Medical Sensors Market by Type (Flow Sensor, Optical Sensor, Temperature Sensor), by Product Type (Non-Invasive, Invasive), by Application (Diagnostics, Monitoring), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2020 to 2027)

Medical Sensors Market - Global Industry Analysis and Forecast 2020 to 2027

Medical Sensors Market: Summary

The Global Medical Sensors Market is projected to reach a value of USD 19236.51 million by 2027 at a CAGR of 8.2%.

The Sensors is refer to a device which helps to detect physical, chemical as well as biological signals and also provide a signals to measure and record. The medical sensor are the electronic devices which is being integrated in the medical device, and equipment’s. It is being majorly implemented for the purpose of diseases diagnosis as well as the other health related applications. Global medical sensors market is rising with the growing integration of sensors in medical devices. However, the slower rate of penetration of advanced medical systems are anticipated to hamper the growth of the market.

Medical Sensors Market

Medical Sensors Market: Market Dynamics

Market Driver:

  • Growing R&D Funding for Medical Devices  
    • There has been growth in R&D funding for medical devices is play a significant role for the medical sensors market.
    • On May 2017, the Senseonics Holdings Inc., a medical technology company, has raised USD 41 million to commercialize Eversense continuous glucose monitoring system as well as to support R&D for next-generation versions of the sensor.
    • On October 2018, the Otsuka and Proteus Digital Health had announce to expanded collaboration agreement to advance digital medicines for mental health. These partnership helps to develop the world first digital medicine a drug product, which combines Otsuka’s ABILIFY for serious mental illness with Proteus’s ingestible sensor in a single tablet to record ingestion digitally.
    • For example, the 2017 the Indian government, National health policy plan with development universal healthcare for the citizens as well as for the well bring for the society. These will lead to enhance the quality and lower the healthcare delivery cost in the country.
    • Furthermore, on 2016 the Endotronix, Inc. a developer of wireless and implantable pressure sensors, has raised USD 32 million in series C round of financing. Hence, these will lead to result in the growth of medical sensors which is projected to boost the growth of the market in the forecast period.
  • Growing Integration of Sensors in Medical Devices
  • Increasing Demand for Portable Medical Devices and Wearable Sensors

Market Challenges:

  • Slower Rate of Penetration of Advanced Medical Systems

Medical Sensors Market: Key Segments

The medical sensors market is majorly segments into type, product type, application and end-user.

  • On the basis of type, the market is bifurcated into flow sensor, optical sensor, temperature sensor, pressure sensor, blood oxygen sensors, ECG sensors, and heart rate sensors and other.
  • On the basis of product type, the market is sub segmented into non-invasive and invasive.
  • On the basis of application, the market is divided into diagnostics, therapeutic, monitoring, drug delivery and other. The therapeutic and the monitoring segments are projected to grow at the high rate in the forecast period. The advance easy to operate monitoring devices are launched which helps to deliver highly accurate results in less time.
  • On the basis of end-user, the market is sub segmented into hospitals & clinics, nursing homes, home healthcare and others. The home healthcare is projected to grow further over the forecast period as per the US Bureau of Labor Statistics the number of home based tests is projected to grow with the introduction of user friendly diagnostic kits.

Medical Sensors Market: Key Regions

 

Medical Sensors

On the basis of region, the market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America accounted for the major market share with the growing healthcare awareness and the government funding. However, Asia-Pacific is projected grow at the fastest growth rate, with growing number of individuals suffering from chronic disorders, that includes diabetes, hypertension, as well as the respiratory problems.

