Medical Sensors Market

Medical Sensors Market with COVID-19 Impact Analysis by Sensor Type (Pressure, Temperature, Blood Oxygen, Image, Flow Sensor), End-use Product, Medical Procedure (Invasive, Non-invasive), Device Classification, and Geography – Global Forecast to 2026

Report Code: SE 1587 Jul, 2021, by marketsandmarkets.com

[260 Pages Report] The medical sensors market is estimated to be worth USD 1.8 billion in 2021 and projected to reach USD 3.0 billion by 2026, at a CAGR of 10.3%. The increasing adoption of sensors in portable and connected medical devices, growing elderly population and increasing life expectancy, rising demand for wearable medical devices, surging adoption of IoT-based medical devices, burgeoning expenditure on healthcare and accelerating demand for ventilators due to COVID–19  are some of the prominent factors for the growth of the medical sensors market globally.

Medical Sensors Market

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COVID-19 Impact on the Global Medical Sensors Market

COVID-19 has led to severe health crisis across the world and several casualties. North America was one of the worst affected regions in the world, and the US was affected severely due to the pandemic. It caused ongoing challenges for the region’s healthcare system as the health systems were not designed to deal with such a crisis. The sudden rise in the infections led to an increase in demand for ventilators, oxygen concentrators, and respiratory devices, as these devices are used to assist COVID-19 patients suffering from breathing problems and reduced blood oxygen levels.

The pandemic caused several hardships for companies in the medical sensors market in 2020 as the supply was severely affected due to the lockdown. However, companies responded well to these constraints and developed a more resilient supply to clear their backlog orders. The impact of COVID-19 on the Americas was hard for the medical sensors market for a few weeks, but it started to show signs of recovery in the third quarter of 2020. The high demand for ventilators, respiratory systems, patient monitoring systems, and imaging systems were the major reasons for the recovery of the medical sensors market.

The key manufacturers in the medical sensors market, including Leading market players such as Medtronic (Ireland), NXP Semiconductors (Netherlands), and Sensirion (Switzerland) witnessed a higher growth in the third quarter of 2020 as compared with the first two quarters.

Medical Sensors Market Dynamics

Driver: Increasing adoption of sensors in portable and connected medical devices

In recent years, there has been a steep rise in the demand for low-cost sensors due to their use in portable and connected medical devices. Portable medical devices are noninvasive electronic components that are majorly used for patient monitoring applications. The advancements in wireless technology for healthcare have increased the mobility of patients at medical facilities and homes. Portable medical devices include CPAP machines, sleep apnea monitors, blood glucose monitors, pulse oximeters, ultrasound devices, and blood pressure monitors, among others. The manufacturers of medical devices are extensively focusing on the development of portable devices equipped with sensors. The demand for low-cost advanced sensors with a small form factor, improved functionalities, low power consumption, and high reliability is increasing due to their increased usage in these devices.

Restraint: Complexity in designing compatible medical sensors

The demand for small, light, portable, and cost-effective medical devices is increasing globally. The manufacturers of sensors need to ensure that the sensors they design are compatible with the specifications of the medical devices in which they would be used. While designing compact and lightweight medical sensors, manufacturers must ensure the normal functionalities of medical devices in which these sensors would be integrated. For instance, it is very difficult for sensor manufacturers to get the needed accuracy and a good signal-to-noise ratio (SNR) while developing sensors based on the specifications of the device. Another problem faced by sensor manufacturers while developing medical sensors is the need for calibration and testing of the analog components used in the sensor. Developing advanced sensors involves multiple sensor types working with the same form factor, which increases the complexity in design and testing. Such complexities may impede the growth of the medical sensors market.

Opportunity: Advancements in sensors and digital technologies

Advanced sensing and digital technologies have enhanced patient monitoring and remote connectivity. The rapid increase of smart medical devices the have advanced sensors integrated with advanced computing and communication technologies is expected to drive the growth of the medical sensors market. The transformative nature of IoT technologies due to the advancements in computing and processing power of connected medical devices, as well as in wireless technologies, can be exploited to the fullest by the manufacturers of medical sensors. Similarly, the miniaturization of components fosters innovations in the development of compact medical devices. The rise in the number of connected medical devices and the advancements in medical systems and software that support patient data collection and transmission are expected to act as a growth opportunities for the medical sensors market.

Challenge:  Stringent regulatory environment and the requirement of product approvals

The regulatory requirements that are to be followed by the manufacturers of implantable medical devices and providers of medical device technologies impede the growth of the medical sensors market. The manufacturers of medical sensors must undergo various trials and other country-specific regulatory procedures for the commercialization and integration of sensors with medical devices. The development and commercialization of ingestible and implantable sensors take a lot of time due to the detailed documentation processes and expensive clinical trials. Medical sensors that are ingested or implanted into the human body need to undergo separate tests for biocompatibility and electromagnetic compatibility. The regulatory bodies also verify the composition of materials used to manufacture such sensors. Advancements in medical devices in terms of the development of IoT-based medical devices connected medical devices, and smart medical devices act as challenges for the manufacturers of medical sensors, as the accuracy, versatility, and specifications of the sensors must be maintained to facilitate accurate patient monitoring. Obtaining regulatory approvals takes a lot of time and slows the commercialization of medical sensors, impeding the market’s growth.

Patient monitoring devices held the major market share in the medical sensors market in 2020 and is expected to dominate the market during the forecast period

The integration of patient monitoring devices with smartphones and wireless devices has led to the increased usage of remote monitoring systems, mobile cardiac telemetry devices and ambulatory event monitors. The growing awareness about advanced medical devices among people, along with the development of innovative and advanced patient monitoring devices capable of real-time monitoring, enables healthcare professionals and users to take preventive measures before the severity of the illness is intensified. 

Minimally invasive medical procedures to grow at the highest CAGR during the forecast period

The minimally invasive medical procedures are expected to show a high growth rate during the forecast period in the medical sensors market. Minimally invasive medical devices have transformed surgical procedures by reducing the size of the incision, shortening or eliminating hospital stays, and improving recovery time and overall outcome of the patients. The increasing demand for minimally invasive medical procedures is expected to drive the growth of the medical sensors market during the forecast period.

Flow sensors to grow at the highest rate during the forecast period

Flow sensors could witness a high growth rate during the forecast period. Due to the COVID–19 pandemic, there has been a sudden increase in demand for ventilators, oxygen concentrators, and respiratory devices, as these devices are used to assist COVID-19 patients suffering from breathing problems and reduced blood oxygen levels. This sudden increase in the demand has led to a rise in the demand for flow sensors.

Medical Sensors Market by Region

Key Market Players

The major players in the medical sensors market are TE Connectivity(Switzerland), Medtronic(Ireland), Analog Devices (US), Texas Instruments(US), and ST Microelectronics (Switzerland).

