According to a new report published by Allied Market Research, titled, "Medical Sensors Market," The medical sensors market was valued at $16.4 billion in 2022, and is estimated to reach $30.1 billion by 2032, growing at a CAGR of 6.7% from 2023 to 2032.
Medical sensors are specialized devices or instruments designed to monitor various physiological parameters, collect data, and provide information related to a patient's health and medical condition. These sensors are an integral part of modern healthcare technology, enabling healthcare professionals to gather real-time data and make informed decisions about patient care.
The growing awareness of health and fitness is driving up demand for medical sensors. Globally, consumers are increasingly inclined to purchase portable and wearable technologies to keep track of their health. Such gadgets are in high demand from home care settings, clinics, and hospitals. The rapid global outbreak of coronavirus is driving up purchases of diagnostic and monitoring gadgets. Furthermore, the rise in the number of chronic diseases around the world is a crucial factor driving the increased sales of medical sensors. Sensor-based medical devices are increasingly being used in home care settings. As a result, the worldwide medical sensors market is being influenced. The demand for instant and remote monitoring devices in home care setting is growing due to the increasing geriatric population across the world.
Sensors are becoming more complicated. With numerous sensor types operating in the same tiny form size, the complicated design and testing process accelerates. The difficulty in testing sensors is not related to typical issues in advanced nodes. In the analog world, it is approximately 0.18 micron, maybe moving to 90nm. The broader issue is system-level sensor planning in order to obtain acceptable precision and SNR (signal-to-noise ratio) from a sensor. As a result, this issue is hampering the expansion of the medical sensors market.
Remote communication and patient monitoring have become more common due to advances in sensing and digital technology. The rapid development of smart medical devices with better sensors and communication technologies is expected to propel the global medical sensors market. With advancements in the compute and processing capability of linked medical devices, as well as wireless technologies, medical sensor makers may be able to fully realize the transformative potential of IoT technology. The shrinking of components encourages the development of small medical equipment. An increase in the number of linked medical devices, as well as technological developments in software and systems for patient treatment, are expected to drive the medical sensors market opportunity in upcoming year. .
The COVID-19 pandemic has had a significant impact on various aspects of the healthcare industry, including medical sensors. The pandemic led to a surge in the demand for medical sensors used in monitoring and diagnosing COVID-19 patients. For example, pulse oximeters and temperature sensors became crucial for monitoring patients' vital signs and identifying potential cases of the virus. Like many other industries, the medical sensor industry experienced disruptions in the supply chain due to lockdowns, travel restrictions, and other pandemic-related challenges. This affected the production and distribution of sensors, potentially causing delays and shortages.
The COVID-19 pandemic boosted the worldwide medical sensors industry, owing to increased sensor adoption in portable and linked medical devices, a growing senior population, and rising life expectancy. Rising need for wearable medical devices, rapid acceptance of IoT-based medical devices, rising healthcare expenditure, and increased demand for ventilators due to COVID-19 are some of the major reasons driving the growth of the medical sensors market.
The key players profiled in this report include: TE Connectivity, Medtronic, Analog Devices, Texas Instruments, STMicroelectronics, Tekscan, NXP Semiconductors, Sensirion, ON Semiconductor Corporation, and Amphenol Corporation. The market players are continuously striving to achieve an upper hand in this competitive market using strategies such as collaborations and acquisitions.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the medical sensors market analysis from 2022 to 2032 to identify the prevailing medical sensors market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the medical sensors market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global medical sensors market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 20% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline talk to the sales executive to know more)
- Product Benchmarking / Product specification and applications
- Technology Trend Analysis
- Go To Market Strategy
- New Product Development/ Product Matrix of Key Players
- Regulatory Guidelines
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Criss-cross segment analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
- Market share analysis of players at global/region/country level
- SWOT Analysis
Key Market Segments
By Technology
- Wearable Sensors
- Implantable Sensors
- wireless
- Others
By End User
- Hospitals
- Clinics
- Home Care Settings
- Others
By Type
- Flow Sensor
- Image Sensor
- Temperature Sensor
- Pressure Sensor
- Other Types
By Application
- Diagnostic
- Therapeutic
- Monitoring
- wellness and Fitness
- Others
By Region
- North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of LAMEA
Key Market Players:
- TE Connectivity
- Medtronic
- Analog Devices
- Texas Instruments
- STMicroelectronics
- Tekscan
- NXP Semiconductors
- Sensirion
- ON Semiconductor Corporation
- Amphenol Corporation
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
- 3.5. Average Selling Price
- 3.6. Market Share Analysis
- 3.7. Brand Share Analysis
- 3.8. Trade Data Analysis
- 3.9. Product Consumption
- 3.10. Value Chain Analysis
- 3.11. Key Regulation Analysis
- 3.12. Patent Landscape
- 3.13. Regulatory Guidelines
- 3.14. Reimbursement Scenario
CHAPTER 4: MEDICAL SENSORS MARKET, BY TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Flow Sensor
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Image Sensor
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Temperature Sensor
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Pressure Sensor
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
- 4.6. Other Types
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country
CHAPTER 5: MEDICAL SENSORS MARKET, BY APPLICATION
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Diagnostic
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Therapeutic
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Monitoring
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. wellness and Fitness
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
- 5.6. Others
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country
CHAPTER 6: MEDICAL SENSORS MARKET, BY TECHNOLOGY
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Wearable Sensors
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Implantable Sensors
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. wireless
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Others
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
CHAPTER 7: MEDICAL SENSORS MARKET, BY END USER
- 7.1. Overview
- 7.1.1. Market size and forecast
- 7.2. Hospitals
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
- 7.3. Clinics
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
- 7.4. Home Care Settings
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country
- 7.5. Others
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by region
- 7.5.3. Market share analysis by country
CHAPTER 8: MEDICAL SENSORS MARKET, BY REGION
- 8.1. Overview
- 8.1.1. Market size and forecast By Region
- 8.2. North America
- 8.2.1. Key market trends, growth factors and opportunities
- 8.2.2. Market size and forecast, by Type
- 8.2.3. Market size and forecast, by Application
- 8.2.4. Market size and forecast, by Technology
- 8.2.5. Market size and forecast, by End User
- 8.2.6. Market size and forecast, by country
- 8.2.6.1. U.S.
