Medical Sensors Market was valued at USD 1,455 Million in 2019 and predicted to grow at 10.1% CAGR over the forecast period.

Medical Sensors are the point of care devices that give analysis by responding and converting different physical stimuli such as pressure, sound, heat, and light into electrical signals. Medical sensors are portable scanning devices that play an important role in monitoring, diagnosing, and therapeutic processes. These are used in various specialties such as cardiology, neurology, radiology, and other such areas.The global market for medical sensors has been categorized on the basis of sensors type such as temperature sensors, pressure sensors, blood oxygen sensors, blood glucose sensors, image sensors, electrocardiogram (ECG) sensors, ingestible sensors, motion sensors, heart rate sensors, touch sensors and others.

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The significant factors which are responsible for propelling the growth of the market include several technological advancements in medical devices such as the introduction of fiber optics with real-time & monitoring capabilities and digital medical monitoring devices and increasing implementation of these sensors in the connected medical devices across the globe. Additionally, the rising demand for wearable devices such as fitness band, health & heart monitor, and increasing investment in the healthcare sector across several countries are some other factors bolstering the growth of the medical sensors in the market during the forecast period. Moreover, increasing inclination towards homecare point of care devices is also paving the way for the medical sensors market as these devices provide flexibility and reduce time to travel to a physician. The growing geriatric population and increasing investment in research & development of such sensors by leading companies are further driving the market growth. The factors which are responsible for hampering the growth of the global medical sensors market include the slow adoption of the advanced medical system in developing regions and quality concern regarding medical sensors devices usage.

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Based on the sensor type, the pressure sensors segment is anticipated to increase at a higher CAGR in the global medical sensors market during the forecast period owing to the rising penetration of this type of sensors in medical devices like blood pressure monitors, respiratory therapy devices, and heart rate monitors. Moreover, various medical applications of pressure sensors such as used for the monitoring of oxygen pressure in oxygen therapy system, provides positive pressure masks to treat sleep apnoea, and ensures the right amount of drug delivery by controlling & measuring the flow of fluids in the patient through drug delivery systems are some other factors which are bolstering the growth of the market in this segment.

Based on the product type, the non-invasive segment is projected to grow at a higher CAGR over the forecast period in the global medical sensors market due to the rising implementation of IoT in medical devices and the growing demand for connected medical devices worldwide. The benefit offered by non-invasive monitoring devices to decrease the number of emergency visits & hospitalization by early detecting the problem is also a major factor bolstering the growth of the market in this segment.

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Based on the region, the North America region is expected to increase at a higher CAGR in the global medical sensors market during the forecast period due to the rising demand for medical sensors in the region as a result of increasing investments in the healthcare sector across countries like the United States. Moreover, the presence of various manufacturers of medical sensors and medical devices, along with the growing technological advancements in the healthcare industry, are some other factors that are surging the demand for medical sensors in the region.

Various notable players operating in the market include TE Connectivity, Texas Instruments Incorporated, Medtronic, First Sensor AG, STMicroelectronics, Tekscan, Inc., Sensirion AG Switzerland, NXP Semiconductors, Proteus Digital Health, and Amphenol Advanced Sensors, among others. 

Key Developments: 

• • In 2020, TE Connectivity acquired a majority of share of 71.87% of First Sensor, a player in sensor technology. Through this acquistion, the company planned to offer a broad product base that includes innovative sensors, systems, and connectors with enhanced qualities, which will help to support the growth strategy of the company’s sensor business.
  • In 2019, Medtronic acquired Titan Spine, which is a titanium spine interbody implant and surface technology company. Through this acquisition, the company planned to strengthen its position in the procedural solutions for spine surgery.

The global medical sensors market has been segmented on the basis of sensors type, product type, application, end user, and regions. Based on sensors type, the market is segmented into temperature sensors, pressure sensors, blood oxygen sensors, blood glucose sensors, image sensors, electrocardiogram (ECG) sensors, ingestible sensors, motion sensors, heart rate sensors, and touch sensors. Based on product type, the market is segmented into invasive and non-invasive. Based on application, the market is segmented into patient monitoring, diagnostic imaging, and medical implants & endoscopy. Based on end user, the market is segmented into nursing homes, assisted living facilities, long-term care centers, & home care settings, hospitals & clinics, and others. 

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Key questions answered in this research report:

• • At what pace is the global medical sensors market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the medical sensors market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global medical sensors market?
  • Which sensors type generated maximum revenues in 2019 and identify the most promising sensors type during the forecast period?
  • What are the various application areas of the global medical sensors market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues (2019)	USD 1,445 Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Sensors Type, By Product Type, By Application, By End User, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	TE Connectivity, Texas Instruments Incorporated, Medtronic, First Sensor AG, STMicroelectronics, Tekscan, Inc., Sensirion AG Switzerland, NXP Semiconductors, Proteus Digital Health, and Amphenol Advanced Sensors, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Medical Sensors Market by Sensors Type

• • Temperature Sensors
  • Pressure Sensors
  • Blood Oxygen Sensors
  • Blood Glucose Sensors
  • Image Sensors
  • Electrocardiogram (ECG) Sensors
  • Ingestible Sensors
  • Motion Sensors
  • Heart Rate Sensors
  • Touch Sensors

Global Medical Sensors Market by Product Type

• • Invasive
  • Non-Invasive

Global Medical Sensors Market by Application

• • Patient Monitoring
  • Diagnostic Imaging
  • Medical Implants & Endoscopy

Global Medical Sensors Market by End User

• • Nursing Homes, Assisted Living Facilities, Long-Term Care Centers, & Home Care Settings
  • Hospitals & Clinics
  • Others

Global Medical Sensors Market by Region

• • North America Medical Sensor Market (Option 1: As a part of the free 25% customization)
    • North America Market by Sensors Type
    • North America Market by Product Type
    • North America Market by Application
    • North America Market by End User
    • US Market All-Up
    • Canada Market All-Up
  • Europe Medical Sensor Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Sensors Type
    • Europe Market by Product Type
    • Europe Market by Application
    • Europe Market by End User
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Medical Sensor Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Sensors Type
    • Asia-Pacific Market by Product Type
    • Asia-Pacific Market by Application
    • Asia-Pacific Market by End User
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Medical Sensor Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Sensors Type
    • RoW Market by Product Type
    • RoW Market by Application
    • RoW Market by End User
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Medical Sensors Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • TE Connectivity
  • Texas Instruments Incorporated
  • Medtronic
  • First Sensor AG
  • STMicroelectronics
  • Tekscan, Inc.
  • Sensirion AG Switzerland
  • NXP Semiconductors
  • Proteus Digital Health
  • Amphenol Advanced Sensors