Market Overview:
The global medical monitoring sensors market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and technological advancements in medical monitoring sensors. Based on type, the global medical monitoring sensors market is segmented into pressure sensor, non-contact temperature sensor, biological sensor, and implantable sensor. The pressure sensor segment is expected to account for the largest share of the global medical monitoring sensors market in 2018. This segment is projected to grow at a CAGR of 7.8% during the forecast period from 2018 to 2030 due to its growing demand for use in home healthcare settings and ambulatory care settings. Based on application, the global medical monitoring sensors market is divided into diagnostic and therapeutic applications.
Product Definition:
Medical monitoring sensors are devices that are used to track and monitor a patient’s health. They can be used to track things such as heart rate, blood pressure, and oxygen levels. This information can help doctors to diagnose problems early and provide treatment before they become more serious.
Pressure Sensor:
Pressure sensor is a device that measures the pressure in liquids and gases. It's major applications are in medical devices, such as blood pressure monitors, asthma inhalers, pulse oximeters (Pulse O2), and CO2 sensors for anesthetic machines. The growth factor of this market is due to increasing demand for home healthcare devices which include respiratory aids like nebulizers & oxygen concentrators along with patient monitoring equipment like blood pressure monitors & heart rate monitors.
Non-contact Temperature Sensor:
Non-contact temperature sensors are used in medical monitoring systems to measure the temperature of a patient without making physical contact with the subject. These sensors are used for taking body temperature, heart rate, and blood pressure readings. The non-contact thermometers can be either self-contained devices or attached to an external device that monitors and displays the data on an LCD screen.
Application Insights:
On the basis of application, the global medical monitoring sensors market has been segmented into diagnostic and therapeutic applications. The diagnostic application segment dominated the overall market in terms of revenue share in 2017. This is attributed to an increase in demand for point-of-care devices that require minimal training to operate and provide accurate results. Furthermore, an increase in government initiatives such as National Cholesterol Education Program (NCEP) guidelines have driven growth for this segment over recent years.
The therapeutic application segment is expected to witness a higher CAGR from 2018 to 2030 owing to increasing adoption of these devices by healthcare professionals for various chronic conditions such as diabetes and high blood pressure levels without requiring any additional equipment or infrastructure at hospitals or clinics.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period owing to increasing government funding for R&D and rising adoption of advanced medical devices. In addition, high incidence of chronic diseases and supportive reimbursement policies are also contributing towards the growth of this regional market.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving healthcare infrastructure, growing target population base, and rising demand for cost-effective & efficient medical products & solutions. Moreover, economic development in countries such as India & China has led these nations to offer better healthcare facilities at a lower price compared with developed nations across the globe; which will further boost revenue generation from this region over next eight years or so till 2030 AD (estimated date).
Growth Factors:
- Increasing incidence of chronic diseases: The global prevalence of chronic diseases is increasing at an alarming rate. This is primarily because of the changing lifestyles and dietary habits of people across the world. According to a study by the World Health Organization (WHO), non-communicable diseases such as heart disease, stroke, cancer, and diabetes accounted for 63% of all deaths in 2012. This number is expected to rise to 73% by 2030. The growing incidence of chronic diseases will create a large demand for medical monitoring sensors that can help in early diagnosis and treatment.
- Advances in sensor technology: Sensor technology is evolving rapidly with new advancements being made every day. This has led to the development of smaller, more sensitive, and smarter sensors that can be used for medical monitoring applications. These sensors are becoming increasingly affordable which is helping them gain wider acceptance among consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Monitoring Sensors Market Research Report
By Type
Pressure Sensor, Non-contact Temperature Sensor, Biological Sensor, Implantable Sensor
By Application
Diagnostic, Therapeutic
By Companies
Teva Pharmaceutical, GE Healthcare, Analog Devices, Medtronic, Philips, Honeywell Healthcare, Nonin, Texas Instruments, Smiths Medical, First Sensor
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Medical Monitoring Sensors Market Report Segments:
The global Medical Monitoring Sensors market is segmented on the basis of:
Types
Pressure Sensor, Non-contact Temperature Sensor, Biological Sensor, Implantable Sensor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Diagnostic, Therapeutic
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Teva Pharmaceutical
- GE Healthcare
- Analog Devices
- Medtronic
- Philips
- Honeywell Healthcare
- Nonin
- Texas Instruments
- Smiths Medical
- First Sensor
Highlights of The Medical Monitoring Sensors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pressure Sensor
- Non-contact Temperature Sensor
- Biological Sensor
- Implantable Sensor
- By Application:
- Diagnostic
- Therapeutic
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Monitoring Sensors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical monitoring sensors are devices that are used to monitor a patient's vital signs, such as heart rate and blood pressure. These sensors can be worn on the body or placed in the environment around the patient.
