Global Ingestible Sensors Market Poised for Weighty Growth at a CAGR of 21.49%: Study Examines Opportunities and Forecast (2017-2022)

Sensors have taken their hold in the medical world. Ingestible sensing capsules are rapidly emerging as a critical technology that has the ability to prominently impact health, nutrition and clinical areas. As per the findings of the latest study, growing applications of these devices in several industries including medical, sports, physical fitness, military, industrial etc., is anticipated to boost the global market in the forecast period. To elaborate further about various facets of the market, the study which is titled as “Global Ingestible Sensors Market: Analysis By Sensor Type (Temperature, Pressure, Image, pH), By Sensor Application (Medical, Sports & Physical Fitness), By Region, By Country: Opportunities and Forecast (2017-2022)”, has been published to the vast online repository of Market Research Hub (MRH). This 186-pages report offers holistic perspective of the market and provides statistics and information on market size, shares and growth factors.

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Ingestible Sensors are pills that have the ability to detect various bodily functions and activities, medication check, heart rate and blood pressure. It has three components sensors, data recorder, and software. These ingestible sensors help patients receive real-time information and address the unaware problems which are sometimes not countered by doctors. These ingestible devices are noninvasive and hence are very attractive for customers. As per the study findings, global market is anticipated to display a vigorous growth represented by a CAGR of 21.49% during 2017 – 2022, which is chiefly driven by increasing number of patients with chronic diseases, rising geriatric population, rapidly growing awareness about minimally invasive techniques as well as increasing per capita expenditure on healthcare.

The market overview section of the report presents clear outlook of ingestible sensors in the global market, with a prime focus on regions including North America, Europe, APAC and ROW. Key countries focused in the study are U.S., Japan, Germany, Canada, U.K, China, India, Israel and Brazil. In addition, the report also finds and analyses the emerging trends along with major drivers, challenges and opportunities in the global ingestible sensors market. At present, rapid transition towards minimally invasive therapies is a key factor boosting market growth. Amongst the regions, North America accounts for the prime regional share in the Global Ingestible Sensors market in 2016. Nevertheless, Asia Pacific is projected to progress at the highest rate, mainly driven by increase in healthcare expenditure.

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The market has been also analyzed on the basis of its key segments by sensor type and applications. Moreover, to aid in proper decision-making, the report includes the profiling of top players in this industry, their respective market share along with various business strategies which are adopted by them as well as the recent developments. Key companies operating in this market are Proteus Digital Health, Inc., Given Imaging, Ltd., CapsoVision, Inc., Olympus Corporation, HQ, Inc., Medtronic PLC, IntroMedic Co., Ltd. and RF Co., Ltd.

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This release was published on openPR.