Biomedical Sensors Market is Estimated to grow at a CAGR of 3.87% to Reach US$12.406 Billion by 2024

Knowledge Sourcing Intelligence announces the publication of a new report on “Biomedical Sensors Market - Forecasts from 2018 to 2024" to their offering.

Biomedical sensors are used to detect specific biological, chemical or physical processes and then report this data. They are also used for monitoring the safety of medicines, food and several other substances. The use of these sensors can provide and facilitate extra-laboratory analysis thus making it easier and convenient.

This report provides a detailed forecast and analysis of the biomedical sensors market which is projected to increase at a CAGR of 3.87% over the forecast period 2018-2024. The market for biomedical sensors is expected to surge during the forecast period as there is a rise in usage of nanotechnology in different applications and industries such as biomedical among others. Moreover, market growth will be further bolstered by the increasing awareness of using lab-on-chip technologies. The biomedical sensors market has been segmented on the basis of type, end-user industry, and geography.

Geographically, North America is expected to hold a significant share in the market owing to the fact that there are high consumer awareness and rising healthcare reimbursements and the increasing usage of advanced medical devices. Europe is also projected to witness significant growth over the coming years. Also, On the basis of end-user, hospitals and clinics are expected to hold a significant share in the market due to many hospitals, clinics and path labs using sensor-based medical devices to provide effective treatments as these sensors can help in detecting many diseases. Furthermore, the upcoming better products and investments by market players will continue to drive the biomedical sensors market in the coming years.

Some of the major players covered as part of the report are Honeywell International, Inc., STMicroelectronics N.V, First sensor AG, Medtronic, Smiths Group plc., Inc., Analog Devices, Inc., Texas Instruments, NXPSemiconductors., Lumasense Technologies, Inc., and Nonin Medical, Inc. among others.

This report segmented the biomedical sensors market on the basis following terms
• By Type
o Physical
o Chemical

• By End User
o Hospitals & Clinics
o Research Labs
o Diagnostic Labs
o Ambulatory Care

• By Application
o Diagnostic
o Medical Imaging
o Monitoring

• By Geography
o North America
 USA
 Canada
 Mexico

o South America
 Brazil
 Argentina
 Others

o Europe
 Germany
 France
 United Kingdom
 Spain
 Others

o Middle East and Africa
 Saudi Arabia
 Israel
 Others

o Asia Pacific
 Japan
 China
 India
 Australia
 South Korea
 Others

View a sample of the report or purchase the complete study at www.knowledge-sourcing.com/report/global-biomedical-sensor-market

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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on the niche and latest technologies. We engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.

This release was published on openPR.