The Ingestible Sensors Market is driven by technological...

The Ingestible Sensors Market is driven by technological advancements

Posted 2024-11-05 12:31:05

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The Ingestible Sensors Market enables monitoring of various body parameters without any surgical intervention. Ingestible sensors are miniature, non-invasive devices that are typically pill-sized and can be safely ingested. Once ingested, these sensors travel through the gastrointestinal tract and transmit physiological and biochemical data to a data receiver device worn on the body, providing physicians real-time data on various conditions within the GI tract like pH levels, temperature, pressure and presence of biomarkers.

The global Ingestible Sensors Market enables monitoring of conditions like gastrointestinal disorders, irritable bowel syndrome, gastric ulcers and other digestive issues. The data obtained is used for both diagnostic and monitoring purposes, allowing for timely interventions.

The Global Ingestible Sensors Market is estimated to be valued at USD 658.2 Mn in 2024 in 2024 and is expected to exhibit a CAGR of 13.4% over the forecast period 2024 to 2031.

Key Takeaways
Key players operating in the Ingestible Sensors Market are Toray Industries Inc., 3M, DSM, Polygon Company, Compoiflex, Icotech AG, Shanghai Cedar Composites Technology Co. Ltd., Vermont Composites, Inc., Royal Tencate N.V., PolyOne Corporation, Quatro Composite LCC, Dentsply Sirona, Ceram Tech GmbH, and Evonik Industries AG. These players are focusing on developing advanced ingestible sensors with miniaturized size, improved battery life and accuracy in detecting various biomarkers.

The growing prevalence of gastrointestinal disorders, chronic diseases and increasing geriatric population globally is propelling the Ingestible Sensors Market Demand. The non-invasive nature and timeliness of diagnosis have made these sensors popular for efficiently monitoring conditions like GERD, IBS, ulcers and intestinal inflammation.

Rising healthcare investments in developed markets and expanded coverage under medical insurance plans are facilitating increased adoption of ingestible sensors. Key market players are also focusing on developing economies like China, India, Brazil and Middle East nations through collaborations with local distributors and healthcare providers. This is supporting the global expansion of the Ingestible Sensors Market.

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