Medical Sensors Market is Growing CAGR of 8% from 2016-2022 due to Increase in Prevalence of Chronic Diseases
Global Medical Sensors Market which is expected to grow at the CAGR of 8% from 2016 to 2022
Pune, India – January 30, 2017 /MarketersMedia/ —
Market Highlights
Medical sensors are devices which diagnosis a patient’s medical condition as well as monitor the same. These sensors increases the use of medical equipment’s such as life-supporting implants also in monitoring a patient’s vital health signs and other health factors which ultimately improves the quality of care provided to patients by avoiding complications. The Medical Sensors Market is booming due to the increasing aging population which has fueled the development of new and different types of medical equipment’s and has also increased demand for various sensors that are used in medical equipment and patients’ bodies.
On the basis of product type there are pressure sensors that are used in various medical devices such as drug delivery machines, infusion and insulin pumps, respiratory monitoring, blood pressure monitoring equipment and dental instruments. Other medical devices are temperature sensors which are used for monitoring temperature to provide unmatched accuracy and sensitivity in detecting body temperature. Image sensors are used in different types of imaging methods. Accelerometers are used in heart pacemakers and defibrillators, patient monitoring equipment, blood pressure monitors, and other integrated health monitoring equipment. Biosensors are used to diagnose glucose and cholesterol level as well as for testing for drug abuse and infectious diseases. Encoders are found in sports and healthcare equipment and other noncritical medical devices.
Kay Players
• TE Connectivity Corporation (US)
• Murata Manufacturing Co.
• Shimmer (Ireland)
• Merit Medical Systems, Inc. (US)
• Sensirion AG (Switzerland)
• Masimo Corporation (US)
• Mouser Electronics, Inc. (US)
• PreSens Precision Sensing GmbH (Germany)
• Novosense AB (Sweden)
• ST. JUDE MEDICAL (US)
• First Sensor AG
• Medtronic Plc. (Ireland)
• Measurement Specialties Inc. (U.S)
• Honeywell International, Inc. (U.S)
• Smiths Medical (U.K)
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Medical devices are used in various medical appliances including device, cardiovascular monitoring and diagnosis, patient monitoring, surgery/drug delivery system and many home diagnostics medical devices.
Global Medical Sensors Market:
The global medical sensors market has been evaluated to be rapidly growing and is expected to grow further in future. Factors such as increasing prevalence of chronic diseases and latest innovation in technologies will fuel the growth of the market. The global medical sensors market is expected to grow at the CAGR of 8% during in the future.
Regional Analysis:
Depending on geographic region, medical sensors market is segmented into four key regions: North America, Europe, Asia Pacific, and Middle East & Africa. Globally North America is the largest market for Medical sensors as it has the most advanced healthcare technologies along increasing demand for reliable and cost effective products. Europe is the second largest market for medical sensors. Asia Pacific region is expected to be fastest growing region of the medical sensors market due to rising awareness among patients and increasing healthcare expenditure.
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Segmentation:
Global medical sensors market has been segmented on the basis of product type which comprises of pressure sensors, SQUID, temperature sensors, biosensors, image sensors, accelerometers, encoders and others. On the basis of application; market is segmented into cardiovascular monitoring, patient monitoring, diagnosis, surgical/drug delivery, home and mobile health care and others. On the basis of end-users; market is segmented into hospitals, clinics, home healthcare and others.
Intended Audience
• Medical sensors manufacturers
• Medical sensors suppliers
• CROs/CMOs
• Government Research Laboratories
• Private Research Laboratories
• Research and Development (R&D) Companies
• Market Research and Consulting Service Providers
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