Medical Sensors market accounted for over US$ 1.84 billion in 2019. It is anticipated to grow at a CAGR of 7.8% from 2020 to 2030.
Medical sensors are used to monitor, diagnose, and treatment of targeted diseases. These products are increasingly used to monitor vital physiological parameters that will help healthcare professionals regarding deviations in the vital signs. Such features would, in turn, improve the quality of care by avoiding unnecessary medical complications. Due to such reasons, the demand and acceptance for different types of medical sensors are increasing among healthcare professionals.
Major Key Players of the Medical Sensors Market are:
Texas Instrument, Innovative Sensor Technology, First Sensor, Analog Devices, Inc., NXP Semiconductors, Medtronic plc, Proteus Digital Health, Amphenol Advanced Sensors, Sensirion, Cirtec Medical, among others.
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The increasing prevalence of chronic disease coupled with a rising geriatric population will boost the growth of the market at a significant level during the forecast period. Chronically sick patients and therefore the massive senior population set kind the target population for the sensor-based devices because it is imperative for them to bear routine checkups; so, facilitating remote and point-of-care patient observation. Moreover, the increasing need for home healthcare devices, such as glucose observation as well as Blood Pressure monitoring is increasing due to cost-effectiveness and the easy operability of these products.
The Medical Sensors Market is segmented on the basis of Sensor Type, Application, End User and region.
Major Sensor Type of Medical Sensors Market covered are:
- Ingestible Sensors
- Temperature
- Pressure Sensors
- Blood Oxygen Sensors
- Image Sensors
- Touch Sensors
- Blood Glucose Sensors
- Motion Sensors
- ECG Sensors
- Heart Rate Sensor
Major Applications of Medical Sensors Market covered are:
- Medical Implants And Endoscopy
- Diagnostic Imaging
- Patient Monitoring
Regionally, North America and Europe accounted for maximum revenue share collectively. Increasing chronic disease incidences, new product developments coupled with the aging population will stimulate regional growth over the forecast period. On the flip side, the Asia-Pacific region is anticipated to witness the fastest growth during the review period. Growth is attributed to the rising income level, growing patient awareness, and strong development in healthcare infrastructure in this region. The Asia Pacific is expected to ascertain fast development over the coming period. Rising incidence of hearing loss significantly within the aged population paired with improvement within the distribution network of worldwide market players is foreseen to power the development of the Asia Pacific Medical Sensors market.
Research objectives:-
– To study and analyze the global Medical Sensors consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Medical Sensors market by identifying its various sub-segments.
– Focuses on the key global Medical Sensors manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Medical Sensors with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Table of Content
- INTRODUCTION
- Market Definition
- Market Classification
- Geographic Scope
- Years Considered for the Study
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
- GLOBAL MEDICAL SENSORS MARKET – ANALYSIS & FORECAST, BY SENSOR TYPE
- Ingestible Sensors
- Temperature Sensors
- Pressure Sensors
- Blood Oxygen Sensors
- Image Sensors
- Touch Sensors
- Blood Glucose Sensors
- Motion Sensors
- ECG Sensors
- Heart Rate Sensor
- Others
- GLOBAL MEDICAL SENSORS MARKET – ANALYSIS & FORECAST, BY APPLICATION
- Medical Implants And Endoscopy
- Diagnostic Imaging
- Patient Monitoring
- Others
- GLOBAL MEDICAL SENSORS MARKET – ANALYSIS & FORECAST, BY REGION
- North America Medical Sensors Market
- Europe Medical Sensors Market
- Asia Pacific Medical Sensors Market
- Rest of the World (ROW) Medical Sensors Market
- COMPANY PROFILES (Business Overview, Product Offered, Financial Performance*, Recent Developments)
- Texas Instrument
- Innovative Sensor Technology
- First Sensor
- Analog Devices, Inc.
- NXP Semiconductors
- Medtronic plc
- Proteus Digital Health
- Amphenol Advanced Sensors
- Sensirion
- Cirtec Medical
*Financial details might not be captured in case of privately-held companies or for companies that do not report this information in the public domain
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In the end, Medical Sensors industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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