DUBLIN--(BUSINESS WIRE)--The "Medical Sensors Market by Sensors Type (Pressure, Temperature, Blood Oxygen, Blood Glucose, Ingestible), Application (Monitoring, Diagnostic Imaging, Medical Implants), Product (Invasive, Non-Invasive), and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The medical sensors market is estimated to be worth USD 1.2 billion in 2020 and is expected to reach USD 1.7 billion by 2025, at a CAGR of 6.8% from 2020 to 2025.
Medical sensors market anticipated growing at CAGR of 6.8% from 2020 to 2025
The global medical sensors market exhibits a lucrative growth potential for the next several years. The major factors driving the growth of the medical sensors market are rising incidents of chronic diseases, the growing geriatric population, increasing demand for home-based medical care devices, and technological advancements in the medical device industry, increasing adoption of connected medical devices, and rising expenditure on healthcare across the world.
The market for Ingestible sensors estimated to grow at the highest CAGR during the forecast period
Medication adherence, growing healthcare expenditure, and technological advancements in medical diagnosis tools such as endoscopy are the key factors contributing to the growth of the ingestible sensors market. Ingestible sensors are mainly used for medical applications such as diagnosis, patient monitoring, and drug delivery application.
The market for medical implants and endoscopy estimated to grow at highest CAGR during the forecast period
Factors driving the demand for medical implants and endoscopy includes rising neurological disorders in the aging population, innovative technological medical advancements, increasing consumer awareness, cost-effective products, improved clinical outcomes, development of advanced implantable neurostimulation devices. Growing FDA approvals for clinical trials are further propelling the growth of the medical sensors market.
The market for invasive products estimated to grow at the highest CAGR during the forecast period
Factors accelerating the growth of sensors for an invasive product include the rising demand for implantable cardioverter defibrillators, pacemakers, implantable loop recorders, and endoscopes and an increasing number of training and awareness programs across the world to provide the benefits of invasive devices among the elderly population across the globe.
Medical sensors market in the Asia Pacific to grow at the highest CAGR between 2020 and 2025
Major factors driving the market growth in Asia pacific include increasing awareness among the elderly population regarding digital healthcare, the growing elderly population in countries like Japan and South Korea, and improving healthcare infrastructure owing to various government initiatives in developing countries like China, India, and Indonesia. Increasing aging population and strong government support to provide improved healthcare services by the government of China and India are other factors contributing to the growth of the medical sensors market in the Asia Pacific. The government in APAC countries such as Australia, China, and India have invested heavily in the healthcare infrastructure and the provision of basic health insurance for all of its citizens. Moreover, an increase in discretionary income and a population that is aging faster are the other crucial factors propelling the medical sensors market in the Asia Pacific region.
Key Benefits of Buying This Report:
- This report includes the market statistics pertaining to component, application, product, and region.
- An in-depth value chain analysis has been done to provide deep insight into the medical sensors market.
- Major market drivers, restraints, challenges, and opportunities have been detailed in this report.
- Illustrative segmentation, analyses, and forecasts for the market based on component, application, product, and region have been conducted to provide an overall view of the medical sensors market.
- The report includes an in-depth analysis and ranking of key players.
Key Topics Covered:
1.1. Objectives of the Study
1.2. Report Description
1.3. Markets Covered
1.5. Market Scope
2. Research Methodology
2.2. Research Data
2.3. Market Size Estimation
2.4. Key Industry Insights
2.5. Research Assumptions
3. Executive Summary
4. Premium Insights
5. Market Overview
5.2. Evolution of Medical Sensors
5.3. Market Dynamics
5.3.5. Burning Issues
5.4. Medical Sensors Structure and Regulations
6. Industry Trends
6.2. Value Chain Analysis
6.3. Industry Trends
6.3.1. Technology Roadmap
6.3.2. IoT in Healthcare
6.3.3. Widespread adoption of wearables in healthcare
6.3.4. AI-based monitoring devices
6.3.5. Internet of Medical Things (IoMT)
6.3.6. Connected Healthcare
6.4. Pest Analysis
6.4.1. Political Factors
6.4.2. Economic Factors
6.4.3. Social Factors
6.4.4. Technological Factors
7. Medical Sensors Market, By Sensor Type
7.1.1. Temperature Sensor
7.1.2. Pressure Sensor
7.1.3. Blood Glucose Sensor
7.1.4. Blood Oxygen Sensor
7.1.5. ECG Sensor
7.1.6. Image Sensor
7.1.7. Motion Sensor
7.1.8. Heart Rate Sensor
7.1.9. Ingestible Sensors
8. Medical Sensors Market, By Placement Mode
8.2. Wearable Sensors
8.3. Wireless Sensors
8.4. Implantable Sensors
8.5. Strip Sensors
9. Medical Sensors Market, By Applications
9.3. Diagnostics Imaging
9.6. Wellness & Fitness
10. Medical Sensors Market, By Connectivity Technology (Qualitative only)
10.3. Bluetooth Low Energy
10.5. Near Field Communication
11. Medical Sensors Market, By Product Type
12. Geographic Analysis
12.2. North America
12.3. South America
12.5. Asia Pacific
12.6. Rest of the World
13. Competitive Landscape
13.2. Market Rank Analysis
13.3. Competitive Scenario
13.4. Medical Sensors Market (Global): Competitive Leadership Mapping, 2018
13.5. Business Strategy Analysis
13.6. Product Portfolio Analysis
14. Company Profiles
14.2. Texas Instruments
14.3. ST Microelectronics
14.4. NXP Semiconductors
14.6. Tekscan, Inc.
14.7. TE Connectivity
14.8. First Sensors
14.9. Amphenol ASTG
14.10. Honeywell International
14.11. Sensirion AG
14.12. Other Company
14.12.1. Innovative Sensor Technology
14.12.2. Keller America
14.12.3. Merit Medical Systems
14.12.4. OmniVision Technologies
14.12.6. TDK Electronics AG
14.12.7. AMS AG
14.12.10. Isansys Ltd
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