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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

Need for Patient Monitoring Creates Demand for Medical Sensors

The unequivocal rise in the number of chronic conditions has created a huge demand for a novel method of diagnosing, treating, and managing them. The ongoing technological revolution that is merging the demands of the healthcare industry and patients’ needs is relentless trying to solve this issue with the introduction of medical sensors. As these medical devices help in monitoring health conditions by converting physical components into electrical signals they are being popularly used by patients and physicians alike. Transparency Market Research states that the opportunity of the global medical sensors market was US$1,452.8 mn in 2015 and is expected to reach US$2,476.8 mn in 2024, as the market expands at a CAGR of 6.1% from 2015 to 2024.

The growing pool of geriatrics will be the underlying reason for the astounding success of the medical sensors. Their increasing adoption will be attributable to the saddening rise in cancer, hypertension, diabetes, and other cardiovascular diseases across the globe. The incorporation of medical sensors in several conventional medical devices helps in alerting patients of potential problems, thereby bringing in an accuracy disease management to a reliable extent. Additionally, a score of laboratories are deploying medical sensors for automating processes and establishing efficiency in the final output. Yet another incentive for laboratories to use medical sensors is that they eliminate the cost of centrifugation, loading of the analyzers, and sorting amongst others.

Need for Compatible Devices Fuels Biosensors Product Segment

Amongst the various types of products developed with medical sensors, the biosensors are expected to surpass all shares. During the forecast period, the biosensors product segment will progress at a steady CAGR of 7.5%. World Health Organization states that the number of diabetics will reach 366 million by the end of 2030. This alarming statistic will be attributable to the increasing number of diabetics who require frequent monitoring of blood sugar levels. This product segment will also be fueled by a large number of end users seeking wireless, portable, and smartphone compatible devices.

 

medical-sensors-market

 

Asia Pacific to Take Over as Leading Region

As of 2014, North America accounted for a share of 35.6% in the global market due to higher consumer awareness and a huge support systems for health monitoring initiatives. The preference for minimally-invasive surgeries has also been at driving the demand for medical sensors in North America. However, analysts predict that Asia Pacific will report the highest growth rate in the forecast period as the region leads the world with a high number of diabetics and patients suffering from respiratory disorders. Furthermore, the strengthening economies of India, China, Malaysia, and Australia will also fuel the demand for medical sensors are they look at upgrading their medical facilities and infrastructure.

The chief operating players in the global medical sensors market are Danaher Corporation, Honeywell International, NXP Semiconductors, and Measurement Specialties. Strategic mergers and acquisitions to create strong product portfolios is the ongoing trend amongst these companies. However, increasing and channelizing research and development strategies towards achieving results will also help companies achieve an impressive share in the global market. 

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

Medical sensors is a device that measures physical property of body and responds by converting it into an electrical or optical signal. These sensors play an important role in the chronic diseases such as cancer, cardiovascular, and respiratory to measure the physical property by converting it into an electrical signal. Medical sensors market report analyzes the market in a view of different types of medical sensors i.e. pressure sensors, temperature sensors, image sensors, accelerometers, biosensors, flow sensors, SQUID sensors and others. The report comprises an elaborate executive summary, which includes a market snapshot that provides market dynamics of various segments and sub-segments that are included in the report in a precise manner. Moreover, executive summary comprises waterfall diagram, which reflects the market size of various segments in descending order.

A detailed qualitative analysis of the factors responsible for driving and restraining the growth of the global medical sensors market and future opportunities has been provided in the market overview section. This section of the report also provides market attractiveness analysis, epidemiology study, porter’s five forces analysis, supply and value chain analysis, average selling price analysis, regulatory framework and company market share analysis operating in the medical sensors market.

Based on products, the global medical sensors market has been segmented into pressure sensors, temperature sensors, image sensors, accelerometers, biosensors, flow sensors, SQUID sensors and other sensors (chemical, level and force). The market for these types of sensors has been extensively analyzed. The market size and forecast in terms of US$ million for each products has been provided for the period from 2013 to 2023. The report on the medical sensors market also provides compound annual growth rate (CAGR %) for each of the market segments mentioned above for the forecast period from 2015 to 2023, considering 2014 as the base year.

Geographically, the medical sensors market has been categorized into North America, Europe, Asia-Pacific, Latin America and Rest of the World (RoW). In addition, Asia Pacific is categorized as China and Rest of APAC and Latin America is further segmented as Brazil and Rest of LATAM. The market size and forecast for each of these regions have been provided for the period from 2013 to 2023 along with CAGR (%) for the forecast period from 2013 to 2023. The research study also incorporates competitive scenario of major players in these regions.

A list of recommendations has been provided for new entrants to help establish a strong presence and for existing market players to increase their market shares. The medical sensors market report concludes with the profiles of major players in the medical sensors market based on various attributes such as company overview, financial overview, business strategies, product portfolio, and recent developments. Major players profiled in this report Honeywell International, Measurement Specialties, Danaher Corporation, and NXP Semiconductors.

The global Medical Sensors market is segmented as follows:

  • 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
    • Rest of the World