Medical Sensors Market: Report Scope

The report on the medical sensors market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2019-2027

Historical Year

2018

Base Year

2019

Forecasted Period

2020-2027 (2020 estimated year, forecast up to 2027)

Measured Units

Value (USD Million)

Segments Included

Type, Product Type, Application and End-User

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

  • Amphenol Advanced Sensors (Company Overview, Financial Overview, Product Synopsis, Key Developments, SWOT Analysis, & Key Strategy)
  • First Sensor AG
  • Medtronic
  • NXP Semiconductors
  • Proteus Digital Health
  • Sensirion AG
  • STMicroelectronics
  • TE Connectivity
  • Tekscan, Inc.
  • Texas Instruments Incorporated
  • Other Key Companies

Medical Sensors Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Medical Sensors Market, by Type

  • Flow Sensor
  • Optical Sensor
  • Temperature Sensor
  • Pressure Sensor
  • Blood Oxygen Sensors
  • ECG Sensors
  • Heart Rate Sensors
  • Other

Medical Sensors Market, by Product Type

  • Non-Invasive
    • Monitoring Device
    • Imaging Devices
  • Invasive

 Medical Sensors Market, by Application

  • Diagnostics
  • Therapeutic
  • Monitoring
  • Drug Delivery
  • Other

Medical Sensors Market, by End-User

  • Hospitals & Clinics
  • Nursing Homes
  • Home Healthcare
  • Others

Medical Sensors Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Medical Sensors Market Providers
  • Medical Sensors Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Medical Sensors Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE Medical Sensors Market STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Growing Integration of Sensors in Medical Devices
      2. Increasing Demand for Portable Medical Devices and Wearable Sensors
      3. Growing R&D Funding for Medical Devices
    3. Restraints
      1. Slower Rate of Penetration of Advanced Medical Systems
    4. Opportunities
      1. Growing Advancement in Digital Technologies
      2. Increasing Aging Population of Emerging Economies
      3. Rising Demand for Digital Medicine and Sensor-Enabled Pills
    5. Challenges
      1. Inadequate Reimbursement Policies
  5. Market Factor Analysis
    1. Porters Five Forces Analysis
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
    3. Value Chain Analysis
      1. R&D and Designing
      2. Manufacturing
      3. Distribution & Sales
      4. Post-Sales Services
    4. COVID-19 Impact Analysis
      1. Impact on Service
      2. Impact on Market Growth
      3. Impact on Regions
  6. GLOBAL MEDICAL SENSORS MARKET  BY TYPE, MARKET SIZE IN USD MILLION (2018-2027)
    1. Introduction
    2. Flow Sensor
    3. Optical Sensor
    4. Temperature Sensor
    5. Pressure Sensor
    6. Blood Oxygen Sensors
    7. ECG Sensors
    8. Heart Rate Sensors
    9. Other  
  7. GLOBAL MEDICAL SENSORS MARKET  BY PRODUCT TYPE, MARKET SIZE IN USD MILLION (2018-2027)
    1. Introduction
    2. Non-Invasive
      1. Monitoring Device
      2. Imaging Devices
    3. Invasive
  8. GLOBAL MEDICAL SENSORS MARKET  BY APPLICATION, MARKET SIZE IN USD MILLION (2018-2027)
    1. Introduction
    2. Diagnostics
    3. Therapeutic
    4. Monitoring
    5. Drug Delivery
    6. Other  
  9.  GLOBAL MEDICAL SENSORS MARKET BY END-USER MARKET SIZE IN USD MILLION (2018-2027)
    1. Introduction
    2. Hospitals & Clinics
    3. Nursing Homes
    4. Home Healthcare
    5. Others
  10. GLOBAL MEDICAL SENSORS MARKET  BY REGION, MARKET SIZE IN USD MILLION (2018-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Australia
      5. South Korea
      6. Rest of Asia-Pacific
    3. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Spain
      6. Rest of Europe
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  11. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
    4. Key Developments
  12. COMPANY PROFILES
    1. Amphenol Advanced Sensors
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
      6. Key Strategy
    2. First Sensor AG
    3. Medtronic
    4. NXP Semiconductors
    5. Proteus Digital Health
    6. Sensirion AG
    7. STMicroelectronics
    8. TE Connectivity
    9. Tekscan, Inc.
    10. Texas Instruments Incorporated
    11. Other Key Companies
  13. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : SC 0124

Published : October, 2020


LET’S GET STARTED

Ready To Make a Real Change?