Medical
sensors that measure the physical functions of the body and convert
it into an electrical or optical signal. These devices play a major
role in the monitoring of chronic diseases such as cancer,
cardiovascular and respiratory diseases to measure the physical
function and convert it into the electrical signal. The market is
majorly directed by the increased demand for medical sensors in
diagnostic and therapeutic segments. The medical sensor monitor adds
value to the healthcare professional to alert critical deviations,
which are recorded in vital signs. This ultimately improves the
quality of care given to the patient by avoiding undesirable
complications. Moreover, the demand for medical sensors is raised
because of its wide range of applications such as monitoring of
temperature, pressure, vibration, inclusive of various diagnostic
parameters and analysis. As increase in chronic disorders and
geriatric population globally has continuously raised the demand for
these equipment. Furthermore, chronically ill patients and geriatric
population are the target area for sensor-based devices, for instance
as per National Institute of Aging, there are around 617 million
people above the age of 65 years in 2016 and it will cross 1.6
billion by 2050.
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Improved
Technology And Accuracy Fuels The Growth Of Medical Sensors Market
Medical
sensors have become a universal segment of the technologically
advanced and digital medical devices. There is a significant increase
in the development of implantable and wearable medical devices, which
facilitate the awareness about medical devices this leads to the
increased use of sensors. It is expected that rise in geriatric
population, increase in chronic diseases such as chronic obstructive
pulmonary disease (COPD), cardiovascular disease, kidney disease and
respiratory disease and rise in intensive care for critical patients
are the responsible factors supports the growth of medical sensors
market. As per Centers for Disease Control and Prevention, there are
around 15.7 million people in the U.S. diagnosed with COPD in 2014.
Furthermore, there is a wide range of benefits of the use of medical
sensors in medical devices, which increased the accuracy in disease
management through notifications alerts, and real time patient data
communication. Which expected to support the growth of medical
sensors market.
Developed
Regions Are Major Growth Engines For Medical Sensors Market
Medical
sensors market is segmented into North America, Latin America,
Europe, Asia Pacific, Middle East and Africa. North America is the
leading region due to the annual increase in minimally invasive
surgeries performed and availability of healthcare reimbursement
policy. However, market across Asia Pacific is expected to expand at
a higher rate due to, increase in diabetic population, respiratory
diseases cases, cardiovascular disease and raised investment in
healthcare sector in emerging countries such as India and China
expected to support the growth of medical sensors market.
Key
Players of the Medical Sensors Market
There
are various players present across the globe and running into the
competition. The rise in awareness about devices and increase in per
capita income of individuals expected to create more opportunities
for industry players in global medical sensors market. Some key
players are Analog Devices Inc., Broadcom Limited, Danaher, LORD
Corporation, Honeywell International Inc., OmniVision Technologies
Inc., and GE Measurement & Control.
Medical
Sensors Market Taxonomy:
By
Application -
-
Surgical
-
Diagnostic
-
Therapeutic
-
Monitoring
By
Product Type -
-
Pressure
-
Temperature
-
Image
-
Accelerometers
-
Biosensors
-
Flow
-
Superconducting Quantum
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