The global ingestible sensors market is anticipated to grow at a considerable CAGR of 12.8% during the forecast period (2024-2031). The demand to feed the rapidly increasing population of this globe requires the need to produce a huge number of agricultural crops. These can be achieved through continuous monitoring of agricultural fields through various sensors including temperature sensors, pH sensors, and humidity sensors. Ingestible sensors play a vital role in this field. This enables the farmers to take the timely actions necessary to keep their crops healthy. The climatic changes and unpredicted rainfalls are boosting the rapid adoption of these ingestible sensors by farmers. Additionally, in poultry farms, ingestible sensors are now getting used to monitor the health of the animals. The robotic pills are used to check the stomachs of cows and pigs in the UK. According to The Engineer, through this regular monitoring, the productivity of the animals can be increased by up to 15%.
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Impact of COVID-19 Pandemic on Global Ingestible Sensors Market
The outbreak of COVID-19 had greatly impacted the global ingestible sensors market. According to the research of the Swedish Medical Center, COVID-19 had reduced around 83% of the total endoscopy volumes globally. Out of this 82% reduction was recorded in upper endoscopy and 85% was recorded in lower endoscopy. As endoscopy is the major market of ingestible sensors, thus it had experienced major trust during the pandemic. However, Oceania had recorded normal endoscopy procedures during the COVID-19 pandemic.
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Market Coverage
- Segment Covered-
o By Sensor Type
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Proteus Digital Health Inc., CapsoVision, Inc., Medtronic PLC, Olympus Corp., and HQ, Inc.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Ingestible Sensors Market Report Segment
By Sensor Type
- Temperature Sensor
- Pressure Sensor
- pH Sensor
By Application
- Medical
- Sports & Fitness
- Others
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
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