Medical Sensors Market Size, Share & Trends

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Medical Sensors Market Size, Share, Industry Growth & Trends by Sensor Type (Pressure, Temperature, ECG, Image, Touch, Blood Oxygen, Blood Glucose Sensor), End-Use Product, Medical Procedure (Invasive, Noninvasive), Device Classification, Medical Facility & Region - Global Forecast to 2029

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Report Code: SE 1587 Apr, 2024, by marketsandmarkets.com

Medical Sensors Market Size, Share & Growth

[247 Pages Report] The medical sensors market size is valued at USD 2.4 billion in 2024 and is projected to reach USD 3.6 billion by 2029; it is expected to grow at a CAGR of 8.1% from 2024 to 2029. Factors such as increased adoption of surgical robots, and advancements in sensors and digital technologies create lucrative opportunities whereas complexity in designing compatible medical sensors is a major restraint for the growth of the medical sensors market.

Medical Sensors Market

Medical Sensors Market Forecast to 2029

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Medical Sensors Market Trends:

Driver: Rising demand for wearable medical devices

In recent years, there has been a significant increase in the adoption of wearable sensors due to their simplified design, the comfort offered, and the ability to provide access to patient care from any location.

The advancements in wireless technologies have provided opportunities for people to track and monitor their health and reduce the expenditure incurred in medical facilities for treatment. The increased use of wearable sensors can be attributed to the consumers who prefer to improve their health by having easy access to healthcare professionals through remote monitoring facilities. For instance, many people are using the automated device for asthma monitoring and management (ADAMM), a wearable smart asthma monitor that detects the symptoms of an asthma attack before its onset, allowing the user to take preventive measures.

Wearable sensors are also being extensively used to monitor chronic diseases such as diabetes and cardiovascular diseases. For instance, continuous glucose monitors are wearable sensors that detect and measure blood glucose levels for the entire day. The increased use of wearable sensors for various patient monitoring applications is driving the growth of the medical sensors market globally.

Restraint: Low penetration of medical devices in developing countries

Procurement and maintenance of advanced medical devices incur high costs. The expenditure on healthcare depends on factors such as the elderly population, per capita disposable income, and lifestyle. The developing countries are not as economically strong as the developed countries. Low per capita income and poor quality of life make it difficult for developing economies to spend more on healthcare.

South Asia is home to many developing countries, and according to WHO, the expenditure on healthcare as a percentage of GDP in South Asia is expected to reach 4.8% in 2024, which is very less compared with North America, which comprises developed countries such as the US and Canada. Expenditure on healthcare as a percentage of GDP in North America is expected to reach 19.5% in 2024. The increased expenditure on healthcare in North America can also be attributed to the higher population of people above 60 years of age.

Advanced medical technologies such as IoT-based medical devices and sensors need stable internet connectivity. The penetration and adoption of the Internet in developing countries are lower than that of developed countries. Hence, advanced devices are not accessible to the majority of the population in developing countries. Inferior economic conditions and technology penetration are reducing the accessibility of medical devices in developing countries, thereby impeding the market's growth.

Opportunity: Increased adoption of surgical robots

In the last decade, general surgeries and their subspecialties have witnessed an increase in minimally invasive procedures being performed with the assistance of robots. The adoption of robots for surgeries provides advantages such as increased surgeon control and autonomy, improved 3D visualization, and superior instrument dexterity. According to a report by MnM, the global surgical robots market is projected to reach USD 18.5 billion. Surgical robots are generally used in minimally invasive and low-risk procedures such as colorectal surgery, gastric surgical oncology, hernia repairs, and spine surgeries. Different kinds of sensors, such as image sensors and force sensors, are used in the manufacturing of surgical robots. The increasing adoption of surgical robots for minimally invasive procedures is providing a significant growth opportunity for the market.

Challenges: Data leakages associated with connected medical devices

Industry 4.0 has brought digitalization in the field of manufacturing by providing opportunities for the integration of technologies such as AI, IoT, and robotics, among others. However, data security and privacy have become the major areas of concern due to the adoption of wireless medical devices, especially after the cyberattack on National Healthcare Service in 2017, which paralyzed the healthcare computer systems in the UK.

With the rapidly increasing use of IoT-based connected medical devices in the global healthcare sector, the risk of being exposed to the threats of cyberattacks has also increased. Connected medical devices are prone to hacking. IoT-based medical devices are hardware systems that operate over the Internet. The data collected by these devices is stored on the cloud. Since there is an increased chance of data hacking, significant attention is required toward patient data security, which incurs a significant amount of additional spending. Therefore, the manufacturers of these medical devices must adhere to stringent standards to ensure patient data privacy and safety.

Medical Sensors Market Map:

Medical Sensors Market by Map

Class II medical devices segment accounts for the largest market share of the medical sensors market during the forecast period.

Most medical devices in the scope of the medical sensors market fall under the Class II category. Hence, the market for medical sensors used in Class II devices is not only expected to hold the largest share in the medical sensors market but also expected to register the highest growth during the forecast period. Investments by governments and other organizations in healthcare, adoption of advanced technologies, including IoT, and the exponential increase in the demand for ventilators due to the global pandemic and post-pandemic scenario have provided sensor manufacturers with new growth opportunities in various noninvasive and minimally-invasive medical devices.

Patient monitoring devices in Americas accounts for the largest market share of the medical sensors market during forecast period.

The Americas, which includes North America and South America, hold the largest market share of the medical sensors market for patient monitoring devices during the forecast period. North America has a well-established healthcare system that performs a large number of medical procedures, resulting in a higher demand for patient monitoring devices. Major medical device manufacturers are present in the region, which stimulates innovation and the development of advanced patient monitoring technologies. Several countries in North America have reimbursement policies that encourage the adoption of new and advanced medical technologies, including patient monitoring devices. The high prevalence of chronic diseases in the region creates a need for continuous patient monitoring solutions. The trend towards remote patient monitoring has led to a market for wearable and implantable devices for continuous health data collection.

The Asia Pacific region is expected to grow at the highest growth rate during the forecast period.

The market in Asia Pacific is projected to register the highest growth during the forecast period. This region consists of Asian countries and Pacific countries such as Australia and New Zealand. Market players are expanding their presence in emerging economies such as India, China, and other Southeast Asian countries. The increase in awareness about advanced medical systems is expected to drive market growth in this region.

Chia accounted for the largest share of the global medical sensors market in 2023, and a similar trend is expected to continue during the forecast period. Some of the important factors driving the market growth in China include the growing elderly population and support from the government for healthcare services. An increase in discretionary income is also propelling the growth of the market.

The medical sensors market in Asia Pacific is driven by the increasing demand for diagnostic imaging and patient monitoring devices. India is projected to register the highest growth during the forecast period. In developing countries such as India, there has been an increase in demand for advanced and connected devices, especially for patient monitoring purposes, for reducing the expenses incurred in hospitals. Due to expensive treatment in hospitals, there has been an increase in the adoption of remote monitoring systems, leading to a rise in demand for medical sensors.

Medical Sensors Market by Region

Medical Sensors Market by Region

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Key Medical Sensors Market Players

Analog Devices, Inc. (US), TE Connectivity (Switzerland), Medtronic (Ireland), STMicroelectronics (Switzerland), Texas Instruments Incorporated (US) , among others, are some key players operating in the medical sensors companies.

