Technavio has announced the release of their research report on the
global medical sensors market for the forecast period 2019-2023. This
global medical sensors market analysis report segments the market by
end-user (hospitals, clinics, and home care settings) and geography
(Asia, Europe, North America, and ROW).
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Technavio has published a new market research report on the global medical sensors market from 2019-2023. (Graphic: Business Wire)
Global medical sensors market size will grow by almost USD 6.22 billion
during 2019-2023, at a CAGR of 9%. The demand for digital medicine and
sensor-enabled pills has been growing substantially. Sensor-enabled
pills transmit information from the patient’s body to a mobile
application. Patients can also share such information with their
caregivers and physicians through a web-based patient monitoring
applications. Such pills are gaining popularity as they can track the
effects of medicines in real time and reduce the cost of treatments.
This growing trend will increase the adoption of medical sensors and
will positively impact the growth of the global medical sensors market
over the forecast period.
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Rising demand for medical sensors in home care
settings
Patients are increasingly adopting home healthcare services due to the
increasing treatment costs in hospitals and clinics. Portable medical
devices such as blood pressure monitors and blood glucose monitors are
increasingly being adopted in home care settings due to the increased
need for remote patient monitoring. This eliminates the patient’s
frequent hospital visits and reduces the burden of traveling and waiting
time, especially for geriatric patients. The increasing demand for
medical sensors in home care settings is expected to drive the global
medical sensors market.
“North America will be the largest contributor to the global medical
sensors market. The presence of many medical sensor vendors in the US
will drive the growth of the market in the region. In terms of growth
rate, the Asian region will witness the fastest growth during the
forecast period. The increasing prevalence of chronic disorders and the
increased focus toward healthcare will increase the demand for medical
sensors. Emerging economies such as Southeast Asia and India will
further drive the demand for medical sensors,” says an analyst at
Technavio.
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snapshot of the report for a more detailed overview of the
market and the segmentation covered in this report
This global medical sensors industry research report provides an
in-depth analysis of the major drivers, upcoming trends, and challenges
that will impact market growth over the forecast period. The report
analyzes the competitive landscape and offers details on several medical
sensor manufacturers including –
- First Sensor AG
- HONEYWELL INTERNATIONAL INC.
- Medtronic
- NXP Semiconductors
- Smiths Group plc.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.
Technavio’s report library consists of more than 10,000 reports covering
800 technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100 Fortune
500 companies.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190415005616/en/