Medical Sensors Market Scenario
Market Research Future (MRFR) analysed the Medical Sensors Market 2020 till the forecast period 2018 to 2025. By 2025, the medical sensor market can rise at 9.0% CAGR, reveals MRFR. The medical sensor market value can rise from USD 12,000 Mn to USD 18,600 Mn from 2018 to 2025. The increase in prevalence of obesity, along with expansion of geriatric population, can be the chief factor that can drive the medical sensor market in the analysis period. Low battery life of mobile computers and the availability of reimbursement policies are expected to propel the medical sensor market through the review period. On the other side, the stringent government regulations can hinder the market rise through the analysis period. However, upgradation in wearable technology can bolster the medical sensor market through the review period.
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Medical Sensors Market Segmentation
The segment analysis of the global medical sensors market is done by sensor placement, type, application, and end user.
The type based segment of the medical sensors market are blood glucose, temperature sensors, blood oxygen sensors, sensors, image sensors, electrocardiogram (ECG) sensors, inertial sensors, motion sensors, and pressure sensors. The sub-segments of the future pressure sensors segment are patient monitors, respiratory devices, and future solutions. The future pressure sensors segments can win considerable traction that can benefit the market.
The sensor placement based segments of the medical sensor market are wearable sensors, strip sensors, invasive/non-invasive sensors, implantable sensors, and ingestible sensors. The ingestible sensors are easy to administer, thus can exhibit high traction. At the same time, the growing application of invasive/non-invasive sensors can favor the market in the near future.
The application based segments of the medical sensor market are therapeutics, diagnostics, imaging devices, monitoring, and fitness and wellness among others. The therapeutics application segment can expand exponentially in the approaching years.
The end users based segments of the medical sensor market are home care setting, and hospital and clinic among others. In COVID 19 pandemic, the rise in the number of home care setting can bolster the expansion of the medical sensor market through the study period.
Medical Sensors Market Regional Assessment
North America medical store market is expected to escalate at a rapid pace as application of medical sensors is observed to increase. In Europe, the medical sensor market is likely to secure the second-largest share in the world. APAC medical sensor market can attain global foothold in the years to come. MEA market can rise steadily in the years to come.
The advanced technical base in North America can underpin the expansion of the medical sensors market in the region. The presence of a high density patient populace provide suitable environment for the medical sensor market to rise. In Europe, the medical sensor market can grow exponentially as the healthcare domain is observed to undergo modernization. Asia Pacific market is expected to rise due to certain reasons, such as rise in urbanization and technological advancement among others. Japan and South Korea are expected to provide thrust to the regional market. In the MEA region, lack of awareness, education, technological development, and political instability are some factors that can cause the medical sensor market to slow down. However, efforts made by government in the healthcare field can promote the expansion of the market through the analysis period.
Medical Sensors Market Key Players
GE Healthcare (USA), First Sensor AG (Germany), Smiths Medical (USA), Honeywell International Inc (USA), Given Imaging Inc (Israel), Medtronic PLC (USA), Measurement Specialties Inc. (USA), Philips Healthcare (India), NXP Semiconductors N.V. (Netherlands), and STMicroelectronics (Switzerland) are some well-established medical sensors marketers that are profiled by MRFR.
Table Of Contents:
Chapter 1. Executive Summary
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
Chapter 5. Market Factor Analysis
LIST OF TABLES
Table 1 Global Medical Sensors Market Synopsis, 2019–2025
Table 2 Global Medical Sensors Market Estimates And Forecast, 2019–2025 (USD Million)
Table 3 Global Medical Sensors Market, By Type, 2019–2025 (USD Million)
Table 4 Global Medical Sensors Market, By Sensor Placement, 2019–2025 (USD Million)
Table 5 Global Medical Sensors Market, By Application, 2019–2025 (USD Million)
Table 6 Global Medical Sensors Market, By End User, 2019–2025 (USD Million)
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