Scope of the report

Report Metric

Details

Market size available for years

2017–2026

Base year considered

2020

Forecast period

2021–2026

Forecast units

Value (USD Million), and Volume (Million Units)

Segments covered

By Sensor Type, By Medical Procedure, By End-use Product, By Medical Device Classification and By Medical Facility

Geographies covered

Americas, Europe, Asia Pacific, and Rest of World

Companies covered

The major players in the medical sensors market are TE Connectivity (Switzerland), Medtronic (Ireland), Analog Devices (US), Texas Instruments (US), STMicroelectronics (Switzerland), Tekscan (US), NXP Semiconductors (Netherlands), Sensirion (Switzerland), ON Semiconductor Corporation (US), and Amphenol Corporation (US). 

The study categorizes the medical sensors market based on component, end user products, medical procedure, medical device classification, application at the regional and global level.

By Sensor Type

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

By Medical Procedure

  • Noninvasive Medical Procedures
  • Minimally Invasive Medical Procedures
  • Invasive Medical Procedures

By End-use Product

  • Diagnostic Imaging Devices
  • Patient Monitoring Devices
  • Medical Implantable Devices
  • Others

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

By Region

  • Americas
  • Europe
  • Asia Pacific
  • Rest of World

Recent Developments

  • In March 2020, TE Connectivity acquired First Sensor, a global player in sensor technology. First Sensor has expertise in chip design, production, and micro-electric packaging. First Sensor AG develops sensors for industrial, medical, and transportation markets. With this acquisition, TE Connectivity aims to provide customers with a high level of product innovation in sensor technology.
  • In May 2021, Medtronic announced the FDA clearance for Minimed™ 770G insulin pump that has smartphone connectivity. This device has a Guardian™ Sensor 3, which helps in measuring the blood glucose level.
  • In July 2020, Analog Devices and Maxim Integrated entered into an agreement under which Analog Devices will acquire Maxim Integrated in an all-stock transaction. This acquisition would strengthen Analog Devices as a leader in analog semiconductors.
  • In February 2020, Texas Instruments expanded its temperature sensors portfolio by launching linear thermistors that deliver almost 50% higher accuracy than negative temperature coefficient sensors. These sensors provide accurate temperature sensing even in tough conditions.
  • In March 2019, STMicroelectronics developed water-resistant MEMS pressure sensors that can be used for wearable devices. These sensors can be used for monitoring applications and in fitness trackers and other industrial sensing applications.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 30)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 MEDICAL SENSORS MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 INCLUSIONS AND EXCLUSIONS
                    TABLE 1 MEDICAL SENSORS MARKET: INCLUSIONS AND EXCLUSIONS
           1.3.4 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 SUMMARY OF CHANGES
    1.7 STAKEHOLDERS

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 List of major secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews with experts
                    2.1.2.2 List of key primary participants
                    2.1.2.3 Breakdown of primaries
                    2.1.2.4 Key data from primary sources
           2.1.3 SECONDARY AND PRIMARY RESEARCH
                    2.1.3.1 Key industry insights
    2.2 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 3 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 4 TOP-DOWN APPROACH
           2.2.3 MEDICAL SENSORS MARKET SIZE ESTIMATION: DEMAND-SIDE ANALYSIS
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: DEMAND-SIDE ANALYSIS
           2.2.4 MEDICAL SENSORS MARKET SIZE ESTIMATION: SUPPLY-SIDE ANALYSIS
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
           2.2.5 ASSUMPTIONS FOR GROWTH FORECAST
                    TABLE 2 ASSUMPTIONS
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 7 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
    2.5 RISK ASSESSMENT
           TABLE 3 RISK ASSESSMENT : MEDICAL SENSORS MARKET

3 EXECUTIVE SUMMARY (Page No. - 51)
    3.1 POST-COVID-19: REALISTIC SCENARIO
    3.2 POST-COVID-19: OPTIMISTIC SCENARIO
    3.3 POST-COVID-19: PESSIMISTIC SCENARIO
           FIGURE 8 PRE-AND POST-COVID-19 SCENARIO ANALYSIS FOR MEDICAL SENSORS MARKET, 2017–2026 (USD MILLION)
           FIGURE 9 MEDICAL SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION)
           FIGURE 10 FLOW SENSORS TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD
           FIGURE 11 PATIENT MONITORING DEVICES TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD
           FIGURE 12 NONINVASIVE MEDICAL PROCEDURE TO HOLD LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD
           FIGURE 13 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET IN 2020

4 PREMIUM INSIGHTS (Page No. - 57)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN MEDICAL SENSORS MARKET
           FIGURE 14 INCREASING ADOPTION OF IOT-BASED MEDICAL DEVICES TO DRIVE GROWTH OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD
    4.2 MEDICAL SENSORS MARKET IN EUROPE, BY MEDICAL PROCEDURE AND COUNTRY, 2020
           FIGURE 15 NONINVASIVE MEDICAL PROCEDURE AND GERMANY HELD LARGEST SHARE OF MEDICAL SENSORS MARKET IN EUROPE IN 2020
    4.3 MEDICAL SENSORS MARKET, BY MEDICAL DEVICE CLASSIFICATION
           FIGURE 16 CLASS II MEDICAL DEVICES TO HOLD LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD
    4.4 MEDICAL SENSORS MARKET, BY END-USE PRODUCT
           FIGURE 17 PATIENT MONITORING DEVICES TO HOLD LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD
    4.5 MEDICAL SENSORS MARKET, BY SENSOR TYPE
           FIGURE 18 FLOW SENSORS TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD
    4.6 MEDICAL SENSORS MARKET, BY MEDICAL PROCEDURE
           FIGURE 19 NONINVASIVE MEDICAL PROCEDURE TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD
    4.7 MEDICAL SENSORS MARKET, BY REGION
           FIGURE 20 NORTH AMERICA TO HOLD LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 61)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 21 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
                               FIGURE 22 COMPARISON OF GLOBAL AND REGIONAL ELDERLY POPULATION AGED 60 YEARS AND ABOVE FOR 2017, 2030, AND 2050
                    5.2.1.3 Rising demand for wearable medical devices
                    5.2.1.4 Surging adoption of IoT-based medical devices
                               FIGURE 23 SHIPMENT DATA FOR IOT-BASED MEDICAL DEVICES, 2015–2020
                    5.2.1.5 Burgeoning expenditure on healthcare
                               FIGURE 24 HEALTHCARE EXPENDITURE AS A PERCENTAGE OF GDP FOR 1995, 2005, 2014, AND 2024
                    5.2.1.6 Accelerating demand for ventilators due to COVID–19
                               FIGURE 25 IMPACT ANALYSIS OF DRIVERS FOR 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 26 IMPACT ANALYSIS OF RESTRAINTS FOR 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 Collaborations among key market players to develop healthcare solutions
                    5.2.3.4 Increased adoption of surgical robots
                               FIGURE 27 IMPACT ANALYSIS OF OPPORTUNITIES FOR 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 28 IMPACT ANALYSIS OF CHALLENGES FOR MEDICAL SENSORS MARKET

6 INDUSTRY TRENDS (Page No. - 71)
    6.1 INTRODUCTION
    6.2 VALUE CHAIN ANALYSIS
           FIGURE 29 MEDICAL SENSORS MARKET: VALUE CHAIN ANALYSIS
           TABLE 4 MEDICAL SENSORS MARKET: SUPPLY CHAIN ANALYSIS
    6.3 PRICING ANALYSIS: AVERAGE SELLING PRICE TRENDS
           FIGURE 30 AVERAGE SELLING PRICE (ASP) OF MEDICAL SENSORS, BY SENSOR TYPE (USD), 2017–2026
           TABLE 5 AVERAGE SELLING PRICE (ASP) OF MEDICAL SENSORS, BY SENSOR TYPE, 2017–2020 (USD)
           TABLE 6 AVERAGE SELLING PRICE (ASP) OF MEDICAL SENSORS, BY SENSOR TYPE, 2021–2026 (USD)
           TABLE 7 MEDICAL SENSORS MARKET: AVERAGE SELLING PRICE (ASP) OF IMAGE SENSORS FOR IMAGING DEVICES, 2020 VS. 2026
    6.4 LIST OF KEY PATENTS AND INNOVATIONS
           FIGURE 31 NUMBER OF PATENTS FOR MEDICAL SENSORS, 2010–2020
           FIGURE 32 APPLICANT-WISE ANALYSIS OF PATENTS FILED BY PLAYERS FOR MEDICAL SENSORS, 2018–2021
           FIGURE 33 REGION-WISE ANALYSIS OF PATENTS FILED BY APPLICANTS FOR MEDICAL SENSORS, 2018–2021
           TABLE 8 TOP 20 PATENT OWNERS FOR MEDICAL SENSORS, 2010-2020
           TABLE 9 KEY PATENTS AND INNOVATIONS IN MEDICAL SENSORS MARKET, 2018–2021
    6.5 KEY TECHNOLOGY TRENDS
           6.5.1 SURGICAL ROBOTS
           6.5.2 IOT-BASED MEDICAL DEVICES
           6.5.3 AI-BASED MEDICAL DEVICES
    6.6 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 34 MEDICAL SENSORS MARKET: INTENSITY OF COMPETITIVE RIVALRY IS HIGH
           FIGURE 35 IMPACT OF PORTER’S FIVE FORCES ON MEDICAL SENSORS MARKET
           TABLE 10 MEDICAL SENSORS MARKET: PORTER’S FIVE FORCES ANALYSIS
           6.6.1 THREAT OF NEW ENTRANTS
           6.6.2 THREAT OF SUBSTITUTES
           6.6.3 BARGAINING POWER OF SUPPLIERS
           6.6.4 BARGAINING POWER OF BUYERS
           6.6.5 INTENSITY OF COMPETITIVE RIVALRY
    6.7 CASE STUDIES
           6.7.1 POCKET-SIZED CPR DEVICE
           TABLE 11 ZOLL MEDICAL DEVELOPED PALM-SIZED CPR DEVICE USING MOTION SENSORS BY ANALOG DEVICES
           6.7.2 TEMPERATURE SENSORS FOR MEDICAL USE
           TABLE 12 PEAK SENSORS OFFERED ERROR-FREE TEMPERATURE SENSORS TO AN INTERNATIONAL MEDICAL COMPANY
           6.7.3 OPTICAL SENSOR FOR MEDICAL MONITORING
           TABLE 13 PROMET OPTICS DEVELOPED A FLEXIBLE OPTICAL SENSING SOLUTION FOR AN INTERNATIONAL MEDICAL DEVICES CORPORATION
    6.8 TRADE DATA
           TABLE 14 EXPORTS DATA FOR APPARATUS BASED ON USE OF X-RAYS UNDER HS CODE: 9022, 2016–2020 (USD MILLION)
           FIGURE 36 EXPORTS DATA FOR APPARATUS BASED ON USE OF X-RAYS FOR MAJOR COUNTRIES, 2016–2020 (USD MILLION)
           TABLE 15 IMPORTS DATA FOR APPARATUS BASED ON USE OF X-RAYS UNDER HS CODE: 9022, 2016–2020 (USD MILLION)
           FIGURE 37 IMPORTS DATA FOR APPARATUS BASED ON USE OF X-RAYS FOR MAJOR COUNTRIES, 2016–2020 (USD MILLION)
           TABLE 16 EXPORTS DATA FOR MAGNETIC RESONANCE IMAGING APPARATUS UNDER HS CODE: 901813, 2015–2019 (USD MILLION)
           FIGURE 38 EXPORTS DATA FOR MAGNETIC RESONANCE IMAGING APPARATUS FOR MAJOR COUNTRIES, 2015–2019 (USD MILLION
           TABLE 17 IMPORTS DATA FOR MAGNETIC RESONANCE IMAGING APPARATUS UNDER HS CODE: 901813, 2015–2019 (USD MILLION)
           FIGURE 39 IMPORT DATA FOR MAGNETIC RESONANCE IMAGING APPARATUS FOR MAJOR COUNTRIES, 2015–2019
    6.9 REGULATORY ENVIRONMENT
           6.9.1 INDIA
           6.9.2 US
    6.10 MEDICAL SENSORS MARKET ECOSYSTEM
           FIGURE 40 ECOSYSTEM OF MEDICAL SENSORS MARKET
    6.11 TRENDS /DISRUPTIONS IMPACTING BUSINESSES OF CUSTOMERS
           FIGURE 41 REVENUE SHIFT FOR MEDICAL SENSORS MARKET

7 MEDICAL SENSORS MARKET, BY SENSOR TYPE (Page No. - 91)
    7.1 INTRODUCTION
           TABLE 18 MEDICAL SENSORS MARKET, BY SENSOR TYPE, 2017–2020 (USD MILLION)
           FIGURE 42 FLOW SENSORS TO ACCOUNT FOR LARGEST OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD
           TABLE 19 MEDICAL SENSORS MARKET, BY SENSOR TYPE, 2021–2026 (USD MILLION)
           TABLE 20 MEDICAL SENSORS MARKET, BY SENSOR TYPE, 2017–2020 (MILLION UNITS)
           TABLE 21 MEDICAL SENSORS MARKET, BY SENSOR TYPE, 2021–2026 (MILLION UNITS)
    7.2 TEMPERATURE SENSORS
           7.2.1 INCREASED ADOPTION OF TEMPERATURE SENSORS FOR IMAGING DEVICES, PATIENT MONITORING DEVICES, AND MEDICAL IMPLANTABLE DEVICES IS DRIVING THIS SEGMENT
                    TABLE 22 TEMPERATURE SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 23 TEMPERATURE SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION)
    7.3 PRESSURE SENSORS
           7.3.1 ADVANCED PRESSURE SENSING TECHNOLOGIES USED IN MEDICAL DEVICES ENHANCE PATIENT CARE AND REDUCE COSTS
                    TABLE 24 PRESSURE SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 25 PRESSURE SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION)
    7.4 BLOOD GLUCOSE SENSORS
           7.4.1 INCREASING NUMBER OF PEOPLE HAVING DIABETES, HEART-RELATED DISEASES, AND KIDNEY PROBLEMS IS DRIVING GROWTH OF BLOOD GLUCOSE SENSORS
                    TABLE 26 BLOOD GLUCOSE SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    FIGURE 43 AMERICAS TO ACCOUNT FOR LARGEST SHARE OF BLOOD GLUCOSE SENSORS MARKET DURING FORECAST PERIOD
                    TABLE 27 BLOOD GLUCOSE SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION)
    7.5 BLOOD OXYGEN SENSORS
           7.5.1 INCREASING DEMAND FOR PULSE OXIMETERS, RESPIRATORY DEVICES, AND ANESTHESIA MONITORS IS EXPECTED TO DRIVE BLOOD OXYGEN SENSORS MARKET
                    TABLE 28 BLOOD OXYGEN SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 29 BLOOD OXYGEN SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION)
    7.6 ELECTROCARDIOGRAM (ECG) SENSORS
           7.6.1 DEVELOPMENT OF ADVANCED PRODUCTS FOR MONITORING CARDIAC ACTIVITY IS DRIVING ECG SENSORS MARKET
                    TABLE 30 ECG SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 31 ECG SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION)
    7.7 IMAGE SENSORS
           7.7.1 INCREASING DEMAND FOR IMAGING DEVICES IS DRIVING GROWTH OF IMAGE SENSORS MARKET
                    TABLE 32 IMAGE SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    FIGURE 44 IMAGE SENSORS MARKET IN ROW TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 33 IMAGE SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION)
    7.8 MOTION SENSORS
           7.8.1 INCREASED ADOPTION OF MEMS SENSORS FOR SURGICAL NAVIGATION SYSTEMS IS DRIVING GROWTH OF MOTION SENSORS
                    TABLE 34 MOTION SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 35 MOTION SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION)
    7.9 HEART RATE SENSORS
           7.9.1 RISING ADOPTION OF HEART RATE SENSORS IN PERSONAL ACTIVITY MONITORS WOULD DRIVE HEART RATE SENSORS MARKET
                    TABLE 36 HEART RATE SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 37 HEART RATE SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION)
    7.10 FLOW SENSORS
           7.10.1 SURGING DEMAND FOR VENTILATORS AND RESPIRATORY DEVICES DUE TO COVID–19 HAS BOOSTED GROWTH OF FLOW SENSORS MARKET
                    TABLE 38 FLOW SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 39 FLOW SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 40 FLOW SENSORS MARKET, BY SENSOR TYPE, 2017–2020 (USD MILLION)
                    FIGURE 45 VENTILATOR SENSORS TO ACCOUNT FOR LARGEST SHARE OF FLOW SENSORS MARKET DURING FORECAST PERIOD
                    TABLE 41 FLOW SENSORS MARKET, BY SENSOR TYPE, 2021–2026 (USD MILLION)
                    TABLE 42 VENTILATOR SENSORS MARKET, BY SENSOR TYPE, 2017–2020 (USD MILLION)
                    TABLE 43 VENTILATOR SENSORS MARKET, BY SENSOR TYPE, 2021–2026 (USD MILLION)
    7.11 INGESTIBLE SENSORS
           7.11.1 EMERGENCE OF ADVANCED DIAGNOSTIC IMAGING TECHNOLOGIES IS DRIVING GROWTH OF INGESTIBLE SENSORS
                    TABLE 44 INGESTIBLE SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 45 INGESTIBLE SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION)
    7.12 TOUCH SENSORS
           7.12.1 RISING DEMAND FOR DEVICES EQUIPPED WITH TOUCHSCREEN TECHNOLOGY IS DRIVING TOUCH SENSORS MARKET
                    TABLE 46 TOUCH SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 47 TOUCH SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION)
    7.13 PIEZO FILM SENSORS
           7.13.1 RISING NUMBER OF SLEEP APNEA CASES IS EXPECTED TO DRIVE PIEZO FILM SENSORS MARKET
                    TABLE 48 PIEZO FILM SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 49 PIEZO FILM SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION)
    7.14 POSITION SENSORS
           7.14.1 RISING DEMAND FOR IMAGING DEVICES IS EXPECTED TO BOOST POSITION SENSORS MARKET
                    TABLE 50 POSITION SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    FIGURE 46 AMERICAS TO ACCOUNT FOR LARGEST SHARE OF POSITION SENSORS MARKET DURING FORECAST PERIOD
                    TABLE 51 POSITION SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION)

8 MEDICAL SENSORS MARKET, BY MEDICAL PROCEDURE (Page No. - 115)
    8.1 INTRODUCTION
           TABLE 52 MEDICAL SENSORS MARKET, BY MEDICAL PROCEDURE, 2017–2020 (USD MILLION)
           FIGURE 47 MEDICAL SENSORS MARKET FOR NONINVASIVE PROCEDURE TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
           TABLE 53 MEDICAL SENSORS MARKET, BY MEDICAL PROCEDURE, 2021–2026 (USD MILLION)
    8.2 NONINVASIVE MEDICAL PROCEDURES
           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
                    TABLE 54 MEDICAL SENSORS MARKET FOR NONINVASIVE MEDICAL PROCEDURES, BY REGION, 2017–2020 (USD MILLION)
                    FIGURE 48 AMERICAS TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET FOR NONINVASIVE MEDICAL PROCEDURES DURING FORECAST PERIOD
                    TABLE 55 MEDICAL SENSORS MARKET FOR NONINVASIVE MEDICAL PROCEDURES, BY REGION, 2021–2026 (USD MILLION)
    8.3 MINIMALLY INVASIVE MEDICAL PROCEDURES
           8.3.1 INCREASING EXPENDITURE ON HEALTHCARE IS EXPECTED TO DRIVE MEDICAL SENSORS MARKET FOR MINIMALLY INVASIVE PROCEDURES
                    TABLE 56 MEDICAL SENSORS MARKET FOR MINIMALLY INVASIVE MEDICAL PROCEDURES, BY REGION, 2017–2020 (USD MILLION)
                    FIGURE 49 AMERICAS TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET FOR MINIMALLY INVASIVE MEDICAL PROCEDURES DURING FORECAST PERIOD
                    TABLE 57 MEDICAL SENSORS MARKET FOR MINIMALLY INVASIVE MEDICAL PROCEDURES, BY REGION, 2021–2026 (USD MILLION)
    8.4 INVASIVE MEDICAL PROCEDURES
           8.4.1 INCREASED ADOPTION OF IMPLANTABLE DEVICES AND ADVENT OF IOMT ARE EXPECTED TO BOOST MEDICAL SENSORS MARKET FOR INVASIVE PROCEDURES
                    TABLE 58 MEDICAL SENSORS MARKET FOR INVASIVE MEDICAL PROCEDURES, BY REGION, 2017–2020 (USD MILLION)
                    FIGURE 50 MEDICAL SENSORS MARKET FOR INVASIVE MEDICAL PROCEDURES TO REGISTER HIGHEST GROWTH IN APAC DURING FORECAST PERIOD
                    TABLE 59 MEDICAL SENSORS MARKET FOR INVASIVE MEDICAL PROCEDURES, BY REGION, 2021–2026 (USD MILLION)

9 MEDICAL SENSORS MARKET, BY END-USE PRODUCT (Page No. - 122)
    9.1 INTRODUCTION
           TABLE 60 MEDICAL SENSORS MARKET, BY END-USE PRODUCT, 2017–2020 (USD MILLION)
           FIGURE 51 PATIENT MONITORING DEVICES TO ACCOUNT FOR LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD
           TABLE 61 MEDICAL SENSORS MARKET, BY END-USE PRODUCT, 2021–2026 (USD MILLION)
    9.2 DIAGNOSTIC IMAGING DEVICES
           9.2.1 RISING DEMAND FOR IMPROVED DIAGNOSIS IS EXPECTED TO DRIVE MEDICAL SENSORS MARKET FOR DIAGNOSTIC IMAGING DEVICES
                    TABLE 62 MEDICAL SENSORS MARKET FOR DIAGNOSTIC IMAGING DEVICES, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 63 MEDICAL SENSORS MARKET FOR DIAGNOSTIC IMAGING DEVICES, BY REGION, 2021–2026 (USD MILLION)
    9.3 PATIENT MONITORING DEVICES
           9.3.1 INCREASING DEMAND FOR PORTABLE MEDICAL DEVICES TO BOOST MARKET GROWTH FOR PATIENT MONITORING DEVICES
                    TABLE 64 MEDICAL SENSORS MARKET FOR PATIENT MONITORING DEVICES, BY REGION, 2017–2020 (USD MILLION)
                    FIGURE 52 AMERICAS TO HOLD LARGEST SHARE OF MEDICAL SENSORS MARKET FOR PATIENT MONITORING DEVICES DURING FORECAST PERIOD
                    TABLE 65 MEDICAL SENSORS MARKET FOR PATIENT MONITORING DEVICES, BY REGION, 2021–2026 (USD MILLION)
    9.4 MEDICAL IMPLANTABLE DEVICES
           9.4.1 INCREASING CASES OF CARDIAC AND NEUROLOGICAL DISORDERS ARE EXPECTED TO DRIVE MEDICAL SENSORS MARKET FOR MEDICAL IMPLANTABLE DEVICES
                    TABLE 66 MEDICAL SENSORS MARKET FOR IMPLANTABLE DEVICES, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 67 MEDICAL SENSORS MARKET FOR IMPLANTABLE DEVICES, BY REGION, 2021–2026 (USD MILLION)
    9.5 OTHERS
           9.5.1 SURGE IN DEMAND FOR VENTILATORS IS EXPECTED TO DRIVE GROWTH OF OTHERS SEGMENT
                    TABLE 68 MEDICAL SENSORS MARKET FOR OTHER END-USE PRODUCTS, BY REGION, 2017–2020 (USD MILLION)
                    FIGURE 53 MEDICAL SENSORS MARKET FOR OTHERS SEGMENT TO REGISTER HIGHEST GROWTH IN APAC DURING FORECAST PERIOD
                    TABLE 69 MEDICAL SENSORS MARKET FOR OTHER END-USE PRODUCTS, BY REGION, 2021–2026 (USD MILLION)

10 MEDICAL SENSORS MARKET, BY MEDICAL DEVICE CLASSIFICATION (Page No. - 132)
     10.1 INTRODUCTION
             TABLE 70 MEDICAL SENSORS MARKET, BY MEDICAL DEVICE CLASSIFICATION, 2017–2020 (USD MILLION)
             FIGURE 54 MEDICAL SENSORS MARKET FOR CLASS II DEVICES TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD
             TABLE 71 MEDICAL SENSORS MARKET, BY MEDICAL DEVICE CLASSIFICATION, 2021–2026 (USD MILLION)
             TABLE 72 DISTRIBUTION OF SENSORS IN CLASS I, CLASS II, AND CLASS III MEDICAL DEVICES ACCORDING TO FDA GUIDELINES FOR CLASSIFICATION OF MEDICAL DEVICES
     10.2 CLASS I
     10.3 CLASS II
     10.4 CLASS III

11 MEDICAL SENSORS MARKET, BY MEDICAL FACILITY (Page No. - 136)
     11.1 INTRODUCTION
             TABLE 73 MEDICAL SENSORS MARKET, BY MEDICAL FACILITY, 2017–2020 (USD MILLION)
             FIGURE 55 HOSPITALS & CLINICS SEGMENT TO HOLD LARGEST SHARE OF MEDICAL SENSORS MARKET DURING FORECAST PERIOD
             TABLE 74 MEDICAL SENSORS MARKET, BY MEDICAL FACILITY, 2021–2026 (USD MILLION)
     11.2 HOSPITALS & CLINICS
             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
                        TABLE 75 MEDICAL SENSORS MARKET FOR HOSPITALS & CLINICS, BY REGION, 2017–2020 (USD MILLION)
                        FIGURE 56 MEDICAL SENSORS MARKET FOR HOSPITALS & CLINICS TO REGISTER HIGHEST CAGR IN APAC DURING FORECAST PERIOD
                        TABLE 76 MEDICAL SENSORS MARKET FOR HOSPITALS & CLINICS, BY REGION, 2021–2026 (USD MILLION)
     11.3 NURSING HOMES, ASSISTED LIVING FACILITIES, LONG-TERM CARE CENTERS, AND HOME CARE SETTINGS
             11.3.1 RISING NUMBER OF PEOPLE SUFFERING FROM CHRONIC DISEASES IS EXPECTED TO ENHANCE ADOPTION OF MEDICAL SENSORS IN THESE FACILITIES
                        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)
                        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
                        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)
     11.4 OTHERS
             11.4.1 RISING NUMBER OF PRIVATE IMAGING CENTERS IS EXPECTED TO DRIVE GROWTH OF OTHERS SEGMENT
                        TABLE 79 MEDICAL SENSORS MARKET FOR OTHER MEDICAL FACILITIES, BY REGION, 2017–2020 (USD MILLION)
                        FIGURE 58 MEDICAL SENSORS MARKET FOR OTHER MEDICAL FACILITIES TO REGISTER HIGHEST CAGR IN APAC DURING FORECAST PERIOD
                        TABLE 80 MEDICAL SENSORS MARKET FOR OTHER MEDICAL FACILITIES, BY REGION, 2021–2026 (USD MILLION)

