Medical Sensors Market
Global Medical Sensors Market Size, Share & Trends Analysis Report by Application (Patient Monitoring, Diagnostic Monitoring, and Medical Implants & Endoscopy), by Sensor Type (Pressure Sensor, Temperature Sensor, Blood Oxygen Sensors, Blood Glucose Sensors, Touch Sensors, Image Sensors, Ingestible Sensors, Motion Sensors, ECG Sensors, and Heart Rate Sensors), and by Product Type (Non-Invasive and Invasive) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global medical sensors market is anticipated to grow at a significant CAGR of 5% during the forecast period. Medical Sensors are devices that provide point-of-care analysis of signs in response to a variety of physical stimuli, such as sound, pressure, heat, light, and specific motions, and the resulting shock is delivered for analysis. These devices convert physical stimuli into electrical signals. Medical sensors have great advantages in the diagnosis, treatment, and management of diseases. The Technological advancement in the invasive sensor market leads to the introduction of innovative devices in the field of medical sensors that has enhanced the market growth.
Impact of COVID-19 Pandemic on Global Medical Sensors Market
Lockdown across the country to curb the spread of coronavirus is resulting in drugs and medical devices not reaching the hospitals and consumers despite them being exempted by the government, and industry players. Pharmaceutical and medical device manufacturers are also facing issues as some of the district administrations in various states/ UTs have incorrectly given directions to close the manufacturing operations in the pharmaceutical and medical device industry also as part of various measures to contain the spread of coronavirus.
Segmental Outlook
The global medical sensors market is segmented based on application, sensor type, and product type. Based on the application, the market is segmented into patient monitoring, diagnostic monitoring, and medical implants & endoscopy. Based on the sensor type, the market is sub-segmented into pressure sensors, temperature sensors, blood oxygen sensors, blood glucose sensors, touch sensors, image sensors, ingestible sensors, motion sensors, ECG sensors, and heart rate sensors. Based on the product type, the market is bifurcated into non-invasive and invasive. The above-mentioned segments can be customized as per the requirements. Among the application segment, the medical implants & endoscopy segment is expected to hold a remarkable share in the market over the forecast period. Implantable sensors and devices offer a promising and effective way to monitor or provide treatment in real time.
Global Medical Sensors Market Share by Sensor Type, 2021 (%)
The Blood Glucose Sensors Segment is Expected to Hold a Significant Share in the Global Medical Sensors Market
Among the sensor type, blood glucose sensors are expected to be the fastest-growing segment in the region. Regular blood glucose monitoring is an essential tool to help you take control of patients’ diabetes. By identifying and recording changes in individuals’ blood sugar levels, patients will have more information about how food, exercise, stress, and other factors affect diabetes. The rising prevalence of diabetic patients across the globe is expected to fuel market growth. According to WHO, In 2019, diabetes was the ninth leading cause of death with an estimated 1.5 million deaths directly caused by diabetes.
Regional Outlooks
The global medical sensors market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The Europe region is expected to hold a considerable market share with rising investment in research and development in the region.
Global Medical Sensors Market Growth, by Region 2022-2028
The Asia-PAcific Region is Expected to Hold the Considerable Share in the Global Medical Sensors Market
The Asia-Pacific region is expected to hold a considerable share in the market over the forecast period. The rising patients of with diabetes in the region is expected to fuel the market growth. For instance, according to IDF, as of 2019, China has the highest number of diabetes accounts worldwide, with 116 million people with diabetes.
