Global Biomedical Sensors Market Projected to Reach USD 16.78 Billion by 2026

04-Jun-2021 | Facts and Factors

According to a recent market research analysis published by Facts & Factors, the global biomedical sensors market was about USD 10.56 Billion in 2020, with sales value estimated to reach about USD 16.78 Billion by the end of 2026 and a strong 6.3% CAGR from 2021 to 2026.

Biomedical sensors are a tool used in the healthcare sectors especially that are used for recording and regulating specific changes in biological, chemical, and physical properties in real-time in the sectors of medicines, food, environmental conditions, and some other use cases. They are a product of the integration of photosensitive polyurethane encapsulants which are derived from photolithography processes. The driving forces behind the growth of the biomedical sensors market are advancements in microtechnology and nanotechnology alongside rising patient awareness.

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Additional factors include the increasing prevalence of home-based care, the rise in the geriatric population, and the rise in the adoption of IoT-based medical devices will enable the growth of the biomedical sensors market over the forecast period. Moreover, a rising trend of patients suffering from an unhealthy lifestyle, alcohol intake, and smoking disorders will further boost the volume of sales for biomedical sensors.

Top Market Players

The key participants in the biomedical sensors are Medtronic, Pinnacle Technology, Inc., TE Connectivity, Texas Instruments Incorporated, Innovative Sensors Technology, LumaSense Technologies, and Measurement Specialties, among others.

Market Dynamics

The key players in the market are often seen integrating their consumers and their products by often updating their current line of products by functions of mergers & acquisitions. Texas Instruments (TI) recently announced a new line of bulk acoustic wave (BAW) based embedding processing and analog chips for the next generation of connectivity & communication infrastructure. The chipsets SimpleLink CC2652RB wireless microcontroller and the LMK05318 network synchronizer will soon enable the firm to monitor changes in real-time.

The global biomedical sensors market can be fragmented into temperature, pressure, image, biochemical, inertial, motion, electrocardiogram, and others on the basis of sensors. The temperature sensor will occupy the largest market share during the forecast period owing to easy availability and integration with wireless sensors and a rise in chronic disorders among the aging and advanced population.

The global biomedical sensors market can be divided into invasive sensors and non-invasive sensors on the basis of product. The non-invasive segment will occupy the largest market share during the forecast in terms of revenue collection. Factors pertaining to the dominant position of the segment can be credited to a rising trend in non-invasive surgeries and low downtime.

North America Is Expected To Dominate The Global Biomedical Sensors Market During the Forecast Period

North America is expected to recoup the largest market share during the forecast in terms of global revenue collection on a global outlook. Factors pertaining to the latter can be credited to reasons such as rapid technological advancements, well-established medical infrastructure, presence of key players in the region, and increase in a number of vendors & manufacturers among others. Additional factors for the huge market share in the region can be attributed to the easy availability and integration of these devices into day-to-day life.

Browse the full “Biomedical Sensors Market By Type (Wired & Wireless), By Type of Sensors (Temperature, Pressure, Image, Biochemical, Inertial, Motion, Electrocardiogram (ECG), & Others), By Product (Invasive Sensors & Non-Invasive Sensors), By Industry Verticals (Pharmaceuticals, Healthcare, & Others), By Application (Medical Diagnostic, Clinical Therapy, Imaging, & Personal Healthcare), And By Regions – Global And Regional Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026”  report at https://www.fnfresearch.com/biomedical-sensors-market

Report Scope

Report Attribute

Details

Market Size in 2020

USD 10.56 Billion

Projected Market Size in 2026

USD 16.78 Billion

Growth Rate

CAGR 6.3%

Base Year

2020

Forecast Years

2021–2026

Key Market Players

Analog Devices, Inc., Honeywell International, Inc., Stmicroelectronics N.V., GE Healthcare, NXP Semiconductors N.V., Medtronic, Pinnacle Technology, Inc., TE Connectivity, Texas Instruments Incorporated, Innovative Sensors Technology, LumaSense Technologies, and Measurement Specialties, among others.

Key Segment

By Type, By Application, By Product, By Industry Verticals, and By Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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The global biomedical sensors market can be segmented on the basis of:

Global Biomedical Sensors Market: By Type Segment Analysis

  • Wired
  • Wireless

Global Biomedical Sensors Market: By Type of Sensors Segment Analysis

  • Temperature
  • Pressure
  • Image
  • Biochemical
  • Inertial
  • Motion
  • Electrocardiogram (ECG)
  • Others

Global Biomedical Sensors Market: By Product Segment Analysis

  • Invasive Sensors
  • Non-Invasive Sensors

Global Biomedical Sensors Market: By Industry Verticals Segment Analysis

  • Pharmaceuticals
  • Healthcare
  • Others

Global Biomedical Sensors Market: By Application Segment Analysis

  • Medical Diagnostic
  • Clinical Therapy
  • Imaging
  • Personal Healthcare

Global Biomedical Sensors Market: By Regional Segment Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

About Us:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

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