Press release
Medical Sensor Market Key Players, Industry Demand, Overview And Supply Chain Analysis, Forecast To 2026
The Medical Sensor Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Medical Sensor market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Medical Sensor market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Medical Sensor market.The medical sensors market was valued at USD 5.69 billion in 2020 and expected to reach USD 10.11 billion by 2026 and grow at a CAGR of 10.07% over the forecast period (2021-2026).
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Top Leading Companies of Medical Sensor Market are - GE Healthcare Inc., STMicroelectronics, First Sensors AG, Honeywell Inc., TE Connectivity Ltd, Omron Corporation, Servoflo Corporation, Sensirion Holding AG, Siemens Corporation, Danaher Corporation and others.
Industry News and Updates:
- June 2018 - Honeywell showcased its latest sensor evaluation kit, accelerating evaluation and testing of sensors, including pressure sensors. This is expected to boost the sensing technologies segment of the company.
- February 2018 - Sensirion launched its latest liquid flow sensor, which can track the lowest liquid flow rate with highly optimized mechanical design. The sensor provides maximum safety, stability, and long-term reliability for a wide range of applications, including the fields of diagnostics, analytical instruments, and life sciences.
Key Market Trends:
Pressure Sensors Play a Significant Role in Medical Sensor Market
- Pressure sensors play a vital role for efficient performance in respiratory breathing circuits (nebulizers, spirometers, patient monitoring), flow/pressure control (therapeutic hospital beds), gas collection (hospital gas supply, oxygen concentrators), and sampling/gas flow (blood analysis, gas chromatography, analytical instrument sampling systems).
- Due to high sensitivity and accuracy, pressure sensors are well suited for use in CPAP (continuous positive airway pressure) respiratory therapy equipment. For instance, Honeywell manufactures TruStability RSC Series, a pressure sensor that offers a digital output for reading pressure, over the specified full scale pressure span and temperature range. It is widely used in sleep apnea machines.
Asia-Pacific to Record a Significant Growth Rate Over the Forecast Period
- Asia-Pacific medical sensor market is estimated to expand at a healthy rate during the forecast period. Major factors supporting the growth are increasing investments in research and innovation centers and government programs and policies favoring the IT healthcare equipment and devices markets.
- Increasing government programs promoting research and innovation is also helping advancements in the pressure sensor market to develop in the region.
- For instance, the University of South Australia (UniSA) recently in 2018 established a joint laboratory in advanced lasers and sensors with Shandong Academy of Sciences (SDAS) supported by the South Australian Government.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Medical Sensor Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Medical Sensor Market (%),2016 - 2026
- Medical Sensor Market Share, By Brand
- Medical Sensor Market Share, By Company
- Medical Sensor Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Medical Sensor Market Value Analysis & Forecast
- Promising Medical Sensor Development by Major Companies
- Detailed Medical Sensor Portfolio of the Major Companies
- Major Deals in the Medical Sensor Market
- Major Companies Analysis
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- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
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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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