Medical Sensors Market Research Report - Forecast(2021 - 2026)

 

Medical Sensors Market Analysis Overview

The Global Medical Sensors Market size is estimated to reach $1.78bn by 2025, growing at a CAGR of 6.8% during the forecast period 2020-2025. The sensors that are used to monitor, diagnosis, and medical treatment are known as the Medical Sensors. These medical sensors are used to study different types of conditions of a patient or helps in with treatment process. Types of medical sensors include Pressure sensors, Temperature sensors, Image sensors, Biosensors, Flow sensors, Motion sensor, Accelerometer, and other sensors. The increase in the application of medical sensors for personal care, medical diagnosis, body temperature measurement, and medical treatment is growing the demand for medical sensors. The increase in the latest technology and availability of wearable sensors for daily use, that is for monitoring the patients who are having obesity, cardiovascular issues, and diabetes is driving the usage of medical device sensors and medical diagnostic sensors.


Medical Sensor Market Report Coverage

The report: “Global Medical Sensors Market Forecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the Global Medical Sensor Market. 
By Sensor Type: Pressure, Temperature, Image, Biosensors, Flow, Motion, Accelerometer and Others
By Product Type: Wearable Sensors, Implantable Sensors, Ingestible Sensors, Strip Sensors and Others
By Application: Monitoring, Diagnostic, Therapeutic, Imaging, Fitness and Others
By End-Users: Hospitals, Clinics, Nursing Homes, Home Care and Others
By Geography: North America, Asia-Pacific, Europe, and Rest of the World


Key Takeaways

  • Geographically, North America’s Medical Sensor Market accounted for the highest revenue share in 2019 and it is poised to dominate during the forecast period 2020-2025 owing to the availability of a large number of medical sensors manufacturers in countries like the U.S and Canada.
  • The increase in a different type of diseases and availability of home care medical sensors to monitor health issues like diabetes, heart issues and others is driving the usage of portable medical sensors as the cost of monitoring and diagnosis in hospitals and other clinics is high.
  • Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Global Medical Sensor Market research report.
  • The increase in chronic diseases, increased health care expenditure and easy availability of the advanced monitoring devices are driving the growth of the medical sensor market during the forecast period.


Medical Sensor Market Segment Analysis - By Sensor Type 

The Sensor type segment of the Medical Sensor Market has Pressure, Temperature, Image, Biosensors, Flow, Motion, Accelerometer and Others. The Pressure segment registers for the highest market share in 2019 and is set to continue for the forecast period 2020-2025, owing to the increased usage in the respiratory devices, patient care monitoring devices and drug delivery systems. Usage of pressure sensors in devices like spinal cord stimulator, endoscope, gastric electric stimulator and peacemaker is driving the demand for pressure sensors. The imaging sensors are also set to have good growth owing to the increased usage in various diagnoses and treatments.  The rising demand for personal health care systems and awareness among customers about the usage of different types of medical devices are driving the market during the forecast period.


Medical Sensor Market Segment Analysis - By Application 

The application type segment of the Medical Sensor Market has Monitoring, Diagnostic, Therapeutic, Imaging, Fitness and Others. The Monitoring segment registers for the highest market share in 2019 and is set to continue for the forecast period 2020-2025, owing to the increased development of different types of monitoring devices for different types of treatments. The integration of different types of monitoring devices with smart devices and other wireless medical sensor devices for patient care are driving the growth of wireless or remote monitoring devices. The therapeutic segment is also set to have growth owing to the demand of blood glucose sensors, which are used for diabetes. The increased health care and availability of different types of fitness sensors are driving the market for self-care sensors during the forecast period.

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