Medical sensors market is anticipated to cross USD 18.5 billion by 2024. Medical sensors market is highly driven by rise in prevalence of chronic diseases and demand for better healthcare services owing to rise in high quality diagnostic and monitoring devices. In addition, technological breakthroughs in medical science and rise in R&D for digital devices that enable data capturing and storage are likely to help in market progress.
By
application, the medical sensors market is segmented as patient monitoring,
diagnostics and therapeutics. Patient monitoring is fragmented into cardiac
monitoring electrode, pulse oximeter, continuous blood glucose monitoring, and
continuous blood pressure monitoring. Diagnostics is quadfurcated into HIV test
strip sensors, pregnancy test strip sensors, blood glucose test strip sensors,
capsule endoscopes, and immunoassay biosensors. Therapeutics segmented as
dialysis sensors, cardiac catheter sensors, insulin pump sensors and cardiac
therapeutic electrode sensors.
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Placement
type is further segmented as implantable sensors, ingestible sensors, strip
sensors, wearable sensors, and implantable sensors. Wearable sensors hold the
highest share in the market. Rise in pacemakers and use of digital sensors to
monitor heart rate and blood pressure have gained a wide attention among
digital users.
By
sensor type the medical sensors market includes image sensors, MR position
sensors, temperature sensors, humidity sensors, force sensors, biosensors, and
accelerometers. By end-user, the medical sensors market includes diagnostic
laboratories, clinics, hospitals, and home care.
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Geographical
segmentation for medical sensors market includes North America, South America,
Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific’s market is likely
to get significant attention owing to alarming rate of diseases, rise in
geriatric population, and increase in healthcare and clinical needs for
paediatric medical conditions.
North
America is likely to gain significant market share due to the presence of
advanced medical technology and devices. Sensors are used extensively in
medical devices as the primary component. Manufacturers are now emphasizing on
versatile functionality in medical sensors, which is expected to be a key
driver for manufacturers. The key players in the medical sensors market include
Medtronic, Philips, GE Healthcare, Sensiorion AG, Smiths Medical, Analog
Devices, and OmniVision Technologies.
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