Medical Sensors Market with COVID-19 Impact Analysis - Global Forecast to 2026

Table of Content

1 INTRODUCTION 30
1.1 STUDY OBJECTIVES 30
1.2 MARKET DEFINITION 30
1.3 STUDY SCOPE 31
1.3.1 MARKETS COVERED 31
FIGURE 1 MEDICAL SENSORS MARKET SEGMENTATION 31
1.3.2 GEOGRAPHIC SCOPE 32
1.3.3 INCLUSIONS AND EXCLUSIONS 32
TABLE 1 MEDICAL SENSORS MARKET: INCLUSIONS AND EXCLUSIONS 32
1.3.4 YEARS CONSIDERED 33
1.4 CURRENCY 33
1.5 LIMITATIONS 33
1.6 SUMMARY OF CHANGES 34
1.7 STAKEHOLDERS 34
2 RESEARCH METHODOLOGY 35
2.1 RESEARCH DATA 35
FIGURE 2 MEDICAL SENSORS MARKET: RESEARCH DESIGN 36
2.1.1 SECONDARY DATA 37
2.1.1.1 List of major secondary sources 37
2.1.1.2 Key data from secondary sources 38
2.1.2 PRIMARY DATA 38
2.1.2.1 Primary interviews with experts 38
2.1.2.2 List of key primary participants 39
2.1.2.3 Breakdown of primaries 39
2.1.2.4 Key data from primary sources 40
2.1.3 SECONDARY AND PRIMARY RESEARCH 41
2.1.3.1 Key industry insights 42
2.2 MARKET SIZE ESTIMATION 42
2.2.1 BOTTOM-UP APPROACH 42
2.2.1.1 Approach for estimating market size by bottom-up analysis
(demand side) 42
FIGURE 3 BOTTOM-UP APPROACH 43
2.2.2 TOP-DOWN APPROACH 43
2.2.2.1 Approach for estimating market size by top-down analysis
(supply side) 43
FIGURE 4 TOP-DOWN APPROACH 44
2.2.3 MEDICAL SENSORS MARKET SIZE ESTIMATION: DEMAND-SIDE ANALYSIS 44
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: DEMAND-SIDE ANALYSIS 45
2.2.4 MEDICAL SENSORS MARKET SIZE ESTIMATION: SUPPLY-SIDE ANALYSIS 46
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS 46
2.2.5 ASSUMPTIONS FOR GROWTH FORECAST 47
TABLE 2 ASSUMPTIONS 47
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 48
FIGURE 7 DATA TRIANGULATION 48
2.4 RESEARCH ASSUMPTIONS 49
2.5 RISK ASSESSMENT 50
TABLE 3 RISK ASSESSMENT : MEDICAL SENSORS MARKET 50
3 EXECUTIVE SUMMARY 51
3.1 POST-COVID-19: REALISTIC SCENARIO 51
3.2 POST-COVID-19: OPTIMISTIC SCENARIO 52
3.3 POST-COVID-19: PESSIMISTIC SCENARIO 52
FIGURE 8 PRE-AND POST-COVID-19 SCENARIO ANALYSIS FOR MEDICAL SENSORS MARKET, 2017–2026 (USD MILLION) 52
FIGURE 9 MEDICAL SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 53
FIGURE 10 FLOW SENSORS TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD 54
FIGURE 11 PATIENT MONITORING DEVICES TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD 55
FIGURE 12 NONINVASIVE MEDICAL PROCEDURE TO HOLD LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD 55
FIGURE 13 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET IN 2020 56
4 PREMIUM INSIGHTS 57
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN MEDICAL SENSORS MARKET 57
FIGURE 14 INCREASING ADOPTION OF IOT-BASED MEDICAL DEVICES TO DRIVE GROWTH OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD 57
4.2 MEDICAL SENSORS MARKET IN EUROPE, BY MEDICAL PROCEDURE AND COUNTRY, 2020 58
FIGURE 15 NONINVASIVE MEDICAL PROCEDURE AND GERMANY HELD LARGEST SHARE OF MEDICAL SENSORS MARKET IN EUROPE IN 2020 58
4.3 MEDICAL SENSORS MARKET, BY MEDICAL DEVICE CLASSIFICATION 58
FIGURE 16 CLASS II MEDICAL DEVICES TO HOLD LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD 58
4.4 MEDICAL SENSORS MARKET, BY END-USE PRODUCT 59
FIGURE 17 PATIENT MONITORING DEVICES TO HOLD LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD 59
4.5 MEDICAL SENSORS MARKET, BY SENSOR TYPE 59
FIGURE 18 FLOW SENSORS TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD 59
