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PUBLISHER: Grand View Research | PRODUCT CODE: 1553685
PUBLISHER: Grand View Research | PRODUCT CODE: 1553685
Medical Sensors Market Size, Share & Trends Analysis Report By Product (Pressure Sensors, Temperature Sensor), By Application (Surgical, Diagnostic, Therapeutics), By End Use, By Region, And Segment Forecasts, 2024 - 2030
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Medical Sensors Market Growth & Trends:
The global medical sensors market size is expected to reach USD 142.2 billion by 2030, registering a CAGR of 19.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. it's upsurge in the number of patients afflicted with chronic conditions, such as diabetes and hypertension, is fueling the usage of monitoring as well therapeutic devices, thus boosting the market demand.
The target population for this market is patients with chronic illnesses, as such conditions necessitate regular checkups and intermittent or continuous patient monitoring. The rise in population of chronically ill patients further increases the uptake of the medical sensors.
The geriatric population is highly prone to developing chronic disorders and they pose a higher risk of developing age-related deformities and complications. Moreover, the adoption of unhealthy food habits and sedentary lifestyles and the resultant surge in the incidence of obesity has led to the increasing prevalence of lifestyle disorders including diabetes. The presence of a large target population base combined with the prevalence of lifestyle-related risk factors is likely to accelerate the growth of the medical sensors market during the forecast period.
Technological advancements in terms of accuracy, portability, and affordability associated with the new generation medical sensors resulted in the increased usage of these devices; for instance, the introduction of easy-to-operate, home-based diagnostic kits that are cost effective.
Medical Sensors Market Report Highlights:
- The biosensors products segment held a lucrative share of over 44.0% in 2023. This is ascribable to the following attributes of the novel biosensors: durability, reliability, and accuracy. Moreover, their applications in the healthcare areas, such as the detection of drug abuse, glucose monitoring for diabetes, the detection of cholesterol, and others. All these elements governed the growth of this segment in 2023.
- The surgical applications of the sensors dominated the market in 2023. Whereas, the monitoring applications segment is projected to be the fastest growing during the forecast period. Advancements, such as wearable technology are anticipated to boost the demand for the monitoring devices market.
- The hospitals registered a remunerative growth in 2023; this can be attributed to the presence of a well-developed healthcare infrastructure, which yields faster and accurate diagnosis. Moreover, the availability of well-equipped infrastructure coupled with the presence of skilled personnel and technologically advanced equipments contribute towards the lucrative growth of this segment.
- North America held a considerably large share of over 34.6% in 2023 owing to the presence of leading sensor manufacturers, a well-planned medical reimbursement network, and the increasing disposable income
- On the contrary, Asia Pacific is anticipated to be the fastest growing region with a CAGR of over 20.6% over the forecast period. The favorable economic developments and the advancing healthcare system with the aid of supportive government initiatives are anticipated to further assist the growth. Moreover, the increasing base of the aging population in this region also, additionally impels the demand. According to the report published by the Ministry of Statistics, in India, 8.6% of the total population is aged above 60; hence, presenting a profitable opportunity for the market players to invest in this region.
Product Code: 978-1-68038-926-5
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Global Medical Sensors Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Global Medical Sensors Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
- 3.4.1. Porter's Analysis
Chapter 4. Global Medical Sensors Market: Product Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Global Medical Sensors Market: Product Movement Analysis, 2023 & 2030 (USD Million)
- 4.3. Pressure Sensors
- 4.3.1. Pressure Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Temperature Sensors
- 4.4.1. Temperature Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Image Sensors
- 4.5.1. Image Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. Accelerometer
- 4.6.1. Accelerometer Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7. Biosensors
- 4.7.1. Biosensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.8. Flow Sensors
- 4.8.1. Flow Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.9. Squid Sensors
- 4.9.1. Squid Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.10. Other
- 4.10.1. Other Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Global Medical Sensors Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Global Medical Sensors Market: Application Movement Analysis, 2023 & 2030 (USD Million)
- 5.3. Surgical
- 5.3.1. Surgical Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Diagnostics
- 5.4.1. Diagnostics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Therapeutics
- 5.5.1. Therapeutics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Monitoring
- 5.6.1. Monitoring Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Global Medical Sensors Market: End Use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Global Medical Sensors Market: End Use Movement Analysis, 2023 & 2030 (USD Million)
- 6.3. Hospital
- 6.3.1. Hospital Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Stand Alone Clinics
- 6.4.1. Stand Alone Clinics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Nursing Homes
- 6.5.1. Nursing Homes Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Home Healthcare
- 6.6.1. Home Healthcare Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7. Others
- 6.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Global Medical Sensors Market: Regional Estimates & Trend Analysis
- 7.1. Global Medical Sensors Market Share, By Region, 2023 & 2030 (USD Million)
- 7.2. North America Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.1. U.S.
- 7.2.1.1. U.S. Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. Canada
- 7.2.2.1. Canada Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Mexico
- 7.2.3.1. Mexico Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.1. U.S.
- 7.3. Europe
- 7.3.1. Europe Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. U.K.
- 7.3.2.1. U.K. Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Germany Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. France Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.5. Italy
- 7.3.5.1. Italy Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.6. Spain
- 7.3.6.1. Spain Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.7. Denmark
- 7.3.7.1. Denmark Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.8. Sweden
- 7.3.8.1. Sweden Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.9. Norway
- 7.3.9.1. Norway Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.1. China
- 7.4.1.1. China Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. Japan
- 7.4.2.1. Japan Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.3. India
- 7.4.3.1. India Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.4. South Korea
- 7.4.4.1. South Korea Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.5. Australia
- 7.4.5.1. Australia Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.6. Thailand
- 7.4.6.1. Thailand Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.1. China
- 7.5. Latin America
- 7.5.1. Latin America Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.3. Argentina
- 7.5.4. Argentina Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. Saudi Arabia
- 7.6.2.1. Saudi Arabia Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.3. UAE
- 7.6.3.1. UAE Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.4. South Africa
- 7.6.4.1. South Africa Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.5. Kuwait
- 7.6.5.1. Kuwait Medical Sensors Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles
- 8.4.1. Analog Devices Inc.
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Product Benchmarking
- 8.4.1.4. Recent Developments/ Strategic Initiatives
- 8.4.2. Avago Technologies Ltd.
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Product Benchmarking
- 8.4.2.4. Recent Developments/ Strategic Initiatives
- 8.4.3. Danaher Corporation
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Product Benchmarking
- 8.4.3.4. Recent Developments/ Strategic Initiatives
- 8.4.4. G.E. Healthcare
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Product Benchmarking
- 8.4.4.4. Recent Developments/ Strategic Initiatives
- 8.4.5. Honeywell International Inc.
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Product Benchmarking
- 8.4.5.4. Recent Developments/ Strategic Initiatives
- 8.4.6. Micro-Epsilon Messtechnik
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Product Benchmarking
- 8.4.6.4. Recent Developments/ Strategic Initiatives
- 8.4.7. Stellar Technology
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Product Benchmarking
- 8.4.7.4. Recent Developments/ Strategic Initiatives
- 8.4.8. OmniVision Technologies, Inc.
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Product Benchmarking
- 8.4.8.4. Recent Developments/ Strategic Initiatives
- 8.4.9. Sensirion AG
- 8.4.9.1. Participant's Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Product Benchmarking
- 8.4.9.4. Recent Developments/ Strategic Initiatives
- 8.4.10. Stryker Corporation
- 8.4.10.1. Participant's Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Product Benchmarking
- 8.4.10.4. Recent Developments/ Strategic Initiatives
- 8.4.1. Analog Devices Inc.
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