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“Medication adherence driving the ingestible sensor market”
The ingestible sensor market is expected to grow from USD 198.2 million in 2015 to USD 678.2 million by 2022, at a CAGR of 20.2% between 2016 and 2022. The ingestible sensors market is driven by factors such as medication adherence, aging population, and increasing frequency of lifestyle diseases, growing healthcare expenditure, and favorable reimbursement scenario.

“Temperature sensors to dominate the market during the forecast period”
Temperature is the most important parameter for every biomedical process. In comparison to other ingestible sensors such as pressure, pH, and image sensors, temperature sensors have a greater scope and it holds the largest market size during the forecast period. The growing frequency of chronic diseases and the industrial focus on real-time body monitoring are the key drivers for the growth of temperature sensors in ingestible sensors. There are several ingestible sensor systems being developed such as smart pills, pill cameras, and others which incorporate temperature measurement as an important parameter. Similarly, ultra-low-power wireless ingestible temperature sensors, in integration with other sensors, are used in the sports and fitness vertical to help athletes during the training hours, in fire-fighting, military, mining, and other industries to track and log the core body temperature data of the workers.

“APAC offers high-growth avenues during the forecast period”
The ingestible sensor market in APAC is expected to grow at a prominent double digit CAGR during the forecast period. The presence of a favourable reimbursement scenario in Japan for capsule endoscopy procedures, which is a major factor driving the growth of the ingestible sensors market in the country. For instance, in July 2013, the Central Social Insurance Medical Council (Chuikyo) in Japan approved Given Imaging's (Israel) PillCam COLON for reimbursement. Olympus, a leading endoscopy player, is focusing on building the Group‘s marketing base in China. In Australia, the government is making significant investments for training endoscopists and is also setting up new endoscopy facilities to cater to the growing demand for endoscopy in the country. Thus, the expanding ingestible sensor procedures in APAC countries are supporting the growth of the ingestible sensors market in this region.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The breakup of the profile of primary participants is given below:
- By Company Type: Tier I ¬¬– 30%, Tier II – 48%, and Tier III – 22%
- By Designation: C-Level – 25%, Director Level – 60%, and Others – 15%
- By Region: North America – 50%, Europe – 30%, APAC – 15%, and RoW – 5%

The major companies in the ingestible sensors ecosystem profiled in this report are as follows:
1. Proteus Digital Health, Inc. (U.S.)
2. HQ, Inc. (U.S.)
3. CapsoVision, Inc. (U.S.)
4. Given Imaging Ltd. (Israel)
5. Olympus Corporation (U.S.)
6. Medimetrics Personalized Drug Delivery B.V. (Netherlands)
7. MC10 Inc. (U.S.)

The report would help the market leaders/new entrants in this market in the following ways:
1. This report segments the ingestible sensors market comprehensively and provides the closest value approximations of the overall market and the subsegments across different verticals and regions.
2. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report would help stakeholders to better understand the competitor and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product develpoments, partnerships, and mergers & acquisitions.

Table Of Contents

Ingestible Sensor Market by Component, Type, Vertical, and Geography - Global Forecast to 2022
TABLE OF CONTENTS

1 INTRODUCTION 12
1.1 OBJECTIVES OF THE STUDY 12
1.2 MARKET DEFINITION 13
1.3 MARKETS COVERED 13
1.4 YEARS CONSIDERED FOR THE STUDY 14
1.5 CURRENCY 14
1.6 LIMITATIONS 14
1.7 MARKET STAKEHOLDERS 14
2 RESEARCH METHODOLOGY 15
2.1 RESEARCH DATA 15
2.1.1 SECONDARY DATA 16
2.1.1.1 Key data from secondary sources 16
2.1.2 PRIMARY DATA 16
2.1.2.1 Key data from primary sources 17
2.1.2.2 Breakdown of primaries 17
2.2 MARKET SIZE ESTIMATION 18
2.3 MARKET BREAKDOWN and DATA TRIANGULATION 20
2.4 RESEARCH ASSUMPTIONS 21
3 EXECUTIVE SUMMARY 22
4 PREMIUM INSIGHTS 26
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE GLOBAL INGESTIBLE SENSORS MARKET 26
4.2 INGESTIBLE SENSORS MARKET GROWTH, BY SENSOR TYPE 27
4.3 INGESTIBLE SENSORS MARKET IN APAC, 2015 27
4.4 INGESTIBLE SENSORS MARKET GROWTH (2016-2022) 28
4.5 INGESTIBLE SENSORS MARKET, BY VERTICAL, USD MILLION (2016-2022) 28

