Global Medical Sensors Market Is Anticipated To Reach USD 3.1 Billion by 2026

20-Feb-2020 | Facts and Factors

Facts and Factors have published a new report titled “Medical Sensor Market By Sensor Type (Temperature Sensor, Blood Glucose Sensor, Image Sensor, Biosensors, & Others), By Product (Strip Sensors, Wearable Sensors, Implementable Sensors, & Others), By Application (Diagnostics, Therapeutics, Monitoring, & Others), By End-User (Hospitals, Physicians’ Offices, Nursing Homes, Home Healthcare, & Other Settings), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026”.

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According to the report, the global Medical Sensors market was valued at over USD 1.7 Billion in 2020 and is expected to reach USD 3.1 Billion by 2026, at a CAGR of 11.7% between 2021 and 2026.

Pressure Sensors is expected to dominate the global Medical Sensors market during the forecast period

The increasing acceptance of pressure sensors in medical devices including inhalers and ventilators, heart rate monitors, laparoscopic devices, patient monitoring systems, blood pressure monitors, and respiratory therapy devices are likely to help the pressure sensors category dominate the global Medical Sensors market.

Moreover, the high demand for patient monitoring devices and IoT-based medical devices including spinal cord stimulators, peacemakers, gastric electric stimulators, and endoscopes across the globe is predicted to propel the Medical sensors market.

Browse the full “Medical Sensor Market By Sensor Type (Temperature Sensor, Blood Glucose Sensor, Image Sensor, Biosensors, & Others), By Product (Strip Sensors, Wearable Sensors, Implementable Sensors, & Others), By Application (Diagnostics, Therapeutics, Monitoring, & Others), By End-User (Hospitals, Physicians’ Offices, Nursing Homes, Home Healthcare, & Other Settings), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026" report at https://www.fnfresearch.com/medical-sensor-market-report

Medical Sensor Market

Non-invasive products are expected to dominate the global Medical Sensors market during the forecast period

Non–invasive products are expected to hold the majority of the market share during the forecast period owing to the growing application of connected medical devices, high penetration of IoT-based medical devices, and developments in medical technology. These are the factors propelling the growth of sensors for non-invasive products across the globe.

The patient monitoring application is expected to dominate the global Medical Sensors market during the forecast period

The growing adoption of remote monitoring systems, ambulatory wireless EEG recorders, mobile personal digital assistant (PDA) systems, mobile cardiac telemetry devices, and ambulatory event monitors are some of the major drivers contributing to the growth of the Medical Sensors market for patient monitoring applications.

The increasing incidences of chronic diseases, changing lifestyles, and easy availability of wireless monitoring devices are expected to drive market growth. In addition, the integration of sensors in smartphones or wireless devices used for patient care in the hospital or non-hospital settings will further result in the growth of the Medical Sensors market during the forecast timeframe.

Americas is projected to dominate the global Medical Sensors market during the forecast period

Americas is expected to dominate the global Medical Sensors market during the forecast timeframe. The growing expenditure on healthcare in countries like the U.S. and Canada and the presence of a higher number of medical device producers are some of the key factors contributing to the growth of the Medical Sensors market.

Global Medical Sensor Market: Report Scope

Report Attribute

Details

Market Size in 2020

USD 1.7 Billion

Projected Market Size in 2026

USD 3.1 Billion

CAGR Growth Rate

11.7% CAGR

Base Year

2020

Forecast Years

2021-2026

Key Market Players

Analog Devices, Inc., Avago Technologies Ltd, Danaher Corporation, GE Measurement & Control Solutions, Inc., and Others

Key Segment

Sensor Type, Product Segment, Application Segment, End-User Segment, and Region

Major Regions Covered

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

Purchase Options

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Key Market Players

The key market participants for the global medical sensor market are Analog Devices, Inc., Avago Technologies Ltd, Danaher Corporation, GE Measurement & Control Solutions, Inc., Honeywell International, Inc., Stellar Technologies, Inc., OmniVision Technologies, Inc., Senserion AG, TE Connectivity Ltd., Micro-Epsilon Messetechnik GmbH Co. & KG, and NXP Semiconductors N.V., among others.

The report on the global Medical Sensors market is segmented into:

Global Medical Sensor Market: By Sensor Type Segment Analysis

  • Temperature Sensor
  • Blood Glucose Sensor
  • Image Sensor
  • Biosensors
  • Others
    • Flow Sensors
    • Superconducting Quantum Interference Devices (SQUID) Sensors

Global Medical Sensor Market: By Product Segment Analysis

  • Strip Sensors
  • Wearable Sensors
  • Implementable Sensors
  • Others

Global Medical Sensor Market: By Application Segment Analysis

  • Diagnostics
  • Therapeutics
  • Monitoring
  • Others

Global Medical Sensor Market: By End-User Segment Analysis

  • Hospitals
  • Physicians’ Offices
  • Nursing Homes
  • Home Healthcare
  • Other Settings

Global Medical Sensors Market: By Regional Segmentation Analysis

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

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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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