Biomedical Temperature Sensor Market to grow from value of USD 5.59 billion in 2017 to a value of USD 7.55 billion by 2023| Key Vendors - GE HEALTHCARE, HONEYWELL INTERNATIONAL INC., STMICROELECTRONICS N.V., FIRST SENSOR AG, MEDTRONIC PLC, SMITHS MEDICAL,

Market Analysis:

North America Has the Largest Market Share Followed By Europe

Matured markets in these regions have facilitated the deployment of these systems. The positive outlook of economic conditions and growing industry trends is driving the market in Asia-Pacific, which is expected to be fastest growing regions during the forecast period.

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From past few years, the demand for temperature sensors in the healthcare sector is increasing due to increase in investments from the government to have safe and reliable healthcare infrastructure. The rising demand for accurate information, rapid technological innovation, increasing demand from healthcare sector are some of the primary drivers that are responsible for increasing demand of the market during the forecast period.

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Market Segments:
Biomedical Temperature Sensor Market is segmented by:
1. Type: Thermocouples, Thermistors, Resistance Temperature Detectors (RTDs), Liquid Crystal temperature Sensors, Fibre Optic Sensors, Infrared Sensors, Others
2. End-user Industry: Pharmaceutical, Healthcare, Others
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market

•March 2018 - LumaSense Technologies, Inc., announced the release of version 1.5 of LumaSpec RT. This thermal imaging software offers high-speed, real-time data acquisition and image analysis for industrial users.

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