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4.6 MEDICAL SENSORS MARKET, BY MEDICAL PROCEDURE 60
FIGURE 19 NONINVASIVE MEDICAL PROCEDURE TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD 60
4.7 MEDICAL SENSORS MARKET, BY REGION 60
FIGURE 20 NORTH AMERICA TO HOLD LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD 60
5 MARKET OVERVIEW 61
5.1 INTRODUCTION 61
5.2 MARKET DYNAMICS 61
FIGURE 21 MEDICAL SENSORS MARKET, DRIVERS, RESTRAINTS,
OPPORTUNITIES, AND CHALLENGES 61
5.2.1 DRIVERS 62
5.2.1.1 Increasing adoption of sensors in portable and
connected medical devices 62
5.2.1.2 Growing elderly population and increasing life expectancy 62
FIGURE 22 COMPARISON OF GLOBAL AND REGIONAL ELDERLY POPULATION AGED 60 YEARS AND ABOVE FOR 2017, 2030, AND 2050 63
5.2.1.3 Rising demand for wearable medical devices 63
5.2.1.4 Surging adoption of IoT-based medical devices 63
FIGURE 23 SHIPMENT DATA FOR IOT-BASED MEDICAL DEVICES, 2015–2020 64
5.2.1.5 Burgeoning expenditure on healthcare 64
FIGURE 24 HEALTHCARE EXPENDITURE AS A PERCENTAGE OF GDP FOR
1995, 2005, 2014, AND 2024 65
5.2.1.6 Accelerating demand for ventilators due to COVID–19 65
FIGURE 25 IMPACT ANALYSIS OF DRIVERS FOR MEDICAL SENSORS MARKET 66
5.2.2 RESTRAINTS 66
5.2.2.1 Low penetration of medical devices in developing countries 66
5.2.2.2 Complexity in designing compatible medical sensors 67
FIGURE 26 IMPACT ANALYSIS OF RESTRAINTS FOR MEDICAL SENSORS MARKET 67
5.2.3 OPPORTUNITIES 67
5.2.3.1 Advancements in sensors and digital technologies 67
5.2.3.2 Growth outlook of healthcare industry 68
5.2.3.3 Collaborations among key market players to develop
healthcare solutions 68
5.2.3.4 Increased adoption of surgical robots 68
FIGURE 27 IMPACT ANALYSIS OF OPPORTUNITIES FOR MEDICAL SENSORS MARKET 69
5.2.4 CHALLENGES 69
5.2.4.1 Stringent regulatory environment and requirement of
product approvals 69
5.2.4.2 Data leakages associated with connected medical devices 70
FIGURE 28 IMPACT ANALYSIS OF CHALLENGES FOR MEDICAL SENSORS MARKET 70
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6 INDUSTRY TRENDS 71
6.1 INTRODUCTION 71
6.2 VALUE CHAIN ANALYSIS 71
FIGURE 29 MEDICAL SENSORS MARKET: VALUE CHAIN ANALYSIS 72
TABLE 4 MEDICAL SENSORS MARKET: SUPPLY CHAIN ANALYSIS 73
6.3 PRICING ANALYSIS: AVERAGE SELLING PRICE TRENDS 74
FIGURE 30 AVERAGE SELLING PRICE (ASP) OF MEDICAL SENSORS, BY SENSOR TYPE (USD), 2017–2026 74
TABLE 5 AVERAGE SELLING PRICE (ASP) OF MEDICAL SENSORS, BY SENSOR TYPE, 2017–2020 (USD) 74
TABLE 6 AVERAGE SELLING PRICE (ASP) OF MEDICAL SENSORS, BY SENSOR TYPE, 2021–2026 (USD) 75
TABLE 7 MEDICAL SENSORS MARKET: AVERAGE SELLING PRICE (ASP) OF IMAGE SENSORS FOR IMAGING DEVICES, 2020 VS. 2026 75
6.4 LIST OF KEY PATENTS AND INNOVATIONS 76
FIGURE 31 NUMBER OF PATENTS FOR MEDICAL SENSORS, 2010–2020 76
FIGURE 32 APPLICANT-WISE ANALYSIS OF PATENTS FILED BY PLAYERS FOR MEDICAL SENSORS, 2018–2021 76
FIGURE 33 REGION-WISE ANALYSIS OF PATENTS FILED BY APPLICANTS FOR MEDICAL SENSORS, 2018–2021 77
TABLE 8 TOP 20 PATENT OWNERS FOR MEDICAL SENSORS, 2010-2020 77
TABLE 9 KEY PATENTS AND INNOVATIONS IN MEDICAL SENSORS MARKET,
2018–2021 78
6.5 KEY TECHNOLOGY TRENDS 79
6.5.1 SURGICAL ROBOTS 79
6.5.2 IOT-BASED MEDICAL DEVICES 79
6.5.3 AI-BASED MEDICAL DEVICES 80
6.6 PORTER’S FIVE FORCES ANALYSIS 80
