Global Ingestible Sensor Market was valued US$ 395.84 Mn in 2019 and is expected to reach US$
1495.13 Mn by 2027 at a CAGR of 18.07 % during the forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders,
followers, and disrupters. Since lock down was implemented differently in different regions and
countries, impact of same is also different by regions and segments. The report has covered the current
short term and long term impact on the market, same will help decision makers to prepare the outline
for short term and long term strategies for companies by region.
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Growing global geriatric population is leading to the increased adoption of remote health monitoring
which boosts the growth of global ingestible sensors market. Rising prevalence of lifestyle-related
disorders such as diabetes and obesity further drives the demand for ingestible sensors-embedded
“smart pills” for remote patient monitoring, thereby positively impacting the growth of the global
ingestible sensors market. High R&D investment to develop innovative healthcare solutions will provide
a great opportunity for the expansion of ingestible sensors market during the projected period.
However, the high price of these smart pills will hinder their adoption which, in turn, will restrain the
growth of ingestible sensors market during the forecast period.
Temperature, pressure, pH, and image are the major sensor types within the ingestible sensors market.
In terms of profits, temperature sensors led the type segment in 2016. It is a widely used technique in
different verticals such as healthcare and aerospace to measure body temperature in patients and
astronauts respectively to detect any drastic temperature changes that might prove fatal if undetected.
Medical vertical is expected to hold the largest share of the market during the forecast period. The
medical vertical dominates the overall ingestible