openPR Logo
Press release

Medical Sensors Market Seeking Excellent Growth | Honeywell International, Inc., TE Connectivity, Dexcom

10-09-2019 03:32 PM CET | Health & Medicine

Press release from: Transparency Market Research

Medical Sensors Market

Medical Sensors Market

Transparency Market Research (TMR) has published a new report titled, “Medical Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global medical sensors market is projected to reach US$ 27.7 Bn by 2026 at a CAGR of 9.9% from 2018 to 2026. Factors such as increase in government initiatives for the adoption of mHealth products and rise in adoption of Internet of Things (IoT) and other medical advancements are propelling the global market.

Report Overview @

https://www.transparencymarketresearch.com/medical-sensors-market.html

Moreover, increase in public and private investments in mHealth products and rise in adoption of smartphones and other electronics with sensor technology boost the growth of the global medical sensors market. The Americas is projected to dominate the global medical sensors market owing to availability of advanced health care infrastructure and high consumption of medical devices. Asia Pacific and Europe, Middle East, and Africa (EMEA) are potential markets. The medical sensors market in Asia Pacific is expected to expand at a CAGR of 11.4% during the forecast period. Increase in focus on development of medical sensors in the past few years, improvement in health care infrastructure, and early detection of diseases fuel the growth of the medical sensors market in Asia Pacific and EMEA.

Rise in Government Initiatives for Adoption of mHealth Products and Increase in Public and Private Investments in Medical Sensor Companies to Drive Market

Increase in government initiatives for adoption of mHealth products drives the global market. The U.K. Government Department of Health started the NHS digitization initiative in 2016 and allocated over US$ 6.0 Bn for it. More than US$ 2.6 Bn was allotted to transfer paper records to a centralized electronic record system, implementation of wireless technologies, and addressing cyber security concerns in NHS IT ecosystem. New innovations in the health care industry in terms of medicine are fast and productive. IoT has emerged as the next wave in the industry. Google and Novartis launched their combined plan in 2014 to create a connected lens with the ability to monitor blood glucose levels by analyzing an individual’s tears.

Request a PDF Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=407

Implantable Sensors to be Highly Lucrative Segment

Implantable sensors is an emerging segment of medical sensors. The segment is projected to account for 28.5% share of the market by 2026. It is anticipated to expand at a CAGR of 12.0% during the forecast period from 2018 to 2026. Advancements in sensor technology and rise in demand for continuous monitoring systems such as continuous glucose monitoring (CGM) are anticipated to boost the growth of the segment during the forecast period.

Home Care Settings to be Promising Segment

In terms of end-user, the global medical sensors market has been segmented into hospitals, clinics, home care settings, and others. The hospitals segment held the major share of the global market in 2017. The segment is projected to expand at a CAGR of 9.2% from 2018 to 2026. The home care settings segment is anticipated to expand at a CAGR of 12.7% during the forecast period. The segment is expected to gain market share by 2026. Rise in use of wearable health tracker for the measurement of blood pressure, heart rate, and metabolites such as glucose and lactate are the factors likely to boost the use of medical sensors in the home care settings segment.

Americas Projected to Dominate Global Market

The global medical sensors market has been divided into three major regions: the Americas, Europe, Middle East and Africa, Asia Pacific. The Americas dominated the global market in 2017. The market in the region was valued at US$ 6.27 Bn in 2017. This is attributed to the availability of advanced health care infrastructure and high consumption of medical devices in the region. The medical sensors market in the Americas is projected to expand at a CAGR of 9.0% during the forecast period. Biosensors and wearable sensors are the two most promising segments in the region.

The medical sensors market in Asia Pacific is expected to expand at a CAGR of 11.4% during the forecast period. The region is likely to gain market share due to rise in prevalence of chronic disorders and surge in awareness about medical sensors among the people. Rise in disposable income of people also contributes to the growth of the market in Asia Pacific and EMEA. Increase in focus on development of medical sensors in the past few years, improvement in health care infrastructure, and early detection of diseases fuel the growth of the medical sensors market in APAC and EMEA.