FIGURE 34 MEDICAL SENSORS MARKET: INTENSITY OF COMPETITIVE RIVALRY IS HIGH 80
FIGURE 35 IMPACT OF PORTER’S FIVE FORCES ON MEDICAL SENSORS MARKET 81
TABLE 10 MEDICAL SENSORS MARKET: PORTER’S FIVE FORCES ANALYSIS 81
6.6.1 THREAT OF NEW ENTRANTS 81
6.6.2 THREAT OF SUBSTITUTES 81
6.6.3 BARGAINING POWER OF SUPPLIERS 82
6.6.4 BARGAINING POWER OF BUYERS 82
6.6.5 INTENSITY OF COMPETITIVE RIVALRY 82
6.7 CASE STUDIES 83
6.7.1 POCKET-SIZED CPR DEVICE 83
TABLE 11 ZOLL MEDICAL DEVELOPED PALM-SIZED CPR DEVICE USING MOTION SENSORS BY ANALOG DEVICES 83
6.7.2 TEMPERATURE SENSORS FOR MEDICAL USE 83
TABLE 12 PEAK SENSORS OFFERED ERROR-FREE TEMPERATURE SENSORS TO AN INTERNATIONAL MEDICAL COMPANY 83
6.7.3 OPTICAL SENSOR FOR MEDICAL MONITORING 84
TABLE 13 PROMET OPTICS DEVELOPED A FLEXIBLE OPTICAL SENSING SOLUTION FOR AN INTERNATIONAL MEDICAL DEVICES CORPORATION 84
6.8 TRADE DATA 84
TABLE 14 EXPORTS DATA FOR APPARATUS BASED ON USE OF X-RAYS UNDER HS CODE: 9022, 2016–2020 (USD MILLION) 84
FIGURE 36 EXPORTS DATA FOR APPARATUS BASED ON USE OF X-RAYS FOR MAJOR COUNTRIES, 2016–2020 (USD MILLION) 85
TABLE 15 IMPORTS DATA FOR APPARATUS BASED ON USE OF X-RAYS UNDER HS CODE: 9022, 2016–2020 (USD MILLION) 85
FIGURE 37 IMPORTS DATA FOR APPARATUS BASED ON USE OF X-RAYS FOR MAJOR COUNTRIES, 2016–2020 (USD MILLION) 86
TABLE 16 EXPORTS DATA FOR MAGNETIC RESONANCE IMAGING APPARATUS UNDER HS CODE: 901813, 2015–2019 (USD MILLION) 86
FIGURE 38 EXPORTS DATA FOR MAGNETIC RESONANCE IMAGING APPARATUS FOR MAJOR COUNTRIES, 2015–2019 (USD MILLION 87
TABLE 17 IMPORTS DATA FOR MAGNETIC RESONANCE IMAGING APPARATUS UNDER HS CODE: 901813, 2015–2019 (USD MILLION) 87
FIGURE 39 IMPORT DATA FOR MAGNETIC RESONANCE IMAGING APPARATUS FOR MAJOR COUNTRIES, 2015–2019 88
6.9 REGULATORY ENVIRONMENT 88
6.9.1 INDIA 88
6.9.2 US 89
6.10 MEDICAL SENSORS MARKET ECOSYSTEM 89
FIGURE 40 ECOSYSTEM OF MEDICAL SENSORS MARKET 89
6.11 TRENDS /DISRUPTIONS IMPACTING BUSINESSES OF CUSTOMERS 90
FIGURE 41 REVENUE SHIFT FOR MEDICAL SENSORS MARKET 90
7 MEDICAL SENSORS MARKET, BY SENSOR TYPE 91
7.1 INTRODUCTION 92
TABLE 18 MEDICAL SENSORS MARKET, BY SENSOR TYPE, 2017–2020 (USD MILLION) 92
FIGURE 42 FLOW SENSORS TO ACCOUNT FOR LARGEST OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD 93
TABLE 19 MEDICAL SENSORS MARKET, BY SENSOR TYPE, 2021–2026 (USD MILLION) 94
TABLE 20 MEDICAL SENSORS MARKET, BY SENSOR TYPE,
2017–2020 (MILLION UNITS) 95
TABLE 21 MEDICAL SENSORS MARKET, BY SENSOR TYPE,
2021–2026 (MILLION UNITS) 95
7.2 TEMPERATURE SENSORS 96
7.2.1 INCREASED ADOPTION OF TEMPERATURE SENSORS FOR IMAGING DEVICES, PATIENT MONITORING DEVICES, AND MEDICAL IMPLANTABLE DEVICES IS DRIVING THIS SEGMENT 96
TABLE 22 TEMPERATURE SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION) 96
TABLE 23 TEMPERATURE SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 97
7.3 PRESSURE SENSORS 97
7.3.1 ADVANCED PRESSURE SENSING TECHNOLOGIES USED IN MEDICAL DEVICES ENHANCE PATIENT CARE AND REDUCE COSTS 97
TABLE 24 PRESSURE SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION) 98
TABLE 25 PRESSURE SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 98
7.4 BLOOD GLUCOSE SENSORS 98
7.4.1 INCREASING NUMBER OF PEOPLE HAVING DIABETES, HEART-RELATED DISEASES, AND KIDNEY PROBLEMS IS DRIVING GROWTH OF BLOOD GLUCOSE SENSORS 98
TABLE 26 BLOOD GLUCOSE SENSORS MARKET, BY REGION,
2017–2020 (USD MILLION) 99
