Press release
Medical Sensors Market Size, Status, Global Outlook 2020 To 2026
Top Companies in the Global Medical Sensors Market
GE Healthcare, Honeywell International Inc. (NYSE:HON), STMicroelectronics N.V. (NYSE:STM), Measurement Specialties, Analog Devices, Inc.(NasdaqGS:ADI), Medtronic, First Sensor, Smiths Medical, Texas Instruments, NXP Semiconductor, among others.
The global Medical Sensors market is expected to reach approximately US$ 20.1 Billion by 2026 growing at a CAGR of 8.7% from 2021-2026.
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Market Overview:
Medical Sensors refers to sensors in medical environments that detect chemical, physical and biological signals. The medical sensors provide a way for signals that are presented by medical devices to be measured and recorded. It is important that medical sensors are extremely accurate as well as reliable as the application of these sensors is within the extremely sensitive application of medicine. There are several applications of medical sensors in medicine such as for monitoring, imaging devices, fitness and wellness, diagnostics and therapeutics.
Market Insights:
Opportunities and Drivers for Medical Sensors Market
The medical sensors market has undergone a significant change in the evolution of sensor technology. With the invention of digital medical monitoring devices, sensors have become the core of medical monitoring devices market. They allow monitoring of the health condition of patients, elderly, etc. The wearable sensing instruments have also been of important in driving the market for medical sensors. With the increased use of fitness band, health & heart monitor, etc., wearable medical sensor market has seen an upward market trend. The interconnectivity of devices and the ability to transfer the information in real-time has made this segment very popular. Medical sensors are now able to sync to a variety of devices and are not limited to work on only one platform. This has allowed the market to explore unchartered domains in the recent years.
Monitoring is an Important Use of Medical Sensors
Sensors for monitoring are used in defibrillators & heart pacemakers, blood pressure monitors, patient monitoring equipment, and other integrated health monitoring equipment. Accelerometers are the core of these sensors. In medical applications, they are witnessing a significant growth rate owing to advancements in MEMS technology, which has enabled a wide range of new applications.
For instance, MEMS accelerometers can be used to alert medical professionals when patients fall. In particular, elderly patients may suffer serious injuries from a fall.
Trending News
STMicroelectronics N.V. (NYSE:STM):
Arrow Electronics, Panasonic Industry, and STMicroelectronics Join Forces to Deliver IoT Modules for Smart Applications
Neu-Isenburg, Germany; Munich, Germany; Geneva, Switzerland - May 19, 2020 - Arrow Electronics, Panasonic Industry, and STMicroelectronics (ST) have introduced a low-power wireless multi-sensor edge-intelligence solution for smart factory, smart home, and smart life applications.
The IoT Solution Module combines Arrow's engineering and global distribution capabilities with Panasonic Industry's IoT modules based on the ST BlueTile (STEVAL-BCN002V1B) multi-sensor development kit. This combination enables customers to test their ideas easily and bring new IoT products to the market faster..
( Source= in.finance.yahoo.com )
October 2017 - Murata Manufacturing Co, Ltd, announced the completion of the acquisition of Vios Medical, Inc. (Headquarters: St. Paul, MN, USA; Vios). This acquisition represents a major foothold for Muratas entry into the global healthcare and medical fields. Murata will effectively utilize Vioss technologies, expertise, and a network of overseas hospitals to work towards further business expansion. Vios a healthcare IT startup developed a chest sensor that can measure heart & respiratory rates and run electrocardiograms, etc.
August 2017 - Murata Manufacturing Co, Ltd successfully developed an ultra-small rotary encoder with the switch, the micro ES, which is now the worlds smallest encoder switch. This product is primarily intended for smartwatches, bluetooth supporting headsets, and smart glasses.
The Medical Sensors market can be divided based on product types and its sub-type, major applications and Third Party usage area, and important regions.
This report segments the global Medical Sensors Market on the basis of Types are
Band Sensor, Wearable Sensors, Implantable Sensor, Invasive/Non-Invasive Sensors, Uptake Sensor
On The basis Of Application, the Global Medical Sensors Market is Segmented into
Diagnosis, Treatment, Monitoring, Fitness
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Regions Are covered By Medical Sensors Market Report 2020 To 2026.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada and Mexico).
Europe (Germany, France, UK, Russia and Italy).
Asia-Pacific (China, Japan, Korea, India and Southeast Asia).
Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of Medical Sensors Market
-Changing Medical Sensors market dynamics of the industry
-In-depth market segmentation by Type, Application etc.
-Historical, current and projected Medical Sensors market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Medical Sensors Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
Frequently Asked Questions about Medical Sensors market:
- What are the recent developments and government policies?
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- Where are the greatest dangers?
The report has 150 tables and figures browse the report description and TOC
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All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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