Key Market Insights
The global swallowable electronics market value was estimated just under USD 550 million in 2019 and is likely to witness rapid CAGR of just over 11% during the forecast period to reach over USD 975 million in 2027.
Swallowable electronics is rapidly evolving subset of medical devices industry. Swallowable electronics exhibit next level of advancement and miniaturization of medical devices. Swallowable electronics market is still in nascent stage and rapidly evolving. Extensive research and development in the field of swallowable electronics is undertaken by many prominent healthcare giants. The report titled swallowable electronics offers most comprehensive picture of this industry. Swallowable electronics is often referred digestive pill or tablet. Advancement in development of swallowable electronics is of critical importance in next level of diagnostic, surgeries and treatment.
The report titled global swallowable electronics market published by Credence Research, facilitate the readers to have birds eye view on the global market position with further insights into different regions and most prominent countries. AT present market mainly growing into developed economies owing to easy availability of technology. Most of prominent players are currently focused on developed market and with commercialization of this industry, the players are likely to expand in emerging economies.
Global Swallowable Electronics Market Share by Application, 2019
Major component of the global swallowable electronics market include; camera, radio transmitter, power source, biocompatible capsule encasing microsensor, and control chip. Sensors and radio transmitter are backbones of the swallowable electronics. Major functions carried our using swallowable electronics include patient monitoring, drug delivery, and capsule endoscopy. AT present, diagnosis is leading application market for the swallowable electronics market. However, with the advancement of technology its being effectively used for the drug delivery as well as endoscopy.
Global Swallowable Electronics Market Share by End-user, 2019 and 2027
Global swallowable electronics market was mainly dominated by the huge demand from hospitals. Other major end-using medical facilities for swallowable electronics industry includes diagnostics centers and others. With increasing endoscopy procedures and growing network of hospitals demand for swallowable electronics is likely to be triggered in the years to come. This report published by the Credence Research offers the prospective readers with most credible data including detailed market segment analysis at every level of the industry.
AT present the market for swallowable electronics is predominantly concentrated in North America. With the evolution of technology and decline in prices the market for swallowable electronics is expected to pick up the roots in emerging economies as well. At present it is mainly concentrated in U.S., Canada, Germany, UK, France, Japan, South Korea and China. However, with consolidated efforts from the manufacturers and research institutes, the market for swallowable electronics is projected to expand in demand. Key industry participants identified in global swallowable electronics industry are BDD Limited, CapsoVision, Inc., Medtronic, Proteus Digital Health, Inc., IntroMedic, JINSHAN Science & Technology, Olympus Corporation, and Medisafe.
Global Swallowable Electronics Market, Company Share 2019
Historical & Forecast Period
2015 to 2019 – Historical Years
2020 – Current year
2021 - 2027 – Forecast Period
The global swallowable electronics market research report covers all the segments and subsegments market size analysis from 2015 to 2019 (historical data), market estimated for base year i.e. 2020 and forecast till 2027.
Market Segmentation
Global Swallowable Electronics by Target Area, 2015 – 2027 (USD Million)
- Stomach
- Esophagus
- Small intestine
- Large intestine
Global Swallowable Electronics by Application, 2015 – 2027 (USD Million)
- Patient monitoring
- Drug delivery
- Capsule endoscopy
Global Swallowable Electronics by Component, 2015 – 2027 (USD Million)
- Biocompatible capsule encasing microsensor
- Control chip
- Radio transmitter
- Power source
Global Swallowable Electronics by End-user, 2015 – 2027 (USD Million)
- Hospitals
- Diagnostics centers
- Others
Global Swallowable Electronics Market, Key Players
- CapsoVision, Inc.
- Medtronic
- JINSHAN Science & Technology
- Olympus Corporation
- IntroMedic
- Medisafe
- BDD Limited
- Proteus Digital Health, Inc.
- Others
Key questions answered in this report
- COVID 19 impact analysis on global swallowable electronics industry
- What are the current market trends and dynamics in the swallowable electronics market and valuable opportunities for emerging players?
- What is driving swallowable electronics market?
- What are the key challenges to market growth?
- Which segment accounts for the fastest CAGR during the forecast period?
- Which product type segment holds a larger market share and why?
- Are low and middle-income economies investing in the swallowable electronics market?
- Key growth pockets on the basis of regions, types, applications, and end-users
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