12 GEOGRAPHIC ANALYSIS (Page No. - 144)
     12.1 INTRODUCTION
             FIGURE 59 MEDICAL SENSORS MARKET IN ARGENTINA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
             TABLE 81 MEDICAL SENSORS MARKET, BY REGION, 2017–2020 (USD MILLION)
             TABLE 82 MEDICAL SENSORS MARKET, BY REGION, 2021–2026 (USD MILLION)
     12.2 AMERICAS
             TABLE 83 MEDICAL SENSORS MARKET IN AMERICAS, BY REGION, 2017–2020 (USD MILLION)
             TABLE 84 MEDICAL SENSORS MARKET IN AMERICAS, BY REGION, 2021–2026 (USD MILLION)
             TABLE 85 MEDICAL SENSORS MARKET IN AMERICAS, BY SENSOR TYPE, 2017–2020 (USD MILLION)
             TABLE 86 MEDICAL SENSORS MARKET IN AMERICAS, BY SENSOR TYPE, 2021–2026 (USD MILLION)
             TABLE 87 MEDICAL SENSORS MARKET IN AMERICAS, BY END-USE PRODUCT, 2017–2020 (USD MILLION)
             TABLE 88 MEDICAL SENSORS MARKET IN AMERICAS, BY END-USE PRODUCT, 2021–2026 (USD MILLION)
             TABLE 89 MEDICAL SENSORS MARKET IN AMERICAS, BY MEDICAL FACILITY, 2017–2020 (USD MILLION)
             TABLE 90 MEDICAL SENSORS MARKET IN AMERICAS, BY MEDICAL FACILITY, 2021–2026 (USD MILLION)
             12.2.1 IMPACT OF COVID–19 ON MEDICAL SENSORS MARKET IN AMERICAS
             12.2.2 NORTH AMERICA
                        FIGURE 60 SNAPSHOT OF MEDICAL SENSORS MARKET IN NORTH AMERICA
                        TABLE 91 MEDICAL SENSORS MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 92 MEDICAL SENSORS MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
                        TABLE 93 MEDICAL SENSORS MARKET IN NORTH AMERICA, BY END-USE PRODUCT, 2017–2020 (USD MILLION)
                        TABLE 94 MEDICAL SENSORS MARKET IN NORTH AMERICA, BY END-USE PRODUCT, 2021–2026 (USD MILLION)
                        TABLE 95 MEDICAL SENSORS MARKET IN NORTH AMERICA, BY MEDICAL FACILITY, 2017–2020 (USD MILLION)
                        TABLE 96 MEDICAL SENSORS MARKET IN NORTH AMERICA, BY MEDICAL FACILITY, 2021–2026 (USD MILLION)
                        12.2.2.1 US
                                     12.2.2.1.1 Growing elderly population and rising adoption of advanced medical devices to drive market growth in US
                        12.2.2.2 Canada
                                     12.2.2.2.1 Imports account for significant share of medical sensors market in Canada
                        12.2.2.3 Mexico
                                     12.2.2.3.1 Government initiatives related to healthcare are expected to drive market growth in Mexico
             12.2.3 SOUTH AMERICA
                        FIGURE 61 SNAPSHOT OF MEDICAL SENSORS MARKET IN SOUTH AMERICA
                        TABLE 97 MEDICAL SENSORS MARKET IN SOUTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 98 MEDICAL SENSORS MARKET IN SOUTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
                        TABLE 99 MEDICAL SENSORS MARKET IN SOUTH AMERICA, BY END-USE PRODUCT, 2017–2020 (USD MILLION)
                        TABLE 100 MEDICAL SENSORS MARKET IN SOUTH AMERICA, BY END-USE PRODUCT, 2021–2026 (USD MILLION)
                        TABLE 101 MEDICAL SENSORS MARKET IN SOUTH AMERICA, BY MEDICAL FACILITY, 2017–2020 (USD MILLION)
                        TABLE 102 MEDICAL SENSORS MARKET IN SOUTH AMERICA, BY MEDICAL FACILITY, 2021–2026 (USD MILLION)
                        12.2.3.1 Brazil
                                     12.2.3.1.1 Healthcare initiatives are driving market growth in Brazil
                        12.2.3.2 Argentina
                                     12.2.3.2.1 Increased in healthcare expenditure to drive market growth in Argentina
                        12.2.3.3 Rest of South America
     12.3 EUROPE
             FIGURE 62 SNAPSHOT OF MEDICAL SENSORS MARKET IN EUROPE
             TABLE 103 MEDICAL SENSORS MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 104 MEDICAL SENSORS MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
             TABLE 105 MEDICAL SENSORS MARKET IN EUROPE, BY SENSOR TYPE, 2017–2020 (USD MILLION)
             TABLE 106 MEDICAL SENSORS MARKET IN EUROPE, BY SENSOR TYPE, 2021–2026 (USD MILLION)
             TABLE 107 MEDICAL SENSORS MARKET IN EUROPE, BY END-USE PRODUCT, 2017–2020 (USD MILLION)
             TABLE 108 MEDICAL SENSORS MARKET IN EUROPE, BY END-USE PRODUCT, 2021–2026 (USD MILLION)
             TABLE 109 MEDICAL SENSORS MARKET IN EUROPE, BY MEDICAL FACILITY, 2017–2020 (USD MILLION)
             TABLE 110 MEDICAL SENSORS MARKET IN EUROPE, BY MEDICAL FACILITY, 2021–2026 (USD MILLION)
             12.3.1 IMPACT OF COVID–19 ON MEDICAL SENSORS MARKET IN EUROPE
             12.3.2 GERMANY
                        12.3.2.1 Digitization, improved connectivity, and healthcare funding are driving market growth in Germany
             12.3.3 UK
                        12.3.3.1 Increasing per capita expenditure on healthcare is expected to boost market growth in UK
             12.3.4 FRANCE
                        12.3.4.1 Growing expenditure on healthcare is expected to drive market growth in France
             12.3.5 ITALY
                        12.3.5.1 Presence of several local manufacturers is expected to boost market growth in Italy
             12.3.6 SPAIN
                        12.3.6.1 Presence of small and medium-sized companies is expected to propel market growth in Spain
             12.3.7 REST OF EUROPE
     12.4 ASIA PACIFIC
             FIGURE 63 SNAPSHOT OF MEDICAL SENSORS MARKET IN APAC
             TABLE 111 MEDICAL SENSORS MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 112 MEDICAL SENSORS MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
             TABLE 113 MEDICAL SENSORS MARKET IN APAC, BY SENSOR TYPE, 2017–2020 (USD MILLION)
             TABLE 114 MEDICAL SENSORS MARKET IN APAC, BY SENSOR TYPE, 2021–2026 (USD MILLION)
             TABLE 115 MEDICAL SENSORS MARKET IN APAC, BY END-USE PRODUCT, 2017–2020 (USD MILLION)
             TABLE 116 MEDICAL SENSORS MARKET IN APAC, BY END-USE PRODUCT, 2021–2026 (USD MILLION)
             TABLE 117 MEDICAL SENSORS MARKET IN APAC, BY MEDICAL FACILITY, 2017–2020 (USD MILLION)
             TABLE 118 MEDICAL SENSORS MARKET IN APAC, BY MEDICAL FACILITY, 2021–2026 (USD MILLION)
             12.4.1 IMPACT OF COVID–19 ON MEDICAL SENSORS MARKET IN APAC
             12.4.2 CHINA
                        12.4.2.1 Surging adoption of advanced technologies in healthcare is expected to drive market growth in China
             12.4.3 JAPAN
                        12.4.3.1 Rapidly growing elderly population is expected to boost market growth in Japan
             12.4.4 SOUTH KOREA
                        12.4.4.1 Imports are estimated to account for largest market share in South Korea 
             12.4.5 INDIA
                        12.4.5.1 Growth in medical tourism is expected to drive market in India
             12.4.6 REST OF APAC
     12.5 REST OF THE WORLD (ROW)
             TABLE 119 MEDICAL SENSORS MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
             TABLE 120 MEDICAL SENSORS MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
             TABLE 121 MEDICAL SENSORS MARKET IN ROW, BY SENSOR TYPE, 2017–2020 (USD MILLION)
             TABLE 122 MEDICAL SENSORS MARKET IN ROW, BY SENSOR TYPE, 2021–2026 (USD MILLION)
             TABLE 123 MEDICAL SENSORS MARKET IN ROW, BY END-USE PRODUCT, 2017–2020 (USD MILLION)
             TABLE 124 MEDICAL SENSORS MARKET IN ROW, BY END-USE PRODUCT, 2021–2026 (USD MILLION)
             TABLE 125 MEDICAL SENSORS MARKET IN ROW, BY MEDICAL FACILITY, 2017–2020 (USD MILLION)
             TABLE 126 MEDICAL SENSORS MARKET IN ROW, BY MEDICAL FACILITY, 2021–2026 (USD MILLION)
             12.5.1 MIDDLE EAST
                        12.5.1.1 Focus on improving medical infrastructure is expected to propel market growth in Middle East
             12.5.2 AFRICA
                        12.5.2.1 Increased focus on improving healthcare sector is expected to drive market growth in Africa

