of patients remaining undiagnosed.

Increasing technological developments, increasing incidence of chronic disorders, and rising healthcare awareness among individuals are major factors expected to drive growth of the global market over the forecast period. In addition, increasing adoption of remote health monitoring devices across the globe is another factor expected to further fuel growth of the target market. Furthermore, growing awareness regarding benefits of ingestible sensor that allows physician to track outcome of new drugs and drug delivery technologies is another factor expected to boost growth of this market in the near future. Moreover, increasing adoption of ingestible sensors in various applications in industries such as medical, sports, physical fitness, military, industrial etc., is expected to propel growth of the global market over the forecast period.

However, stringent government regulations and high cost of smart pills are major factors expected to restrain growth of the global market over the forecast period.

Increasing investment activities for research and development activities to improve ingestible sensors are expected to create lucrative opportunities for players operating in the target market over the forecast period.

The market in North America followed by Europe is expected to dominate the target market in terms of revenue over the forecast period, owing to technological advancements, increasing rate of chronic diseases, and availability of improved infrastructure among various countries in these regions. The market in Asia Pacific is expected to account for highest CAGR over the forecast period, owing to improved healthcare infrastructure and rising investments for research and development activities by key manufacturers in various countries in this region.

Global ingestible sensors market segmentation:

Segmentation by component:

• Sensor
• Wearable Data Recorder
• Software

Segmentation by sensor:

• Temperature Sensor
• Pressure Sensor
• pH Sensor
• Image Sensor

Segmentation by industry vertical:

• Medical
• Sports and Fitness
• Others

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa