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Ingestible Sensors Market 2020 | Intelligence Insights by Growth Rate, Industry Size, Industry Scope, Current Trends, Future Forecast to 2024

Ingestible

The “Ingestible Sensors Market” report provides a complete overview of the market trade scenario, size, segmentation, competition scenario, and others. It provides the perfect industry detailed description of the different products and service segments associated with the key players. Ingestible Sensors market report includes research methodology, value chain analysis, industry analysis by the power of suppliers and consumers. Ingestible Sensors market report also includes new upcoming technology of Ingestible Sensors Industry that will help to our clients.

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Market Overview:

  • The global ingestible sensors market is expected to witness a CAGR of 19.7% during the forecast period. Certain factors that are driving the market growth include increasing demand for medical adherence monitoring, cost-effectiveness, the availability of reimbursements, technological advancements, and growing investments.
  • In the field of healthcare, ingestible sensors are used in patient monitoring, capsule endoscopy, and controlled drug delivery applications. Sensors for other diagnostic purposes, such as temperature sensors that can wirelessly transmit the core body temperature as it travels through the digestive tract, are also available in the market.
  • Chronic diseases demand unremitting adherence to medications and Unfortunately, the rates of adherence fluctuate widely across patients. Hence, effective patient monitoring and event marking, such as the dissolution of drugs, becomes imperative, especially in the case of drugs having severe side effects. Therefore, the global market for ingestible sensors is growing rapidly, as the adoption rates of new healthcare technology are ever increasing, and the need for better patient monitoring is higher than ever.

    Ingestible Sensors Market Covers Key Players:

  • CapsoVision, Inc.
  • HQ, Inc.
  • IntroMedic Co. Ltd
  • JINSHAN Science & Technology
  • Medtronic PLC (Given Imaging, Inc.)
  • Olympus Corporation
  • Proteus Digital Health, Inc.

    Some Major Points Covered in Ingestible Sensors Market Report:

    • Introduction and Market Overview
    • Industry Chain Analysis
    • Market, by Type
    • Market, by Application
    • Production, Value ($) by Region (2014-2019)
    • Production, Consumption, Export, Import by Regions (2014-2019)
    • Market Status and SWOT Analysis by Regions
    • Competitive Landscape
    • Analysis and Forecast by Type and Application
    • Analysis and Forecast by Region
    • New Project Feasibility Analysis
    • Research Finding and Conclusion

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    Scope of the Report:

  • As per the , ingestible sensors include recently approved event markers, adherence monitoring, and digital medicine systems such as Otsuka and Proteus’ Abilify MyCite tablet sensors, along with established modalities like capsule endoscopes and accompanying accessories. The ingestible sensor market is segmented on the basis of Component, Sensor Type, and Application, with each segment being further subdivided into subsegments like sensor type into the image sensor, pH sensor, pressure sensor, temperature sensor, and other types of sensor.

    Key Market Trends:

    The Diagnostics Segment is Expected to hold the Highest Market Share.

    By application, the diagnostics segment of the market is believed to have the largest market size in 2018. The reason for this is due to the presence of capsule endoscopes for nearly two decades in the market. Capsule endoscopy has established itself as an effective and precise way of endoscopic imaging. As such, the reimbursements for capsule endoscopy procedures are also available in the developed markets. Furthermore, the increasing prevalence of gastrointestinal disorders is also expected to fuel the expansion of capsule endoscopy and is leading to the growth of the diagnosis segment of the market.

    North America Dominates the Market and is Expected to do the Same over the Forecast Period

    North America currently dominates the market for ingestible sensors and is expected to continue its stronghold for a few more years. This region is expected to retain its market share in the future owing to the increasing number of diseases and rising geriatric population. The United States holds the majority of the market in the North America region; this is due to the presence of reimbursements, high healthcare expenditure, and an increasing focus on preventive care in place of a curative approach.

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    Detailed TOC of Ingestible Sensors Market Report 2020-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Cost Effectiveness and Availability of Reimbursements
    4.2.2 Increasing Demand for Medical Adherence Monitoring
    4.2.3 Technological Advancements and Increasing Investments
    4.3 Market Restraints
    4.3.1 Stringent Regulations
    4.4 Porter’s Five Force Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Component
    5.1.1 Sensors
    5.1.2 Software
    5.1.3 Data Recorder and Accessories
    5.2 Sensor Type
    5.2.1 Image Sensor
    5.2.2 pH Sensor
    5.2.3 Pressure Sensor
    5.2.4 Temperature Sensor
    5.3 Application
    5.3.1 Medical Adherence Monitoring
    5.3.2 Diagnostics
    5.3.3 Other Applications
    5.4 Geography
    5.4.1 North America
    5.4.1.1 US
    5.4.1.2 Canada
    5.4.1.3 Mexico
    5.4.2 Europe
    5.4.2.1 Germany
    5.4.2.2 UK
    5.4.2.3 France
    5.4.2.4 Italy
    5.4.2.5 Spain
    5.4.2.6 Rest of Europe
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 Australia
    5.4.3.5 South Korea
    5.4.3.6 Rest of Asia-Pacific
    5.4.4 Middle East & Africa
    5.4.4.1 GCC
    5.4.4.2 South Africa
    5.4.4.3 Rest of Middle East & Africa
    5.4.5 South America
    5.4.5.1 Brazil
    5.4.5.2 Argentina
    5.4.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 CapsoVision, Inc.
    6.1.2 HQ, Inc.
    6.1.3 IntroMedic Co. Ltd
    6.1.4 JINSHAN Science & Technology
    6.1.5 Medtronic PLC (Given Imaging, Inc.)
    6.1.6 Olympus Corporation
    6.1.7 Proteus Digital Health, Inc.

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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