13 COMPETITIVE LANDSCAPE (Page No. - 176)
     13.1 INTRODUCTION
             FIGURE 64 COMPANIES ADOPTED PRODUCT LAUNCHES AS KEY GROWTH STRATEGY FROM 2017–2020
     13.2 MARKET SHARE ANALYSIS
             TABLE 127 MARKET SHARE ANALYSIS OF KEY COMPANIES IN MEDICAL SENSORS MARKET, 2020
     13.3 MARKET EVALUATION FRAMEWORK
             FIGURE 65 MEDICAL SENSORS MARKET EVALUATION FRAMEWORK
     13.4 HISTORICAL REVENUE ANALYSIS, 2016–2020
             FIGURE 66 HISTORICAL REVENUE ANALYSIS OF MAJOR COMPANIES IN MEDICAL SENSORS MARKET, 2016–2020 (USD BILLION)
     13.5 COMPANY EVALUATION QUADRANT
             13.5.1 STAR
             13.5.2 EMERGING LEADER
             13.5.3 PERVASIVE
             13.5.4 PARTICIPANT
                        FIGURE 67 MEDICAL SENSORS MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2020
     13.6 STARTUP/SME EVALUATION MATRIX
             13.6.1 PROGRESSIVE COMPANY
             13.6.2 RESPONSIVE COMPANY
             13.6.3 DYNAMIC COMPANY
             13.6.4 STARTING BLOCK
                        FIGURE 68 MEDICAL SENSORS MARKET (GLOBAL): STARTUP/SME EVALUATION MATRIX, 2020
                        TABLE 128 COMPANY PRODUCT FOOTPRINT
                        TABLE 129 COMPANY APPLICATION FOOTPRINT
                        TABLE 130 COMPANY END-USE PRODUCT FOOTPRINT
                        TABLE 131 COMPANY REGION FOOTPRINT
     13.7 COMPETITIVE SCENARIO
             13.7.1 PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 132 MEDICAL SENSORS MARKET: PRODUCT LAUNCHES AND DEVELOPMENTS, 2017–2021
             13.7.2 DEALS
                        TABLE 133 MEDICAL SENSORS MARKET: DEALS (PARTNERSHIPS, AGREEMENTS, COLLABORATIONS, AND MERGERS & ACQUISITIONS), 2017–2021

14 COMPANY PROFILES (Page No. - 201)
     14.1 INTRODUCTION
     14.2 KEY PLAYERS
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View)* 
             14.2.1 TEXAS INSTRUMENTS
                        TABLE 134 TEXAS INSTRUMENTS: COMPANY OVERVIEW
                        FIGURE 69 TEXAS INSTRUMENTS: COMPANY SNAPSHOT
                        TABLE 135 TEXAS INSTRUMENTS: PRODUCT LAUNCHES
             14.2.2 TE CONNECTIVITY
                        TABLE 136 TE CONNECTIVITY: COMPANY OVERVIEW
                        FIGURE 70 TE CONNECTIVITY: COMPANY SNAPSHOT
                        TABLE 137 TE CONNECTIVITY: PRODUCT LAUNCHES
                        TABLE 138 TE CONNECTIVITY: DEALS
             14.2.3 MEDTRONIC
                        TABLE 139 MEDTRONIC: COMPANY OVERVIEW
                        FIGURE 71 MEDTRONIC: COMPANY SNAPSHOT
                        TABLE 140 MEDTRONIC: PRODUCT LAUNCHES
                        TABLE 141 MEDTRONIC: DEALS
                        TABLE 142 MEDTRONIC: OTHERS
             14.2.4 ANALOG DEVICES
                        TABLE 143 ANALOG DEVICES: COMPANY OVERVIEW
                        FIGURE 72 ANALOG DEVICES: COMPANY SNAPSHOT
                        TABLE 144 ANALOG DEVICES: PRODUCT LAUNCHES
                        TABLE 145 ANALOG DEVICES: DEALS
             14.2.5 TEKSCAN
                        TABLE 146 TEKSCAN: COMPANY OVERVIEW
                        TABLE 147 TEKSCAN: PRODUCT LAUNCHES
                        TABLE 148 TEKSCAN: DEALS
             14.2.6 STMICROELECTRONICS
                        TABLE 149 STMICROELECTRONICS: COMPANY OVERVIEW
                        FIGURE 73 STMICROELECTRONICS: COMPANY SNAPSHOT
                        TABLE 150 STMICROELECTRONICS: PRODUCT LAUNCHES
                        TABLE 151 STMICROELECTRONICS: DEALS
             14.2.7 NXP SEMICONDUCTORS
                        TABLE 152 NXP SEMICONDUCTORS: COMPANY OVERVIEW
                        FIGURE 74 NXP SEMICONDUCTORS: COMPANY SNAPSHOT
                        TABLE 153 NXP SEMICONDUCTOR: PRODUCT LAUNCHES
             14.2.8 SENSIRION
                        TABLE 154 SENSIRION: COMPANY OVERVIEW
                        FIGURE 75 SENSIRION: COMPANY SNAPSHOT
                        TABLE 155 SENSIRION: PRODUCT LAUNCHES
                        TABLE 156 SENSIRION: DEALS
             14.2.9 ON SEMICONDUCTOR CORPORATION
                        TABLE 157 ON SEMICONDUCTOR CORPORATION: COMPANY OVERVIEW
                        FIGURE 76 ON SEMICONDUCTOR CORPORATION: COMPANY SNAPSHOT
                        TABLE 158 ON SEMICONDUCTOR CORPORATION: PRODUCT LAUNCHES
                        TABLE 159 ON SEMICONDUCTOR CORPORATION: DEALS
             14.2.10 AMPHENOL CORPORATION
                        TABLE 160 AMPHENOL CORPORATION: COMPANY OVERVIEW
                        FIGURE 77 AMPHENOL CORPORATION: COMPANY SNAPSHOT
                        TABLE 161 AMPHENOL CORPORATION: PRODUCT LAUNCHES
* Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
     14.3 OTHER KEY PLAYERS
             14.3.1 MAXIM INTEGRATED (ACQUIRED BY ANALOG DEVICES)
             14.3.2 AMS
             14.3.3 ABBOTT
             14.3.4 ENVITEC
             14.3.5 CIRTEC MEDICAL CORPORATION (CACTUS SEMICONDUCTOR)
             14.3.6 INNOVATIVE SENSOR TECHNOLOGY IST AG
             14.3.7 KELLER AMERICA (SUBSIDIARY OF KELLER AG DRUCKMESSTECHNIK)
             14.3.8 OMNIVISION TECHNOLOGIES, INC.
             14.3.9 MERIT SENSOR SYSTEMS (SUBSIDIARY OF MERIT MEDICAL SYSTEMS)
             14.3.10 INFINEON
             14.3.11 MASIMO
             14.3.12 STANLEY HEALTHCARE (PART OF STANLEY, BLACK & DECKER)
             14.3.13 VIVALINK
             14.3.14 MICROCHIP TECHNOLOGY INC.
             14.3.15 SIEMENS HEALTHINEERS
             14.3.16 RENESAS ELECTRONICS CORPORATION

