Medical Sensors Market Analysis to 2027 Lead by TE Connectivity, NXP Semiconductors, STMicroelectronics, HONEYWELL INTERNATIONAL, Smiths Medical, First Sensor, Sensirion AG
Medical Sensors Market to 2027 - Global Analysis and Forecasts by Product Type (Temperature Sensors, Blood Glucose Sensors, Blood Oxygen Sensors, ECG Sensors, Image Sensors, Motion Sensors, Inertial Sensors, Pressure Sensors, and Others), Application (Diagnostic, Monitoring, Therapeutics, and Imaging), Technology (Wearable, Implantable, Strip, Invasive/Non-Invasive, and Embedded) and Geography
Increasing demand for home-based medical care and technological advancements in medical device industry are expected to fuel the growth of the medical sensors market during the forecast period. Moreover, shift towards wireless technology and implementation of nanotechnology based sensors in medical devices are anticipated to offer significant growth opportunities in the market.
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Key Medical Sensors market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of the last 3 years, the key development in the past five years.
List of Companies studied in this report-
1. Analog Devices, Inc.
3. TE Connectivity
4. NXP Semiconductors
6. HONEYWELL INTERNATIONAL INC.
7. Smiths Medical
8. First Sensor AG
9. Sensirion AG
10. General Electric (GE Measurement & Control Solutions)
Sensors are defined as devices that are able to detect physical, chemical, and biological signals and provide a way for those signals to be measured and recorded. Sensor technologies are used in medical industry as these sensors perform detection of physical signals such as vibration, pressure, temperature, flow rate and other parameters. These sensors are thus incorporated in a multitude of medical devices in order to attain suitable results and contribute to therapeutic and diagnostic benefits of these devices.
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• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Medical Sensors market
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
The global medical sensors market is segmented on the basis of product type application, and technology. Based on product type, the market is classified as, temperature sensors, blood glucose sensors, blood oxygen sensors, ECG sensors, image sensors, motion sensors, inertial sensors, pressure sensors, and others. On the basis of application, the market is classified as, diagnostic, monitoring, therapeutics, and imaging. Based on technology, the global medical sensors market is segmented into wearable, implantable, strip, invasive/non-invasive, and embedded.
North America is expected to contribute to the largest share in the medical sensors market in the coming years, owing to rise in number of government initiatives in the region for adoption of mHealth products and devices as well as high investments in public and private investments in medical device industry. Asia Pacific is anticipated to witness significant growth in the market during the forecast period, due to increasing prevalence of chronic disorders and increasing awareness among people regarding health monitoring devices.
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