FIGURE 43 AMERICAS TO ACCOUNT FOR LARGEST SHARE OF BLOOD GLUCOSE SENSORS MARKET DURING FORECAST PERIOD 99
TABLE 27 BLOOD GLUCOSE SENSORS MARKET, BY REGION,
2021–2026 (USD MILLION) 100
7.5 BLOOD OXYGEN SENSORS 100
7.5.1 INCREASING DEMAND FOR PULSE OXIMETERS, RESPIRATORY
DEVICES, AND ANESTHESIA MONITORS IS EXPECTED TO DRIVE BLOOD OXYGEN SENSORS MARKET 100
TABLE 28 BLOOD OXYGEN SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION) 101
TABLE 29 BLOOD OXYGEN SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 101
7.6 ELECTROCARDIOGRAM (ECG) SENSORS 102
7.6.1 DEVELOPMENT OF ADVANCED PRODUCTS FOR MONITORING CARDIAC ACTIVITY IS DRIVING ECG SENSORS MARKET 102
TABLE 30 ECG SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION) 102
TABLE 31 ECG SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 102
7.7 IMAGE SENSORS 103
7.7.1 INCREASING DEMAND FOR IMAGING DEVICES IS DRIVING GROWTH OF IMAGE SENSORS MARKET 103
TABLE 32 IMAGE SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION) 103
FIGURE 44 IMAGE SENSORS MARKET IN ROW TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 104
TABLE 33 IMAGE SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 104
7.8 MOTION SENSORS 105
7.8.1 INCREASED ADOPTION OF MEMS SENSORS FOR SURGICAL NAVIGATION SYSTEMS IS DRIVING GROWTH OF MOTION SENSORS 105
TABLE 34 MOTION SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION) 105
TABLE 35 MOTION SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 105
7.9 HEART RATE SENSORS 106
7.9.1 RISING ADOPTION OF HEART RATE SENSORS IN PERSONAL ACTIVITY MONITORS WOULD DRIVE HEART RATE SENSORS MARKET 106
TABLE 36 HEART RATE SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION) 106
TABLE 37 HEART RATE SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 106
7.10 FLOW SENSORS 107
7.10.1 SURGING DEMAND FOR VENTILATORS AND RESPIRATORY DEVICES DUE TO COVID–19 HAS BOOSTED GROWTH OF FLOW SENSORS MARKET 107
TABLE 38 FLOW SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION) 107
TABLE 39 FLOW SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 107
TABLE 40 FLOW SENSORS MARKET, BY SENSOR TYPE, 2017–2020 (USD MILLION) 108
FIGURE 45 VENTILATOR SENSORS TO ACCOUNT FOR LARGEST SHARE OF FLOW SENSORS MARKET DURING FORECAST PERIOD 108
TABLE 41 FLOW SENSORS MARKET, BY SENSOR TYPE, 2021–2026 (USD MILLION) 108
TABLE 42 VENTILATOR SENSORS MARKET, BY SENSOR TYPE,
2017–2020 (USD MILLION) 109
TABLE 43 VENTILATOR SENSORS MARKET, BY SENSOR TYPE,
2021–2026 (USD MILLION) 109
7.11 INGESTIBLE SENSORS 109
7.11.1 EMERGENCE OF ADVANCED DIAGNOSTIC IMAGING TECHNOLOGIES IS DRIVING GROWTH OF INGESTIBLE SENSORS 109
TABLE 44 INGESTIBLE SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION) 110
TABLE 45 INGESTIBLE SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 110
7.12 TOUCH SENSORS 110
7.12.1 RISING DEMAND FOR DEVICES EQUIPPED WITH TOUCHSCREEN TECHNOLOGY IS DRIVING TOUCH SENSORS MARKET 110
TABLE 46 TOUCH SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION) 111
TABLE 47 TOUCH SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 111
7.13 PIEZO FILM SENSORS 111
7.13.1 RISING NUMBER OF SLEEP APNEA CASES IS EXPECTED TO DRIVE
PIEZO FILM SENSORS MARKET 111
TABLE 48 PIEZO FILM SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION) 112
TABLE 49 PIEZO FILM SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 112
7.14 POSITION SENSORS 112
