San Francisco, 1 March 2019: The Report Medical Sensors Market Analysis, By Product (Pressure Sensors, Temperature Sensors,
Image Sensors, Accelerometers, Biosensors, Flow Sensors, SQUID Sensors), By
Application Area (Surgical, Diagnostic, Therapeutic, Monitoring), By End-use
(Hospitals, Physician Offices, Nursing Homes, Home Healthcare) And Segment
Forecasts To 2024
The medical sensors market is expected to reach USD 18.5 billion by 2024, according to a new report by Grand View Research, Incite upsurge in the number of patients afflicted with chronic conditions, such as diabetes and hypertension, is fueling the usage of monitoring as well therapeutic devices, thus boosting the market demand.
The target population for this market is
patients with chronic illnesses, as such conditions necessitate regular
checkups and intermittent or continuous patient monitoring. The rise in
population of chronically ill patients further increases the uptake of the
medical sensors.
The geriatric population is highly prone to
developing chronic disorders and they pose a higher risk of developing
age-related deformities and complications. Moreover, the adoption of unhealthy
food habits and sedentary lifestyles and the resultant surge in the incidence
of obesity has led to the increasing prevalence of lifestyle disorders
including diabetes. The presence of a large target population base combined
with the prevalence of lifestyle-related risk factors is likely to accelerate
the growth of the medical sensors market during the forecast period.
Technological advancements in terms of
accuracy, portability, and affordability associated with the new generation
medical sensors resulted in the increased usage of these devices; for instance,
the introduction of easy-to-operate, home-based diagnostic kits that are cost
effective.
Access Research Report of Medical
Sensors Market @ www.grandviewresearch.com/industry-analysis/medical-sensors-market
Further
key findings from the study suggest:
· The biosensors products segment held a
lucrative share of over 40.0% in 2015. This is ascribable to the following
attributes of the novel biosensors: durability, reliability, and accuracy.
Moreover, their applications in the healthcare areas, such as the detection of
drug abuse, glucose monitoring for diabetes, the detection of cholesterol, and
others. All these elements governed the growth of this segment in 2015.
· The surgical applications of the sensors
dominated the market in 2015. Whereas, the monitoring applications segment is
projected to be the fastest growing during the forecast period. Advancements,
such as wearable technology are anticipated to boost the demand for the
monitoring devices market.
· The hospitals registered a remunerative
growth in 2015; this can be attributed to the presence of a well-developed
healthcare infrastructure, which yields faster and accurate diagnosis.
Moreover, the availability of well-equipped infrastructure coupled with the
presence of skilled personnel and technologically advanced equipments
contribute towards the lucrative growth of this segment.
· North America held a considerably large
share of over 35.0% in 2015 owing to the presence of leading sensor
manufacturers, a well-planned medical reimbursement network, and the increasing
disposable income
· On the contrary, Asia Pacific is
anticipated to be the fastest growing region with a CAGR of over8.0% over the
forecast period. The favorable economic developments and the advancing
healthcare system with the aid of supportive government initiatives are
anticipated to further assist the growth. Moreover, the increasing base of the
aging population in this region also, additionally impels the demand. According
to the report published by the Ministry of Statistics, in India, 8.6% of the
total population is aged above 60; hence, presenting a profitable opportunity
for the market players to invest in this region.
· The leading players of the medical sensors
market include Analog devices, Inc., Avago technologies Ltd., Danaher
Corporation, GE Measurement &Control Solutions, Inc., Honeywell
International, Inc., Stellar technologies, Inc., OmniVision Technologies, Inc.,
Sensation AG, TE Connectivity Ltd., Micro-Epsilon Messtechnik GmbH Co. &
KG, and NXP Semiconductors N.V.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
medical sensors market on the basis of product, application area, end-use, and
region.
Global Medical Sensors Market, by Product,
Revenue, 2013 - 2024 (USD Million)
·
Pressure sensors
·
Temperature sensors
·
Image sensors
·
Accelerometers
·
Biosensors
·
Flow sensors
·
SQUID sensors
·
Others
Global Medical Sensors Market, by
Application, Revenue, 2013 - 2024 (USD Million)
·
Surgical
·
Diagnostic
·
Therapeutic
·
Monitoring
·
Others
Global Medical Sensors Market, by End-use,
Revenue, 2013 - 2024 (USD Million)
·
Hospitals
·
Physician offices
·
Nursing home
·
Home healthcare
·
Others
Medical Sensors Market, by Region,
Revenue, 2013 - 2024 (USD Million)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
Access Press Release of
Medical Sensors Market@ www.grandviewresearch.com/press-release/global-medical-sensors-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More Information: www.grandviewresearch.com
No comments:
Post a Comment