5 MARKET OVERVIEW 29
5.1 INTRODUCTION 29
5.2 MARKET SEGMENTATION 29
5.2.1 BY COMPONENT 29
5.2.2 BY TYPE 30
5.2.3 BY VERTICAL 30
5.2.4 BY GEOGRAPHY 30
5.3 MARKET DYNAMICS: INGESTIBLE SENSORS MARKET 31
5.4 DRIVERS 32
5.4.1 AGING POPULATION AND GROWING LIFESTYLE-RELATED DISEASES 32
5.4.2 MEDICATION ADHERENCE 33
5.4.3 BETTER VISUALIZATION AND FAVORABLE REIMBURSEMENT 34
5.5 RESTRAINTS 35
5.5.1 TECHNICAL AND CLINICAL ISSUES 35
5.5.2 HIGH COST OF TECHNOLOGY 35
5.6 OPPORTUNITIES 36
5.6.1 EMERGING MARKETS AND MODERNIZATION OF HEALTHCARE INFRASTRUCTURE 36
5.7 CHALLENGES 36
5.7.1 NEED FOR NEED FOR ADVANCEMENT IN HEALTHCARE INFORMATICS 36
5.7.2 COMPLEX CIRCUIT DESIGNING 36
5.7.3 REGULATORY MANDATES and STANDARDS 37
6 INDUSTRY TRENDS 38
6.1 INTRODUCTION 38
6.2 VALUE CHAIN ANALYSIS 38
6.3 INDUSTRY TRENDS 39
6.4 PORTER'S FIVE FORCES ANALYSIS 40
6.4.1 BARGAINING POWER OF SUPPLIERS 41
6.4.2 BARGAINING POWER OF BUYERS 42
6.4.3 THREAT OF NEW ENTRANTS 43
6.4.4 THREAT OF SUBSTITUTES 43
6.4.5 INTENSITY OF RIVALRY 44
7 INGESTIBLE SENSORS MARKET, BY COMPONENT 45
7.1 INTRODUCTION 46
7.1.1 SENSOR 46
7.1.2 WEARABLE PATCH/DATA RECORDER 47
7.1.3 SOFTWARE 47
8 INGESTIBLE SENSORS MARKET, BY SENSOR TYPE 49
8.1 INTRODUCTION 50
8.2 TEMPERATURE SENSOR 51
8.3 PRESSURE SENSOR 52
8.4 PH SENSOR 53
8.5 IMAGE SENSOR 54
9 INGESTIBLE SENSORS MARKET, BY VERTICAL 55
9.1 INTRODUCTION 56
9.1.1 MEDICAL VERTICAL 57
9.1.1.1 Medical vertical applications. 59
9.1.1.1.1 Diagnosis application 60
9.1.1.1.2 Patient monitoring 61
9.1.1.1.3 Drug delivery application 62
9.1.2 SPORTS and FITNESS 63
9.1.3 OTHERS 64
10 GEOGRAPHICAL ANALYSIS 65
10.1 INTRODUCTION 66
10.1.1 NORTH AMERICA 68
10.1.1.1 North America to hold the largest market share during the forecast period 68
10.1.1.2 U.S. 69
10.1.1.2.1 The presence of major players makes the U.S. a prominent market for ingestible sensors 69
10.1.1.3 Canada 70
10.1.1.3.1 Aging population and need for remote patient monitoring are the key drivers for the Canadian market 70
10.1.1.4 Mexico 70
10.1.1.4.1 Being the third-largest medical device importer in the Americas, Mexico offers untapped market opportunities for the companies 70
10.1.2 EUROPE 72
10.1.2.1 Growing cases of gastroparesis driving the ingestible sensors market in Europe 72
10.1.2.2 U.K. 73
10.1.2.2.1 Government initiatives to implement capsule endoscopy facilities supporting the growth of ingestible sensors in the U.K. 73
10.1.2.3 France 74
10.1.2.3.1 Favorable reimbursement scenario for capsule endoscopy procedures drives demand for ingestible sensors in France 74
10.1.2.4 Germany 74
10.1.2.4.1 Remote patient monitoring has a growing scope in Germany during the forecast period 74
10.1.2.5 Rest of Europe 74
10.1.3 APAC 76
10.1.3.1 Japan 77
10.1.3.1.1 Government recommendations for insurance reimbursement spur demand for ingestible sensors in Japan 77
10.1.3.2 China 77
10.1.3.2.1 China, the second-largest medical device market in the world, presents lucrative opportunities for expansion 77
10.1.3.3 Rest of APAC 78
10.1.4 MIDDLE EAST and AFRICA AND LATIN AMERICA 80
10.1.4.1 MEA and Latin America are among the major regions contributing to the research and design of ingestible sensors 80
11 COMPETITIVE LANDSCAPE 82
11.1 OVERVIEW 82
11.2 MARKET RANKING ANALYSIS FOR THE PLAYERS IN THE INGESTIBLE SENSORS MARKET, 2015 82
11.3 COMPETITIVE SCENARIO 84
11.4 NEW PRODUCT LAUNCHES 85
11.5 AGREEMENTS and COLLABORATIONS 86
11.6 INVESTMENT and FUNDING 86
12 COMPANY PROFILES 87
12.1 PROTEUS DIGITAL HEALTH, INC. 87
(Overview, Products and Services, Financials, Strategy and Development)*
12.2 CAPSOVISION INC. 90
12.3 GIVEN IMAGING LTD 92
12.4 OLYMPUS CORPORATION 93
12.5 MEDIMETRICS PERSONALIZED DRUG DELIVERY B.V. 95
12.6 HQ, INC. 96
12.7 MC10, INC. 97
12.8 MICROCHIPS BIOTECH, INC. 98
*Details on Overview, Products and Services, Financials, Strategy and Development might not be Captured in case of Unlisted Companies