7.14.1 RISING DEMAND FOR IMAGING DEVICES IS EXPECTED TO BOOST POSITION SENSORS MARKET 112
TABLE 50 POSITION SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION) 113
FIGURE 46 AMERICAS TO ACCOUNT FOR LARGEST SHARE OF POSITION SENSORS MARKET DURING FORECAST PERIOD 113
TABLE 51 POSITION SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 114
8 MEDICAL SENSORS MARKET, BY MEDICAL PROCEDURE 115
8.1 INTRODUCTION 116
TABLE 52 MEDICAL SENSORS MARKET, BY MEDICAL PROCEDURE,
2017–2020 (USD MILLION) 116
FIGURE 47 MEDICAL SENSORS MARKET FOR NONINVASIVE PROCEDURE TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD 116
TABLE 53 MEDICAL SENSORS MARKET, BY MEDICAL PROCEDURE,
2021–2026 (USD MILLION) 116
8.2 NONINVASIVE MEDICAL PROCEDURES 117
8.2.1 INCREASING AWARENESS ABOUT AND ADOPTION OF ADVANCED PATIENT MONITORING DEVICES ARE EXPECTED TO DRIVE THE GROWTH OF MEDICAL SENSORS MARKET FOR NONINVASIVE PROCEDURES 117
TABLE 54 MEDICAL SENSORS MARKET FOR NONINVASIVE MEDICAL PROCEDURES,
BY REGION, 2017–2020 (USD MILLION) 117
FIGURE 48 AMERICAS TO ACCOUNT FOR LARGEST SHARE OF MEDICAL
SENSORS MARKET FOR NONINVASIVE MEDICAL PROCEDURES DURING FORECAST PERIOD 118
TABLE 55 MEDICAL SENSORS MARKET FOR NONINVASIVE MEDICAL PROCEDURES,
BY REGION, 2021–2026 (USD MILLION) 118
8.3 MINIMALLY INVASIVE MEDICAL PROCEDURES 119
8.3.1 INCREASING EXPENDITURE ON HEALTHCARE IS EXPECTED TO DRIVE MEDICAL SENSORS MARKET FOR MINIMALLY INVASIVE PROCEDURES 119
TABLE 56 MEDICAL SENSORS MARKET FOR MINIMALLY INVASIVE MEDICAL PROCEDURES, BY REGION, 2017–2020 (USD MILLION) 119
FIGURE 49 AMERICAS TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET FOR MINIMALLY INVASIVE MEDICAL PROCEDURES DURING FORECAST PERIOD 119
TABLE 57 MEDICAL SENSORS MARKET FOR MINIMALLY INVASIVE MEDICAL PROCEDURES, BY REGION, 2021–2026 (USD MILLION) 120
8.4 INVASIVE MEDICAL PROCEDURES 120
8.4.1 INCREASED ADOPTION OF IMPLANTABLE DEVICES AND ADVENT OF
IOMT ARE EXPECTED TO BOOST MEDICAL SENSORS MARKET FOR
INVASIVE PROCEDURES 120
TABLE 58 MEDICAL SENSORS MARKET FOR INVASIVE MEDICAL PROCEDURES,
BY REGION, 2017–2020 (USD MILLION) 120
FIGURE 50 MEDICAL SENSORS MARKET FOR INVASIVE MEDICAL PROCEDURES TO REGISTER HIGHEST GROWTH IN APAC DURING FORECAST PERIOD 121
TABLE 59 MEDICAL SENSORS MARKET FOR INVASIVE MEDICAL PROCEDURES,
BY REGION, 2021–2026 (USD MILLION) 121
9 MEDICAL SENSORS MARKET, BY END-USE PRODUCT 122
9.1 INTRODUCTION 123
TABLE 60 MEDICAL SENSORS MARKET, BY END-USE PRODUCT,
2017–2020 (USD MILLION) 123
FIGURE 51 PATIENT MONITORING DEVICES TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD 123
TABLE 61 MEDICAL SENSORS MARKET, BY END-USE PRODUCT,
2021–2026 (USD MILLION) 124
9.2 DIAGNOSTIC IMAGING DEVICES 124
9.2.1 RISING DEMAND FOR IMPROVED DIAGNOSIS IS EXPECTED TO DRIVE MEDICAL SENSORS MARKET FOR DIAGNOSTIC IMAGING DEVICES 124
TABLE 62 MEDICAL SENSORS MARKET FOR DIAGNOSTIC IMAGING DEVICES,
BY REGION, 2017–2020 (USD MILLION) 125
TABLE 63 MEDICAL SENSORS MARKET FOR DIAGNOSTIC IMAGING DEVICES,
BY REGION, 2021–2026 (USD MILLION) 125
9.3 PATIENT MONITORING DEVICES 126
9.3.1 INCREASING DEMAND FOR PORTABLE MEDICAL DEVICES TO BOOST MARKET GROWTH FOR PATIENT MONITORING DEVICES 126
TABLE 64 MEDICAL SENSORS MARKET FOR PATIENT MONITORING DEVICES,
BY REGION, 2017–2020 (USD MILLION) 126
FIGURE 52 AMERICAS TO HOLD LARGEST SHARE OF MEDICAL SENSORS MARKET FOR PATIENT MONITORING DEVICES DURING FORECAST PERIOD 127
