Global Ingestible Sensor Market - Growth Factors and Regional Forecast to 2023

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The human body is a beautiful design of the nature. However, not only ageing, but decline in environmental condition, diet quality, and way of living, are also impeding health of humans. As per the old adage, prevention better than cure, ingestible sensors are noted to gain traction. Ingestible sensors are non-invasive, chips that have components, such as power supply, microprocessor, sensor, and controller; fabricated of biocompatible substances. It is a digital chip that report gut activities and monitor medicine administration in the patient phone, thereby preventing any major deteriorations in patients’ health condition. Ingestible sensor is an incredible biotech solution that can redefine potential of the healthcare industry to provide better quality patient care.

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Segmental Outline

The ingestible sensor market study is based on vertical, component, and application.

The component-based segments are wearable patch/ data recorder, sensor, and software. By sensor, the segments are pH sensors, pressure sensors, temperature sensors, and image sensors. By vertical, the segments are medical and sports & fitness.

Regional Outlook

North America Global Ingestible Sensor Market can be driven by exploitation of technological advancements. The extensive adoption of new medical solutions can prompt the expansion of the ingestion sensor market in the US, followed by Canada and Mexico. EU ingestion sensor market can make decent valuation gain owing the benefits obtained from Internet of Things (IoT). The presence of some lead healthcare solution developers in the region can support the market expansion. Asia Pacific ingestible sensor market to register a decent CAGR in the review span as due to the availability of improved medical solutions, rise in ageing populace, and expansion of patient pool.

Key Players

MRFR identified prominent ingestible sensor market players. They are; Proteus Digital Health (US), RF Co. Ltd. (Japan), Medtronic (US), CapsoVision Inc. (US), IntroMedic Co. Ltd. (South Korea), Olympus Corporation (Japan), Otsuka Holdings (Japan), MC10 (US), AdhereTech (US) and Microchips Biotech Inc. (US). These players also deliver a wide variety of components and solutions to the medical industry

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