Press release
Biomedical Sensors Market 2020: Research Report By Opportunities & Challenges in Near Future by with Different Segments, Forecast- 2027
Biomedical Sensors Market
The biomedical sensors market is expected to reach US$ 15,338.57 million by 2027 from US$ 8,688.63 million in 2019. The market is estimated to grow at a CAGR of 7.4% from 2020 to 2027.
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The List of Companies
Analog Devices, Inc.
GE Healthcare
STMicroelectronics
Honeywell International
Medtronic
NXP Semiconductors N.V.
Pinnacle Technology Inc.
Sensirion AG
TE Connectivity
Texas Instruments Incorporated
Market Insights
Rising Incidence of Lifestyle-Based Diseases
Factors such as antimicrobial resistance, adoption of unhealthy lifestyles, alcohol consumption, and smoking contribute to rising prevalence of lifestyle-based diseases, such as diabetes. As per the International Diabetes Federation, in 2019, ~463 million adults had diabetes, and this number is expected to reach 700 million by 2045. Therefore, the demand for biomedical sensors is increasing for regular health monitoring.
Moreover, cardiovascular diseases (CVD) pose a significant threat to human health and lead to a tremendous burden on developed and developing economies worldwide. According to the World Health Organization, CVD accounted for nearly 17.9 million deaths in 2018. This boosts the need for patient monitoring devices to mitigate the death rate caused due to lifestyle-based diseases.
Additionally, rising number of geriatric population and increasing cases of obesity are the factors promoting the health awareness among population. Various established players in the medical device industry have been investing a significant amount in R&D activities to develop better and advanced solutions to cater to the needs of their customers. With the regulations laid down by the government bodies, it is possible to obtain better and reliable health management solutions, ensuring quality care, patient safety, and disease management. For instance, the Centers for Disease Control and Prevention leads efforts to control communicable and infectious disease outbreaks and promote immunization to the people. The federal government also aids states with funding and guidance for emergency preparedness. Thus, the above factors are expected to drive the biomedical sensors market during the forecast period.
Research report has been compiled by studying the market in-depth along with drivers, opportunities, restraints & other strategies as well as new-developments that can help a reader to understand the exact situation of the market along with the factors that can limit or hamper the market growth and the report also has been updated with Impacts & effects of Coronavirus pandemic and how it has influenced consumer behavior & the growth of the market as well as industries.
The COVID-19 outbreak is currently going the world over, the Biomedical Sensors Market report covers the impact of the corona-virus on top company’s growth. This research report categorizes as the key players in the Biomedical Sensors market and also gives a comprehensive study of Covid-19 impact analysis of the market by regions like (Americas, Europe APAC, and EMEA).
The report offers key drivers that propel the growth in the global Biomedical Sensors market. These insights help market players in devising strategies to gain market presence. The research also outlined the restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining the potential in untapped regions.
This report focuses on the global Biomedical Sensors market with the future forecast, growth opportunity, key market, and key players. The study objectives are to present the Biomedical Sensors market development in North America, Europe, China, Japan, Southeast Asia, India, and Central & South America.
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