TABLE 65 MEDICAL SENSORS MARKET FOR PATIENT MONITORING DEVICES,
BY REGION, 2021–2026 (USD MILLION) 127
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9.4 MEDICAL IMPLANTABLE DEVICES 128
9.4.1 INCREASING CASES OF CARDIAC AND NEUROLOGICAL DISORDERS ARE EXPECTED TO DRIVE MEDICAL SENSORS MARKET FOR MEDICAL IMPLANTABLE DEVICES 128
TABLE 66 MEDICAL SENSORS MARKET FOR IMPLANTABLE DEVICES, BY REGION, 2017–2020 (USD MILLION) 128
TABLE 67 MEDICAL SENSORS MARKET FOR IMPLANTABLE DEVICES, BY REGION, 2021–2026 (USD MILLION) 129
9.5 OTHERS 129
9.5.1 SURGE IN DEMAND FOR VENTILATORS IS EXPECTED TO DRIVE GROWTH OF OTHERS SEGMENT 129
TABLE 68 MEDICAL SENSORS MARKET FOR OTHER END-USE PRODUCTS, BY REGION, 2017–2020 (USD MILLION) 130
FIGURE 53 MEDICAL SENSORS MARKET FOR OTHERS SEGMENT TO REGISTER HIGHEST GROWTH IN APAC DURING FORECAST PERIOD 130
TABLE 69 MEDICAL SENSORS MARKET FOR OTHER END-USE PRODUCTS, BY REGION, 2021–2026 (USD MILLION) 131
10 MEDICAL SENSORS MARKET, BY MEDICAL DEVICE CLASSIFICATION 132
10.1 INTRODUCTION 133
TABLE 70 MEDICAL SENSORS MARKET, BY MEDICAL DEVICE CLASSIFICATION,
2017–2020 (USD MILLION) 133
FIGURE 54 MEDICAL SENSORS MARKET FOR CLASS II DEVICES TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD 133
TABLE 71 MEDICAL SENSORS MARKET, BY MEDICAL DEVICE CLASSIFICATION,
2021–2026 (USD MILLION) 134
TABLE 72 DISTRIBUTION OF SENSORS IN CLASS I, CLASS II, AND CLASS III MEDICAL DEVICES ACCORDING TO FDA GUIDELINES FOR CLASSIFICATION OF MEDICAL DEVICES 134
10.2 CLASS I 135
10.3 CLASS II 135
10.4 CLASS III 135
11 MEDICAL SENSORS MARKET, BY MEDICAL FACILITY 136
11.1 INTRODUCTION 137
TABLE 73 MEDICAL SENSORS MARKET, BY MEDICAL FACILITY,
2017–2020 (USD MILLION) 137
FIGURE 55 HOSPITALS & CLINICS SEGMENT TO HOLD LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD 137
TABLE 74 MEDICAL SENSORS MARKET, BY MEDICAL FACILITY,
2021–2026 (USD MILLION) 138
11.2 HOSPITALS & CLINICS 138
11.2.1 NEED TO INTEGRATE DEVICES WITH INFORMATION SYSTEMS AND HANDLE LARGE AMOUNTS OF PATIENT DATA HAS INCREASED ADOPTION OF MEDICAL SENSORS IN HOSPITALS & CLINICS 138
TABLE 75 MEDICAL SENSORS MARKET FOR HOSPITALS & CLINICS, BY REGION,
2017–2020 (USD MILLION) 138
FIGURE 56 MEDICAL SENSORS MARKET FOR HOSPITALS & CLINICS TO REGISTER HIGHEST CAGR IN APAC DURING FORECAST PERIOD 139
TABLE 76 MEDICAL SENSORS MARKET FOR HOSPITALS & CLINICS, BY REGION,
2021–2026 (USD MILLION) 139
11.3 NURSING HOMES, ASSISTED LIVING FACILITIES, LONG-TERM CARE CENTERS, AND HOME CARE SETTINGS 140
11.3.1 RISING NUMBER OF PEOPLE SUFFERING FROM CHRONIC
DISEASES IS EXPECTED TO ENHANCE ADOPTION OF MEDICAL SENSORS IN THESE FACILITIES 140
TABLE 77 MEDICAL SENSORS MARKET FOR NURSING HOMES, ASSISTED LIVING FACILITIES, LONG-TERM CARE CENTERS, AND HOME CARE SETTINGS,
BY REGION, 2017–2020 (USD MILLION) 140
FIGURE 57 AMERICAS TO HOLD LARGEST SHARE OF MEDICAL SENSORS MARKET FOR NURSING HOMES, ASSISTED LIVING FACILITIES, LONG-TERM CARE FACILITIES, AND HOME CARE SETTINGS DURING FORECAST PERIOD 141
TABLE 78 MEDICAL SENSORS MARKET FOR NURSING HOMES, ASSISTED LIVING FACILITIES, LONG-TERM CARE CENTERS, AND HOME CARE SETTINGS,
BY REGION, 2021–2026 (USD MILLION) 141
11.4 OTHERS 142
11.4.1 RISING NUMBER OF PRIVATE IMAGING CENTERS IS EXPECTED TO DRIVE GROWTH OF OTHERS SEGMENT 142
