Global Market for Medical Sensor Products is Anticipated to grow at a Substantial Pace i.e., USD 28.9 Billion during the Forecast Period 2021-2027

Published Date: Jul, 2021

The global medical sensors market size is projected to reach USD$ 28.9 billion by 2027, experiencing a CAGR of 10.02% during the forecast period 2021-2027 The medical sensor industry is anticipated to witness significant growth due to the growing geriatric population, the increase in demand for home healthcare devices such as pregnancy kits and glucose monitoring kits, technological development in the medical device industry, increase usage of IoT-based medical devices, and rising expenditure on the medical sector will propel the growth of the medical sensor market.

Medical sensors have helped human beings to survive in the COVID-19 outburst. IoT sensors, wearable sensors, temperature sensors, etc. have played a major role in remote diagnosis as well as providing treatment to patients. IoT has played an important role in monitoring patients who are virus-infected via devices ad intertwined networks. The development of smart thermometers by Kinsa, remote IoT monitoring for elderly patients’ chronic diseases, and the use of IoT robots for disinfecting devices, cleaning hospitals, and delivering medicines are some of the factors that drive the demand for the medical sensors market.

Browse 63 market data Tables and 40 Figures spread through 130 Pages and in-depth TOC on " Medical Sensors Market by Application (Diagnostics, Monitoring, Drug Delivery, Imaging, Therapeutics, and Wellness and Fitness), by Sensor Type (Pressure Sensors, Temperature Sensors, Blood Oxygen Sensors, Blood Glucose Sensors, Touch Sensors, Image Sensors, Ingestible Sensors, Motion Sensors, ECG Sensors, and Heart Rate Sensors), by Placement (Strip Sensors, Wearable Sensors, Implantable Sensors, Ingestible Sensors, and Invasive/Non-Invasive Sensors), by End-User (Hospitals, Clinics, Ambulatory Surgical Centers, Community Healthcare, and Homecare Setting), and Region - Global Forecast to 2027"

The medical sensors market for pressure sensors is expected to hold the largest share during the forecast period.

Pressure Sensors play an important role in effective performance in respiratory breathing circuits (nebulizers, spirometers), flow/ pressure controls (therapeutic hospital beds), gas collection (hospital gas supply, oxygen concentrators), and gas flow (blood test, gas chromatography, analytical instrument sampling systems). The increase in usage of pressure sensors in medical devices such as heart rate monitors, inhalers and ventilators, blood pressure monitors, patient monitoring systems, laparoscopic devices, and respiratory therapy devices are the factors that dominate the pressure sensor segment.

Global Medical Sensor Market Segmentation Analysis

 

Segment

Categorization

Leading Category

Application

Diagnostics, Monitoring, Drug Delivery, Imaging, Therapeutics, and Wellness and Fitness

Monitoring (Largest)

Therapeutics (High Growth)

Sensor Type

Pressure Sensors, Temperature Sensors, Blood Oxygen Sensors, Blood Glucose Sensors, Touch Sensors, Image Sensors, Ingestible Sensors, Motion Sensors, ECG Sensors, and Heart Rate Sensors

Pressure Sensors (Largest)

Placement

Strip Sensors, Wearable Sensors, Implantable Sensors, Ingestible Sensors, and Invasive/Non-Invasive Sensors

Non-Invasive Sensors (Largest)

Implantable Sensors (Emerging Segment)

End-User

Hospitals, Clinics, Ambulatory Surgical Centers, Community Healthcare, and Homecare Setting

Hospital (Largest)
Homecare Setting (High Growth)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America (Largest)

 

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“Americas to account for the largest market share from 2020 to 2027.”

North America will dominate the medical sensors market because of the rise in investment in the healthcare sector and flourishing end-use industries in the region. Technological development, rise in healthcare expenditure as a percentage of total GDP, and integration of health information technology (IT) are the factors that will boost the market growth of the medical sensor market during the forecast period 2020-2027

Some of the major players in the global medical sensor market include Texas Instruments Incorporated, TE Connectivity, First Sensor AG, Medtronic, NXP Semiconductors, Sensirion AG Switzerland, OmniVision Technologies, Inc., STM icroelectronics, Honeywell International Inc., and Koninklijke Philips N.V.

Scope of the Report

 

Report Metric

Details

Market Size Available for the Years in the Study

2019–2027

Historical Period

2019–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

Application, Sensor Type, Placement, End-User, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

Texas Instruments Incorporated, TE Connectivity, First Sensor AG, Medtronic, NXP Semiconductors, Sensirion AG Switzerland, OmniVision Technologies, Inc., STM icroelectronics, Honeywell International Inc., and Koninklijke Philips N.V.

Global Medical Sensors Market Coverage

Application Insight and Forecast 2020-2027

  • Diagnostics
  • Monitoring
  • Drug Delivery
  • Imaging
  • Therapeutics
  • Wellness and Fitness

Sensor Type Insight and Forecast 2020-2027

  • Pressure Sensors
  • Temperature Sensors
  • Blood Oxygen Sensors
  • Blood Glucose Sensors
  • Touch Sensors
  • Image Sensors
  • Ingestible Sensors
  • Motion Sensors
  • ECG Sensors
  • Heart Rate Sensors

Placement Insight and Forecast 2020-2027

  • Strip Sensors
  • Wearable Sensors
  • Implantable Sensors
  • Ingestible Sensors
  • Invasive/Non-Invasive Sensors

End-User Type Insight and Forecast 2020-2027

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Community Healthcare
  • Homecare Setting

Geographical Segmentation

Medical Sensors Market by Region

North America

  • By Application
  • By Sensor Type
  • By Placement
  • By End-User
  • By Country – U.S., Canada, and Mexico

Europe

  • By Application
  • By Sensor Type
  • By Placement
  • By End-User
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Application
  • By Sensor Type
  • By Placement
  • By End-User
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Application
  • By Sensor Type
  • By Placement
  • By End-User
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

 

 

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Global Market for Medical Sensor Products is Anticipated to grow at a Substantial Pace i.e., USD 28.9 Billion during the Forecast Period 2021-2027