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Biomedical Sensors Market Research and Technology Advancements 2021 - GE Healthcare, Honeywell International Inc., Stmicroelectronics N.V.

11-22-2021 10:59 AM CET | IT, New Media & Software

Press release from: Market Insights Reports

The Global Biomedical Sensors Market Report provides a study with an in-depth overview, describing the product/industry scope and elaborates market outlook and status (2021-2026). The report is curated after in-depth research and analysis by experts. The report provides comprehensive valuable insights on the global Biomedical Sensors market development activities demonstrated by industry players, growth opportunities, and market sizing with analysis by key segments, leading and emerging players, and geographies.

The biomedical sensors market was valued at USD 10.79 billion in 2020 and expected to reach USD 15.13 billion by 2026 and grow at a CAGR of 6% over the forecast period (2021 - 2026).

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Top Companies in the Global Biomedical Sensors Market: GE Healthcare, Honeywell International Inc., Stmicroelectronics N.V., First Sensor AG, Medtronic PLC, Smiths Medical, Measurement Specialties, Inc., Analog Devices, Inc., Texas Instruments, NXP Semiconductor N.V., LumaSense Technologies, Zephyr Technology Corp., Nonin Medical Inc., Innovative Sensor Technology USA

Industry News:

- February 2019 - Texas Instruments (TI) announced today new bulk acoustic wave (BAW)-based embedded processing and analogue chips for the next generation of connectivity and communications infrastructure. The first two devices developed with TI BAW technology, the SimpleLink CC2652RB wireless microcontroller (MCU) and the LMK05318 network synchronizer clock will help system designers streamline design logistics for faster time to market, while enabling stable, simplified and high-performance data delivery, which in return, allows for potential overall development and system cost savings.

Key Market Trends

Healthcare Industry Holds a Substantial Share of Biomedical Sensors Market

- Recently, many healthcare researchers are increasingly focusing on early detection and prevention of illnesses. Infectious diseases are becoming the leading cause of death, especially for people in developing countries, and early detection and accurate diagnosis of these diseases is turning out to be a vital factor driving the market for biomedical sensors.
- Accelerometers are used for measuring heart rate, blood pressure, and levels of glucose and oxygen in the blood. These sensors have major applications in devices such as defibrillators and pacemakers. Hence, the growing awareness concerning healthcare has increased the need for sensor technologies and monitoring devices that are able to sense and provide feedback to the users about the health status for increased safety.

Segment by Type
Pressure Sensors
Temperature Sensors
Image Sensors
Motion Sensors
Inertial Sensors
Others

Segment by Application
Pharmaceutical
Healthcare
Others

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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North America Dominates the Global Biosensor Market

- North America is the chief revenue contributor for the biomedical sensor market and is estimated to grow rapidly, owing to the big number of vendors of medical sensors. The chief driving factors for the growth in this market are quickly ageing population and growth of the home healthcare market in North America.
- The Americas ruled the global market in 2018, which is credited to the availability of advanced health care infrastructure in the region and the extraordinary consumption of medical devices. There is a huge scope for expansion of innovative healthcare products due to the convergence of sensors, digital apps, and wireless technologies, demonstrated by the rising number of smartphone and tablet users.
- A large number of businesses are spending in research in these products and augmented funding from government agencies is probably to result in the launch of advanced and innovative biomedical sensors like wearable and implantable sensors in the biomedical sensor market in the future in North America. Also, the growing rate of smartphone usage is powering the market growth in the North America region and the U.S. is ruling the market.

Key Reasons to Purchase:
 
- To gain insightful analyses of the market and have comprehensive understanding of the global Biomedical Sensors market and its commercial landscape.
 
- Assess the production processes, major issues, and solutions to mitigate the development risk.
 
- To understand the most affecting driving and restraining forces in the market and its impact in the global market.
 
- Learn about the market strategies that are being adopted by leading respective organizations.
 
- To understand the future outlook and prospects for the Biomedical Sensors market.

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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us

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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