The Europe Ingestible Sensors Market would witness market growth of 10.8% CAGR during the forecast period (2022-2028).
Accelerometers, magnetometers, gyroscopes, and barometers may be found in a variety of everyday devices, constituting a sizable portion of the market for wearable sensors. These wearables include optical, chemical, electrode-based, temperature, and sound sensors and are widely distributed and utilized. The bulk of wearables is now based on vital physical parameter sensing (including mobility and breathing rate) or electrophysiology (like ECG and EMG).
Utilizing ingestible devices is a benign and safe method for accessing certain bodily fluids. This paradigm enables direct access to the gut environment all throughout the transit of ingestible through the gastrointestinal (GI) tract. The mucosal membrane of the gut facilitates and expedites the transmission and exchange of chemicals within the gut.
Hence, a vast array of biomarkers and therapeutic targets are measurable. Electrolytes, metabolites, and enzymes are some of the compounds of relevance that are exchanged in the GI tract. In addition to this, the gut contains a microbiome that has a symbiotic relationship with the body and in which the bacteria create a variety of chemical byproducts as a consequence of their diverse activities that influence the gut's health.
The Italian manufacturing industry is comprised of a vast network of small as well as micro businesses along with fresh ventures. Locally produced diagnostic imaging devices, sterilizers, contrast media for imaging, hospital furnishings, dialysis equipment, anaesthetic equipment, and dental items ranging from dental tools to dental chairs are manufactured with proficiency. Northern Italy, particularly the areas of Lombardy, Veneto, and Emilia-Romagna, is home to the largest density of medical device manufacturers. This region serves as a key hub for major medical device manufacturers.
The Germany market dominated the Europe Ingestible Sensors Market by Country in 2021; thereby, achieving a market value of $98.3 Million by 2028. The UK market is exhibiting a CAGR of 9.9% during (2022 - 2028). Additionally, The France market would experience a CAGR of 11.6% during (2022 - 2028).
Based on Vertical, the market is segmented into Medical, Sports & Fitness and Others. Based on Component, the market is segmented into Sensor, Wearable Patch/Data Recorder and Software. Based on Sensor Type, the market is segmented into Temperature Senso, Image Sensor, pH Sensor and Pressure Sensor. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Ingestible Sensors Market will Hit $1.5 Billion by 2028, at a CAGR of 10.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, Olympus Corporation, Check Cap Ltd., Dassault Systemes (Medidata Solutions, Inc.), etectRx™, Inc., H.Q., Inc., Otsuka Pharmaceutical Co., Ltd., CapsoVision, Inc., IntroMedic Co., Ltd. and Chongqing Jinshan Science and Technology Group Co., Ltd.
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