Global Medical Sensors market estimated to grow by the rise in the number of patients afflicted with chronic conditions, coupled with growing usage of monitoring and therapeutic devices
Global Medical Sensors market expected to grow with a remarkable rate during the forecast period, 2020-2027. It is attributable to the surge in demand for early disease diagnosis and the widening scope of clinical applications. Moreover, the mounting burden of chronic disorders across the world and the increasing geriatric population will propel the growth of the global medical sensors market in the upcoming periods. Additionally, growing usages of medical sensors for heart pressure detection before cardiac surgery, clinical monitoring, and control of the physiological processes of the human body are projected to trigger the global medical sensors industry in the forthcoming periods.
Furthermore, technological advancements in medical devices to intelligent distributed healthcare systems for use as accurate detection and early warning of the healthcare conditions of patients will lead to the robust growth of the medical sensors market in the near future. Medical sensors replace the sense of organs of doctors and play an extended role. It has become a key technology restricting the development of high-level advanced medical equipment and essential technological foundations of the information society. Furthermore, the growing adoption of medical sensors for monitoring vital signs, such as patient temperature and blood pressure, will accelerate the global medical sensors market in future periods.
Sensor Type Overview in the Global Medical Sensors Market
Based on sensor type, the global Medical Sensors market classified into Pressure Sensors, Temperature Sensors, Blood Oxygen Sensors, Blood Glucose Sensors, Ingestible Sensors, Electrocardiogram (ECG) Sensors, Image Sensors, Motion Sensors, Touch Sensors, and Heart Rate Sensors. The Pressure Sensors segment likely to lead the market by 2027, owing to the pressure sensor help in monitoring efficient performance in respiratory breathing circuits, flow/pressure control, gas collection (hospital gas supply, oxygen concentrators), and sampling/gas flow.
Product Type Overview in the Global Medical Sensors market
Based on product type, the global Medical Sensor market classified into Non-Invasive, Monitoring Devices, and Invasive. The Non-Invasive segment projected to dominate the market by 2027, due to the growing demand for portable monitoring devices, and the rising adoption of IoT-based medical devices across the globe.
Application Overview in the Global Medical Sensors Market
Based on application, the global Medical Sensor market classified into Patient Monitoring, Diagnostic Imaging, and Medical Implants & Endoscopy. The Patient Monitoring segment accounted for gaining a major share in 2019, attributable to the easy availability of wireless monitoring devices and the growing incidence of lifestyle and chronic diseases across the globe.
End-User Overview in the Global Medical Sensors Market
Based on end-user, the global Medical Sensor market categorized into Hospitals & Clinics, Nursing Homes, Home healthcare, and others. The Home healthcare segment will be the fastest-growing segment in the forecast period, owing to home healthcare devices, such as pregnancy kits and glucose monitoring kits, due to cost-effectiveness and the easy operability of these products.
Regional Overview in the Global Medical Sensors Market
By geography, the Global Medical Sensors Market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America anticipated generating maximum revenue by 2027, due to the rise in suitable government funding, the prevalence of chronic disorders, and the increasing health awareness.
Global Medical Sensors Market: Competitive Landscape
Companies such as Texas Instrument, TE Connectivity, First Sensor, Medtronics Plc, NXP Semiconductors, Tekscan Inc, Amphenol Advanced Sensors, Proteus Digital Health, Sensirion, Cirtec Medical, Sensirion, Innovative Sensor Technology, Keller America, OmniVision Technologies, Masimo, TDK Sensors, Stanley Healthcare, EnviteC and Merit Medical Systems are the key players in the Global Medical Sensors Market.
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