Digestible Sensors Market: Introduction
A digestible sensor transmits biological information of a patient to the physician. Digestible sensors help doctors to get all the details about the patient such as if a patient is not taking any medicine, consuming wrong medicine, or not taking the prescribed medicine. These sensors also help the doctor to know how the patient is responding to the given treatment. The different types of sensor are ingestible sensors, invasive sensors, wearable sensors, and implantable sensors, among others.
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Ingestible sensors are used to detect gastrointestinal problems. These sensors are made up of a computer chip and bacteria, which reacts and acts as a biomarker. The light emission is picked up by the chip, transmitted via wireless signals, and then sent to a smartphone application.
Key Drivers and Opportunities of Global Digestible Sensors Market
Increase in demand for continuous monitoring of patients drives the global digestible sensors market
In March 2019, Olympus Corporation launched ‘Power Spiral’ in Europe and countries in Asia Pacific, including Hong Kong and India. The device makes use of a motorized rotating attachment, which mounts the scope and lightly grips onto the mucosa to assist the endoscope to move deep into the small intestine.
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In June 2018, Silicon Valley scientific tool innovator CapsoVision, Inc. entered into a distribution partnership with a scientific organization, PENTAX Medical, to promote Capsocam Plus, the simplest pill endoscope, which incorporates four cameras and offers 360° view, with a lateral imaging of the small bowel. PENTAX Medical also offers clients Caps cloud, the simplest cloud primarily based on endoscopy EMR machine.
High cost of the device, technical & clinical complexities, and advancement in technology restrain the global market
Scrips Health is currently developing nano-sensors, which can travel through the blood stream and send a message to smartphone, which alerts the user of signs of infection.
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North America to Dominate Global Digestible Sensors Market
North America dominated the global digestible sensors market in 2021 due to large geriatric population and well-established healthcare infrastructure. Moreover, rise in adoption of digestible sensors in the U.S. and surge in incidence of cancer are likely to drive the market in the region during the forecast period.
Europe was the second largest market for digestible sensors in 2021. This is attributed to growing public health issues. Germany dominated the market in the region in 2021 due to rise in demand for technologically advanced digestible sensors. U.K.-based startup Causeway Sensors makes use of nanotechnology to offer higher candidate choice throughout drug development. These nano-sized chips can be used to discover early-stage cancers.
Asia Pacific is an emerging market for digestible sensors due to rise in awareness about chronic diseases, increase in fitness expenditure, and surge in demand for advanced diagnostics
Key Players Operating in Global Digestible Sensors Market
The global digestible sensors market is fragmented due to the presence of large number of international as well as local players. A significant number of manufacturers hold major share in their respective regions. Demand for digestible sensors has increased in emerging as well as developed markets owing to rise in awareness about technologically advanced products. Growth strategies adopted by leading players are likely to drive the global market.
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Key players operating in the global digestible sensors market are:
- Medtronic
- Sensirion AG
- Honeywell International, Inc.
- TE Connectivity
- Koninklijke Philips N.V
- General Electric Company
- Proteus Healthcare
- Other Players
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