Press release
Medical Sensors Market Big Boom by Leading Players: Medtronic Plc, Koninklijke Philips N.V., GE Healthcare
Increasing demand for optical sensors for use in medical devices is expected to propel growth of the global medical sensors market over the forecast period. For instance, in July 2020, OSI Systems, Inc. announced that its Optoelectronics division received an order for approximately US$ 5 million from a leading healthcare original equipment manufacturer (OEM) to provide optical sensors for use in medical devices.
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R&D in medical sensors is expected to offer lucrative growth opportunities for players in the global medical sensors market. For instance, in July 2020, researchers from North University of China, China, reported development of a novel refractive index sensor composed of a metal–insulator–metal waveguide with two rectangular stubs coupled with an elliptical ring resonator.
Emergence of Covid-19 is expected to boost demand for medical sensors in rapid test devices. For instance, globally, as of 11:38am CEST, 16 August 2020, there have been 21,260,760 confirmed cases of COVID-19, including 761,018 deaths, reported to WHO.
Moreover, increasing adoption of mHealth is also expected to boost demand for medical sensors. For instance, in August 2020, researchers from University of Massachusetts Amherst concluded that mobile health (mHealth) technologies are a viable option to monitor COVID-19 patients at home and predict which ones will need medical intervention.
Major players operating in the global medical sensors market include, Medtronic Plc, Koninklijke Philips N.V., GE Healthcare, FreeScale Semiconductors, Omnivision Technologies, Inc., Smiths Medical, Analog Devices, Inc., Honeywell International, Inc., Broadcom Limited, Danaher Corp., LORD Corporation, OSI Systems, Inc., Avago Technologies Limited, Measurement Specialties, Micro-Epsilon Messtechnik, Amphenol Advanced Sensors, and Sensirion AG.
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Key Findings Of The Study
• By type, the absolute Medical Sensors segment generated the highest revenue in 2020.
• By technology, the segment generated the highest revenue in 2020.
• By application, the segment generated the highest revenue in 2020.
Key offerings of the report:
1. Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
2. Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
3. Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
4. Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
5. Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.
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