- 8.2.6.1.1. Market size and forecast, by Type
- 8.2.6.1.2. Market size and forecast, by Application
- 8.2.6.1.3. Market size and forecast, by Technology
- 8.2.6.1.4. Market size and forecast, by End User
- 8.2.6.2. Canada
- 8.2.6.2.1. Market size and forecast, by Type
- 8.2.6.2.2. Market size and forecast, by Application
- 8.2.6.2.3. Market size and forecast, by Technology
- 8.2.6.2.4. Market size and forecast, by End User
- 8.2.6.3. Mexico
- 8.2.6.3.1. Market size and forecast, by Type
- 8.2.6.3.2. Market size and forecast, by Application
- 8.2.6.3.3. Market size and forecast, by Technology
- 8.2.6.3.4. Market size and forecast, by End User
- 8.3. Europe
- 8.3.1. Key market trends, growth factors and opportunities
- 8.3.2. Market size and forecast, by Type
- 8.3.3. Market size and forecast, by Application
- 8.3.4. Market size and forecast, by Technology
- 8.3.5. Market size and forecast, by End User
- 8.3.6. Market size and forecast, by country
- 8.3.6.1. Germany
- 8.3.6.1.1. Market size and forecast, by Type
- 8.3.6.1.2. Market size and forecast, by Application
- 8.3.6.1.3. Market size and forecast, by Technology
- 8.3.6.1.4. Market size and forecast, by End User
- 8.3.6.2. UK
- 8.3.6.2.1. Market size and forecast, by Type
- 8.3.6.2.2. Market size and forecast, by Application
- 8.3.6.2.3. Market size and forecast, by Technology
- 8.3.6.2.4. Market size and forecast, by End User
- 8.3.6.3. France
- 8.3.6.3.1. Market size and forecast, by Type
- 8.3.6.3.2. Market size and forecast, by Application
- 8.3.6.3.3. Market size and forecast, by Technology
- 8.3.6.3.4. Market size and forecast, by End User
- 8.3.6.4. Spain
- 8.3.6.4.1. Market size and forecast, by Type
- 8.3.6.4.2. Market size and forecast, by Application
- 8.3.6.4.3. Market size and forecast, by Technology
- 8.3.6.4.4. Market size and forecast, by End User
- 8.3.6.5. Italy
- 8.3.6.5.1. Market size and forecast, by Type
- 8.3.6.5.2. Market size and forecast, by Application
- 8.3.6.5.3. Market size and forecast, by Technology
- 8.3.6.5.4. Market size and forecast, by End User
- 8.3.6.6. Rest of Europe
- 8.3.6.6.1. Market size and forecast, by Type
- 8.3.6.6.2. Market size and forecast, by Application
- 8.3.6.6.3. Market size and forecast, by Technology
- 8.3.6.6.4. Market size and forecast, by End User
- 8.4. Asia-Pacific
- 8.4.1. Key market trends, growth factors and opportunities
- 8.4.2. Market size and forecast, by Type
- 8.4.3. Market size and forecast, by Application
- 8.4.4. Market size and forecast, by Technology
- 8.4.5. Market size and forecast, by End User
- 8.4.6. Market size and forecast, by country
- 8.4.6.1. China
- 8.4.6.1.1. Market size and forecast, by Type
- 8.4.6.1.2. Market size and forecast, by Application
- 8.4.6.1.3. Market size and forecast, by Technology
- 8.4.6.1.4. Market size and forecast, by End User
- 8.4.6.2. Japan
- 8.4.6.2.1. Market size and forecast, by Type
- 8.4.6.2.2. Market size and forecast, by Application
- 8.4.6.2.3. Market size and forecast, by Technology
- 8.4.6.2.4. Market size and forecast, by End User
- 8.4.6.3. India
- 8.4.6.3.1. Market size and forecast, by Type
- 8.4.6.3.2. Market size and forecast, by Application
- 8.4.6.3.3. Market size and forecast, by Technology
- 8.4.6.3.4. Market size and forecast, by End User
- 8.4.6.4. South Korea
- 8.4.6.4.1. Market size and forecast, by Type
