The global market for medical device sensors estimated to reach $22.5 billion by 2029, expanding at a CAGR of 4.9% over the forecast period, driven by increasing demand for automation in mobile health technology, and improved low-cost healthcare management worldwide.
- Other factors driving the market growth include higher patient preference for home healthcare devices, increasing incidence of chronic diseases, rapidly growing aging population and rising utilization of medical sensors in wide variety of healthcare applications.
Advanced mobile technology offers healthcare access, affordability, and quality. The healthcare delivery can be improved through mobile health applications, sensors, medical devices, and remote patient monitoring products.
- The medical sensor technologies can help lower costs by facilitating the delivery of care, and connecting people to healthcare providers.
- The applications allow both patients and providers to have access to reference materials, lab tests, and medical records using mobile devices.
- Sensors play an ever more important role in medical technology with the aim of making medical devices even more effective and safer, while simplifying their operation.
- The applications allow both patients and providers to have access to reference materials, lab tests, and medical records using mobile devices.
- Emerging technological innovations enabled by next generation sensors will define the landscape for the future commercialization of life changing medical devices.
- Low cost materials and advances in nano- and/or micro- fabrication techniques within the manufacturing process have led to significant increases in the commercialization of sensors for healthcare applications.
- Sensors can collect the patient data dynamically to stimulate preventive care, diagnostics and also measure treatment results.
- The sensors have been manufactured in different forms and shapes including wearable and implantable wireless devices.
- Sensors can collect the patient data dynamically to stimulate preventive care, diagnostics and also measure treatment results.
- Low cost materials and advances in nano- and/or micro- fabrication techniques within the manufacturing process have led to significant increases in the commercialization of sensors for healthcare applications.
Depending on the requirement various types of sensors are being deployed, include wearables like digital watches, Fitbit, etc. embedded or wear on clothes and accessories, ingestible embedded in pills that got dissolved, blood sampling sensors such as glucose meters, external sensors such as pulse oximeter and blood pressure cuffs, epidermal sensors such as digital tattoos and patches, and tissue embedded sensors such as pacemakers and defibrillators.
- Some of the applications of sensors in medical technology include respiratory devices, sleep diagnostic devices, sleep apnea therapy devices (CPAP), spirometers, anesthetic devices, dialysis machines, infusion pumps, oxygen concentrators, vacuum suction pumps, insufflators, videoscopes, blood sugar measuring devices, pulse oximeters, computer tomography (CT), and gamma probes.
- There are mobile applications that aid in chronic disease management, sensors and remote devices that monitor patient physiology, and electronic libraries that bring the latest knowledge to health providers around the globe.
- The most complicated sensors are implantable, followed by sensors used in catheters (through incision) and sensors used in body cavities, sensors that are external but come in contact with body fluids and sensors for external applications.
- There are mobile applications that aid in chronic disease management, sensors and remote devices that monitor patient physiology, and electronic libraries that bring the latest knowledge to health providers around the globe.
The global medical device sensors market report estimates the market size ($million 2019 to 2029), market share, growth trends, and forecast (CAGR% 2023 to 2029).
The global medical sensors market segmented by product (accelerometers, biosensors, flow (air and fluid) sensors, image sensors, pressure sensors, SQUID sensors, temperature sensors, other sensors), application (diagnostics, imaging, interventional, monitoring applications, surgical applications, therapeutic or treatment applications, others), end user (hospitals, physician offices, nursing home and home healthcare, others), and geography.
- Based on the products, the biosensors segment dominated the total medical sensors market and is expected to grow at the fastest rate during the forecast period.
- The higher sales revenues attributed to wide range of applications and its increasing utilization by diabetic patients worldwide.
- In addition, the need for disposable, portable, and wearable medical devices is boosting demand for biosensors in healthcare applications.
- Wearable biosensors are garnering substantial interest due to their potential to provide continuous, real-time physiological information via dynamic, noninvasive measurements of biochemical markers in biofluids, such as sweat, tears, saliva and interstitial fluid.
- Recent developments have focused on electrochemical and optical biosensors, together with advances in the noninvasive monitoring of biomarkers including metabolites, bacteria and hormones.
