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Published Date: 2016-05-02Number of Pages: 197

Medical Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Global Medical Sensors Market: Snapshot

Medical sensors have become ubiquitous components of the new-age technologically advanced and digitized medical devices. A significant rise in the emphasis on the development of implantable and wearable medical devices has propelled the market for medical sensors in the past few years. Breakthroughs in medical technology have enabled the commercial realization of a number of medical devices that were merely prototypes or designs in the recent past. This has necessitated the increased use of sensors capable of aiding the proper functioning of such new-age medical devices.

Transparency Market Research estimates that the market for medical sensors will tread along a smooth growth path in the next few years. The market is expected to exhibit a healthy 7.0% CAGR from 2015 to 2024, owing to which, the opportunity of the market is expected to rise from US$1,452.8 mn in 2015 to US$18,741.3 mn in 2023.

It is estimated that the rising pool of geriatrics and the alarming rise in the prevalence of a number of chronic diseases will be the key underlying factors for reason for the healthy growth of the market over the said period. The vast benefits of incorporating medical sensors in medical devices in terms of the enhanced accuracy in disease management, through alerts, notifications, and real-time patient data communication, have also increased their uptake in the field of medical devices. 

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Biosensors Product Segment Most Popular, Thanks to Rising Demand for Compatible Devices

Of the key varieties of products available in the global medical sensors market, the segment of biosensors is expected to grow at the most promising pace in the next few years. The rising demand for compatible medical devices will help the segment exhibit a promising 7.5% CAGR over the report’s forecast period. Biosensing devices such as portable blood glucose monitors will gain prominence as the population of diabetics increases at an alarming pace across the globe. According to estimates by the WHO, the total number of diabetics will surpass 366 mn by 2030.

Asia Pacific to Emerge as Most Promising Regional Market for Medical Sensors

From a geographical perspective, the market for medical sensors has been examined in the report across regional markets such as North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. Of these, the North America market accounted for a dominant 35.6% of the overall market in 2014. High consumer awareness, high numbers of minimally-invasive surgeries performed every year, and encouraging healthcare reimbursements are the key factors attributable to the region’s dominance in the global marketplace for medical sensors.

However, the market across Asia Pacific is expected to expand at the leading pace of growth over the report’s forecast period, chiefly owing to the high number of diabetics and patients with respiratory and cardiovascular diseases. Furthermore, the rising disposable incomes of the population across emerging economies such as India, Malaysia, and China are also fueling the demand for advanced medical devices with sensors.

Companies Attempting to Strengthen Foothold in Market through Mergers and Acquisitions 

The vendor landscape of the global market for medical sensors is highly fragmented and is highly competitive. The large consumer base, constantly rising awareness about devices fit with sensors, and rising disposable incomes have led to vast growth opportunities for players in the global medical sensors market, attracting several small- and medium-sized companies. The market has witnessed a rise in strategic mergers and acquisitions from companies attempting to develop strong product lines and expand their geographical reach.

Some of the leading companies operating in the global medical sensors market are Analog Devices, Inc., Danaher Corporation, Avago Technologies Limited, LORD Corporation (Stellar Technologies, Inc.), Honeywell International, Inc., GE Measurement & Control, NXP Semiconductors (Freescale Semiconductor, Inc.), Micro-Epsilon Messtechnik, TE Connectivity Ltd. (Measurement Specialties), OmniVision Technologies, Inc., and Sensirion AG.  

Table of Content

Chapter 1 Introduction
1.1 Report Description
1.2 Market Segmentation
1.4 Assumptions

Chapter 2 Executive Summary
2.1 Global Medical Sensors Market: Market Snapshot
2.2 Global Medical Sensors Market Revenue, by Product Type, (US$ Mn), 2014
2.4 Global Medical Sensors Market Revenue, by Application, (US$ Mn), 2014
2.5 Global Medical Sensors Market Revenue, by End-user, (US$ Mn), 2014
2.6 Global Medical Sensor Market Share, by Geography

