Ingestible Sensors Market

Date: 2016-05

Ingestible Sensor is a device which is used to measure the vitals like Blood Pressure, Sugar levels and many other things of the patient. Since the past few years, the use of Ingestible Sensors in Hospitals has increased manifold. Innovations in several types of Ingestible Sensors have revolutionized the market. Ingestible Sensors works when the sensor-enabled pills are taken. The patch on the pill is then able to detect the times at which the Sensor-enabled pill has been taken and record other activities and bodily functions. In case of some sensors, the information recorded is also sent on the mobile of the patient.

The Report ‘Ingestible Sensor Market is segmented into four parts, namely: By Sensor-type, By Component, By Vertical and By Geography. By Sensor type, the Ingestible Sensors are segregated into Temperature Sensor, Pressure Sensor, PH sensor, Image Sensor and few others. Various Components that constitute Ingestible Sensors are sensors, software, Wearable Patch/Data Recorder and others. It is distinguished by verticals such as Medical, Sports & Fitness and few others. The Report has been analyzed on the regions like North America, South America, Europe, APAC and Rest of the World.

Ingestible Sensors Market was dominated by North America in 2015. Due to the dietary changes in North America, possibility of gastrointestinal diseases grew; which in turn increased the demand of Ingestible Sensors. Europe comes in at second place. South America and Africa are the fastest growing markets of the Ingestible Sensors. Israel is the major contributor of the Sensor-enabled Pills.

The key players in Ingestible Sensors Market are:

Proteus Digital Health, Inc. (The U.S.)
HQ, Inc. (The U.S.)
CapsoVision, Inc. (The U.S.)
Medimetrics Personalized Drug Delivery B.V. (Netherlands)
Olympus Corporation (Japan)
Given Imaging Ltd. (Israel)

The methodology involved in estimating the Ingestible Sensors Market depends on the type of technology used and also by the verticals. The Image Sensor has the highest market share and is also the fastest growing product. Innovations have revolutionized the Image Sensor Market. Also, the Market share depends on the Medical usage as well. Ingestible Sensors come out to be quite useful in diagnosing life threatening diseases. Simultaneously, the companies involved in Ingestible Sensors were also studied from the perspective of their product portfolio, annual turnover and few other parameters to verify the estimations. The data was validated by industry experts on technical and market level.

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