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: Market Dynamics
- 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
- 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
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.
Historical/Estimated/Forecasted Market Size Years
2020-2027 (2020 estimated year, forecast up to 2027)
Value (USD Million)
Type, Product Type, Application and End-User
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
- NXP Semiconductors
- Proteus Digital Health
- Sensirion AG
- 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
Medical Sensors Market, by Product Type
- Monitoring Device
- Imaging Devices
Medical Sensors Market, by Application
- Drug Delivery
Medical Sensors Market, by End-User
- Hospitals & Clinics
- Nursing Homes
- Home Healthcare
Medical Sensors Market, by Region
- North America
- South Korea
- Rest of Asia-Pacific
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- 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?
- 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