Chapter 3 Global Medical Sensors Market– Market Overview
3.1 Medical Sensor Applications
3.2 Medical Sensors Regulatory Requirements
3.3 Global Medical Sensors Market: Introduction
      3.3.1 Market Dynamics
             3.3.1.1 Driver 1 - Increasing incidence of chronic diseases
             3.3.1.2 Driver 2 - Aging population
             3.3.1.3 Driver 3 - Rising utilization of medical sensors in laboratory practices
             3.3.1.4 Driver 4 - Rising patient preference for home health care devices
      3.3.2 Market Restraint
             3.3.2.1 Restraint 1 - High price of sensors for medical application
      3.3.3 Market Opportunity
             3.3.3.1 Opportunity 1 - Emergence of IT (information technology) based medical devices
             3.3.3.2 Opportunity 2 - High unmet needs for medical diagnosis and therapeutic equipment in emerging economies
3.4 Porter’s Five Forces Analysis: Global Medical Sensors Market
3.5 Market Attractiveness Analysis: Global Medical Sensors Market
3.6 Growth Share Matrix Analysis
3.7 Company Market Share Analysis: Global Medical Sensors Market
3.8 Major Market Available Products: Global Medical Sensors Market
3.9 Average Selling Price Analysis: Global Medical Sensors Market
3.10 Supply and Value Chain Analysis: Global Medical Sensors Market
3.11 Geographic Distribution Analysis: Global Medical Sensors Market
3.12 Global Demand and Supply (units) Analysis: Global Medical Sensors Market
3.13 Recent Technology Advancement: Global Medical Sensors Market

Chapter 4 Market Segmentation - By Product Type
4.1 Global Medical Sensors Market Revenue, by Product Type, (US$ Mn), 2013–2023
4.2 Global Pressure Sensors Market Revenue, (US$ Mn), 2013–2023
4.3 Global Temperature Sensors Market Revenue, (US$ Mn), 2013–2023
4.4 Global Image Sensors Market Revenue, (US$ Mn), 2013–2023
4.5 Global Accelerometers Market Revenue,(US$ Mn), 2013–2023
4.6 Global Biosensors Market Revenue, (US$ Mn), 2013–2023
4.7 Global Flow Sensors Market Revenue, (US$ Mn), 2013–2023
4.8 Global SQUID Sensors Market Revenue, (US$ Mn), 2013–2023
4.9 Global Others Market Revenue, (US$ Mn), 2013–2023

Chapter 5 Market Segmentation: By Application
5.1 Global Medical Sensors Market Revenue, by Application, (US$ Mn), 2013–2023
5.2 Global Surgical Application Market Revenue, (US$ Mn), 2013–2023
5.3 Global Diagnostic Application Market Revenue, (US$ Mn), 2013–2023
5.4 Global Therapeutic Application Market Revenue, (US$ Mn), 2013–2023
5.5 Global Monitoring Application Market Revenue, (US$ Mn), 2013–2023

Chapter 6 Market Segmentation: By End Users
6.1 Global Medical Sensors Market Revenue, by End User, 2013–2023, (US$ Mn)
6.2 Global Hospital Market Revenue, 2013–2023, (US$ Mn)
6.3 Global Physician Offices Market Revenue, 2013–2023, (US$ Mn)
6.4 Global Nursing Home and Home Healthcare Market Revenue, 2013–2023, (US$ Mn)
6.5 Global Others Market Revenue, 2013–2023, (US$ Mn)

Chapter 7 Market Segmentation -By Geography
7.1 Global Medical Sensors Market Revenue, by Geography, (US$ Mn), 2013–2023
7.2 North America Medical Sensors Market Revenue, by Country, (US$ Mn), 2013–2023
7.3 Europe Medical Sensors Market Revenue, by Country, (US$ Mn), 2013–2023
7.4 Asia Pacific Medical Sensors Market Revenue, by Country, (US$ Mn), 2013–2023
7.5 Latin America Medical Sensors Market Revenue, by Country, (US$ Mn), 2013–2023
7.6 Rest of the World Medical Sensors Market Revenue, by Region, (US$ Mn), 2013–2023

Chapter 8 Company Profiles
8.1 Analog Devices, Inc.
8.2 Avago Technologies Limited 
8.3 Danaher Corporation 
8.4 GE Measurement & Control 
8.5 Honeywell International, Inc.
8.6 LORD Corporation (Stellar Technologies, Inc.)
8.7 Micro-Epsilon Messtechnik 
8.8 NXP Semiconductors (Freescale Semiconductor, Inc.) 
8.9 OmniVision Technologies, Inc. 
8.10 Sensirion AG
8.11 TE Connectivity Ltd. (Measurement Specialties)