TABLE 79 MEDICAL SENSORS MARKET FOR OTHER MEDICAL FACILITIES, BY REGION, 2017–2020 (USD MILLION) 142
FIGURE 58 MEDICAL SENSORS MARKET FOR OTHER MEDICAL FACILITIES TO REGISTER HIGHEST CAGR IN APAC DURING FORECAST PERIOD 143
TABLE 80 MEDICAL SENSORS MARKET FOR OTHER MEDICAL FACILITIES, BY REGION, 2021–2026 (USD MILLION) 143
12 GEOGRAPHIC ANALYSIS 144
12.1 INTRODUCTION 145
FIGURE 59 MEDICAL SENSORS MARKET IN ARGENTINA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 145
TABLE 81 MEDICAL SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION) 146
TABLE 82 MEDICAL SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION) 146
12.2 AMERICAS 146
TABLE 83 MEDICAL SENSORS MARKET IN AMERICAS, BY REGION,
2017–2020 (USD MILLION) 147
TABLE 84 MEDICAL SENSORS MARKET IN AMERICAS, BY REGION,
2021–2026 (USD MILLION) 147
TABLE 85 MEDICAL SENSORS MARKET IN AMERICAS, BY SENSOR TYPE,
2017–2020 (USD MILLION) 147
TABLE 86 MEDICAL SENSORS MARKET IN AMERICAS, BY SENSOR TYPE,
2021–2026 (USD MILLION) 148
TABLE 87 MEDICAL SENSORS MARKET IN AMERICAS, BY END-USE PRODUCT,
2017–2020 (USD MILLION) 148
TABLE 88 MEDICAL SENSORS MARKET IN AMERICAS, BY END-USE PRODUCT,
2021–2026 (USD MILLION) 149
TABLE 89 MEDICAL SENSORS MARKET IN AMERICAS, BY MEDICAL FACILITY,
2017–2020 (USD MILLION) 149
TABLE 90 MEDICAL SENSORS MARKET IN AMERICAS, BY MEDICAL FACILITY,
2021–2026 (USD MILLION) 150
12.2.1 IMPACT OF COVID–19 ON MEDICAL SENSORS MARKET IN AMERICAS 150
12.2.2 NORTH AMERICA 150
FIGURE 60 SNAPSHOT OF MEDICAL SENSORS MARKET IN NORTH AMERICA 151
TABLE 91 MEDICAL SENSORS MARKET IN NORTH AMERICA, BY COUNTRY,
2017–2020 (USD MILLION) 151
TABLE 92 MEDICAL SENSORS MARKET IN NORTH AMERICA, BY COUNTRY,
2021–2026 (USD MILLION) 152
TABLE 93 MEDICAL SENSORS MARKET IN NORTH AMERICA, BY END-USE PRODUCT, 2017–2020 (USD MILLION) 152
TABLE 94 MEDICAL SENSORS MARKET IN NORTH AMERICA, BY END-USE PRODUCT, 2021–2026 (USD MILLION) 152
TABLE 95 MEDICAL SENSORS MARKET IN NORTH AMERICA, BY MEDICAL FACILITY, 2017–2020 (USD MILLION) 153
TABLE 96 MEDICAL SENSORS MARKET IN NORTH AMERICA, BY MEDICAL FACILITY, 2021–2026 (USD MILLION) 153
12.2.2.1 US 153
12.2.2.1.1 Growing elderly population and rising adoption of advanced medical devices to drive market growth in US 153
12.2.2.2 Canada 154
12.2.2.2.1 Imports account for significant share of medical sensors market in Canada 154
12.2.2.3 Mexico 154
12.2.2.3.1 Government initiatives related to healthcare are expected to drive market growth in Mexico 154
12.2.3 SOUTH AMERICA 154
FIGURE 61 SNAPSHOT OF MEDICAL SENSORS MARKET IN SOUTH AMERICA 155
TABLE 97 MEDICAL SENSORS MARKET IN SOUTH AMERICA, BY COUNTRY,
2017–2020 (USD MILLION) 155
TABLE 98 MEDICAL SENSORS MARKET IN SOUTH AMERICA, BY COUNTRY,
2021–2026 (USD MILLION) 156
TABLE 99 MEDICAL SENSORS MARKET IN SOUTH AMERICA, BY END-USE PRODUCT, 2017–2020 (USD MILLION) 156
TABLE 100 MEDICAL SENSORS MARKET IN SOUTH AMERICA, BY END-USE PRODUCT, 2021–2026 (USD MILLION) 157
TABLE 101 MEDICAL SENSORS MARKET IN SOUTH AMERICA, BY MEDICAL FACILITY, 2017–2020 (USD MILLION) 157
TABLE 102 MEDICAL SENSORS MARKET IN SOUTH AMERICA, BY MEDICAL FACILITY, 2021–2026 (USD MILLION) 157
12.2.3.1 Brazil 158
12.2.3.1.1 Healthcare initiatives are driving market growth in Brazil 158
12.2.3.2 Argentina 158
12.2.3.2.1 Increased in healthcare expenditure to drive market growth in Argentina 158
12.2.3.3 Rest of South America 158
?