Market Players Outlook
The major companies serving the global medical sensors market include Abbott Laboratories Inc., DexCom Inc., GE Healthcare, Honeywell International Inc., Medtronic Plc, NXP Semiconductors N.V., Philips Healthcare, Siemens Ag, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in April 2022, Wipro GE Healthcare announced the launch of its next-generation Revolution Aspire CT (Computed Tomography) scanner. Revolution Aspire is an advanced imaging solution designed and manufactured end-to-end in India, at the newly launched Wipro GE Medical Devices Manufacturing plant, in line with ‘The Atmanirbhar initiative. The CT system is equipped with higher imaging intelligence to improve clinical confidence when diagnosing diseases and anomalies.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global medical sensors market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1.Report Summary
- Current Industry Analysis and Growth Potential Outlook
- Impact of COVID-19 on the Global Medical Sensors Market
- Recovery Scenario of Global Medical Sensors Market
1.1.Research Methods and Tools
1.2.Market Breakdown
1.2.1.By Segments
1.2.2.By Region
2.Market Overview and Insights
2.1.Scope of the Report
2.2.Analyst Insight & Current Market Trends
2.2.1.Key Findings
2.2.2.Recommendations
2.2.3.Conclusion
3.Competitive Landscape
3.1.Key Company Analysis
3.1.1.Overview
3.1.2.Financial Analysis
3.1.3.SWOT Analysis
3.1.4.Recent Developments
3.2.Key Strategy Analysis
3.3.Impact of COVID-19 on Key Players
4.Market Segmentation
4.1.Global Medical Sensors Market by Application
4.1.1.Patient Monitoring
4.1.2.Diagnostic Imaging
4.1.3.Medical Implants and Endoscopy
4.2.Global Medical Sensors Market by Sensor Type
4.2.1.Pressure Sensors
4.2.2.Temperature Sensors
4.2.3.Blood Oxygen Sensors
4.2.4.Blood Glucose Sensors
4.2.5.Touch Sensors
4.2.6.Image Sensors
4.2.7.Ingestible Sensors
4.2.8.Motion Sensors
4.2.9.ECG Sensors
4.2.10.Heart Rate Sensors
4.3.Global Medical Sensors Market by Product Type
4.3.1.Non-Invasive
4.3.2.Invasive
5.Regional Analysis
5.1.North America
5.1.1.United States
5.1.2.Canada
5.2.Europe
5.2.1.UK
5.2.2.Germany
5.2.3.Italy
5.2.4.Spain
5.2.5.France
5.2.6.Rest of Europe
5.3.Asia-Pacific
5.3.1.China
5.3.2.India
5.3.3.Japan
5.3.4.South Korea
5.3.5.Rest of Asia-Pacific
5.4.Rest of the World
6.Company Profiles
6.1.Abbott Laboratories Inc.
6.2.Analog Devices Inc.
6.3.Bayer Ag
6.4.DexCom Inc.
6.5.First Sensor AG
6.6.GE Healthcare
6.7.Honeywell International Inc.
6.8.Irhythm Technologies, Inc.
6.9.Lifescan
6.10.Medtronic Plc
6.11.NXP Semiconductors N.V.
6.12.OmniVision Technologies Inc.
6.13.Omron Corp.
6.14.Parexel International Corp.
6.15.Philips Healthcare
6.16.Pinnacle Technology, Inc.
6.17.Sanofi S.A.
6.18.Servoflo Corp.
6.19.Siemens Ag
6.20.Smiths Medical, Inc. (ICU Medical)
6.21.STMicroelectronics
6.22.TE Connectivity Ltd.
6.23.Texas Instruments Inc.
6.24.Valencell Inc.
1.GLOBAL MEDICAL SENSORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
2.GLOBAL MEDICAL SENSORS FOR PATIENT MONITORING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3.GLOBAL MEDICAL SENSORS FOR DIAGNOSTIC IMAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4.GLOBAL MEDICAL SENSORS FOR MEDICAL IMPLANTS AND ENDOSCOPY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5.GLOBAL MEDICAL SENSORS MARKET RESEARCH AND ANALYSIS BY SENSOR TYPE, 2021-2028 ($ MILLION)
6.GLOBAL MEDICAL PRESSURE SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7.GLOBAL MEDICAL TEMPERATURE SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8.GLOBAL MEDICAL BLOOD OXYGEN SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9.GLOBAL MEDICAL BLOOD GLUCOSE SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10.GLOBAL MEDICAL TOUCH SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11.GLOBAL MEDICAL IMAGE SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12.GLOBAL MEDICAL INGESTIBLE SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13.GLOBAL MEDICAL MOTION SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14.GLOBAL MEDICAL ECG SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15.GLOBAL MEDICAL HEART RATE SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16.GLOBAL MEDICAL SENSORS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