13 APPENDIX 99
13.1 INSIGHTS OF INDUSTRY EXPERTS 99
13.2 DISCUSSION GUIDE 100
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 102
13.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 104
13.5 AVAILABLE CUSTOMIZATIONS 106
13.6 RELATED REPORTS 107



LIST OF TABLES

TABLE 1 INGESTIBLE SENSORS MARKET, BY COMPONENT, 2013-2022 (USD MILLION) 48
TABLE 2 INGESTIBLE SENSORS MARKET, BY SENSOR TYPE, 2013-2022 (USD MILLION) 51
TABLE 3 TEMPERATURE SENSORS MARKET, BY VERTICAL, 2013-2022 (USD MILLION) 51
TABLE 4 TEMPERATURE SENSOR MARKET, BY MEDICAL APPLICATION,
2013-2022, (USD MILLION) 52
TABLE 5 PRESSURE SENSOR MARKET, BY MEDICAL APPLICATION,
2013-2022 (USD MILLION) 52
TABLE 6 PH SENSOR MARKET, BY MEDICAL APPLICATION, 2013-2022 (USD MILLION) 53
TABLE 7 IMAGE SENSOR MARKET, BY MEDICAL APPLICATION, 2013-2022 (USD MILLION) 54
TABLE 8 INGESTIBLE SENSORS MARKET, BY VERTICAL, 2013-2022 (USD MILLION) 56
TABLE 9 INGESTIBLE SENSORS MARKET IN MEDICAL VERTICAL, BY SENSOR TYPE,
2013-2022 (USD MILLION) 58
TABLE 10 INGESTIBLE SENSORS MARKET IN MEDICAL VERTICAL, BY REGION,
2013-2022 (USD MILLION) 58
TABLE 11 INGESTIBLE SENSORS MARKET IN MEDICAL VERTICAL, BY APPLICATION,
2013-2022 (USD MILLION) 59
TABLE 12 INGESTIBLE SENSORS MARKET FOR DIAGNOSIS APPLICATION, BY REGION,
2013-2022 (USD MILLION) 60
TABLE 13 INGESTIBLE SENSORS MARKET FOR DIAGNOSIS APPLICATION, BY SENSOR TYPE, 2013-2022 (USD MILLION) 60
TABLE 14 INGESTIBLE SENSORS MARKET FOR PATIENT MONITORING APPLICATION,
BY REGION, 2013-2022 (USD MILLION) 61
TABLE 15 INGESTIBLE SENSORS MARKET FOR PATIENT MONITORING APPLICATION,
BY SENSOR TYPE, 2013-2022 (USD MILLION) 61
TABLE 16 INGESTIBLE SENSORS MARKET FOR DRUG DELIVERY APPLICATION, BY REGION, 2013-2022 (USD MILLION) 62
TABLE 17 INGESTIBLE SENSORS MARKET FOR DRUG DELIVERY APPLICATION, BY SENSOR TYPE, 2013-2022 (USD MILLION) 63
TABLE 18 INGESTIBLE SENSORS MARKET FOR SPORTS and FITNESS VERTICAL, BY REGION, 2013-2022 (USD MILLION) 64
TABLE 19 INGESTIBLE SENSORS MARKET IN OTHER VERTICALS, BY REGION,
2013-2022 (USD MILLION) 64
TABLE 20 INGESTIBLE SENSORS MARKET, BY REGION, 2013-2022 (USD MILLION) 67
TABLE 21 INGESTIBLE SENSORS MARKET IN NORTH AMERICA, BY COUNTRY,
2013-2022 (USD MILLION) 70
TABLE 22 INGESTIBLE SENSORS MARKET IN NORTH AMERICA, BY VERTICAL,
2013-2022 (USD MILLION) 71
TABLE 23 INGESTIBLE SENSORS MARKET IN NORTH AMERICA, BY MEDICAL APPLICATION, 2013-2022 (USD MILLION) 71
TABLE 24 INGESTIBLE SENSORS MARKET IN EUROPE, BY COUNTRY,
2013-2022 (USD MILLION) 75
TABLE 25 INGESTIBLE SENSORS MARKET IN EUROPE, BY VERTICAL,
2013-2022 (USD MILLION) 75
TABLE 26 INGESTIBLE SENSORS MARKET IN EUROPE, BY MEDICAL APPLICATION,
2013-2022 (USD MILLION) 75
TABLE 27 INGESTIBLE SENSORS MARKET IN APAC, BY COUNTRY,
2013-2022 (USD MILLION) 78
TABLE 28 INGESTIBLE SENSORS MARKET IN APAC, BY VERTICAL,
2013-2022 (USD MILLION) 79
TABLE 29 INGESTIBLE SENSORS MARKET IN APAC, BY MEDICAL APPLICATION,
2013-2022 (USD MILLION) 79
TABLE 30 INGESTIBLE SENSORS MARKET IN MEA and LATIN AMERICA, BY REGION,
2013-2022 (USD MILLION) 80
TABLE 31 INGESTIBLE SENSORS MARKET IN MEA and LATIN AMERICA, BY VERTICAL,
2013-2022 (USD MILLION) 81
TABLE 32 INGESTIBLE SENSORS MARKET IN MEA and LATIN AMERICA, BY MEDICAL APPLICATION, 2013-2022 (USD MILLION) 81
TABLE 33 NEW PRODUCT LAUNCHES 85
TABLE 34 AGREEMENTS and COLLABORATIONS 86
TABLE 35 INVESTMENT and FUNDING 86


