Medical Sensors play an important role in medical technology as they make medical devices even more effective, safer, and smarter. At the same time, they also simplify the operation in the healthcare industry. Market Research Future (MRFR) has published a research report about the global medical sensors market that infers maturation for this market with 7.6% CAGR between 2016 and 2022.
Analyzing the market structure, this report evaluates the future growth potential of the market. It observes the strategies of the key players in the market and follows the competitive developments such as joint ventures, new product developments, mergers and acquisitions, research and developments (R & D) in the market. The global medical sensors market is growing steadily and have a bright future. The significant technological advancement and demand for smart medical devices is the primary reason for the growth of this market.
The Global Medical Sensors Market has been segmented on the basis of application, sensor placement, types, and lastly region. The application-based segmentation segments this market into diagnostics, fitness, imaging, medical therapeutics, monitoring, and others. Based on sensor placement, the market has been segmented into implantable sensors, ingestible sensors, invasive/non-invasive sensors, strip sensors, and wearable sensors. By types, the market has been segmented into blood glucose sensors, blood oxygen sensors, Electrocardiography (ECG) sensors, image sensors, inertial sensors, motion sensors, pressure sensors, and temperature sensors, and others.
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Medical Sensors Market – Competitive Landscape
Some of the leading market participants discussed in MRFR’s report include
- Medtronic Plc.
- Measurement Specialties Inc.
- NXP Semiconductors N.V.
- Smith’s Medical
- Given Imaging, Inc.
- GE Healthcare
- First Sensor AG
- Honeywell International, Inc
- STMicroelectronics N.V.
- Philips Healthcare
Medical Sensors Market – Industry Trends and News
LifePlus, a healthcare startup has recently revealed what the company believes is the world-first noninvasive continuous blood glucose monitoring multi-sensor wearable. The company has named the device “LifeLeaf”, which will be part of the company’s effort to capitalise on the growing medical wearables category. Apart from monitoring blood glucose, the devices will be capable of tracking blood pressure, track heart rate, oxygen saturation and respiration rate.
Leading wearable technology company Fitbit is reportedly going to leverage Google’s new Cloud Healthcare API to increase its healthcare-centric capabilities. With the help of Cloud Healthcare API, the company will be able to connect its devices to EMRs and provide clinicians and patients a more complete view of the patient profile.
Medical Sensors Market – Regional Outlook
On the basis of region, the market is North America expected to remain highly attractive throughout he reviews period. High healthcare expenditure and presence of prominent healthcare focused tech firms in the regions is supporting the growth of the market in North America. The region is expected to be followed by Europe and Asia Pacific (APAC) respectively. During the forecast period, the APAC medical sensors market is projected witness a relatively higher CAGR.
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Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
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