17.GLOBAL NON-INVASIVE MEDICAL SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18.GLOBAL INVASIVE MEDICAL SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
19.GLOBAL MEDICAL SENSORS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
20.NORTH AMERICAN MEDICAL SENSORS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21.NORTH AMERICAN MEDICAL SENSORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
22.NORTH AMERICAN MEDICAL SENSORS MARKET RESEARCH AND ANALYSIS BY SENSOR TYPE, 2021-2028 ($ MILLION)
23.NORTH AMERICAN MEDICAL SENSORS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
24.EUROPEAN MEDICAL SENSORS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
25.EUROPEAN MEDICAL SENSORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
26.EUROPEAN MEDICAL SENSORS MARKET RESEARCH AND ANALYSIS BY SENSOR TYPE, 2021-2028 ($ MILLION)
27.EUROPEAN MEDICAL SENSORS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
28.ASIA-PACIFIC MEDICAL SENSORS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
29.ASIA-PACIFIC MEDICAL SENSORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
30.ASIA-PACIFIC MEDICAL SENSORS MARKET RESEARCH AND ANALYSIS BY SENSOR TYPE, 2021-2028 ($ MILLION)
31.ASIA-PACIFIC MEDICAL SENSORS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
32.REST OF THE WORLD MEDICAL SENSORS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
33.REST OF THE WORLD MEDICAL SENSORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
34.REST OF THE WORLD MEDICAL SENSORS MARKET RESEARCH AND ANALYSIS BY SENSOR TYPE, 2021-2028 ($ MILLION)
35.REST OF THE WORLD MEDICAL SENSORS MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
1.IMPACT OF COVID-19 ON GLOBAL MEDICAL SENSORS MARKET, 2021-2028 ($ MILLION)
2.IMPACT OF COVID-19 ON GLOBAL MEDICAL SENSORS MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3.RECOVERY OF GLOBAL MEDICAL SENSORS MARKET, 2021-2028 (%)
4.GLOBAL MEDICAL SENSORS MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
5.GLOBAL MEDICAL SENSORS FOR PATIENT MONITORING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6.GLOBAL MEDICAL SENSORS FOR DIAGNOSTIC IMAGING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7.GLOBAL MEDICAL SENSORS FOR MEDICAL IMPLANTS AND ENDOSCOPY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8.GLOBAL MEDICAL SENSORS MARKET SHARE BY SENSOR TYPE, 2021 VS 2028 (%)
9.GLOBAL MEDICAL PRESSURE SENSORS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10.GLOBAL MEDICAL TEMPERATURE SENSORS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11.GLOBAL MEDICAL BLOOD-OXYGEN SENSORS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12.GLOBAL MEDICAL BLOOD GLUCOSE SENSORS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13.GLOBAL MEDICAL TOUCH SENSORS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14.GLOBAL MEDICAL IMAGE SENSORS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15.GLOBAL MEDICAL INGESTIBLE SENSORS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16.GLOBAL MEDICAL MOTION SENSORS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17.GLOBAL MEDICAL ECG SENSORS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18.GLOBAL MEDICAL HEART RATE SENSORS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19.GLOBAL MEDICAL SENSORS MARKET SHARE BY PRODUCT TYPE, 2021 VS 2028 (%)
20.GLOBAL NON-INVASIVE MEDICAL SENSORS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
21.GLOBAL INVASIVE MEDICAL SENSORS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
22.GLOBAL MEDICAL SENSORS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
23.US MEDICAL SENSORS MARKET SIZE, 2021-2028 ($ MILLION)
24.CANADA MEDICAL SENSORS MARKET SIZE, 2021-2028 ($ MILLION)
25.UK MEDICAL SENSORS MARKET SIZE, 2021-2028 ($ MILLION)
26.FRANCE MEDICAL SENSORS MARKET SIZE, 2021-2028 ($ MILLION)
27.GERMANY MEDICAL SENSORS MARKET SIZE, 2021-2028 ($ MILLION)
28.ITALY MEDICAL SENSORS MARKET SIZE, 2021-2028 ($ MILLION)
29.SPAIN MEDICAL SENSORS MARKET SIZE, 2021-2028 ($ MILLION)
30.REST OF EUROPE MEDICAL SENSORS MARKET SIZE, 2021-2028 ($ MILLION)
31.INDIA MEDICAL SENSORS MARKET SIZE, 2021-2028 ($ MILLION)
32.CHINA MEDICAL SENSORS MARKET SIZE, 2021-2028 ($ MILLION)
33.JAPAN MEDICAL SENSORS MARKET SIZE, 2021-2028 ($ MILLION)
34.SOUTH KOREA MEDICAL SENSORS MARKET SIZE, 2021-2028 ($ MILLION)
35.REST OF ASIA-PACIFIC MEDICAL SENSORS MARKET SIZE, 2021-2028 ($ MILLION)
36.REST OF THE WORLD MEDICAL SENSORS MARKET SIZE, 2021-2028 ($ MILLION)