LIST OF FIGURES

FIGURE 1 INGESTIBLE SENSORS MARKET: RESEARCH DESIGN 15
FIGURE 2 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 18
FIGURE 3 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 19
FIGURE 4 MARKET BREAKDOWN and DATA TRIANGULATION 20
FIGURE 5 INGESTIBLE SENSORS MARKET, BY SENSOR TYPE,
2016 AND 2022 (USD MILLION) 22
FIGURE 6 MEDICAL VERTICAL TO OFFER LUCRATIVE GROWTH OPPORTUNITIES DURING
THE FORECAST PERIOD 23
FIGURE 7 INGESTIBLE SENSORS MARKET, BY MEDICAL APPLICATION, 2016 VS. 2022 24
FIGURE 8 INGESTIBLE SENSORS MARKET, GEOGRAPHIC SNAPSHOT, 2015 25
FIGURE 9 MEDICATION ADHERENCE IS THE KEY FACTOR DRIVING THE INGESTIBLE SENSORS MARKET DURING THE FORECAST PERIOD 26
FIGURE 10 TEMPERATURE SENSOR TO HOLD LARGEST MARKET SHARE DURING THE FORECAST PERIOD 27
FIGURE 11 JAPAN HELD THE LARGEST SHARE OF THE INGESTIBLE SENSORS MARKET IN APAC 27
FIGURE 12 MEA and LATIN AMERICA TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 28
FIGURE 13 MEDICAL VERTICAL TO DOMINATE THE INGESTIBLE SENSORS MARKET DURING THE FORECAST PERIOD 28
FIGURE 14 AGING POPULATION, LIFESTYLE DISEASES, AND MEDICAL TOURISM WOULD SPUR THE DEMAND FOR INGESTIBLE SENSORS 31
FIGURE 15 PERCENTAGE OF WORLD POPULATION OF MAJOR COUNTRIES, 2014 32
FIGURE 16 PER CAPITA HEALTHCARE EXPENDITURE OF MAJOR COUNTRIES,
2011-2013, (USD) 33
FIGURE 17 INGESTIBLE SENSORS: VALE CHAIN ANALYSIS 38
FIGURE 18 DIGITAL MEDICINE IS THE KEY TREND AMONG INDUSTRY PLAYERS 39
FIGURE 19 PORTER'S FIVE FORCES ANALYSIS 40
FIGURE 20 PORTER'S FIVE FORCES IMPACT ANALYSIS, 2015 41
FIGURE 21 BARGAINING POWER OF SUPPLIERS IN INGESTIBLE SENSORS MARKET, 2015 41
FIGURE 22 BARGAINING POWER OF BUYERS IN INGESTIBLE SENSORS MARKET, 2015 42
FIGURE 23 THREAT OF NEW ENTRANTS IN INGESTIBLE SENSORS MARKET, 2015 43
FIGURE 24 THREAT OF SUBSTITUTES IN INGESTIBLE SENSORS MARKET, 2015 43
FIGURE 25 INTENSITY OF RIVALRY IN INGESTIBLE SENSORS MARKET, 2015 44
