Market Share of Ingestible Sensors Industry
The ingestible sensors marketis competitive and consists of a few major players. In terms of market share, few of these major players currently dominate the market. New entrants in this market are offering similar product prototypes at lower prices, which may cause hindrance to well-established companies. Collaborations and M&A are the key strategies followed by most of the companies to gain maximum market share.
- March 2019 -Olympus Corporation launched “PowerSpiral”in Europe and parts of the Asia-Pacific region, including Hong Kong and India. The system uses a motorized rotating attachment (“overtube”, DPST-1) that mounts on the scope and gently grips onto the mucosa to help the endoscope advance deep into the small intestine.
- June2018 -Silicon Valley medical device innovator CapsoVision, Inc. announced a distribution partnership with PENTAX Medical to sell CapsoCam Plus, the only capsule endoscope that includes four cameras and offers 360° panoramic lateral imaging of the small bowel. PENTAX Medical will also offer customers CapsoCloud™, the only cloud-based capsule endoscopy EMR system on the market.
Ingestible Sensors Market Leaders
Proteus Digital Health Inc.
CapsoVision, Inc.
Medtronic PLC
Olympus Corporation
HQ, Inc.
*Disclaimer: Major Players sorted in no particular order