15 APPENDIX (Page No. - 252)
     15.1 INSIGHTS FROM INDUSTRY EXPERTS
     15.2 DISCUSSION GUIDE
     15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.4 AVAILABLE CUSTOMIZATIONS
     15.5 RELATED REPORTS
     15.6 AUTHOR DETAILS

The research study involved 4 major activities in estimating the size of the medical sensors market. Exhaustive secondary research has been done to collect important information about the medical sensors market, peer market, and the parent market. The validation of these findings, assumptions, and sizing with industry experts across the value chain with the help of primary research has been the next step. Both top-down and bottom-up approaches have been used to estimate the market size. Post which the market breakdown and data triangulation have been adopted to estimate the market sizes of segments and sub-segments.

Secondary Research

The secondary sources referred for this research study include China Association for Medical Devices Industry (CAMDI), Korea Medical Devices Industry Association (KMDIA), Global Health Observatory Data Repository, World Health Organization (WHO), International Medical Device Manufacturers Association, European Confederation of Medical Devices Associations (EUCOMED), Medical Device Manufacturers Association (MDMA), US Food and Drug Administration (FDA), World Bank and Organisation for Economic Co-operation and Development (OECD).

In the medical sensors market report, the top-down as well as the bottom-up approaches have been used for the estimation of the global market size, along with several other dependent submarkets. The major players in the medical sensors market were identified with the help of extensive secondary research and their presence in the market using secondary and primary research. All the percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Primary Research

Extensive primary research has been conducted after understanding the medical sensors market scenario through secondary research. Several primary interviews have been conducted with key opinion leaders from both demand- and supply-side vendors across 4 major regions— Americas (North America and South America), Europe, Asia Pacific (APAC), and the Rest of the World (Middle East, and Africa). Approximately 25% of the primary interviews have been conducted with the demand-side vendors and 75% with the supply-side vendors. Primary data has been collected mainly through telephonic interviews, which consist of 80% of the total primary interviews; questionnaires and emails have also been used to collect the data.

After successful interaction with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primary research. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the report.

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 engineering 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, as well as that of various other dependent submarkets. The research methodology used to estimate the market sizes includes the following:

  • Initially, MarketsandMarkets focuses on top line investments and spending in the ecosystems. Further, the split by new installations, upgrades of hardware components, and major developments in the key market area have been considered
  • Information related to the revenue generated by key medical sensors manufacturers has been obtained
  • Multiple on-field discussions have been conducted with key opinion leaders from major companies that develop medical sensors and medical devices
  • Geographic splits have been estimated using secondary sources based on various factors, such as the number of players in a specific country and region and the products offered
  • Analyzing the medical sensors market in each country and identifying medical sensor manufacturers in the medical sensors market
  • Estimating the size of the market for medical sensors, in each country
  • Estimating the size of the market in each region by the summation of country-wise markets
  • Tracking the ongoing and upcoming implementation of medical sensors projects by various companies in each region and forecasting the market based on these developments and other critical parameters
  • Arriving at the global market size by the summation of the market size in all regions

Market Size Estimation Methodology-Bottom-up approach

Medical Sensors Market Size, and Bottom-up Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the overall medical sensors market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures have been used, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The medical sensors market size has been validated using both top-down and bottom-up approaches.

The main objectives of this study are as follows:

  • To define, describe, segment, and forecast the medical sensors market by sensor type, end-use product, medical procedure, medical facility, and medical device classification
  • To forecast the market, for various segments with respect to 4 main regions— Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW), in terms of value and volume
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the market growth
  • To study the complete value chain and allied industry segments and perform a value chain analysis of the market
  • To strategically analyze macro and micro markets with respect to growth trends, prospects, and contributions to the overall market
  • To analyze industry trends, pricing data, patents and innovations, and trade data (exports and imports data) related to the market
  • To analyze opportunities for various stakeholders and provide a detailed competitive landscape of the market
  • To profile key players in the market and comprehensively analyze their market share/ranking and core competencies
  • To analyze competitive developments such as contracts, product launches/developments, expansions, and research and development (R&D) activities carried out by market players

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

  • Detailed analysis of various sensors for noninvasive, minimally invasive and invasive medical procedures
  • Country-wise Information:
  • Country-wise breakdown for North America, Europe, Asia Pacific and RoW
  • Detailed analysis of various sensors and other hardware components for each country
  • Company Information:
  • Detailed analysis and profiling of additional market players (up to five)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Medical Sensors Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Medical Sensors Market

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Report Code
SE 1587
Published ON
Jul, 2021
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