Press release
Medical Sensors Market is expected to grow at a CAGR of 10.9% from 2023-2030 : Cognitive Market Research
Medical Sensors Market is expected to grow at a CAGR of 10.9% from 2023-2030 : Cognitive Market Research
Medical sensors are devices that provide point-of-care analysis of indications. It acts by responding to different physical stimuli such as heat, light, sound, pressure, and any particular motion. Further, the resulting impulse is transmitted for analysis. These devices convert physical stimuli into electrical signals. Medical sensors have advantages in the treatment, diagnosis, and management of diseases.
Summary
• The global medical sensors market is estimated to be valued at USD 20,987.1 in 2022 and is expected to exhibit a CAGR of 10.9% during the forecast period (2022-2030).
• Increasing demand for medical sensors in clinics and home applications is forecasted to drive the global medical sensors market.
• Biosensors dominate the global medical sensors market with the highest revenue share
• The surgical segment is forecasted to dominate the global medical sensor market
• North America has the largest revenue share in the global medical sensor market.
• The hospital segment forecasted a significant revenue share for the growth of the global market
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Market Dynamics
Increasing demand for medical sensors in clinics and home applications is forecasted to drive the global medical sensors market. In addition, the rising investment in research and development of devices based on sensors is further anticipated to fuel the growth of the medical sensors market. Furthermore, the development in sensors and digital technologies will provide opportunities for the growth of the medical sensors market. However, the decrease in the penetration of medical devices in developing countries may hamper the growth of the global market.
Market Segmentation:
By Product Type:
• Biosensors
• Temperature Sensors
• Image Sensors
• Accelerometers
• Pressure Sensors
• Flow (Air and Fluid) Sensors
• Squid
• Others (Chemical, Position, Level, Force, etc.)
Biosensors dominate the global medical sensors market with the highest revenue share. This is attributed to increasing the use of diagnostic kits including glucose due to the rising diabetic population.
By Application:
• Surgical
• Diagnostic
• Therapeutic
• Monitoring
By application, the market is segmented into surgical, diagnostic, therapeutic, and monitoring. The surgical segment is forecasted to dominate the global medical sensor market, due to technological development in the medical sector.
By End User:
• Hospitals
• Specialty Clinics
• Ambulatory Surgical Centers
By end user, the market is segmented into hospitals, physician offices, nursing homes, home healthcare, and others. The hospital segment forecasted a significant revenue share for the growth of the global market. This is attributed to high patient volumes and the availability of adequate staff.
Competitive Analysis for Medical Sensors Market:
Medtronic Plc., Measurement Specialties Inc., NXP Semiconductors N.V., STMicroelectronics N.V, Honeywell International, Smiths Medical, First Sensor AG , Analog Devices, Broadcom Inc., Danaher Corporation , GE Measurement &Control Solutions, Stellar Technologies, OmniVision Technologies, Senserion AG, TE Connectivity Ltd., Micro-Epsilon Messtechnik GmbH Co. & KG
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Regional Analysis
Regional Analysis
North America has the largest revenue share in the global medical sensor market. This is attributed to the well-established reimbursement network, appropriate government funding, and rising health awareness drives the global market. Furthermore, The Asia Pacific is forecasted to dominate the global market, due to the increasing number of people suffering from chronic disorders, such as diabetes, respiratory problems, and hypertension.
News
In August 2022, A team at Nottingham Trent University and Nottingham University Hospitals NHS Trust developed a new biosensor that is capable of exactly monitoring the condition of a chronic wound. The aim is for the technology to be embedded into dressings so that they do not need to be continually removed and replaced to assess how an injury is healing.
Source (https://www.ntu.ac.uk/about-us/news/news-articles/2022/08/miniature-biosensor-can-monitor-condition-of-serious-wounds)
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Medical Sensors Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Medical Sensors Market Segmentation
1.5.1 Medical Sensors Market Regional Fragmentation
1.5.1 Medical Sensors Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Medical Sensors Market
• 3.1 Global Medical Sensors Market Size 2018 - 2030, (USD Million)
• 3.2 Global Medical Sensors Market Statistics 2022: Snapshot
Chapter 4 Global Medical Sensors Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Medical Sensors Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Medical Sensors Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Medical Sensors Market by Placement Segmentation Analysis (2018-2030)
Chapter 11 Global Medical Sensors Market by End-User Segmentation Analysis (2018-2030)
Chapter 12 Global Medical Sensors Market Regional Analysis
Chapter 13 North America Medical Sensors Market Outlook (2018 - 2030)
Chapter 14 Europe Medical Sensors Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Medical Sensors Market Outlook (2018 - 2030)
Chapter 16 Latin America Medical Sensors Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Medical Sensors Market Outlook (2018 - 2030)
Chapter 18 Research Findings
To know more Medical Sensors Market TOC click here:
https://www.cognitivemarketresearch.com/medical-sensors-market-report#table_of_contents
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https://www.cognitivemarketresearch.com/medical-pressure-sensors-market-report
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https://www.cognitivemarketresearch.com/medical-device-sensors-market-report
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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