The Ingestible Sensors Market is estimated to reach a value of US$937.779 million by 2027

Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market "Ingestible Sensors Market - which is forecasted from 2020 to 2027".
DALLAS - Dec. 13, 2022 - PRLog -- Factors such as the requirement for medical adherence and rising healthcare awareness are expected to drive market expansion. The broad use of the product in numerous medical applications, as well as the rising uses of wireless sensors, will result in significant market demand. Extensive product use in a variety of medical applications, including improved medication administration, is driving market expansion. These non-invasive gadgets offer an easy-to-use design that aids in real-time diagnostics and health monitoring. The rising number of difficulties induced by numerous chronic diseases, as a result of individuals' disregard for prescriptions, is driving up product demand. Furthermore, according to the International Diabetes Federation (IDF), 783 million people worldwide will have diabetes by 2045. Moreover, the expanding senior population is causing a slew of health difficulties, exacerbating the prevalence of chronic illnesses.

As per the report, the market in Ingestible Sensors Market is expected to grow at a steady pace.

The rising incidence of chronic health disorders as a result of sedentary lifestyles and technological improvements will propel the Ingestible Sensor market forward.

Browse the Full Report on the Ingestible Sensors Market:

Based on sensor type, the market of Ingestible Sensors is segmented into temperature, image, pH, and pressure. The temperature sector is widely used in diverse industries like aerospace and medicine.

Based on the end-user industry, the market of Ingestible Sensors is segmented into healthcare, sports, and fitness. The healthcare segment is anticipated to hold a significant amount of share due to the rise in the adoption of ingestible sensors for monitoring and diagnosing patients. Additionally, these additional benefits have increased their demand in the medical sector. Capsule endoscopy has been shown to be an efficient and precise method of endoscopic imaging. As a result, payments for capsule endoscopy operations are accessible in developed markets as well.

Based on geographical segmentation, the market for Ingestible Sensors is segmented nose North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. Due to the strategic developments of companies in North America, the region is expected to surge in the coming years.

As a part of the report, the major players operating in the Ingestible Sensors Market, that have been covered are Proteus Digital Health, HQ Inc., CapsoVision, Given Imaging Ltd., and Medimetrics.

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