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Scope of the Report

- Medical Sensors Market

Report Metric	Details
Market size available for years	2020–2029
Base year considered	2023
Forecast period	2024–2029
Forecast units	USD Million/Billion
Segments Covered	Sensor Type, End-use Product, Medical Procedure, Medical Facility, Medical Device Classification, and Region
Regions covered	Americas, Asia Pacific, Europe, and Middle East & Africa
Companies covered	Some of the leading companies operating in the medical sensors market are TE Connectivity (Switzerland), Medtronic (Ireland), Analog Devices, Inc. (US), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), Tekscan, Inc. (US), NXP Semiconductors (Netherlands), Sensirion AG (Switzerland), ON Semiconductor Corporation (US), and Amphenol Corporation (US) are the key players in the medical sensors market. Koninklijke Philips N.V. (Netherlands), ams-OSRAM AG (Austria), Abbott (US), Honeywell International Inc. (US), Cirtec (US), Innovative Sensor Technology IST AG (Switzerland), KELLER Druckmesstechnik AG (Switzerland), OMNIVISION (US), Merit Medical Systems, Inc. (US), Infineon Technologies AG (Germany), Masimo (US), VivaLNK, Inc. (US), Siemens Healthineers AG (Germany), Microchip Technology Inc. (US), and Renesas Electronics Corporation (Japan).

Medical Sensors Market Highlights

This research report categorizes the medical sensors market based on Sensor Type, End-use Product, Medical Procedure, Medical Facility, Medical Device Classification, and Region

Segment	Subsegment
By Sensor Type	Temperature sensors Pressure sensors Blood glucose sensors Blood oxygen sensors Electrocardiogram (ECG) sensors Image sensors Motion sensors Heart rate sensors Flow Sensor Ingestible sensors Touch sensors Piezo film sensors Position sensors
By Medical Procedure	Invasive medical procedure Minimally Invasive medical procedure Non-Invasive medical procedure
By End-Use Product	Diagnostic Imaging Devices Patient Monitoring Devices Medical Implantable Devices Others (Ventilators and surgical robots)
By Medical Device Classification	Class I Class II Class III
By Medical Facility	Hospitals and Clinics Nursing Homes, Assisted Living Facilities, Long-Term Care Centers and Home Care Settings Others (CROs, imaging and diagnostic centers, and research institutes)
By Region	Americas Europe Asia Pacific Middle East & Africa

Recent Developments

In August 2023, NXP Semiconductors (Netherlands), Taiwan Semiconductor Manufacturing Company Limited (Taiwan), Robert Bosch GmbH (Germany), and Infineon Technologies AG (Germany) are investing in European Semiconductor Manufacturing Company (ESMC) GmbH to provide advanced semiconductor manufacturing services. ESMC aims to build a 300mm fab to support fast-growing automotive and industrial sectors with a production capacity of 40,000 300mm (12-inch) wafers. The fab will use advanced FinFET transistor technology and is expected to start production by the end of 2027.
In July 2023, Tekscan, Inc. (US) announced partnerships with DigiKey (US), and Mouser Electronics (US) to increase product availability for FlexiForce sensors in the electronics marketplaces.
In March 2023, Sensirion AG (Switzerland) has joined the ST Partner Program by STMicroelectronics. This brings Sensirion's latest humidity and temperature technology to ST’s customers, enriching ST’s portfolio and enabling more customers to benefit from high-quality components for innovative and reliable applications.

Frequently Asked Questions (FAQs)

What are the key strategies adopted by key companies in the medical sensors market?

Product launches, acquisitions, and collaborations have been and continue to be some of the major strategies the key players adopted to grow in the medical sensors market.

What region dominates the medical sensors market?

The Americas region will dominate the medical sensors market.

What end-use product segment dominates the medical sensors market?

Patient monitoring devices segment is expected to dominate the medical sensors market.

Which sensor type segment dominates the medical sensors market?

The temperature sensor segment is expected to have the largest market size during the forecast period.

Who are the major medical sensors market companies?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 30)

1.1 STUDY OBJECTIVES

1.2 MARKET DEFINITION

1.3 STUDY SCOPE

1.3.1 INCLUSIONS AND EXCLUSIONS

1.3.2 MARKETS COVERED

FIGURE 1 MEDICAL SENSORS MARKET SEGMENTATION

1.3.3 REGIONAL SCOPE

1.3.4 YEARS CONSIDERED

1.4 CURRENCY CONSIDERED

1.5 UNITS CONSIDERED

1.6 STAKEHOLDERS

1.7 SUMMARY OF CHANGES

1.8 RECESSION IMPACT

2 RESEARCH METHODOLOGY (Page No. - 35)

2.1 RESEARCH DATA

FIGURE 2 MEDICAL SENSORS MARKET: RESEARCH DESIGN

2.1.1 SECONDARY DATA

2.1.1.1 Major secondary sources

2.1.1.2 Key data from secondary sources

2.1.2 PRIMARY DATA

2.1.2.1 Key participants in primary interviews

2.1.2.2 Key data from primary sources

2.1.2.3 Key industry insights

2.1.2.4 Breakdown of primaries

2.1.3 SECONDARY AND PRIMARY RESEARCH

2.2 MARKET SIZE ESTIMATION

FIGURE 3 RESEARCH FLOW FOR MARKET SIZE ESTIMATION

2.2.1 BOTTOM-UP APPROACH

2.2.1.1 Approach for estimating market size by bottom-up analysis (demand side)

FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH

2.2.2 TOP-DOWN APPROACH

2.2.2.1 Approach for estimating market size by top-down analysis (supply side)

FIGURE 5 APPROACH FOR MARKET SIZE ESTIMATION FROM SUPPLY SIDE

FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH

2.3 MARKET BREAKDOWN AND DATA TRIANGULATION

FIGURE 7 DATA TRIANGULATION: MEDICAL SENSORS MARKET

2.4 RESEARCH ASSUMPTIONS

2.5 PARAMETERS FOR ANALYZING RECESSION IMPACT ON MEDICAL SENSORS MARKET

2.6 RISK ASSESSMENT

2.7 RESEARCH LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 47)

FIGURE 8 TEMPERATURE SENSORS TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD

FIGURE 9 PATIENT MONITORING DEVICES TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD

FIGURE 10 NONINVASIVE MEDICAL PROCEDURE TO HOLD LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD

FIGURE 11 CLASS II DEVICES SEGMENT TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD

FIGURE 12 HOSPITALS & CLINICS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD

FIGURE 13 ASIA PACIFIC MEDICAL SENSORS MARKET TO EXHIBIT HIGHEST GROWTH DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 52)

4.1 MAJOR OPPORTUNITIES FOR PLAYERS IN MEDICAL SENSORS MARKET

FIGURE 14 INCREASING ADOPTION OF IOT-BASED MEDICAL DEVICES TO DRIVE GROWTH OF MEDICAL SENSORS MARKET

4.2 MEDICAL SENSORS MARKET, BY MEDICAL PROCEDURE

FIGURE 15 NONINVASIVE MEDICAL PROCEDURE TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD

4.3 MEDICAL SENSORS MARKET, BY MEDICAL DEVICE CLASSIFICATION

FIGURE 16 CLASS II MEDICAL DEVICES TO DOMINATE MEDICAL SENSORS MARKET DURING FORECAST PERIOD

4.4 MEDICAL SENSORS MARKET, BY MEDICAL FACILITY

FIGURE 17 HOSPITALS & CLINICS TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD

4.5 MEDICAL SENSORS MARKET, BY SENSOR TYPE

FIGURE 18 TEMPERATURE SENSORS TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD

4.6 MEDICAL SENSORS MARKET IN ASIA PACIFIC, BY END-USE PRODUCT AND COUNTRY

FIGURE 19 CHINA TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET IN ASIA PACIFIC

4.7 MEDICAL SENSORS MARKET, BY END-USE PRODUCT

FIGURE 20 PATIENT MONITORING DEVICES SEGMENT TO DOMINATE MEDICAL SENSORS MARKET

4.8 MEDICAL SENSORS MARKET, BY COUNTRY

FIGURE 21 INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 57)