Honeywell International, Inc. and Medtronic to Lead Global Market

The global medical sensors market is semi-consolidated in terms of number of players. Key players in the global market include Cardiomo, Honeywell International, Inc., TE Connectivity, Dexcom, Inc., Medtronic, Danaher Corporation, First Sensor AG, Sensirion AG, Smiths Group plc, and GluSense Ltd. Honeywell International, Inc. and Medtronic were the market leaders in 2017 and are expected to dominate the market during the forecast period. Developing new technologies and products as well as merger and acquisition are the key strategies followed by the key players.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Medical Sensors Market Seeking Excellent Growth | Honeywell International, Inc., TE Connectivity, Dexcom here

News-ID: 1845487 • Views: 470

More Releases from Transparency Market Research

Voltage Detectors Market – Evolving Technology Trends and Industry SWOT Analys …
The global voltage detectors market includes large number of players. Some of the key players are Texas Instruments, Toshiba, ROHM Semiconductor Sharp Microelectronics, Analog Devices Inc., STMicroelectronics, ON Semiconductor, Torex Semiconductor, Taiwan Semiconductor and Seiko Instruments. Browse Our Report @ https://www.transparencymarketresearch.com/voltage-detectors-market.html Voltage Detector is a testing equipment generally used to determine the existence or absence of an electrical charge in an object. It is highly suggested for conditions where power issues exist.
Switched Capacitor Filters Market : Key Segments, Maket Insights, Regional Outlo …
Major players in the global switched capacitor filters market are Texas Instruments Incorporated, Analog Devices, Inc., Maxim Integrated, Inc., Siemens AG, Eaton Corporation, and among others. Browse Our Report @ https://www.transparencymarketresearch.com/switched-capacitor-filters-market.html A switched capacitor filter is an active filter based on the consideration that a switching of capacitors between two circuit nodes at an adequately high rate that is equivalent to a resistor connecting these two nodes. The switched capacitor filters are
Current Calibrator Market : Recent Industry Developments And Growth Strategies A …
Key players operating in the global current calibrator market include Valhalla Scientific, Rotek Inc., Time Electronics, PCE Instruments, Martel Electronics, AOIP Instrumentation, Extech Instruments, Yogokawa Test & Measurement Corporation, Extech Instruments, REED Instruments, Fluke Corporation, and others. These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the
Damp Meter Market – Outlook by Responsible Drivers, Restraints, Demand
Key players operating in the global damp meter market include PCE Instrument, Delmhorst Instrument Co., GENERAL TOOLS & INSTRUMENTS LLC, FLIR Systems, Inc. designs, Panomex Inc., These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the global market are collaborations, partnerships, agreements, and new product launches. The

All 5 Releases


More Releases for Sensor

Global Wheel Speed Sensor (ABS Sensor) Market Insights, Forecast
This report presents the worldwide Wheel Speed Sensor (ABS Sensor) market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=60313 Table of Contents: Table of Contents 1 Study Coverage 1.1 Wheel Speed Sensor (ABS Sensor) Product 1.2 Key Market Segments in This Study 1.3 Key Manufacturers
Global Body Sensor Market - By Type (EEG Sensor, Visual Sensor, Respiration Sens …
Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalog by adding a fresh study titled “Global Body Sensor Market - Assessment Covering Growth Factors and Upcoming Trends by 2022 End”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2022. The report also targets important facets such as market drivers, challenges, latest trends,
Actuator Sensor Interface Market: Growing Demand For Actuator Sensor Interface
An industrial networking solution (protocol, data access method and physical layer) that is used in a distributed control system (DCS), programmable logic controller (PLC), and PC-based automation system is called an actuator sensor interface or AS-i. An AS-i is designed to connect field input/output (I/O) devices (for instance ON/OFF devices such as rotary encoders, sensors, push buttons, valve position sensors, and analog inputs and outputs) in process applications and discrete
Global Passive Infrared Sensor (PIR Sensor) Market Report Till 2022
Market Study Report Add New Global Passive Infrared Sensor (PIR Sensor) Market Outlook 2017-2022 to its research database presenting an informative study covering the market with detailed analysis. The report will assist reader with better understanding. The report spread across 95 pages with table and figures in it. A passive infrared sensor (PIR sensor) is an electronic sensor that measures infrared (IR) light radiating from objects in its field of view.
Motion Sensor Market Revenue Forecast 2015 - 2023 Microwave Sensor, Infrared Mot …
Research report on "Motion Sensor Market (By Types - MEMS Magnetometer, MEMS Accelerometer, MEMS Gyroscope and Sensor Combos By Technology Types - Microwave Sensor, Infrared Motion Sensor, Tomographic Sensor, Ultrasonic Sensor and Others By Application Type - Industrial Application, Consumer electronics, Automotive Application, Fitness and Wellness, Healthcare, Aerospace and Defense and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023" Motion sensor is a device that
Automotive MEMS Sensor
The Insight Partners added “Laser Technology Market to 2025” to its research database. The report is spread across 150 pages and supported by 10 company leaders. A laser is a coherent and focused beam of photons; coherent, in this context, means that it is all one wavelength, unlike ordinary light which showers on us in many wavelengths. Laser technology is used for an extensive range of professional field measurement applications which