Global Medical Sensor Market growing due to Technological Advancement in the field of Healthcare

Medical Sensors market is expected to grow at a stable rate post 2016 as the market is growing due to increasing demand of medical sensors in the healthcare industry for various applications and growing technological advancements in the healthcare industry. The market for global Medical Sensors is expected to reach US$ 1900 million by the end of the forecasted period.

The global market for Medical Sensors is growing at a balanced pace and expected to grow at a CAGR of 7.6% from 2016 - 2022.

Market Highlights
The global Medical Sensors Market has been evaluated as progressively growing market and it is expected that the market will continue to grow similarly in the near future. Medical sensors are devices which analyze a patient’s medical disorder as well as monitor the same. These sensors increase the use of medical devices such as life-supporting devices which are also used in monitoring a patient’s vital health signs and other health factors which eventually improves the quality of care provided to patients by avoiding complications. The Medical Sensors Market is growing due to the increasing aging population which has driven the development of new and different types of medical equipment’s and has also increased demand for various sensors that are used in medical equipment and patients’ bodies. Further ageing population is extremely disposed to developing chronic disorders and they pose a higher risk of developing age-related irregularities and difficulties. Moreover, the adoption of unhealthy food habits and sedentary lifestyles and the resultant surge in the incidence of obesity has led to the growing prevalence of lifestyle conditions which includes diseases like diabetes. The presence of a large target population base combined with the prevalence of lifestyle-related risk factors is likely to accelerate the growth of the medical sensors market during the forecast period

Global Medical Sensors Market Players:
• GE Healthcare
• Medtronic Plc.
• First Sensor AG
• Measurement Specialties Inc.
• STMicroelectronics N.V.
• NXP Semiconductors N.V.
• Honeywell International, Inc
• Smiths Medical
• STMicroelectronics
• Given Imaging, Inc
• Philips Healthcare
• Smiths Medical

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Regional Analysis:
Depending on geographic region, Medical Sensors market is segmented into four key regions: America, Europe, Asia-Pacific, and Middle East & Africa. Globally America is the largest market for Medical Sensors. North American region is the leading market in the America region with countries like United States and Canada playing a major role in the industry. Europe is the second-largest market globally for Medical Sensors which is expected to continue its growth in the near future. Asia pacific region is expected to be fastest growing region in Medical Sensors market.

Segmentation:
Medical Sensors market has been segmented on the basis of types which comprises Temperature sensors, Blood glucose sensors, Blood oxygen sensors, ECG sensors, Image sensors, Motion sensors, inertial sensors, Pressure sensors and others. On the basis of application this market is classified into Diagnostics, Monitoring, Medical therapeutics, Imaging, fitness, others. On the basis of sensor placement, the market is segmented into Strip sensors, Wearable sensors, Implantable sensors, Invasive/non-invasive sensors, Ingestible sensors.

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Intended Audience
• Medical Sensors suppliers
• Medical Sensors manufacturers
• System integrators
• Electronic Hardware equipment companies
• Research and Development (R&D) Companies
• Government Research Laboratories
• Government and Independent Regulatory Authorities
• Medical Research Institutes

Related Report
Global Body Sensors Market Information by types (health patch, skin sensor, Flexible energy-harvesting sensor, implantable sensors, others) by application (Health Monitoring, clinical trial, remote patient monitoring, others) by end users (athletes, soldiers, patients and others) - Forecast to 2027 https://www.marketresearchfuture.com/reports/body-sensors-market

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This release was published on openPR.