5.1 INTRODUCTION

5.2 MARKET DYNAMICS

FIGURE 22 MEDICAL SENSORS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES

5.2.1 DRIVERS

5.2.1.1 Increasing adoption of sensors in portable and connected medical devices

5.2.1.2 Growing elderly population and increasing life expectancy

5.2.1.3 Rising demand for wearable medical devices

5.2.1.4 Surging adoption of IoT-based medical devices

5.2.1.5 Burgeoning expenditure on healthcare

FIGURE 23 HEALTHCARE EXPENDITURE AS A PERCENTAGE OF GDP FOR 1995, 2005, 2014, AND 2024

FIGURE 24 IMPACT OF DRIVERS ON MEDICAL SENSORS MARKET

5.2.2 RESTRAINTS

5.2.2.1 Low penetration of medical devices in developing countries

5.2.2.2 Complexity in designing compatible medical sensors

FIGURE 25 IMPACT OF RESTRAINTS ON MEDICAL SENSORS MARKET

5.2.3 OPPORTUNITIES

5.2.3.1 Advancements in sensors and digital technologies

5.2.3.2 Growth outlook of healthcare industry

5.2.3.3 Increased adoption of surgical robots

FIGURE 26 IMPACT OF OPPORTUNITIES ON MEDICAL SENSORS MARKET

5.2.4 CHALLENGES

5.2.4.1 Stringent regulatory environment and requirement of product approvals

5.2.4.2 Data leakages associated with connected medical devices

FIGURE 27 IMPACT OF CHALLENGES ON MEDICAL SENSORS MARKET

5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS

FIGURE 28 TRENDS INFLUENCING MEDICAL SENSOR BUSINESS OWNERS

5.4 PRICING ANALYSIS

FIGURE 29 AVERAGE SELLING PRICE (ASP) OF MEDICAL SENSORS, BY SENSOR TYPE, 2020–2029 (USD)

TABLE 1 AVERAGE SELLING PRICE (ASP) OF MEDICAL SENSORS, BY SENSOR TYPE, 2020–2029 (USD)

TABLE 2 AVERAGE SELLING PRICE OF MEDICAL SENSORS, BY SENSOR TYPE, 2024

5.5 VALUE CHAIN ANALYSIS

FIGURE 30 MEDICAL SENSORS MARKET: VALUE CHAIN ANALYSIS

5.6 ECOSYSTEM ANALYSIS

FIGURE 31 MEDICAL SENSORS MARKET: ECOSYSTEM ANALYSIS

TABLE 3 MEDICAL SENSORS MARKET: ROLE OF PLAYERS IN ECOSYSTEM

5.7 INVESTMENT AND FUNDING SCENARIO

FIGURE 32 FUNDS ACQUIRED BY COMPANIES IN MEDICAL SENSORS MARKET

5.8 TECHNOLOGY TRENDS

5.8.1 SURGICAL ROBOTS

5.8.2 IOT-BASED MEDICAL DEVICES

5.8.3 AI-BASED MEDICAL DEVICES

5.9 CASE STUDY ANALYSIS

5.9.1 ZOLL MEDICAL DEVELOPED PALM-SIZED CPR DEVICE USING MOTION SENSORS BY ANALOG DEVICES

5.9.2 PEAK SENSORS OFFERED ERROR-FREE TEMPERATURE SENSORS TO AN INTERNATIONAL MEDICAL COMPANY

5.9.3 PROMET OPTICS DEVELOPED FLEXIBLE OPTICAL SENSING SOLUTION FOR AN INTERNATIONAL CORPORATION

5.1 PATENT ANALYSIS

FIGURE 33 SAMSUNG ELECTRONICS REGISTERED MAXIMUM PATENT APPLICATIONS IN LAST 10 YEARS

TABLE 4 TOP 20 PATENT OWNERS IN LAST 10 YEARS (US)

FIGURE 34 NUMBER OF PATENTS GRANTED, 2013−2023

5.10.1 KEY PATENTS

TABLE 5 MAJOR PATENTS IN MEDICAL SENSORS MARKET

5.11 TRADE ANALYSIS

5.11.1 IMPORT SCENARIO

FIGURE 35 IMPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 901813, BY COUNTRY, 2018–2022 (USD MILLION)

5.11.2 EXPORT SCENARIO

FIGURE 36 EXPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 901813, BY COUNTRY, 2018−2022 (USD MILLION)

5.12 TARIFF AND REGULATORY LANDSCAPE

5.12.1 TARIFF ANALYSIS

TABLE 6 MFN TARIFFS FOR HS CODE 901813-COMPLIANT PRODUCTS EXPORTED BY US

TABLE 7 MFN TARIFFS FOR HS CODE 901813-COMPLIANT PRODUCTS EXPORTED BY JAPAN

TABLE 8 MFN TARIFFS FOR HS CODE 901813-COMPLIANT PRODUCTS EXPORTED BY GERMANY

TABLE 9 MFN TARIFFS FOR HS CODE 901813-COMPLIANT PRODUCTS EXPORTED BY CHINA

5.12.2 REGULATORY LANDSCAPE

5.12.2.1 Regulatory bodies, government agencies, and other organizations

TABLE 10 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 11 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 12 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 13 MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

5.13 KEY CONFERENCES AND EVENTS

TABLE 14 MEDICAL SENSORS MARKET: CONFERENCES AND EVENTS, 2024–2025

5.14 PORTER'S FIVE FORCES ANALYSIS

TABLE 15 IMPACT OF PORTER'S FIVE FORCES ON MEDICAL SENSORS MARKET

FIGURE 37 MEDICAL SENSORS MARKET: PORTER'S FIVE FORCES ANALYSIS

5.14.1 THREAT OF NEW ENTRANTS

5.14.2 THREAT OF SUBSTITUTES

5.14.3 BARGAINING POWER OF SUPPLIERS

5.14.4 BARGAINING POWER OF BUYERS

5.14.5 INTENSITY OF COMPETITIVE RIVALRY

5.15 KEY STAKEHOLDERS AND BUYING CRITERIA

5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS

FIGURE 38 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE PRODUCTS

TABLE 16 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE PRODUCTS

5.15.2 BUYING CRITERIA

FIGURE 39 KEY BUYING CRITERIA FOR TOP THREE END-USE PRODUCTS

TABLE 17 KEY BUYING CRITERIA FOR TOP THREE END-USE PRODUCTS

6 MEDICAL SENSORS MARKET, BY END-USE PRODUCT (Page No. - 85)

6.1 INTRODUCTION

FIGURE 40 MEDICAL SENSORS MARKET, BY END-USE PRODUCT

FIGURE 41 PATIENT MONITORING DEVICES TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD

TABLE 18 MEDICAL SENSORS MARKET, BY END-USE PRODUCTS, 2020–2023 (USD MILLION)

TABLE 19 MEDICAL SENSORS MARKET, BY END-USE PRODUCTS, 2024–2029 (USD MILLION)

6.2 DIAGNOSTIC IMAGING DEVICES

6.2.1 RISING DEMAND FOR IMPROVED DIAGNOSIS TO DRIVE MARKET

TABLE 20 MEDICAL SENSORS MARKET FOR DIAGNOSTIC IMAGING DEVICES, BY REGION, 2020–2023 (USD MILLION)

TABLE 21 MEDICAL SENSORS MARKET FOR DIAGNOSTIC IMAGING DEVICES, BY REGION, 2024–2029 (USD MILLION)

6.3 PATIENT MONITORING DEVICES

6.3.1 INCREASING DEMAND FOR PORTABLE MEDICAL DEVICES TO BOOST MARKET

TABLE 22 MEDICAL SENSORS MARKET FOR PATIENT MONITORING DEVICES, BY REGION, 2020–2023 (USD MILLION)

TABLE 23 MEDICAL SENSORS MARKET FOR PATIENT MONITORING DEVICES, BY REGION, 2024–2029 (USD MILLION)

