Medical Sensors Market Industry Size, Global Trends, Growth, Opportunities, Market Share and Market Forecast 2018-2023

The medical sensors market plays an important role to make medical devices safer and effective while simplifying the operation in the healthcare industry. The market is diversified with various sensors including image sensors, pressure sensors, flow sensors, ECG sensors, temperature sensors, and blood glucose sensors. The market develops the sensors of therapeutic including cardiac catheter sensors, insulin pump sensors and cardiac therapeutic electrode sensors that support the medical process in multiple dimensions to re-balance the patient’s health. Rising need for remote patient monitoring and increasing demand for disposable medical sensors and biosensors including wearable smart wristwatches, painless diabetes monitors is contributing to the market growth. A significant rise in the development of implantable and wearable devices have propelled the medical sensors market.

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The medical sensor technologies provide flexibility in the healthcare management through the quick diagnosis of diseases by using sensors including strip sensors, ingestible sensors, invasive and non-invasive sensors, embeddable sensors that improve disease treatment. Rising incidence of chronic diseases, increasing aging population, increasing patient preference for home healthcare services and increasing utilization of medical sensors in laboratory practices are the driving factors of the medical sensors market. Continuous glucose monitoring (CGM) system is used to monitor the blood glucose level. The CGM system automatically tracks and manages blood glucose levels through sensors and prevent the complications of the diseases.

The medical sensors market comprises of a large number of market players that are significantly operating across the globe including Analog Devices, Inc., NXP Semiconductors N.V., First Sensor AG, Honeywell International, Inc., Smiths Medical, and GE Healthcare. First Sensor AG develops and produces a customer-specific solution that provides the medical sensors for microtechnology and nanotechnology such as radiation sensors, level sensors, inertial sensors, optical sensors. Neuromodulation therapy also utilizes medical sensors to treat obstructive sleep apnea that delivers stimulation during sleep and controlled by wearable patch.

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Recent technological advancement in medical sensors enhances the use of smart sensors in wearable devices to track the current state of patient’s health. Some of these include smartwatch for heart rate, diabetic care devices, orthopedic care devices, sleep apnea devices, and surgery-specific sensory devices. The applications of biosensors are emerging in the medical field to diagnose infectious diseases. The biosensor is the analytical equipment that becomes a robust operation across the globe and contributes to developing next-generation medications. Moreover, biosensors are pervasively used in clinical applications for diagnosis of diabetes mellitus that controls over glucose levels.

Global Medical Sensor Market Segmentation

By Product Types

• Biosensors
• Image Sensors
• Temperature Sensors
• Pressure Sensors
• ECG Sensors
• Blood Glucose Sensors
• Others

By End-User

• Hospitals
• Clinics
• Home Healthcare
• Others

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Global Medical Sensor Market – Segment by Region

North America
• US
• Canada

Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World
• Middle East & Africa
• Latin America

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