Medical Sensors Market worth 15.01 Bn USD by 2022

Tuesday 12 April 2016, Amsterdam

According to the new market research report, now available on ASDReports, the "Medical Sensors Market by Sensor Type (Temperature, ECG, Image, Motion, & Pressure), Placement (Strip, Wearable, Implantable, & Ingestible), Application (Diagnostics, Monitoring, Therapeutics, & Imaging), & Geography - Global Forecast to 2022", the medical sensor market, in terms of value, is estimated to grow at a CAGR of 8.5% between 2016 and 2022. The market for medical sensor is expected to reach USD 15.01 Billion by 2022. The medical sensors market is projected to grow rapidly due to the increasing incidences of cancer, acute myocardial infarction, and diabetes mellitus as well as the increasing number of postoperative rehabilitation patients across the globe.

Electrocardiogram (ECG) sensors expected to hold the largest share of the medical sensors market by 2022

Players in the medical sensors market focus on manufacturing portable ECG devices which can be used at home, by cardiac patients. ECG sensors are used in cardiac treatment, and various products are designed in this regard to provide the ease of usage to patients.

ECG sensors accounted for the largest market share in 2015. This market is expected to grow at a high CAGR between 2016 and 2022. Players in the medical electronics market are concentrating on manufacturing portable ECG devices which can be used at home, by cardiac patients.

APAC expected to witness highest growth during the forecast period

The market in APAC is expected to grow at the highest CAGR between 2016 and 2022. The increasing population with respiratory diseases such as sleep apnea and the aging population are major drivers for the medical sensors market in APAC. The market in APAC is set to grow because of technological advancements and increased awareness among people. APAC is expected to be the fastest-growing region in terms of technological advancement, healthcare, marketing, and so on. Asia-Pacific is the largest market for motion sensors among all other regions.

The report articulates the drivers, restraints, challenges, and opportunities with respect to the medical sensors market and forecasts the market till 2022. The report also gives a qualitative and quantitative description about different verticals considered for the medical sensors market. This global report gives a detailed view of the market across the four geographical regions, namely, North America, Europe, Asia-Pacific (APAC), and RoW.

The report also profiles the most promising players in the medical sensors market. The key players in the medical sensors market are Medtronic Plc. (Ireland), Measurement Specialties Inc. (U.S.), NXP Semiconductors N.V. (Netherlands), STMicroelectronics N.V. (Switzerland), Honeywell International, Inc. (U.S), Smiths Medical (U.K), and First Sensor AG (Germany).