6.4 MEDICAL IMPLANTABLE DEVICES

6.4.1 INCREASING CASES OF CARDIAC AND NEUROLOGICAL DISORDERS TO DRIVE MARKET

TABLE 24 MEDICAL SENSORS MARKET FOR IMPLANTABLE DEVICES, BY REGION, 2020–2023 (USD MILLION)

TABLE 25 MEDICAL SENSORS MARKET FOR IMPLANTABLE DEVICES, BY REGION, 2024–2029 (USD MILLION)

6.5 OTHER END-USE PRODUCTS

TABLE 26 MEDICAL SENSORS MARKET FOR OTHER END-USE PRODUCTS, BY REGION, 2020–2023 (USD MILLION)

TABLE 27 MEDICAL SENSORS MARKET FOR OTHER END-USE PRODUCTS, BY REGION, 2024–2029 (USD MILLION)

7 MEDICAL SENSORS MARKET, BY MEDICAL DEVICE CLASSIFICATION (Page No. - 93)

7.1 INTRODUCTION

FIGURE 42 MEDICAL SENSORS MARKET, BY MEDICAL DEVICE CLASSIFICATION

FIGURE 43 MEDICAL SENSORS MARKET FOR CLASS II DEVICES TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD

TABLE 28 MEDICAL SENSORS MARKET, BY MEDICAL DEVICE CLASSIFICATION, 2020–2023 (USD MILLION)

TABLE 29 MEDICAL SENSORS MARKET, BY MEDICAL DEVICE CLASSIFICATION, 2024–2029 (USD MILLION)

TABLE 30 DISTRIBUTION OF SENSORS IN CLASS I, CLASS II, AND CLASS III MEDICAL DEVICES ACCORDING TO FDA GUIDELINES FOR CLASSIFICATION OF MEDICAL DEVICES

7.2 CLASS I

7.3 CLASS II

7.4 CLASS III

8 MEDICAL SENSORS MARKET, BY MEDICAL FACILITY (Page No. - 97)

8.1 INTRODUCTION

FIGURE 44 MEDICAL SENSORS MARKET, BY MEDICAL FACILITY

FIGURE 45 HOSPITALS & CLINICS SEGMENT TO HOLD LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD

TABLE 31 MEDICAL SENSORS MARKET, BY MEDICAL FACILITY, 2020–2023 (USD MILLION)

TABLE 32 MEDICAL SENSORS MARKET, BY MEDICAL FACILITY, 2024–2029 (USD MILLION)

8.2 HOSPITALS & CLINICS

8.2.1 NEED TO INTEGRATE DEVICES WITH INFORMATION SYSTEMS AND HANDLE LARGE AMOUNTS OF PATIENT DATA TO DRIVE MARKET

TABLE 33 MEDICAL SENSORS MARKET FOR HOSPITALS & CLINICS, BY REGION, 2020–2023 (USD MILLION)

TABLE 34 MEDICAL SENSORS MARKET FOR HOSPITALS & CLINICS, BY REGION, 2024–2029 (USD MILLION)

8.3 NURSING HOMES, ASSISTED LIVING FACILITIES, LONG-TERM CARE CENTERS, AND HOME CARE SETTINGS

8.3.1 RISING NUMBER OF PEOPLE SUFFERING FROM CHRONIC DISEASES TO DRIVE MARKET

TABLE 35 MEDICAL SENSORS MARKET FOR NURSING HOMES, ASSISTED LIVING FACILITIES, LONG-TERM CARE CENTERS, AND HOME CARE SETTINGS, BY REGION, 2020–2023 (USD MILLION)

TABLE 36 MEDICAL SENSORS MARKET FOR NURSING HOMES, ASSISTED LIVING FACILITIES, LONG-TERM CARE CENTERS, AND HOME CARE SETTINGS, BY REGION, 2024–2029 (USD MILLION)

8.4 OTHER MEDICAL FACILITIES

TABLE 37 MEDICAL SENSORS MARKET FOR OTHER MEDICAL FACILITIES, BY REGION, 2020–2023 (USD MILLION)

TABLE 38 MEDICAL SENSORS MARKET FOR OTHER MEDICAL FACILITIES, BY REGION, 2024–2029 (USD MILLION)

9 MEDICAL SENSORS MARKET, BY MEDICAL PROCEDURE (Page No. - 105)

9.1 INTRODUCTION

FIGURE 46 MEDICAL SENSORS MARKET, BY MEDICAL PROCEDURE

FIGURE 47 MEDICAL SENSORS MARKET FOR NONINVASIVE PROCEDURE TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD

TABLE 39 MEDICAL SENSORS MARKET, BY MEDICAL PROCEDURE, 2020–2023 (USD MILLION)

TABLE 40 MEDICAL SENSORS MARKET, BY MEDICAL PROCEDURE, 2024–2029 (USD MILLION)

9.2 NONINVASIVE MEDICAL PROCEDURES

9.2.1 INCREASING ADOPTION OF ADVANCED PATIENT MONITORING DEVICES TO DRIVE MARKET

TABLE 41 MEDICAL SENSORS MARKET FOR NONINVASIVE MEDICAL PROCEDURES, BY REGION, 2020–2023 (USD MILLION)

TABLE 42 MEDICAL SENSORS MARKET FOR NONINVASIVE MEDICAL PROCEDURES, BY REGION, 2024–2029 (USD MILLION)

9.3 MINIMALLY INVASIVE MEDICAL PROCEDURES

9.3.1 INCREASING HEALTHCARE EXPENDITURE TO DRIVE MARKET

TABLE 43 MEDICAL SENSORS MARKET FOR MINIMALLY INVASIVE MEDICAL PROCEDURES, BY REGION, 2020–2023 (USD MILLION)

TABLE 44 MEDICAL SENSORS MARKET FOR MINIMALLY INVASIVE MEDICAL PROCEDURES, BY REGION, 2024–2029 (USD MILLION)

9.4 INVASIVE MEDICAL PROCEDURES

9.4.1 INCREASED ADOPTION OF IMPLANTABLE DEVICES AND ADVENT OF IOMT TO BOOST MARKET

TABLE 45 MEDICAL SENSORS MARKET FOR INVASIVE MEDICAL PROCEDURES, BY REGION, 2020–2023 (USD MILLION)

TABLE 46 MEDICAL SENSORS MARKET FOR INVASIVE MEDICAL PROCEDURES, BY REGION, 2024–2029 (USD MILLION)

10 MEDICAL SENSORS MARKET, BY SENSOR TYPE (Page No. - 111)

10.1 INTRODUCTION

FIGURE 48 TEMPERATURE SENSORS TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD

TABLE 47 MEDICAL SENSORS MARKET, BY SENSOR TYPE, 2020–2023 (USD MILLION)

TABLE 48 MEDICAL SENSORS MARKET, BY SENSOR TYPE, 2024–2029 (USD MILLION)

TABLE 49 MEDICAL SENSORS MARKET, BY SENSOR TYPE, 2020–2023 (MILLION UNIT)

TABLE 50 MEDICAL SENSORS MARKET, BY SENSOR TYPE, 2024–2029 (MILLION UNIT)

10.2 TEMPERATURE SENSORS

10.2.1 INCREASED ADOPTION IN IMAGING DEVICES, PATIENT MONITORING DEVICES, AND MEDICAL IMPLANTABLE DEVICES TO DRIVE GROWTH

TABLE 51 TEMPERATURE SENSORS MARKET, BY REGION, 2020–2023 (USD MILLION)

TABLE 52 TEMPERATURE SENSORS MARKET, BY REGION, 2024–2029 (USD MILLION)

