Medical Sensors Market Precise Outlook 2020- Analog Devices Inc., Medtronic Plc, Honeywell International Inc, ., STMicroelectronics N.V

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The medical sensors market size reached a value of nearly $13.0 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 9.2% to nearly $20.2 billion by 2023.

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Key Market Players:

NXP Semiconductors N.V., STMicroelectronics N.V., Analog Devices Inc., Medtronic Plc, Honeywell International Inc and Other

Industry News:

June 12, 2020: Medtronic plc (NYSE:MDT) and Blackstone (NYSE:BX) today announced that Medtronic intends to significantly increase research and development (R&D) funding in its Diabetes Group through an agreement to receive $337 million of funding from funds managed by Blackstone Life Sciences (“BXLS”) including co-investors, aimed at advancing new, innovative products especially designed to reduce the burden of diabetes management. The announcement was made in conjunction with the start of the virtual 80th Scientific Sessions of the American Diabetes Association (ADA). Medtronic’s diabetes device portfolio is designed to improve patient outcomes and provide greater lifestyle flexibility to Type 1 diabetes patients, which includes approximately 22 million individuals worldwide and 1.5 million individuals in the United States.

The diagnostics and imaging segment accounted for the largest share of the medical sensors market in 2018 at $6.2 billion. The highest growth is projected to come from the therapeutics segment, which is forecasted to grow at a CAGR of 10.9%. This is mainly due to large number of diabetic patients globally and the use of glucose sensors in insulin delivery systems to monitor and treat diabetic patients.

North America was the largest region in the medical sensors market in 2018, accounting for 43.6% of the global total. It was followed by Western Europe and Asia Pacific. Going forward, the fastest growth in the medical sensors market will take place in Asia Pacific where it is forecast to grow at a CAGR of 11.4%, followed by Africa where growth at a CAGR of 12.3% is expected. The USA is the largest country in terms of value in the medical sensors market. China and India are forecast to have the fastest growth, growing at CAGRs of 12.0% and 11.9% respectively.

Regional Analysis For Medical Sensors Market:
The report provides a detailed breakdown of the market region-wise and categorizes it at various levels. Regional segment analysis displaying regional production volume, consumption volume, revenue, and growth rate from 2020-2023 covers: Americas (United States, Canada, Mexico, Brazil), APAC (China, Japan, Korea, Southeast Asia, India, Australia), Europe (Germany, France, UK, Italy, Russia, Spain), Middle East & Africa (Egypt, South Africa, Israel, Turkey, GCC Countries)

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The market factors explained in the report:

Market Overview: It includes Medical Sensors Market study scope, top key players, segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.

Executive Summary: The Medical Sensors Market report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Regional Study: All of the regions and countries analyzed in the Medical Sensors Market report is studied on the basis of market size by application, the market size by product, key players, and market forecast.

Key Players: This part of the Medical Sensors Market report discusses expansion plans of companies, key mergers and acquisitions, funding and investment analysis, company establishment dates, revenues of manufacturers, and their areas served and manufacturing bases.

Market Forecast: Here, the report offers a complete forecast of the global Medical Sensors Market by product, application, and region. It also offers global sales and revenue forecasts for all years of the forecast period.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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