Published by Coherent Market Insights
Posted on September 17, 2021
Medical Sensors Market Size And Forecast
The global Medical Sensors market was valued at US$ 15,543.4 Mn in 2018 and is projected to reach US$ 25,635.3 Mn by 2027, growing At a CAGR of 6.5% from 2020 to 2027.
Medical Sensors encompasses the combination of molecular biology and cytogenetics. It enables to differentiate normal and cancer causing cells. Medical Sensors helps to study the structural and functional organization of chromosomes and its nucleus, genomic variations, expression and evolution, and chromosomal abnormalities in medicinal and cancer-related genetics. High prevalence of cancer and increasing application of molecular biology in detection of inherited susceptibilities associated with cancer development is expected to boost the Medical Sensors market growth.
>>> Get | Request Sample Report @
https://www.coherentmarketinsights.com/insight/request-sample/578
To Learn More:
What are Medical Sensors?
Sensors used in the medical sector range from temperature sensors, pressure detectors, flow sensors, acoustic sensors and gas sensors to cameras, image sensors and magnetic field sensors. Biomedical sensors can detect specific biological, chemical or physical processes and then transmit or report data.
Global Medical Sensors Market: Drivers
Increasing demand for optical sensors for use in medical devices is expected to propel growth of the global medical sensors market over the forecast period. For instance, in July 2020, OSI Systems, Inc. announced that its Optoelectronics division received an order for approximately US$ 5 million from a leading healthcare original equipment manufacturer (OEM) to provide optical sensors for use in medical devices.
Global Medical Sensors Market: Opportunities
R&D in medical sensors is expected to offer lucrative growth opportunities for players in the global medical sensors market. For instance, in July 2020, researchers from North University of China, China, reported development of a novel refractive index sensor composed of a metal–insulator–metal waveguide with two rectangular stubs coupled with an elliptical ring resonator.
Global Medical Sensors Market: Restraints
Increasing complexity of medical sensors offers challenges regarding design and testing of these sensors, thereby hindering growth of the global medical sensors market.
Key Takeaways:
The global medical sensors market was valued at US$ 15,543.4 Mn in 2019 and is forecast to reach a value of US$ 25,635.3 Mn by 2027 at a CAGR of 6.5% between 2020 and 2027. Increasing demand for optical sensors for use in medical devices is expected to propel growth of the global medical sensors market over the forecast period.
Surgical Applications segment held dominant position in the global medical sensors market in 2019, accounting for 33.0% share in terms of value, followed by diagnostic and motoring application, respectively. Increasing research and development in medical sensors is expected to assist the segment growth during the forecast period.
Market Trends
Emergence of Covid-19 is expected to boost demand for medical sensors in rapid test devices. For instance, globally, as of 11:38am CEST, 16 August 2020, there have been 21,260,760 confirmed cases of COVID-19, including 761,018 deaths, reported to WHO.
Moreover, increasing adoption of mHealth is also expected to boost demand for medical sensors. For instance, in August 2020, researchers from University of Massachusetts Amherst concluded that mobile health (mHealth) technologies are a viable option to monitor COVID-19 patients at home and predict which ones will need medical intervention.
Global Medical Sensors Market: Competitive Landscape
Major players operating in the global medical sensors market include, Medtronic Plc, Koninklijke Philips N.V., GE Healthcare, FreeScale Semiconductors, Omnivision Technologies, Inc., Smiths Medical, Analog Devices, Inc., Honeywell International, Inc., Broadcom Limited, Danaher Corp., LORD Corporation, OSI Systems, Inc., Avago Technologies Limited, Measurement Specialties, Micro-Epsilon Messtechnik, Amphenol Advanced Sensors, and Sensirion AG.
Global Medical Sensors Market: Key Developments
Major players in the global medical sensors market are focused on approval and launch of new products to expand their product portfolio. For instance, in December 2019, VivaLNK, the U.S.-based startup, received a Class IIa medical device CE Mark for its multi-vital medical wearable sensor and software development kit.
Detailed Segmentation
By Product Type:
By Application:
Medical Sensors Market by Geography Analysis::
North America (The US, Canada, and Mexico)
Europe (the UK, Germany, France, and Rest of Europe)
Asia Pacific (China, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)
Key Players In Medical Sensors Market
The “Global Medical Sensors Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Analog Devices Inc., Broadcom Limited, Danaher, LORD Corporation, Honeywell International Inc., OmniVision Technologies Inc., and GE Measurement & Control.
Reasons to Purchase this Report
Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
6-month post sales analyst support
Buy This Complete A Business Report With Flat US $2000 Off @
https://www.coherentmarketinsights.com/promo/buynow/578
What is Medical Sensors Market?
What are the key driving factors for the growth of Medical Sensors Market?
What are the top players operative in Medical Sensors Market?
What segments are covered in Medical Sensors report?
How can I get sample report/company profiles of Medical Sensors Market?
In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.
Contact:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837
The post Medical Sensors Market New Innovations of Dynamic Technology in Future Scope appeared first on Gatorledger.