10.3 PRESSURE SENSORS

10.3.1 ENHANCED PATIENT CARE AND REDUCED COSTS TO DRIVE MARKET

TABLE 53 PRESSURE SENSORS MARKET, BY REGION, 2020–2023 (USD MILLION)

TABLE 54 PRESSURE SENSORS MARKET, BY REGION, 2024–2029 (USD MILLION)

10.4 BLOOD GLUCOSE SENSORS

10.4.1 INCREASING PATIENTS OF DIABETES, HEART, AND KIDNEY PROBLEMS TO DRIVE GROWTH

TABLE 55 BLOOD GLUCOSE SENSORS MARKET, BY REGION, 2020–2023 (USD MILLION)

TABLE 56 BLOOD GLUCOSE SENSORS MARKET, BY REGION, 2024–2029 (USD MILLION)

10.5 BLOOD OXYGEN SENSORS

10.5.1 INCREASING DEMAND FOR BLOOD OXYGEN SENSORS ON HEMODYNAMIC MONITORS TO DRIVE MARKET

TABLE 57 BLOOD OXYGEN SENSORS MARKET, BY REGION, 2020–2023 (USD MILLION)

TABLE 58 BLOOD OXYGEN SENSORS MARKET, BY REGION, 2024–2029 (USD MILLION)

10.6 ELECTROCARDIOGRAM (ECG) SENSORS

10.6.1 DEVELOPMENT OF ADVANCED PRODUCTS FOR MONITORING CARDIAC ACTIVITY TO DRIVE MARKET

TABLE 59 ECG SENSORS MARKET, BY REGION, 2020–2023 (USD MILLION)

TABLE 60 ECG SENSORS MARKET, BY REGION, 2024–2029 (USD MILLION)

10.7 IMAGE SENSORS

10.7.1 INCREASING DEMAND FOR IMAGING DEVICES TO DRIVE GROWTH

TABLE 61 IMAGE SENSORS MARKET, BY REGION, 2020–2023 (USD MILLION)

TABLE 62 IMAGE SENSORS MARKET, BY REGION, 2024–2029 (USD MILLION)

10.8 MOTION SENSORS

10.8.1 INCREASED ADOPTION OF MEMS SENSORS FOR SURGICAL NAVIGATION SYSTEMS TO DRIVE GROWTH

TABLE 63 MOTION SENSORS MARKET, BY REGION, 2020–2023 (USD MILLION)

TABLE 64 MOTION SENSORS MARKET, BY REGION, 2024–2029 (USD MILLION)

10.9 HEART RATE SENSORS

10.9.1 RISING ADOPTION OF HEART RATE SENSORS IN PERSONAL ACTIVITY MONITORS TO DRIVE MARKET

TABLE 65 HEART RATE SENSORS MARKET, BY REGION, 2020–2023 (USD MILLION)

TABLE 66 HEART RATE SENSORS MARKET, BY REGION, 2024–2029 (USD MILLION)

10.10 FLOW SENSORS

10.10.1 SURGING DEMAND FOR VENTILATORS AND RESPIRATORY DEVICES TO DRIVE GROWTH

TABLE 67 FLOW SENSORS MARKET, BY REGION, 2020–2023 (USD MILLION)

TABLE 68 FLOW SENSORS MARKET, BY REGION, 2024–2029 (USD MILLION)

TABLE 69 FLOW SENSORS MARKET, BY SENSOR TYPE, 2020–2023 (USD MILLION)

TABLE 70 FLOW SENSORS MARKET, BY SENSOR TYPE, 2024–2029 (USD MILLION)

TABLE 71 VENTILATOR SENSORS MARKET, BY SENSOR TYPE, 2020–2023 (USD MILLION)

TABLE 72 VENTILATOR SENSORS MARKET, BY SENSOR TYPE, 2024–2029 (USD MILLION)

10.11 INGESTIBLE SENSORS

10.11.1 EMERGENCE OF ADVANCED DIAGNOSTIC IMAGING TECHNOLOGIES TO DRIVE GROWTH

TABLE 73 INGESTIBLE SENSORS MARKET, BY REGION, 2020–2023 (USD MILLION)

TABLE 74 INGESTIBLE SENSORS MARKET, BY REGION, 2024–2029 (USD MILLION)

10.12 TOUCH SENSORS

10.12.1 RISING DEMAND FOR DEVICES EQUIPPED WITH TOUCHSCREEN TECHNOLOGY TO DRIVE MARKET

TABLE 75 TOUCH SENSORS MARKET, BY REGION, 2020–2023 (USD MILLION)

TABLE 76 TOUCH SENSORS MARKET, BY REGION, 2024–2029 (USD MILLION)

10.13 PIEZO FILM SENSORS

10.13.1 RISING NUMBER OF SLEEP APNEA CASES TO DRIVE MARKET

TABLE 77 PIEZO FILM SENSORS MARKET, BY REGION, 2020–2023 (USD MILLION)

TABLE 78 PIEZO FILM SENSORS MARKET, BY REGION, 2024–2029 (USD MILLION)

10.14 POSITION SENSORS

10.14.1 RISING DEMAND FOR IMAGING DEVICES TO DRIVE MARKET

TABLE 79 POSITION SENSORS MARKET, BY REGION, 2020–2023 (USD MILLION)

TABLE 80 POSITION SENSORS MARKET, BY REGION, 2024–2029 (USD MILLION)

11 MEDICAL SENSORS MARKET, BY REGION (Page No. - 131)

11.1 INTRODUCTION

FIGURE 49 MEDICAL SENSORS MARKET SEGMENTATION, BY REGION

FIGURE 50 ASIA PACIFIC MARKET TO RECORD HIGHEST CAGR DURING FORECAST PERIOD

TABLE 81 MEDICAL SENSORS MARKET, BY REGION, 2020–2023 (USD MILLION)

TABLE 82 MEDICAL SENSORS MARKET, BY REGION, 2024–2029 (USD MILLION)

11.2 AMERICAS

TABLE 83 MEDICAL SENSORS MARKET IN AMERICAS, BY REGION, 2020–2023 (USD MILLION)

TABLE 84 MEDICAL SENSORS MARKET IN AMERICAS, BY REGION, 2024–2029 (USD MILLION)

TABLE 85 MEDICAL SENSORS MARKET IN AMERICAS, BY SENSOR TYPE, 2020–2023 (USD MILLION)

TABLE 86 MEDICAL SENSORS MARKET IN AMERICAS, BY SENSOR TYPE, 2024–2029 (USD MILLION)

TABLE 87 MEDICAL SENSORS MARKET IN AMERICAS, BY END-USE PRODUCT, 2020–2023 (USD MILLION)

TABLE 88 MEDICAL SENSORS MARKET IN AMERICAS, BY END-USE PRODUCT, 2024–2029 (USD MILLION)

TABLE 89 MEDICAL SENSORS MARKET IN AMERICAS, BY MEDICAL FACILITY, 2020–2023 (USD MILLION)

TABLE 90 MEDICAL SENSORS MARKET IN AMERICAS, BY MEDICAL FACILITY, 2024–2029 (USD MILLION)

11.2.1 AMERICAS: IMPACT OF RECESSION

FIGURE 51 ANALYSIS OF MEDICAL SENSORS MARKET IN AMERICAS: PRE- AND POST-RECESSION SCENARIOS

11.2.2 NORTH AMERICA

FIGURE 52 NORTH AMERICA: MEDICAL SENSORS MARKET SNAPSHOT

TABLE 91 MEDICAL SENSORS MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)

TABLE 92 MEDICAL SENSORS MARKET IN NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)

TABLE 93 MEDICAL SENSORS MARKET IN NORTH AMERICA, BY END-USE PRODUCT, 2020–2023 (USD MILLION)

TABLE 94 MEDICAL SENSORS MARKET IN NORTH AMERICA, BY END-USE PRODUCT, 2024–2029 (USD MILLION)

