Medical Sensors Market - Snapshot

Medical sensors are used to make medical devices more effective and simpler in operation. Recent technological advancements in medical sensors enhance the use of smart sensors for various diseases and conditions. Some of these include smart watch for heart rate and sleep apnea, diabetic care devices, orthopedic care devices, and surgery-specific sensory devices. The global medical sensors market was valued at US$ 11,943.1 Mn in 2017. Increase in government initiatives in mHealth products, rise in adoption of smartphones and other electronic devices with sensor technology, surge in investment by public and private players to introduce sensors in mHealth, and rise in adoption of IoT and advanced technologies are the major factors driving the market.

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The global medical sensors market has been segmented based on product, application, placement type, end-user, and region. In terms of product, the global market has been classified into biosensors, temperature sensors, motion sensors, image sensors, flow sensors, pressure sensors, and others. The biosensors segment is projected to expand at a higher CAGR during the forecast period from 2018 to 2026. Growth of the segment is attributed to advancements in technology such as fiber optics with real time diagnosis and monitoring capabilities. Based on application, the global medical sensors market has been divided into diagnostics, monitoring, therapeutics, wellness & fitness, and others. The diagnostics segment has been categorized into imaging diagnostics and analytical equipment diagnostics. The monitoring segment has been bifurcated into invasive monitoring and non-invasive monitoring. The therapeutics segment has been classified into surgery/minimally invasive surgery, drug delivery/infusion, and others. The wellness & fitness segment is expected to expand at a higher CAGR because of rise in awareness about healthy lifestyle and increase in acceptance of fitness devices. In terms of placement, the global market has been categorized into wearable sensors, wireless sensors, implantable sensors, and others. Wearable sensors and implantable sensors are the major segments of the global medical sensors market. The wearable sensors segment is driven by increase in acceptance of smartphones and connectivity devices for monitoring and tracking. Implantable devices are gaining popularity, as these are the most recent and advanced technology sensors. These also offer convenience of usage. In terms of end-user, the global medical sensors market has been divided into hospitals, clinics, home care settings, and others. The hospitals segment held the largest share of the global market owing to usage of advanced multi-purpose sensors in hospitals.

In terms of region, the global medical sensors market has been segmented into the Americas, Europe, Middle East, and Africa (EMEA), Asia Pacific. The Americas dominated the global market in 2017. This is attributed to the availability of advanced health care infrastructure in the region and high consumption of medical devices. The medical sensors market in Asia Pacific is projected to expand at a rapid pace during the forecast period. The region is expected to gain market share due to rise in prevalence of chronic disorders and surge in awareness about medical sensors among the people. Rise in disposable income of people also contributes to the growth of the market in Asia Pacific and Europe, Middle East, and Africa (EMEA). Increased focus on development of medical sensors in the past few years, improvement in health care infrastructure, and early detection of diseases fuel the growth of the medical sensors market in these regions.

Key players operating in the global medical sensors market include Cardiomo, Honeywell International, Inc., TE Connectivity, Dexcom, Inc., Medtronic, Danaher Corporation, First Sensor AG, Sensirion AG, Smiths Groups plc, and GluSense Ltd.

Medical Sensors Market - Overview

Report Description:

Medical sensors have significantly impacted recent medical and health care technologies. These are used to make medical devices more effective and simpler in operation. These medical sensors enable long term as well as continuous physiological monitoring which is important to treat and manage chronic illnesses, neurological disorders, heart problems, and mental health issues. The global medical sensors market is growing at a rapid pace due to increase in government initiatives for the adoption of mHealth products and rise in adoption rate of smartphones, high speed networks, and sensors. Surge in public and private investments in mHealth companies and advances in wearable technology such as smart watches, diabetic care devices, and IoT are the key drivers of the global medical sensors market. The implantable sensors segment is anticipated to expand at a rapid pace during the forecast period, as implantable sensors continuously monitor patient’s health, thereby reducing repeated visits to physician, treatment cost, and offering accurate results. The wearable sensors segment is expected to be driven by adoption of advanced technologies via smartphones and continuous health monitoring. Hence, increase in investments by public and private players and rise in adoption of smartphones and advanced technologies for health monitoring drive the global medical sensors market.

The global medical sensors market has been segmented based on product, application, placement, end-user, and region. In terms of product, the global market has been classified into biosensors, temperature sensors, motion sensors, image sensors, flow sensors, pressure sensors, and others. Based on application, the global medical sensors market has been divided into diagnostics, monitoring, therapeutics, wellness & fitness, and others. The diagnostics segment has been categorized into imaging diagnostics and analytical equipment diagnostics. The monitoring segment has been bifurcated into invasive monitoring and non-invasive monitoring. The therapeutics segment has been categorized into surgery/minimally invasive surgery, drug delivery/infusion, and others. In terms of placement, the global market has been classified into wearable sensors, wireless sensors, implantable sensors, and others. Based on end-user, the global market has been divided into hospitals, clinics, home care settings, and others. Each of the segments has been analyzed in detail for market trends, recent trends and developments, drivers, restraints, opportunities and useful insights. The report provides current and future market sizes for each segment and sub-segments for the period from 2018 to 2026 in terms of revenue (US$ Mn), considering 2016 and 2017 as the base years. The compound annual growth rate (% CAGR) has been provided for each segment and market for the period from 2018 to 2026 with market size estimations.

The global medical sensors market has been segmented into three major regions: the Americas, Europe, Middle East, and Africa, and Asia Pacific. The regions have been divided into major countries and sub-regions. The report provides total revenue and market size for each region and its major countries/sub-regions in terms of revenue and CAGR for the period from 2018 to 2026. The study also offers analysis and useful insights for major companies to enter into these regions and markets.

The overview section provides market dynamics such as drivers, restraints, opportunities, and key market trends. This section also demonstrates technological advancements and major funding to startups. This section covers market attractiveness analysis, competitive analysis, and market share analysis for understanding the degree of competition and attractive segments to invest in a particular region.

The report concludes with company profiling that include the major players in the global medical sensors market. Key players in the market are Cardiomo, Honeywell International, Inc., TE Connectivity, Dexcom, Inc., Medtronic, Danaher Corporation, First Sensor AG, Sensirion AG, Smiths Groups plc, and GluSense Ltd. Each of these players have been profiled in terms of attributes such as company description, overview, financial overview, business and product portfolio, business strategies, and recent developments.

The global medical sensors market has been segmented as follows:

  • Global Medical Sensors Market, by Product
    • Biosensors
    • Temperature sensors
    • Motion sensors
    • Image Sensors
    • Flow Sensors
    • Pressure Sensors
    • Others
  • Global Medical Sensors Market, by Application
    • Diagnostics
      • Imaging Diagnostics
      • Analytical Equipment Diagnostics
    • Monitoring
      • Invasive Monitoring
      • Non-invasive Monitoring
    • Therapeutics
      • Surgery/Minimally Invasive Surgery
      • Drug Delivery/Infusion
      • Others
    • Wellness & Fitness
    • Others
  • Global Medical Sensors Market, by Placement
    • Wearable Sensors
    • Wireless Sensors
    • Implantable Sensors
    • Others
  • Global Medical Sensors Market, by End-user
    • Hospitals
    • Clinics
    • Home Care Settings
    • Others
  • Global Medical Sensors Market, by Region 
    • Americas
      • U.S.
      • Canada
      • Brazil
      • Rest of Americas
    • Europe, Middle East, and Africa
      • Germany
      • U.K.
      • France
      • Rest of EMEA
    • Asia Pacific
      • China
      • Japan
      • Rest of Asia Pacific
.