12.3 EUROPE 158
FIGURE 62 SNAPSHOT OF MEDICAL SENSORS MARKET IN EUROPE 159
TABLE 103 MEDICAL SENSORS MARKET IN EUROPE, BY COUNTRY,
2017–2020 (USD MILLION) 160
TABLE 104 MEDICAL SENSORS MARKET IN EUROPE, BY COUNTRY,
2021–2026 (USD MILLION) 160
TABLE 105 MEDICAL SENSORS MARKET IN EUROPE, BY SENSOR TYPE,
2017–2020 (USD MILLION) 161
TABLE 106 MEDICAL SENSORS MARKET IN EUROPE, BY SENSOR TYPE,
2021–2026 (USD MILLION) 161
TABLE 107 MEDICAL SENSORS MARKET IN EUROPE, BY END-USE PRODUCT,
2017–2020 (USD MILLION) 162
TABLE 108 MEDICAL SENSORS MARKET IN EUROPE, BY END-USE PRODUCT,
2021–2026 (USD MILLION) 162
TABLE 109 MEDICAL SENSORS MARKET IN EUROPE, BY MEDICAL FACILITY,
2017–2020 (USD MILLION) 162
TABLE 110 MEDICAL SENSORS MARKET IN EUROPE, BY MEDICAL FACILITY,
2021–2026 (USD MILLION) 163
12.3.1 IMPACT OF COVID–19 ON MEDICAL SENSORS MARKET IN EUROPE 163
12.3.2 GERMANY 163
12.3.2.1 Digitization, improved connectivity, and healthcare funding are driving market growth in Germany 163
12.3.3 UK 164
12.3.3.1 Increasing per capita expenditure on healthcare is expected to boost market growth in UK 164
12.3.4 FRANCE 164
12.3.4.1 Growing expenditure on healthcare is expected to drive market growth in France 164
12.3.5 ITALY 164
12.3.5.1 Presence of several local manufacturers is expected to boost market growth in Italy 164
12.3.6 SPAIN 164
12.3.6.1 Presence of small and medium-sized companies is expected to propel market growth in Spain 164
12.3.7 REST OF EUROPE 165
12.4 ASIA PACIFIC 165
FIGURE 63 SNAPSHOT OF MEDICAL SENSORS MARKET IN APAC 166
TABLE 111 MEDICAL SENSORS MARKET IN APAC, BY COUNTRY,
2017–2020 (USD MILLION) 166
TABLE 112 MEDICAL SENSORS MARKET IN APAC, BY COUNTRY,
2021–2026 (USD MILLION) 167
TABLE 113 MEDICAL SENSORS MARKET IN APAC, BY SENSOR TYPE,
2017–2020 (USD MILLION) 167
TABLE 114 MEDICAL SENSORS MARKET IN APAC, BY SENSOR TYPE,
2021–2026 (USD MILLION) 168
TABLE 115 MEDICAL SENSORS MARKET IN APAC, BY END-USE PRODUCT,
2017–2020 (USD MILLION) 168
TABLE 116 MEDICAL SENSORS MARKET IN APAC, BY END-USE PRODUCT,
2021–2026 (USD MILLION) 169
TABLE 117 MEDICAL SENSORS MARKET IN APAC, BY MEDICAL FACILITY,
2017–2020 (USD MILLION) 169
TABLE 118 MEDICAL SENSORS MARKET IN APAC, BY MEDICAL FACILITY,
2021–2026 (USD MILLION) 169
12.4.1 IMPACT OF COVID–19 ON MEDICAL SENSORS MARKET IN APAC 170
12.4.2 CHINA 170
12.4.2.1 Surging adoption of advanced technologies in healthcare is expected to drive market growth in China 170
12.4.3 JAPAN 170
12.4.3.1 Rapidly growing elderly population is expected to boost
market growth in Japan 170
12.4.4 SOUTH KOREA 171
12.4.4.1 Imports are estimated to account for largest market share
in South Korea 171
12.4.5 INDIA 171
12.4.5.1 Growth in medical tourism is expected to drive market in India 171
12.4.6 REST OF APAC 171
12.5 REST OF THE WORLD (ROW) 172
TABLE 119 MEDICAL SENSORS MARKET IN ROW, BY REGION,
2017–2020 (USD MILLION) 172
TABLE 120 MEDICAL SENSORS MARKET IN ROW, BY REGION,
2021–2026 (USD MILLION) 172
TABLE 121 MEDICAL SENSORS MARKET IN ROW, BY SENSOR TYPE,
2017–2020 (USD MILLION) 173
TABLE 122 MEDICAL SENSORS MARKET IN ROW, BY SENSOR TYPE,
2021–2026 (USD MILLION) 173
TABLE 123 MEDICAL SENSORS MARKET IN ROW, BY END-USE PRODUCT,
2017–2020 (USD MILLION) 174
TABLE 124 MEDICAL SENSORS MARKET IN ROW, BY END-USE PRODUC