Medical Sensors Market Size And Forecast
The global Medical Sensors market was valued at US$ 15,543.4 Mn in 2018 and is projected to reach US$ 25,635.3 Mn by 2027, growing At a CAGR of 6.5% from 2020 to 2027.
Medical Sensors encompasses the combination of molecular biology and cytogenetics. It enables to differentiate normal and cancer causing cells. Medical Sensors helps to study the structural and functional organization of chromosomes and its nucleus, genomic variations, expression and evolution, and chromosomal abnormalities in medicinal and cancer-related genetics. High prevalence of cancer and increasing application of molecular biology in detection of inherited susceptibilities associated with cancer development is expected to boost the Medical Sensors market growth.
>>> Get | Request Sample Report @
https://www.coherentmarketinsights.com/insight/request-sample/578
To Learn More:
What are Medical Sensors?
Sensors used in the medical sector range from temperature sensors, pressure detectors, flow sensors, acoustic sensors and gas sensors to cameras, image sensors and magnetic field sensors. Biomedical sensors can detect specific biological, chemical or physical processes and then transmit or report data.
Global Medical Sensors Market: Drivers
Increasing demand for optical sensors for use in medical devices is expected to propel growth of the global medical sensors market over the forecast period. For instance, in July 2020, OSI Systems, Inc. announced that its Optoelectronics division received an order for approximately US$ 5 million from a leading healthcare original equipment manufacturer (OEM) to provide optical sensors for use in medical devices.
Global Medical Sensors Market: Opportunities
R&D in medical sensors is expected to offer lucrative growth opportunities for players in the global medical sensors market. For instance, in July 2020, researchers from North University of China, China, reported development of a novel refractive index sensor composed of a metal–insulator–metal waveguide with two rectangular stubs coupled with an elliptical ring resonator.
Global Medical Sensors Market: Restraints
Increasing complexity of medical sensors offers challenges regarding design and testing of these sensors, thereby hindering growth of the global medical sensors market.
Key Takeaways:
The global medical sensors market was valued at US$ 15,543.4 Mn in 2019 and is forecast to reach a value of US$ 25,635.3 Mn by 2027 at a CAGR of 6.5% between 2020 and 2027. Increasing demand for optical sensors for use in medical devices is expected to propel growth of the global medical sensors market over the forecast period.
Surgical Applications segment held dominant position in the global medical sensors market in 2019, accounting for 33.0% share in terms of value, followed by diagnostic and motoring application, respectively. Increasing research and development in medical sensors is expected to assist the segment growth during the forecast period.
Market Trends
Emergence of Covid-19 is expected to boost demand for medical sensors in rapid test devices. For instance, globally, as of 11:38am CEST, 16 August 2020, there have been 21,260,760 confirmed cases of COVID-19, including 761,018 deaths, reported to WHO.
Moreover, increasing adoption of mHealth is also expected to boost demand for medical sensors. For instance, in August 2020, researchers from University of Massachusetts Amherst concluded that mobile health (mHealth) technologies are a viable option to monitor COVID-19 patients at home and predict which ones will need medical intervention.
Global Medical Sensors Market: Competitive Landscape
Major players operating in the global medical sensors market include, Medtronic Plc, Koninklijke Philips N.V., GE Healthcare, FreeScale Semiconductors, Omnivision Technologies, Inc., Smiths Medical, Analog Devices, Inc., Honeywell International, Inc., Broadcom Limited, Danaher Corp., LORD Corporation, OSI Systems, Inc., Avago Technologies Limited, Measurement Specialties, Micro-Epsilon Messtechnik, Amphenol Advanced Sensors, and Sensirion AG.
Global Medical Sensors Market: Key Developments
Major players in the global medical sensors market are focused on approval and launch of new products to expand their product portfolio. For instance, in December 2019, VivaLNK, the U.S.-based startup, received a Class IIa medical device CE Mark for its multi-vital medical wearable sensor and software development kit.
Detailed Segmentation
By Product Type:
By Application:
Medical Sensors Market by Geography Analysis::
North America (The US, Canada, and Mexico)
Europe (the UK, Germany, France, and Rest of Europe)
Asia Pacific (China, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)
Key Players In Medical Sensors Market
The “Global Medical Sensors Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Analog Devices Inc., Broadcom Limited, Danaher, LORD Corporation, Honeywell International Inc., OmniVision Technologies Inc., and GE Measurement & Control.
Reasons to Purchase this Report
Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
6-month post sales analyst support
Buy This Complete A Business Report With Flat US $2000 Off @
https://www.coherentmarketinsights.com/promo/buynow/578
What is Medical Sensors Market?
What are the key driving factors for the growth of Medical Sensors Market?
What are the top players operative in Medical Sensors Market?
What segments are covered in Medical Sensors report?
How can I get sample report/company profiles of Medical Sensors Market?
In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.
Contact:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837
The post Medical Sensors Market New Innovations of Dynamic Technology in Future Scope appeared first on Gatorledger.
Explore more articles in the Research Reports category
