Ingestible Medical Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Ingestible Medical Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Medical Equipments

Report Description

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Ingestible medical devices are clinically relevant technology which combines with circuits and sensing techniques. The medical devices technique expand the capabilities of ingestible capsules and enable a new diagnostic and treatment applications for the patients. The ingestible medical device system handles the routine upgradeable design which creates a new platform and possibilities for treatment application among colorectal cancer patients. Its unique technology and software features ensure better functional ability. However, new developments in sensors and ultrasound models allow to image the diseases or infection at the cellular and molecular level, which are paving the way for early diagnosis and treatment of diseases.

High prevalence of diseases such as gastroenteritis and colon cancer, rising patient awareness, increasing research and development initiatives, advent of high-throughput screening (HTS) for drug discovery, and genomic technology are key factors driving the ingestible medical device market. According to the Center for Disease Control and Prevention, October 2016, China outbreak the incidences of norovirus infection among 79% of its population. In 2015, the WHO stated that the number of new cancer cases are expected to rise by about 70% over the next two decades. According to the American Cancer Society, in 2017, in the U.S. 135,430 people are estimated to be diagnosed with colorectal cancer and about 50,260 fatalities are likely to occur due to the disease. The World Health Organization predicted that 30% to 50% of cancer patients can be prevented from acquiring different cancer by avoiding risk factors and implementation of existing evidence-based prevention strategies. The cancer burden can also be reduced through early detection of cancer and management of patients who develop cancer. Increasing number of patients with chronic diseases, rising geriatric population, and rapidly increasing awareness about minimally invasive techniques, are projected to fuel the overall ingestible medical device market. However, factors such as bulky and stationary designs, lengthy procedures, and expensive treatment procedures are expected to hamper the ingestible medical devices market.

The global ingestible medical devices market can be segmented based on application, technology, therapy, end-user, and region. In terms of application, the market can be classified into drug delivery, optical imaging, and disease diagnosis. In terms of technology, the market can be segregated into absorbable and non-absorbable. In terms of therapy, the market can be divided into oncology, biotechnology, neurology, and others. Biotechnology is a rapidly expanding segment owing to the increase in funds in research and technology, globally. In terms of end-user, the market can be segregated into diagnostic laboratories, pathology labs, life sciences and research lab, and others. In terms of region, the Ingestible Medical Devices Market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Geographically, North America dominates the global ingestible medical devices market due to the increase in funding for the development of research and health care infrastructure. Rising incidence of epidemic diseases and early phase diagnosis and treatment of diseases are driving the biotechnology segment, which in turn is expected to boost the ingestible medical device market in North America. Europe is the second largest Ingestible Medical Devices Market, as there are favorable government policies regarding the development of health care infrastructure and molecular device companies. The Ingestible Medical Devices Market in Asia Pacific is expected to expand at a high growth rate during the forecast period due to rising population, changing lifestyle, increasing awareness among patients, and rising per capita expenditure. Additionally, the economic growth in India and China is supporting the health care infrastructure as well as expansion of pharmaceutical companies and biotech labs.

Major players operating in the global ingestible medical devices market include Proteus Digital Health, Inc., Olympus Corporation, HQ, Inc., Given Imaging, Ltd., Medtronic PLC, CapsoVision, Inc., IntroMedic Co., Ltd., and RF Co., Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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