 

 

List of Figures

FIG. 1 Market Segmentation
FIG. 2 Global Medical Sensors Market Revenue, by Product Type, (US$ Mn), 2014
FIG. 3 Global Medical Sensors Market Revenue, by Application, (US$ Mn), 2014
FIG. 4 Global Medical Sensors Market Revenue, by End-user, (US$ Mn), 2014
FIG. 5 Global Medical Sensor Market Share, by Geography, 2014 (Value %)
FIG. 6 Market Share of Key Players, Medical Sensors Market (%) (2014)
FIG. 7 Average Selling Price Analysis (2014)
FIG. 8 Global Medical Sensors Market 
FIG. 9 Geographic Distribution based on Heat Map Analysis, 2014
FIG. 10 Global Pressure Sensors Market Revenue, (US$ Mn), 2013–2023
FIG. 11 Global Temperature Sensors Market Revenue, (US$ Mn), 2013–2023
FIG. 12  Global Image Sensors Market Revenue, (US$ Mn), 2013–2023
FIG. 13  Global Accelerometers Market Revenue,(US$ Mn), 2013–2023
FIG. 14  Global Biosensors Market Revenue, (US$ Mn), 2013–2023
FIG. 15  Global Flow Sensors Market Revenue, (US$ Mn), 2013–2023
FIG. 16  Global SQUID Sensors Market Revenue, (US$ Mn), 2013–2023
FIG. 17  Global Others Market Revenue, (US$ Mn), 2013–2023
FIG. 18  Global Surgical Application Market Revenue, (US$ Mn), 2013–2023
FIG. 19 Global Diagnostic Application Market Revenue, (US$ Mn), 2013–2023
FIG. 20 Global Therapeutic Application Market Revenue, (US$ Mn), 2013–2023
FIG. 21 Global Monitoring Application Market Revenue, (US$ Mn), 2013–2023
FIG. 22  Global Hospital Market Revenue, 2013–2023, (US$ Mn)
FIG. 23  Global Physician Offices Market Revenue, 2013–2023, (US$ Mn)
FIG. 24    Global Nursing Home and Home Healthcare Market Revenue, 2013–2023, (US$ Mn)
FIG. 25 Global Others Market Revenue, 2013–2023, (US$ Mn)

 

List of Tables

TABLE 1 Global Medical Sensors Market: Market Snapshot
TABLE 2 Global Medical Sensors Market, Supply Analysis, by Units (Volume in Million)
TABLE 3 Global Medical Sensors Market, Demand Analysis, by Units (Volume in Million)
TABLE 4 Global Medical Sensors Market Revenue, by Product Type, (US$ Mn), 2013–2023
TABLE 5 Global Medical Sensors Market Revenue, by Application, (US$ Mn), 2013–2023
TABLE 6 Global Medical Sensors Market Revenue, by End User, 2013–2023, (US$ Mn)
TABLE 7 Global Medical Sensors Market Revenue, by Geography, (US$ Mn), 2013–2023
TABLE 8 North America Medical Sensors Market Revenue, by Country, (US$ Mn), 2013–2023
TABLE 9 Europe Medical Sensors Market Revenue, by Country, (US$ Mn), 2013–2023
TABLE 10 Asia Pacific Medical Sensors Market Revenue, by Country, (US$ Mn), 2013–2023
TABLE 11 Latin America Medical Sensors Market Revenue, by Country, (US$ Mn), 2013–2023
TABLE 12 Rest of the World Medical Sensors Market Revenue, by Region, (US$ Mn), 2013–2023

Global Medical Sensors Market: Overview

Medical sensors are devices that help in measuring the physical properties of body, responding with electrical or optical signals. These sensors are highly useful for the detection, measurement, and monitoring of chronic diseases such as cardiovascular, cancer, and respiratory complications. Some of the common medical sensors are accelerometers, biosensors, image sensors, and pressure or temperature sensors. As the healthcare sector prospers, the demand in the global medical sensors market is expected to expand at a robust CAGR of 7.0% during the forecast period of 2015 to 2023, reaching a valuation of US$18.7 bn by the end of 2023, significantly up from its worth of US$1.5 bn in 2015. 