- A combination of multiplexed biosensing, microfluidic sampling and transport systems have been integrated, miniaturized and combined with flexible materials for improved wearability and ease of operation.
- Recent developments have focused on electrochemical and optical biosensors, together with advances in the noninvasive monitoring of biomarkers including metabolites, bacteria and hormones.
- The higher sales revenues attributed to wide range of applications and its increasing utilization by diabetic patients worldwide.
- By applications, the surgical segment accounted for the largest market share, owing to increasing use of pressure sensors, image sensors, and biosensors in surgical procedures.
- The new biosensors allow for simultaneous recording and imaging of tissues and organs during surgical procedures.
- For example, simultaneous recording and imaging could be useful during heart surgery in localizing critical regions and guiding surgical interventions such as a procedure for restoring normal heart rhythms
- However, the monitoring application segment anticipated to expand at the fastest CAGR during the forecast period, due to increasing demand for medical sensors used in health monitoring equipment such as blood pressure monitors, respiratory, and sleep apnea devices.
- For example, the continuous noninvasive arterial monitoring with a blood pressure sensor diaphragm using microelectromechanical system technology is a possible alternative to conventional invasive arterial pressure monitoring by an arterial catheter.
- The new biosensors allow for simultaneous recording and imaging of tissues and organs during surgical procedures.
- Among the end users, the hospitals segment held the largest revenue share of total medical device sensors market, owing to its utilization in all areas of medical practices in hospitals from various forms of stimuli into electrical signals to surgery, scans, and diagnosis of patient.
The global medical device sensors market research report is further divided by geography into North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Rest of EU), Asia Pacific (Japan, China, India, Rest of APAC), Latin America (Brazil, Mexico, Rest of LA), and Rest of the World.
- In terms of geography, the North America market dominated the global medical sensors market, followed by the Europe region, driven by increasing incidence rate of chronic diseases in the developed regions.
- On the other hand, the Asia Pacific medical sensors market growth anticipated to expand at the fastest rate throughout the next five years period, owing to growing elderly population and increasing incidence of chronic diseases such as cancer, AIDS, and gastrointestinal diseases in the emerging economies.
The global medical sensors market research report also provides detailed market landscape and profiles of major competitors in the global market including company overview, financial snapshot, key products, technologies and services offered, and recent developments.
Major competitors operating in the global market for medical device sensors and included in this report are Analog Devices, Inc., Broadcom, Inc. (Avago Technologies Ltd.), Danaher Corporation, GE Measurement & Control, Honeywell International, Inc., LORD Corporation (Stellar Technologies, Inc.), Micro-Epsilon Messtechnik, NXP Semiconductors N.V. (Freescale Semiconductor, Inc.), OmniVision Technologies Inc., Sensirion AG, and TE Connectivity Ltd. (Measurement Specialties).
- Product
- Accelerometers
- Biosensors
- Flow (air and fluid) Sensors
- Image Sensors
- Pressure Sensors
- SQUID Sensors
- Temperature Sensors
- Other Sensors
- Application
- Diagnostics
- Imaging
- Interventional
- Monitoring Applications
- Surgical Applications
- Therapeutic or Treatment Applications
- Others
- End User
- Hospitals
- Physician Offices
- Nursing Home and Home Healthcare
- Others
- Geography
- North America (U.S., Canada)
- Europe (U.K., Germany, France, Italy, Spain, Rest of EU)
- Asia Pacific (Japan, China, India, Rest of APAC)
- Latin America (Brazil, Mexico, Rest of LA)
- Rest of the World
- Company Profiles
- Analog Devices, Inc.
- Broadcom, Inc. (Avago Technologies Ltd.)
- Danaher Corporation
- GE Measurement & Control
- Honeywell International, Inc.
- LORD Corporation (Stellar Technologies, Inc.)
- Micro-Epsilon Messtechnik
- NXP Semiconductors N.V. (Freescale Semiconductor, Inc.)
- OmniVision Technologies, Inc.
- Sensirion AG
- TE Connectivity (Measurement Specialties)
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