The global ingestible sensors market revenue is expected to expand at a lucrative CAGR over the forecast period. Increasing technological advancements in healthcare industry is a key factor expected to drive growth of the global market over the forecast period. However, high price of smart pills is a key factor expected to hamper growth of the target market over the forecast period.

The global ingestible sensors market report has been segmented on the basis of component, sensor, industry vertical, and region. On the basis of component, the target market is segmented into sensor, wearable data recorder, and software. Sensor component segment is expected to register significant share in terms of revenue over the forecast period, owing to technological development and high investment activities. On the basis of sensor, the target market is segmented into temperature sensor, pressure sensor, pH sensor, and image sensor. The temperature sensor segment is expected to register significant share in terms of revenue over the forecast period, owing to its wide adoption in various industries such as healthcare and aerospace to measure body temperature.  On the basis of vertical, the target market is segmented into medical, sports and fitness, and others.

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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is estimated to be highest share in terms of revenue over the forecast period, owing to advanced products development, and government initiative favoring healthcare industry in various countries in this region. The market in Asia Pacific is expected to register highest CAGR in terms of revenue, owing to increasing preference towards adoption of innovative products and improved research and development activities in developing countries such as India, China, Japan in the region.

Key players operating in the global ingestible sensors market include Proteus Digital Health, Inc., Microchips Biotech, Inc., HQ, Inc., CapsoVision, Inc., Given Imaging Ltd., Medimetrics Personalized Drug Delivery B.V., and Olympus Corporation.

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