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Most Of Industries Focus On The Future Of Medical Sensors Market worth 15.01 Billion USD by 2022

12-16-2016 09:55 AM CET | Health & Medicine

Press release from: MarketsandMarkets.com

According to the new market research, medical sensor market, in terms of value, is estimated to grow at a CAGR of 8.5% between 2016 and 2022. The market for medical sensor is expected to reach USD 15.01 Billion by 2022. The medical sensors market is projected to grow rapidly due to the increasing incidences of cancer, acute myocardial infarction, and diabetes mellitus as well as the increasing number of postoperative rehabilitation patients across the globe.

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The global medical sensors market is estimated to reach USD 15.01 Billion by 2022, at a CAGR of 8.5% between 2016 and 2022. People are increasingly adopting home healthcare services owing to the rising costs of medical treatments in hospitals and medical care clinics. With this, the demand for various healthcare devices is expected to increase in the next few years.

The introduction of new medical sensors in the global market is expected to contribute toward the growth of the global medical sensors market in the years to come. The base year considered is 2015 and the market forecast provided is between 2016 and 2022. The medical sensors market is segmented into application, type, placement, and geography. Recently, Hitachi Medical Corp. and Redlen Technologies Inc. announced their plans to jointly develop and introduce a direct conversion semiconductor x-ray detector, a medical device for new photon counting computed tomography (PCCT) systems.

The medical sensors market report analyses the market in a view of different types of medical sensors, application, and geography. A detailed qualitative analysis of the factors responsible for driving and restraining the growth of the global medical sensors market and future opportunities has been provided in the report.

North America held the largest share of the medical sensors market in 2015.

ECG sensors held the largest share of the medical sensors market in 2015.

APAC expected to witness highest growth during the forecast period.

Major applications of the medical sensors market include imaging, medical therapeutics, diagnosis, monitoring, and fitness & wellness. Monitoring is the leading application in the medical sensors market. Moreover, increasing market penetration of home healthcare-based medical devices has enabled patients with the ability to self-diagnose and monitor long-term illnesses using these products. The market for ingestible medical sensors is expected to grow at the highest CAGR over the next six years. Major factors expected to boost segment demand include growing demand for digital medicine and sensor-enabled pills.

The key players of the medical sensors market include ST Microelectronics (U.S), Measurement Specialties (U.S), Medtronic Plc (Ireland), Honeywell International, Inc. (U.S), Analog Devices (U.S.), Smiths Medical (U.K.), First Sensor AG (U.S), and NXP Semiconductors N.V (Netherlands).

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MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441

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