According to a new market report by Lucintel, the future of the medical sensor market looks promising with opportunities in diagnostics imaging, patient monitoring, and medical implants & endoscopy applications. The global medical sensor market is expected to grow with a CAGR of 7% from 2020 to 2025. The major growth drivers for this market are increasing adoption of Internet of Things (IoT)-based medical devices and rising healthcare expenditure in various countries.
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In this market, biosensors, temperature sensors, motion sensors, image sensors, flow sensors, pressure sensors, and other sensors are used. Lucintel forecasts that pressure sensor will remain largest sensor type due to increasing adoption of these sensors in medical devices such as heart rate monitors, inhalers and ventilators, blood pressure monitors, patient monitoring systems, laparoscopic devices, and respiratory therapy devices.
Within the medical sensor market, diagnostics imaging, patient monitoring, and medical implants & endoscopy are the major applications.
APAC is expected to witness the highest growth over the forecast period due to growth of the healthcare industry.
Texas Instrument, TE Connectivity, Medtronics Plc, NXP Semiconductors, Tekscan Inc, Amphenol Advanced Sensors, Proteus Digital Health, Sensirion, and Innovative Sensor Technology are among the major manufacturers of the medical sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the medical sensor market by sensor type, product type, application, placement, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Medical Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global medical sensor market by sensor type, product type, application, placement, end use industry, and region as follows
By Sensor Type [$M shipment analysis for 2014 – 2025]:
Biosensors
Temperature Sensors
Motion Sensors
Image Sensors
Flow Sensors
Pressure Sensors
Others
By Application [$M shipment analysis for 2014 – 2025]:
Diagnostics Imaging
Patient Monitoring
Medical Implants & Endoscopy
By Placement [$M shipment analysis for 2014 – 2025]:
Wearable Sensors
Wireless Sensors
Implantable Sensors
By Product Type [$M shipment analysis for 2014 – 2025]:
By End Use Industry [$M shipment analysis for 2014 – 2025]:
Hospitals
Clinics
Home Care
Others
By Region [$M shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
China
Japan
India
South Korea
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.