TABLE 95 MEDICAL SENSORS MARKET IN NORTH AMERICA, BY MEDICAL FACILITY, 2020–2023 (USD MILLION)

TABLE 96 MEDICAL SENSORS MARKET IN NORTH AMERICA, BY MEDICAL FACILITY, 2024–2029 (USD MILLION)

11.2.2.1 US

11.2.2.1.1 Growing elderly population and rising adoption of advanced medical devices to drive market growth

11.2.2.2 Canada

11.2.2.2.1 Imports accounting for significant share of medical sensors market in Canada

11.2.2.3 Mexico

11.2.2.3.1 Government initiatives on healthcare to drive growth

11.2.3 SOUTH AMERICA

FIGURE 53 SOUTH AMERICA: MEDICAL SENSORS MARKET SNAPSHOT

TABLE 97 MEDICAL SENSORS MARKET IN SOUTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)

TABLE 98 MEDICAL SENSORS MARKET IN SOUTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)

TABLE 99 MEDICAL SENSORS MARKET IN SOUTH AMERICA, BY END-USE PRODUCT, 2020–2023 (USD MILLION)

TABLE 100 MEDICAL SENSORS MARKET IN SOUTH AMERICA, BY END-USE PRODUCT, 2024–2029 (USD MILLION)

TABLE 101 MEDICAL SENSORS MARKET IN SOUTH AMERICA, BY MEDICAL FACILITY, 2020–2023 (USD MILLION)

TABLE 102 MEDICAL SENSORS MARKET IN SOUTH AMERICA, BY MEDICAL FACILITY, 2024–2029 (USD MILLION)

11.2.3.1 Brazil

11.2.3.1.1 Healthcare initiatives driving market growth in Brazil

11.2.3.2 Argentina

11.2.3.2.1 Increased healthcare expenditure to drive market

11.2.3.3 Rest of South America

11.3 EUROPE

FIGURE 54 EUROPE: MEDICAL SENSORS MARKET SNAPSHOT

TABLE 103 MEDICAL SENSORS MARKET IN EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)

TABLE 104 MEDICAL SENSORS MARKET IN EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)

TABLE 105 MEDICAL SENSORS MARKET IN EUROPE, BY SENSOR TYPE, 2020–2023 (USD MILLION)

TABLE 106 MEDICAL SENSORS MARKET IN EUROPE, BY SENSOR TYPE, 2024–2029 (USD MILLION)

TABLE 107 MEDICAL SENSORS MARKET IN EUROPE, BY END-USE PRODUCT, 2020–2023 (USD MILLION)

TABLE 108 MEDICAL SENSORS MARKET IN EUROPE, BY END-USE PRODUCT, 2024–2029 (USD MILLION)

TABLE 109 MEDICAL SENSORS MARKET IN EUROPE, BY MEDICAL FACILITY, 2020–2023 (USD MILLION)

TABLE 110 MEDICAL SENSORS MARKET IN EUROPE, BY MEDICAL FACILITY, 2024–2029 (USD MILLION)

11.3.1 EUROPE: IMPACT OF RECESSION

FIGURE 55 ANALYSIS OF MEDICAL SENSORS MARKET IN EUROPE: PRE- AND POST-RECESSION SCENARIOS

11.3.2 GERMANY

11.3.2.1 Digitization, improved connectivity, and healthcare funding to drive demand

11.3.3 UK

11.3.3.1 Increasing per capita expenditure on healthcare to boost market growth

11.3.4 FRANCE

11.3.4.1 Growing expenditure on healthcare to drive market in France

11.3.5 ITALY

11.3.5.1 Presence of several local manufacturers to boost market growth

11.3.6 SPAIN

11.3.6.1 Presence of small and medium-sized companies to support market

11.3.7 REST OF EUROPE

11.4 ASIA PACIFIC

FIGURE 56 ASIA PACIFIC: MEDICAL SENSORS MARKET SNAPSHOT

TABLE 111 MEDICAL SENSORS MARKET IN ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)

TABLE 112 MEDICAL SENSORS MARKET IN ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)

TABLE 113 MEDICAL SENSORS MARKET IN ASIA PACIFIC, BY SENSOR TYPE, 2020–2023 (USD MILLION)

TABLE 114 MEDICAL SENSORS MARKET IN ASIA PACIFIC, BY SENSOR TYPE, 2024–2029 (USD MILLION)

TABLE 115 MEDICAL SENSORS MARKET IN ASIA PACIFIC, BY END-USE PRODUCT, 2020–2023 (USD MILLION)

TABLE 116 MEDICAL SENSORS MARKET IN ASIA PACIFIC, BY END-USE PRODUCT, 2024–2029 (USD MILLION)

TABLE 117 MEDICAL SENSORS MARKET IN ASIA PACIFIC, BY MEDICAL FACILITY, 2020–2023 (USD MILLION)

TABLE 118 MEDICAL SENSORS MARKET IN ASIA PACIFIC, BY MEDICAL FACILITY, 2024–2029 (USD MILLION)

11.4.1 ASIA PACIFIC: IMPACT OF RECESSION

FIGURE 57 ANALYSIS OF MEDICAL SENSORS MARKET IN ASIA PACIFIC: PRE- AND POST-RECESSION SCENARIOS

11.4.2 CHINA

11.4.2.1 Surging adoption of advanced technologies in healthcare to drive market growth

11.4.3 JAPAN

11.4.3.1 Rapidly growing elderly population to boost market in Japan

11.4.4 SOUTH KOREA

11.4.4.1 Imports to account for major share of market in South Korea

11.4.5 INDIA

11.4.5.1 Growth in medical tourism to support market growth

11.4.6 REST OF ASIA PACIFIC

11.5 MIDDLE EAST & AFRICA

TABLE 119 MEDICAL SENSORS MARKET IN MIDDLE EAST & AFRICA, BY REGION, 2020–2023 (USD MILLION)

TABLE 120 MEDICAL SENSORS MARKET IN MIDDLE EAST & AFRICA, BY REGION, 2024–2029 (USD MILLION)

TABLE 121 MEDICAL SENSORS MARKET IN MIDDLE EAST & AFRICA, BY SENSOR TYPE, 2020–2023 (USD MILLION)

TABLE 122 MEDICAL SENSORS MARKET IN MIDDLE EAST & AFRICA, BY SENSOR TYPE, 2024–2029 (USD MILLION)

TABLE 123 MEDICAL SENSORS MARKET IN MIDDLE EAST & AFRICA, BY END-USE PRODUCT, 2020–2023 (USD MILLION)

TABLE 124 MEDICAL SENSORS MARKET IN MIDDLE EAST & AFRICA, BY END-USE PRODUCT, 2024–2029 (USD MILLION)

TABLE 125 MEDICAL SENSORS MARKET IN MIDDLE EAST & AFRICA, BY MEDICAL FACILITY, 2020–2023 (USD MILLION)

TABLE 126 MEDICAL SENSORS MARKET IN MIDDLE EAST & AFRICA, BY MEDICAL FACILITY, 2024–2029 (USD MILLION)

11.5.1 MIDDLE EAST & AFRICA: IMPACT OF RECESSION

FIGURE 58 ANALYSIS OF MEDICAL SENSORS MARKET IN MIDDLE EAST & AFRICA: PRE- AND POST-RECESSION SCENARIOS

11.5.2 GCC COUNTRIES

11.5.2.1 Promotion of domestic electronics manufacturing to support market

11.5.3 REST OF MIDDLE EAST & AFRICA

11.5.3.1 Focus on improving medical infrastructure to drive demand

12 COMPETITIVE LANDSCAPE (Page No. - 164)

12.1 OVERVIEW

12.1.1 INTRODUCTION

12.2 STRATEGIES ADOPTED BY KEY PLAYERS

TABLE 127 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN MEDICAL SENSORS MARKET

