(EMAILWIRE.COM, September 05, 2018 ) The report provides forecast and analysis of the global Medical Sensor market. It provides market overview of global Medical Sensor market of in terms of revenue (in US$ Mn). Furthermore, the report includes drivers, restraints, trends and opportunity of the Medical Sensor market and their impact on each country during the forecast period.
Medical sensors are used to measure the physical functions of the body and change it into an electrical or optical signal. These devices play a key role in the monitoring of chronic diseases like cancer, cardiovascular and respiratory diseases to convert it into the electrical signal. Sensors help in giving early notices and lead to an accurate diagnosis of diseases and therefore, their need will continue to remain in the coming years. A substantial rise in the development of implantable and wearable medical devices has boosted the market for medical sensors in the past few years.
The Medical Sensor market has been witnessing significant growth over the past few years owing to rise in hospital-acquired infections, demand for customization of healthcare systems, and increasing prevalence of diseases such as obesity, diabetes, kidney, respiratory, and cardiovascular diseases is driving the global medical sensors market. In addition, rise in life expectancy and high demand for reliable and accurate medical equipment because of the ageing population are expected to boost the market growth in the coming years. However, inadequate reimbursement for medical devices, high cost of medical sensors and slow penetration of advanced medical systems are expected to restraint the market growth during the forecast period.
The application of IT in medical sector has transformed treatment methods for several diseases. Medical electronics with features such as wireless and multimedia will generate a heightened demand for medical sensors. Many players in the market are spending extensively in research and development so as to improve IT-based medical sensor devices. Furthermore, IT has amplified the scope of medical sensors in newer medical applications such as a digital pill or ingestible sensor pill for tracing drug delivery are the key opportunities in the medical sensor market.
The -201cGlobal Medical Sensor Market Analysis and Forecasts to 2025-201d can be segmented into product type, application and region. Based on the product type, the market can be categorized as pressure sensor, temperature sensor, image sensor, accelerometers, biosensor, flow sensor, and others. Biosensor devices like portable blood glucose monitors will gain prominence as the population of diabetics upsurges at an alarming pace across the globe. This can be accredited to the growing demand for rapid and accurate diagnostic equipment. Improvement of such diagnostic tools is estimated to further create new growth opportunities for biosensors, thus secondary growth of the disposable medical sensors market.
The market based on application can be segmented into diagnosis, medical therapeutics, imaging, monitoring, and some others. Medical sensors market includes imaging, medical therapeutics, diagnosis, monitoring, and fitness & wellness. Monitoring is the primary application in the medical sensors market. Additionally, 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. Diagnostics application is further categorized to capsule endoscopes, HIV test strip sensors, pregnancy test strip sensors, drug and alcohol test strip sensors, and blood glucose test strip sensors.
The Medical Sensor market based on the geography is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American market is further segmented into US and Canada. The Europe market is categorized into UK, Germany, and France. The market for Medical Sensor in Asia Pacific is segmented into Japan, China, and India. The Latin American market is categorized as Mexico and Brazil. The Middle East & Africa region is classified as South Africa, Saudi Arabia, and UAE. The Medical Sensor market report includes market size and analysis for all the above-mentioned regions and countries for product type and application.
The study also provides information for recent merger and acquisition deals happened in the market. Moreover, the report also includes growth strategies and entry barriers to be considered to cater to the exact business opportunities in this market. Additionally, to aid in strategic decision making, the report also includes competitive profiling of leading players, recent developments in the industry, financial analysis and various business strategies adopted by them. This report will help players in global Medical Sensor market to plan and implement their strategies in different market areas such as emerging geographies, and new technologies.
-2022 Both primary and secondary research has been performed during the study. Secondary sources include Factiva, World Bank, and Hoovers, company annual reports, investor presentations, and publications. The key players included in the global Medical Sensor market report are Honeywell International, Inc., NXP Semiconductors N.V., TE Connectivity Ltd. , Bosch, GE Healthcare, Universal Biosensors, Inc., Biosensors International Group, and some others.

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