The global medical sensors market was valued at US$ 11,943.1 Mn in 2017. According to the report, the global medical sensors market is projected to reach US$ 26 Bn by 2026 at a CAGR of 9 % from 2018 to 2026.
Implantable sensors is an emerging segment of medical sensors market. The segment is projected to account for 28.5% share of the market by 2026 and anticipated to expand at a CAGR of 12.0% during the forecast period from 2018 to 2026.
The hospitals segment held the major share of the global market in 2018. The segment is projected to expand at a CAGR of 9.2% from 2018 to 2026. The home care settings segment is expected to expand at a CAGR of 12.7% during the forecast period.
Factors such as increase in government initiatives for the adoption of mHealth products and rise in adoption of Internet of Things (IoT) and other medical advancements are propelling the global market. Moreover, increase in public and private investments in mHealth products and rise in adoption of smartphones and other electronics with sensor technology boost the growth of the global medical sensors market. The Americas dominated the global market in 2017. This is attributed to the availability of advanced health care infrastructure in the region and high consumption of medical devices. The medical sensors market in Asia Pacific is expected to expand at a CAGR of 11.4% during the forecast period. Increase in focus on development of medical sensors in the past few years, improvement in health care infrastructure, and early detection of diseases fuel the growth of the medical sensors market in Asia Pacific and EMEA.
The report on medical sensors market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global medical sensors market over the period of 2019 to 2026. Moreover, the report is collective presentation of primary and secondary research findings.
Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global medical sensors market over the period of 2019 to 2026.
The global medical sensors market has been segmented based on product, application, placement, end-user, and region.
The global medical sensors market has been segmented as follows:
- Global Medical Sensors Market, by Product
- Temperature sensors
- Motion sensors
- Image Sensors
- Flow Sensors
- Pressure Sensors
- Global Medical Sensors Market, by Application
- Imaging Diagnostics
- Analytical Equipment Diagnostics
- Invasive Monitoring
- Non-invasive Monitoring
- Surgery/Minimally Invasive Surgery
- Drug Delivery/Infusion
- Wellness & Fitness
- Global Medical Sensors Market, by Placement
- Wearable Sensors
- Wireless Sensors
- Implantable Sensors
- Global Medical Sensors Market, by End-user
- Home Care Settings
- Global Medical Sensors Market, by Region
- Rest of Americas
- Europe, Middle East, and Africa
- Rest of EMEA
- Asia Pacific
- Rest of Asia Pacific
Key players in the global medical sensors market are Cardiomo, Honeywell International, Inc., TE Connectivity, Dexcom, Inc., Medtronic, Danaher Corporation, First Sensor AG, Sensirion AG, Smiths Groups plc, and GluSense Ltd. Each of these players have been profiled in terms of attributes such as company description, overview, financial overview, business and product portfolio, business strategies, and recent developments.