- 8.4.6.4.2. Market size and forecast, by Application
- 8.4.6.4.3. Market size and forecast, by Technology
- 8.4.6.4.4. Market size and forecast, by End User
- 8.4.6.5. Australia
- 8.4.6.5.1. Market size and forecast, by Type
- 8.4.6.5.2. Market size and forecast, by Application
- 8.4.6.5.3. Market size and forecast, by Technology
- 8.4.6.5.4. Market size and forecast, by End User
- 8.4.6.6. Rest of Asia-Pacific
- 8.4.6.6.1. Market size and forecast, by Type
- 8.4.6.6.2. Market size and forecast, by Application
- 8.4.6.6.3. Market size and forecast, by Technology
- 8.4.6.6.4. Market size and forecast, by End User
- 8.5. LAMEA
- 8.5.1. Key market trends, growth factors and opportunities
- 8.5.2. Market size and forecast, by Type
- 8.5.3. Market size and forecast, by Application
- 8.5.4. Market size and forecast, by Technology
- 8.5.5. Market size and forecast, by End User
- 8.5.6. Market size and forecast, by country
- 8.5.6.1. Brazil
- 8.5.6.1.1. Market size and forecast, by Type
- 8.5.6.1.2. Market size and forecast, by Application
- 8.5.6.1.3. Market size and forecast, by Technology
- 8.5.6.1.4. Market size and forecast, by End User
- 8.5.6.2. Saudi Arabia
- 8.5.6.2.1. Market size and forecast, by Type
- 8.5.6.2.2. Market size and forecast, by Application
- 8.5.6.2.3. Market size and forecast, by Technology
- 8.5.6.2.4. Market size and forecast, by End User
- 8.5.6.3. United Arab Emirates
- 8.5.6.3.1. Market size and forecast, by Type
- 8.5.6.3.2. Market size and forecast, by Application
- 8.5.6.3.3. Market size and forecast, by Technology
- 8.5.6.3.4. Market size and forecast, by End User
- 8.5.6.4. South Africa
- 8.5.6.4.1. Market size and forecast, by Type
- 8.5.6.4.2. Market size and forecast, by Application
- 8.5.6.4.3. Market size and forecast, by Technology
- 8.5.6.4.4. Market size and forecast, by End User
- 8.5.6.5. Rest of LAMEA
- 8.5.6.5.1. Market size and forecast, by Type
- 8.5.6.5.2. Market size and forecast, by Application
- 8.5.6.5.3. Market size and forecast, by Technology
- 8.5.6.5.4. Market size and forecast, by End User
CHAPTER 9: COMPETITIVE LANDSCAPE
- 9.1. Introduction
- 9.2. Top winning strategies
- 9.3. Product Mapping of Top 10 Player
- 9.4. Competitive Dashboard
- 9.5. Competitive Heatmap
- 9.6. Top player positioning, 2022
CHAPTER 10: COMPANY PROFILES
- 10.1. TE Connectivity
- 10.1.1. Company overview
- 10.1.2. Key Executives
- 10.1.3. Company snapshot
- 10.2. Medtronic
- 10.2.1. Company overview
- 10.2.2. Key Executives
- 10.2.3. Company snapshot
- 10.3. Analog Devices
- 10.3.1. Company overview
- 10.3.2. Key Executives
- 10.3.3. Company snapshot
- 10.4. Texas Instruments
- 10.4.1. Company overview
- 10.4.2. Key Executives
- 10.4.3. Company snapshot
- 10.5. STMicroelectronics
- 10.5.1. Company overview
- 10.5.2. Key Executives
- 10.5.3. Company snapshot
- 10.6. Tekscan
- 10.6.1. Company overview
- 10.6.2. Key Executives
- 10.6.3. Company snapshot
- 10.7. NXP Semiconductors
- 10.7.1. Company overview
- 10.7.2. Key Executives
- 10.7.3. Company snapshot
- 10.8. Sensirion
- 10.8.1. Company overview
- 10.8.2. Key Executives
- 10.8.3. Company snapshot
- 10.9. ON Semiconductor Corporation
- 10.9.1. Company overview
- 10.9.2. Key Executives
- 10.9.3. Company snapshot
- 10.10. Amphenol Corporation
- 10.10.1. Company overview
- 10.10.2. Key Executives
- 10.10.3. Company snapshot