FIGURE 26 INGESTIBLE SENSORS MARKET, BY COMPONENT 46
FIGURE 27 INGESTIBLE SENSORS MARKET, BY COMPONENT, (2016-2020) 47
FIGURE 28 INGESTIBLE SENSORS MARKET, BY SENSOR TYPE 50
FIGURE 29 GROWING DEMAND FOR CAPSULE ENDOSCOPY TO DRIVE THE IMAGE SENSOR MARKET DURING THE FORECAST PERIOD 50
FIGURE 30 DIAGNOSIS APPLICATION TO DOMINATE THE PH SENSOR MARKET DURING
THE FORECAST PERIOD 53
FIGURE 31 INGESTIBLE SENSORS MARKET, BY VERTICAL 56
FIGURE 32 TEMPERATURE SENSORS TO DOMINATE THE MEDICAL VERTICAL DURING
THE FORECAST PERIOD 57
FIGURE 33 DRUG DELIVERY APPLICATION TO GROW AT THE HIGHEST CAGR BETWEEN
2016 AND 2022 59
FIGURE 34 TEMPERATURE SENSORS TO HOLD THE LARGEST MARKET SIZE FOR DRUG DELIVERY APPLICATION DURING THE FORECAST PERIOD 63
FIGURE 35 INGESTIBLE SENSORS MARKET, BY GEOGRAPHY 66
FIGURE 36 INGESTIBLE SENSORS MARKET: GEOGRAPHICAL SNAPSHOT (2016-2022) 67
FIGURE 37 NORTH AMERICA: GEOGRAPHIC SNAPSHOT 68
FIGURE 38 EUROPE: GEOGRAPHICAL SNAPSHOT 72
FIGURE 39 APAC INGESTIBLE SENSORS MARKET DRIVEN BY LARGE POPULATION BASE
and GOVERNMENT'S ECONOMY MODERNIZATION INITIATIVES APAC 76
FIGURE 40 MEA and LATIN AMERICA: GEOGRAPHIC SNAPSHOT 80
FIGURE 41 COMPANIES ADOPTED NEW PRODUCT LAUNCHES AS THE KEY GROWTH STRATGY IN THE INGESTIBLE SENSORS MARKET 82
FIGURE 42 MARKET EVALUATION FRAMEWORK: NEW PRODUCT LAUNCHES FUELLED GROWTH and INNOVATION IN 2015 84
FIGURE 43 BATTLE FOR MARKET SHARE: NEW PRODUCTS LAUNCHES and PARTNERSHIPS WERE THE KEY STRATEGY 85
FIGURE 44 PROTEUS DIGITAL HEALTH, INC.: SWOT ANALYSIS 89
FIGURE 45 CAPSOVISION INC.: SWOT ANALYSIS 91
FIGURE 46 OLYMPUS CORPORATION: COMPANY SNAPSHOT 93
FIGURE 47 OLYMPUS CORPORATION: SWOT ANALYSIS 94
FIGURE 48 MARKETSANDMARKETS KNOWLEDGE STORE SNAPSHOT 102
FIGURE 49 MARKETSANDMARKETS KNOWLEDGE STORE: SEMICONDUCTOR and ELECTRONICS INDUSTRY SNAPSHOT 103

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