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Implantable Sensor Market Trend, Opportunities, Key Players, Growth Factors, Revenue Analysis
The Implantable Sensor Market was valued at US$ 4,912.00 million in 2019 and it is projected to reach US$ 11,415.62 million by 2027; it is expected to grow at a CAGR of 11.1% during 2020-2027.Increasing prevalence of chronic diseases and growing adoption of mobile healthcare technologies are fueling the market growth. However, low rate of adoption in emerging countries is expected to hinder the growth of the implantable sensor market.
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Analysis of the Top Market Players:
1. Analog Devices, Inc.
2. DEXCOM, INC.
3. Glusense Ltd.
4. Honeywell International Inc.
5. Medtronic
6. NXP SEMICONDUCTORS N.V.
7. Pinnacle Technology Inc.
8. Sensirion AG
9. TE Connectivity
10. Texas Instruments Incorporated
In this report, the market has been segmented on the basis of:
Type (Glucose Sensor, Temperature Sensor, Oxygen Sensor, Pressure Sensor, Others)
Application (Medical Diagnostic, Clinical Therapy, Personal Healthcare, Imaging)
End User (Hospitals, Clinics, Diagnostic Center), and Geography
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Implantable sensors have been used in medical research for measuring parameters, such as force, torque, pressure, and temperature inside the human body. These advanced sensor systems must be small in size, compatible with human tissue, and sturdy enough to withstand the human body's physical forces. They must also be self-powered and able to transmit data wirelessly. Ideal sensor systems are robust and straightforward, which minimizes the possibility of malfunction or failure.
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