Ingestible Sensor Market Overview to 2022 Driven by Medication Adherence

“Medication adherence driving the ingestible sensor market”

The ingestible sensor market is expected to grow from USD 198.2 million in 2015 to USD 678.2 million by 2022, at a CAGR of 20.2% between 2016 and 2022. The ingestible sensors market is driven by factors such as medication adherence, aging population, and increasing frequency of lifestyle diseases, growing healthcare expenditure, and favorable reimbursement scenario. Complete report on ingestible sensor market spread across 107 pages, profiling 07 companies and supported with 35 tables and 49 figures is now available at http://www.rnrmarketresearch.com/ingestible-sensor-market-by-component-sensor-data-recorder-software-type-temperature-pressure-others-vertical-medical-sports-fitness-others-and-geography-global-forecast-to-2022-market-report.html .

“APAC offers high-growth avenues during the forecast period”

The ingestible sensor market in APAC is expected to grow at a prominent double digit CAGR during the forecast period. The presence of a favorable reimbursement scenario in Japan for capsule endoscopy procedures, which is a major factor driving the growth of the ingestible sensors market in the country. For instance, in July 2013, the Central Social Insurance Medical Council (Chuikyo) in Japan approved Given Imaging's (Israel) Pill Cam COLON for reimbursement. Olympus, a leading endoscopy player, is focusing on building the Group‘s marketing base in China. In Australia, the government is making significant investments for training endoscopists and is also setting up new endoscopy facilities to cater to the growing demand for endoscopy in the country. Thus, the expanding ingestible sensor procedures in APAC countries are supporting the growth of the ingestible sensors market in this region. 

“Temperature sensors to dominate the ingestible sensor market during the forecast period”

Temperature is the most important parameter for every biomedical process. In comparison to other ingestible sensors such as pressure, pH, and image sensors, temperature sensors have a greater scope and it holds the largest market size during the forecast period. The growing frequency of chronic diseases and the industrial focus on real-time body monitoring are the key drivers for the growth of temperature sensors in ingestible sensors. There are several ingestible sensor systems being developed such as smart pills, pill cameras, and others which incorporate temperature measurement as an important parameter. Similarly, ultra-low-power wireless ingestible temperature sensors, in integration with other sensors, are used in the sports and fitness vertical to help athletes during the training hours, in fire-fighting, military, mining, and other industries to track and log the core body temperature data of the workers.

The key players in the ingestible sensor market include Proteus Digital Health, Inc. (U.S.), HQ, Inc. (U.S.), CapsoVision, Inc. (U.S.), Given Imaging Ltd. (Israel), Olympus Corporation (U.S.), Medimetrics Personalized Drug Delivery B.V. (Netherlands) and MC10 Inc. (U.S.). Priced at $4650 for a single user PDF, Inquire Before Buying on “Ingestible Sensor Market by Component (Sensor, Data Recorder, & Software), Type (Temperature, Pressure, & Others), Vertical (Medical, Sports & Fitness, & Others), and Geography - Global Forecast to 2022” research report can be requested at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=504196 .

On a related note, another research titled Level Sensors Market Global Trends and Forecast to 2022 says, the level sensors market is expected to reach USD 4.89 billion by 2022, at a CAGR of 5.4% between 2016 and 2022. APAC expected to hold the largest market share during the forecast period. Companies like ABB Ltd. (Switzerland), AMETEK, Inc. (U.S.), Emerson Electric Co. (U.S.), Endress+Hauser AG (Switzerland), First Sensor AG (Germany), GEMS Sensors and Controls Co. (U.S.), Honeywell International Inc. (U.S.), KROHNE Messtechnik GMBH (Germany), Pepperl + Fuchs GmbH (Germany), Siemens AG (Germany), VEGA Grieshbaer KG (Germany), and Nohken Inc. (Japan) have been profiled in this 171 pages research report available at http://www.rnrmarketresearch.com/level-sensors-market-global-forecast-analysis-focus-on-technologies-contact-type-magnetostrictive-vibratory-probe-hydrostatic-magnetic-float-and-non-contact-type-ultrasonic-radar-optical-market-report.html .

Explore more reports on Sensors market at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication/electronics/sensors .

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