Press release
Global Implantable Sensors Market May Set New Growth Story, Future Trends, Forecast to 2027
The global implantable sensors market is anticipated to grow at a considerable CAGR of 8.6% during the forecast period (2021-2027). The market growth is mainly attributed to the increase in self-monitoring sensors across the globe. The importance of implantable sensors has been increasing gradually over the years due to the rise in the innovation of technologies leading to self-monitoring and diagnosis of the patient. Moreover, it enables patients to get notified when any problem rises and leads to early problem identification with real-time data. In addition to this, the outbreak of the COVID-19 pandemic crisis has created the demand for implantable sensors to measure the oxygen level of the patient.(Get 15% Discount on Buying this Report)
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The rise in healthcare expenditure with the rise in the cost of medical treatment has shifted the interest of the people towards home-based healthcare services. An increasing rate of chronic diseases across the globe has led to the adoption of implantable sensors and the market has seen a high growth from the past few years. Several government initiatives and policies have also played a vital role in contributing to the growth of the market and providing approvals for the same. For instance, in June 2018, the US FDA had approved the first continuous glucose monitoring (CGM) system which was manufactured by Senseonics, Inc. This was approved by FDA to detect glucose for people above age 18 with diabetes. Such technologies allowing patients to gain better control over their health have led to market growth share for implantable sensors.
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Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global Implantable Sensors Market Report Segment
By Application
Medical Diagnostic
Clinical Therapy
Imaging
By End-User
Hospitals
Clinics
Diagnostic Center
Homecare
By Type
Glucose Sensor
Temperature Sensor
Oxygen Sensor
Pressure Sensor
ECG Sensor
Image Sensor
Global Implantable Sensors Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
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2. More than 120 countries are for analysis.
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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