This report on the global medical sensors market targets audiences such as original device manufacturers (ODMs), assembly and packaging vendors, system integrators, electronic hardware equipment manufacturers, hospitals and medical labs and clinics, technical universities, and research institutes and organizations. The report offers comprehensive analysis of all major drivers and restraints pertaining to this market and estimates the scenario of the market until 2023. A number of leading players operating in the global medical sensors market have also been analyzed in a dedicated section in the report, aspiring to represent the competitive landscape and recent developments. 

Application-wise, the report segments the global medical sensors market into surgical, therapeutic, diagnostic, and monitoring. Product-wise, the report bifurcates the market into temperature sensors, pressure sensors, accelerometers, image sensors, flow sensors, biosensors, SQUID sensors, and others. End-users of medical sensors studied by this report are hospitals, physician offices, and nursing home and home healthcare facilities. Geographically, the report takes stock of all the important regions such as North America, Europe, Latin America, Asia Pacific, and the Rest of the World (WoW), including MENA, South Africa, and Russia. 

Global Medical Sensors Market: Trends & Opportunities

Increase in hospital acquired infections, technological advancements such as wearable devices and disease detecting devices, increasing demand for personalized healthcare systems, incremented life expectancy, escalating geriatric population, growing awareness regarding the availability of efficient medical sensors, and increasing disposable income are some of the key factors favoring the global medical sensors market. On the other hand, inadequate reimbursement policies, slow adoption of advanced medical systems, stringent regulatory procedure for product approval, and connectivity problems are a few factors that are challenging the market from reaching its full potential. The report also detects some of the trends in the global medical sensors market, such as emerging wireless sensor devices, increasing application of the capacitive sensors in the field of nanotechnology, and frequent mergers and acquisitions in growing economies. 

Global Medical Sensors Market: Regional Outlook

According to the findings of the report, North America accounted for 35.6% of the global demand for medical sensors, and continues to be a highly profitable region. This significant chunk of demand from North America, primarily the U.S. and Canada, was a reflection of high awareness levels among the consumers, growing number of minimally-invasive surgeries each year, and beneficial reimbursement policies. However, Asia Pacific is projected for the most prominent growth rate during the forecast period, primarily gaining traction from improving healthcare infrastructure in emerging economies such as India, China, and Malaysia. 

Companies mentioned in the research report

The global medical sensors market represents a highly fragmented competitive landscape, wherein mergers and acquisitions is common strategies by the leading companies to expand their geographical presence. The report identifies NXP Semiconductors, Honeywell International, Inc., Danaher Corporation, Analog Devices, Inc., Avago Technologies Ltd., Stellar Technologies, Inc., GE Measurement & Control, TE Connectivity Ltd., Micro-Epsilon Messtechnik, Sensirion AG., and OmniVision Technologies, Inc. as some of the key players in the global medical sensors market. 

Key segments of the XYZ market

  • Global Medical Sensors Market, by Products
    • Pressure Sensors
    • Temperature Sensors
    • Image Sensors
    • Accelerometers
    • Biosensors
    • Flow Sensors
    • SQUID Sensors
    • Others
  • Global Medical Sensors Market, by Applications
    • Surgical
    • Diagnostic
    • Therapeutic
    • Monitoring
  • Global Medical Sensors Market, by End Users
    • Hospital
    • Physician offices
    • Nursing Home and Home Healthcare
    • Others
  • Global Medical Sensors Market, by Geography
    • North America
      • U.S.
      • Canada
    • Europe
      • United Kingdom
      • Germany
      • France
      • Rest of the Europe
    • Asia Pacific
      • Australia
      • Japan
      • China
      • India
      • Malaysia
      • Rest of the APAC
    • Latin America (LATAM)
      • Brazil
      • Mexico
      • Argentina
      • Rest of LATAM
    • Rest of the World (RoW)
      • MENA
      • South Africa
      • Russia 

This report gives you access to decisive data such as:

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years 

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments


 
 
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