12.3 REVENUE ANALYSIS OF TOP FIVE PLAYERS

FIGURE 59 THREE-YEAR REVENUE ANALYSIS OF TOP MARKET PLAYERS, 2021–2023

12.4 MARKET SHARE ANALYSIS

TABLE 128 MEDICAL SENSORS MARKET: DEGREE OF COMPETITION

TABLE 129 MEDICAL SENSORS MARKET: RANKING OF KEY PLAYERS

FIGURE 60 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023

12.5 COMPANY VALUATION AND FINANCIAL METRICS

12.5.1 VALUATION AND FINANCIAL METRICS OF KEY PLAYERS IN MEDICAL SENSORS MARKET

12.5.2 EV/EBITDA OF KEY PLAYERS

12.6 BRAND/PRODUCT COMPARISON

12.6.1 MEDICAL SENSORS MARKET: TOP TRENDING BRAND/PRODUCTS

12.7 COMPANY EVALUATION MATRIX

12.7.1 STARS

12.7.2 EMERGING LEADERS

12.7.3 PERVASIVE PLAYERS

12.7.4 PARTICIPANTS

FIGURE 61 MEDICAL SENSORS MARKET: COMPANY EVALUATION MATRIX, 2023

12.7.5 COMPANY FOOTPRINT

TABLE 130 COMPANY SENSOR TYPE FOOTPRINT

TABLE 131 COMPANY MEDICAL PROCEDURE FOOTPRINT

TABLE 132 COMPANY MEDICAL DEVICE CLASSIFICATION FOOTPRINT

TABLE 133 COMPANY END-USE PRODUCT FOOTPRINT

TABLE 134 COMPANY REGION FOOTPRINT

FIGURE 62 COMPANY OVERALL FOOTPRINT

12.8 START-UP/SME EVALUATION MATRIX

12.8.1 PROGRESSIVE COMPANIES

12.8.2 RESPONSIVE COMPANIES

12.8.3 DYNAMIC COMPANIES

12.8.4 STARTING BLOCKS

FIGURE 63 MEDICAL SENSORS MARKET: START-UP/SME EVALUATION MATRIX, 2023

12.8.5 COMPETITIVE BENCHMARKING

TABLE 135 MEDICAL SENSORS MARKET: KEY START-UPS/SMES

12.8.6 START-UP/SME FOOTPRINT

TABLE 136 START-UP/SME SENSOR TYPE FOOTPRINT (7 COMPANIES)

TABLE 137 START-UP/SME MEDICAL PROCEDURE FOOTPRINT (7 COMPANIES)

TABLE 138 START-UP/SME MEDICAL DEVICE CLASSIFICATION FOOTPRINT (7 COMPANIES)

TABLE 139 START-UP/SME COMPANY END-USE PRODUCT FOOTPRINT (7 COMPANIES)

TABLE 140 START-UP/SME COMPANY REGION FOOTPRINT (7 COMPANIES)

FIGURE 64 START-UP/SME OVERALL FOOTPRINT

12.9 COMPETITIVE SCENARIO AND TRENDS

12.9.1 PRODUCT LAUNCHES/DEVELOPMENTS

TABLE 141 MEDICAL SENSORS MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, JANUARY 2021–NOVEMBER 2023

12.9.2 DEALS

TABLE 142 MEDICAL SENSORS MARKET: DEALS, JANUARY 2021–NOVEMBER 2023

13 COMPANY PROFILES (Page No. - 190)

(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*

13.1 INTRODUCTION

13.2 KEY PLAYERS

13.2.1 TE CONNECTIVITY

TABLE 143 TE CONNECTIVITY: BUSINESS OVERVIEW

FIGURE 65 TE CONNECTIVITY: COMPANY SNAPSHOT

TABLE 144 TE CONNECTIVITY: PRODUCTS/SOLUTION/SERVICES OFFERED

TABLE 145 TE CONNECTIVITY: OTHERS, JANUARY 2021−NOVEMBER 2023

13.2.2 MEDTRONIC

TABLE 146 MEDTRONIC: BUSINESS OVERVIEW

FIGURE 66 MEDTRONIC: COMPANY SNAPSHOT

TABLE 147 MEDTRONIC: PRODUCTS/SOLUTION/SERVICES OFFERED

TABLE 148 MEDTRONIC: PRODUCT LAUNCHES, JANUARY 2021−NOVEMBER 2023

TABLE 149 MEDTRONIC: DEALS, JANUARY 2021−NOVEMBER 2023

13.2.3 ANALOG DEVICES, INC.

TABLE 150 ANALOG DEVICES, INC.: COMPANY OVERVIEW

FIGURE 67 ANALOG DEVICES, INC.: COMPANY SNAPSHOT

TABLE 151 ANALOG DEVICES, INC.: PRODUCTS/SOLUTION/SERVICES OFFERED

TABLE 152 ANALOG DEVICES, INC.: DEALS, JANUARY 2021−NOVEMBER 2023

TABLE 153 ANALOG DEVICES, INC.: OTHERS, JANUARY 2021−NOVEMBER 2023

13.2.4 TEXAS INSTRUMENTS INCORPORATED

TABLE 154 TEXAS INSTRUMENTS INCORPORATED: COMPANY OVERVIEW

FIGURE 68 TEXAS INSTRUMENTS INCORPORATED: COMPANY SNAPSHOT

TABLE 155 TEXAS INSTRUMENTS INCORPORATED: PRODUCTS/SOLUTION/SERVICES OFFERED

13.2.5 STMICROELECTRONICS

TABLE 156 STMICROELECTRONICS: COMPANY OVERVIEW

FIGURE 69 STMICROELECTRONICS: COMPANY SNAPSHOT

TABLE 157 STMICROELECTRONICS: PRODUCTS/SOLUTION/SERVICES OFFERED

TABLE 158 STMICROELECTRONICS: DEALS, JANUARY 2021−NOVEMBER 2023

TABLE 159 STMICROELECTRONICS: OTHERS, JANUARY 2021−NOVEMBER 2023

13.2.6 TEKSCAN, INC.

TABLE 160 TEKSCAN, INC.: COMPANY OVERVIEW

TABLE 161 TEKSCAN, INC.: PRODUCTS/SOLUTION/SERVICES OFFERED

TABLE 162 TEKSCAN, INC.: PRODUCT LAUNCHES, JANUARY 2021−NOVEMBER 2023

TABLE 163 TEKSCAN, INC.: DEALS, JANUARY 2021−NOVEMBER 2023

13.2.7 NXP SEMICONDUCTORS

TABLE 164 NXP SEMICONDUCTORS: BUSINESS OVERVIEW

FIGURE 70 NXP SEMICONDUCTORS: COMPANY SNAPSHOT

TABLE 165 NXP SEMICONDUCTORS: PRODUCTS/SOLUTION/SERVICES OFFERED

TABLE 166 NXP SEMICONDUCTORS: PRODUCT LAUNCHES, JANUARY 2021−NOVEMBER 2023

TABLE 167 NXP SEMICONDUCTORS: DEALS, JANUARY 2021−NOVEMBER 2023

13.2.8 SENSIRION AG

TABLE 168 SENSIRION AG: COMPANY OVERVIEW

FIGURE 71 SENSIRION AG: COMPANY SNAPSHOT

TABLE 169 SENSIRION AG: PRODUCTS/SOLUTION/SERVICES OFFERED

TABLE 170 SENSIRION AG: PRODUCT LAUNCHES, JANUARY 2021−NOVEMBER 2023

TABLE 171 SENSIRION AG: DEALS, JANUARY 2021−NOVEMBER 2023

13.2.9 ON SEMICONDUCTOR CORPORATION

TABLE 172 ON SEMICONDUCTOR CORPORATION: BUSINESS OVERVIEW

FIGURE 72 ON SEMICONDUCTOR CORPORATION: COMPANY SNAPSHOT

TABLE 173 ON SEMICONDUCTOR CORPORATION: PRODUCTS/SOLUTION/SERVICES OFFERED

TABLE 174 ON SEMICONDUCTOR CORPORATION: DEALS, JANUARY 2021−NOVEMBER 2023

13.2.10 AMPHENOL CORPORATION

TABLE 175 AMPHENOL CORPORATION: COMPANY OVERVIEW

FIGURE 73 AMPHENOL CORPORATION: COMPANY SNAPSHOT

TABLE 176 AMPHENOL CORPORATION: PRODUCTS/SOLUTION/SERVICES OFFERED

TABLE 177 AMPHENOL CORPORATION: PRODUCT LAUNCHES, JANUARY 2021−NOVEMBER 2023

13.3 OTHER PLAYERS

13.3.1 KONINKLIJKE PHILIPS N.V.

13.3.2 AMS-OSRAM AG

13.3.3 ABBOTT

13.3.4 HONEYWELL INTERNATIONAL INC.

13.3.5 CIRTEC

13.3.6 INNOVATIVE SENSOR TECHNOLOGY IST AG

13.3.7 KELLER DRUCKMESSTECHNIK AG

13.3.8 OMNIVISION

13.3.9 MERIT MEDICAL SYSTEMS, INC.

13.3.10 INFINEON TECHNOLOGIES AG

13.3.11 MASIMO

13.3.12 VIVALNK, INC.

13.3.13 MICROCHIP TECHNOLOGY INC.

13.3.14 SIEMENS HEALTHINEERS AG

13.3.15 RENESAS ELECTRONICS CORPORATION

*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.

14 APPENDIX (Page No. - 240)

14.1 DISCUSSION GUIDE

14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL

14.3 CUSTOMIZATION OPTIONS

14.4 RELATED REPORTS

14.5 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the medical sensors market —exhaustive secondary research collected information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

Various secondary sources have been referred to in the secondary research process for identifying and collecting information important for this study. These secondary sources include high-speed data converter technology journals and magazines, annual reports, press releases, investor presentations of companies, white papers, certified publications and articles from recognized authors, and directories and databases such as Factiva, Hoovers, and OneSource.

Primary Research

Various primary sources from both supply and demand sides have been interviewed in the primary research process to obtain qualitative and quantitative information important for this report. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the medical sensors market. After complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information as well as to verify and validate the critical numbers arrived at.

Medical Sensors Market
Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market estimation process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the medical sensors market and other dependent submarkets listed in this report.

Extensive secondary research has identified key players in the industry and market.
In terms of value, the industry’s supply chain and market size have been determined through primary and secondary research processes.
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Medical Sensors Market: Bottom-Up Approach

Medical Sensors Market
Size, and Bottom-Up Approach

Medical Sensors Market: Top-Down Approach

Medical Sensors Market
Size, and Top-Down Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the global market has been split into several segments and subsegments. Market breakdown and data triangulation procedures have been employed wherever applicable to complete the overall market engineering process and arrive at exact statistics for all segments and subsegments. The data has been triangulated by studying several factors and trends identified from both the demand and supply sides.

Market Definition

Medical sensors detect electrical or optical signals and provide a method for those signals to be measured and recorded. The physical properties that can be measured using these sensors include temperature, pressure, vibration, flow rates of liquids and gases, amplitudes of electrical and magnetic signals, and concentration of various substances. The medical sensors market is likely to witness significant growth owing to the increasing demand for advanced and connected medical devices. Increasing investments by governments and private organizations in healthcare have enabled device manufacturers to provide advanced medical devices for improved patient monitoring and diagnosis. The integration of advanced technologies, such as IoT, in medical devices has increased the demand for medical sensors.

Key Stakeholders

Original equipment manufacturers (OEMs)
Original device manufacturers (ODMs)
Sensor manufacturers
Manufacturers of semiconductor components and devices
Providers of medical technologies
Providers of medical devices software validation and testing services
Government bodies such as regulatory authorities and policymakers
Industry associations, organizations, forums, and alliances related to semiconductors, sensors, and medical equipment
Research institutes and organizations

Report Objectives

The following are the primary objectives of the study.

To forecast the size of the medical sensors market, in terms of value, based on sensor type, end-use product, medical procedure, medical facility, medical device classification, and region
To define, describe, and forecast the medical sensors market size, in terms of volume, based on sensor type
To describe and forecast the market, in terms of value, for various segments across four main regions: Americas, Asia Pacific, Europe, and the Middle East & Africa
To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the market
To study the complete value chain and related industry segments and conduct a value chain analysis of the medical sensors market landscape
To strategically analyze the ecosystem, regulatory landscape, patent landscape, Porter’s Five Forces, import and export scenarios for products covered under HS code 901813 trade landscape, and case studies pertaining to the market under study
To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contributions to the overall market
To analyze opportunities for stakeholders by identifying high-growth segments in the market
To strategically profile the key players and provide a detailed competitive landscape of the medical sensors market
To analyze strategic approaches adopted by the leading players in the medical sensors market, including product launches/developments and acquisitions

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information:

Detailed analysis and profiling of additional market players (up to 5)

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Growth opportunities and latent adjacency in Medical Sensors Market

IBRAHIM31/01/2019

I am collecting information on medical sensor industry for a case study on the industry and not a particular company to use the info. Would be interested in receiving sample and brochure for this report.

Syed27/02/2019

Interested in knowing about sensors in medical industry like tempertaure sensors, pressure sensors, ingestible sensors, and blood monitoring sensors.

Syed27/02/2019

Have you included wearable elctonics sensors in your study ? Would be interested in knowing major companies manufacturing these type of component?

FAITH25/05/2016

What level of information have been provided with respect to startup operating in this market. Do you provide competitor analysis data for startups companies.

Bruce24/09/2013

Consulting for small tech company interested in Pressure & Position Sensors for Monitoring and Diagnostic Market Segments (US Primary, Global secondary).

Rebecca23/12/2018

I am looking into medical sensors that may be used for my individual project for my fourth year Product Design Engineering degree. What discount is available for student copy ?

Shane17/08/2018

I am interested to learn if the application segmentation in the Medical Sensors report goes one level deeper than: Diagnostics, Monitoring, Medical therapeutics, Imaging, Wellness and fitness.

Ebole16/04/2016

Looking for specific data for sensors for temperature, heart beat and skill conduction. Currently, researching on human emotion detection system. What level of information you can provide to us ?

Anoop16/01/2019

Would like to know the trends and business opportunities world wide for various medical sensors prevailing in this industry. Also would like to know the feasibility of a start-up in the medical sensors industry.

Hubertus14/12/2013

Hi, we are a startup, working on different medical devices what can be used simultanious on smartphones tablets and smartwatches, with a patents filled. I would be intersting how big is the market for fever thermometers in US EU world If you could help us this would be very nice, best regards Hubertus

ANGEL10/07/2017

I am developing a network :Wireless body area networks (WBANs) signify emerging technology with the potential to revolutionize health care by allowing unobtrusive health monitoring for extended periods of time.I need wireless sensors for :A typical WBAN consists of a number of inexpensive, lightweight, and miniature sensor platforms, each featuring one or more physiological sensors: motion sensors, EEGs, EMGs, electrocardiographs (ECGs). The sensors could be located on the body as tiny intelligent patches, integrated into clothing, or implanted below the skin or muscles. Have you covered this level of detail analysis in your project ?

JEEVAN01/11/2016

Data required for the following 3 sensor types: 1)respiratory gas monitors 2)oximetry (pulse oximeters) 3)capnography (capnometry) . What level of information is available for these products?