Some of the major players in the medical monitoring sensors market are Teva Pharmaceutical, GE Healthcare, Analog Devices, Medtronic, Philips, Honeywell Healthcare, Nonin, Texas Instruments, Smiths Medical, First Sensor.
The medical monitoring sensors market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Monitoring Sensors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Monitoring Sensors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Monitoring Sensors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Monitoring Sensors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Monitoring Sensors Market Size & Forecast, 2018-2028
4.5.1 Medical Monitoring Sensors Market Size and Y-o-Y Growth
4.5.2 Medical Monitoring Sensors Market Absolute $ Opportunity
Chapter 5 Global Medical Monitoring Sensors Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medical Monitoring Sensors Market Size Forecast by Type
5.2.1 Pressure Sensor
5.2.2 Non-contact Temperature Sensor
5.2.3 Biological Sensor
5.2.4 Implantable Sensor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Monitoring Sensors Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medical Monitoring Sensors Market Size Forecast by Applications
6.2.1 Diagnostic
6.2.2 Therapeutic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Monitoring Sensors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Monitoring Sensors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medical Monitoring Sensors Analysis and Forecast
9.1 Introduction
9.2 North America Medical Monitoring Sensors Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medical Monitoring Sensors Market Size Forecast by Type
9.6.1 Pressure Sensor
9.6.2 Non-contact Temperature Sensor
9.6.3 Biological Sensor
9.6.4 Implantable Sensor
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medical Monitoring Sensors Market Size Forecast by Applications
9.10.1 Diagnostic
9.10.2 Therapeutic
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medical Monitoring Sensors Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Monitoring Sensors Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medical Monitoring Sensors Market Size Forecast by Type
10.6.1 Pressure Sensor
10.6.2 Non-contact Temperature Sensor
10.6.3 Biological Sensor
10.6.4 Implantable Sensor
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medical Monitoring Sensors Market Size Forecast by Applications
10.10.1 Diagnostic
10.10.2 Therapeutic
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medical Monitoring Sensors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Monitoring Sensors Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medical Monitoring Sensors Market Size Forecast by Type
11.6.1 Pressure Sensor
11.6.2 Non-contact Temperature Sensor
11.6.3 Biological Sensor
11.6.4 Implantable Sensor
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medical Monitoring Sensors Market Size Forecast by Applications
11.10.1 Diagnostic
11.10.2 Therapeutic
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medical Monitoring Sensors Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Monitoring Sensors Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medical Monitoring Sensors Market Size Forecast by Type
12.6.1 Pressure Sensor
12.6.2 Non-contact Temperature Sensor
12.6.3 Biological Sensor
12.6.4 Implantable Sensor
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medical Monitoring Sensors Market Size Forecast by Applications
12.10.1 Diagnostic
12.10.2 Therapeutic
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medical Monitoring Sensors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Monitoring Sensors Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medical Monitoring Sensors Market Size Forecast by Type
13.6.1 Pressure Sensor
13.6.2 Non-contact Temperature Sensor
13.6.3 Biological Sensor
13.6.4 Implantable Sensor
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medical Monitoring Sensors Market Size Forecast by Applications
13.10.1 Diagnostic
13.10.2 Therapeutic
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Monitoring Sensors Market: Competitive Dashboard
14.2 Global Medical Monitoring Sensors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Teva Pharmaceutical
14.3.2 GE Healthcare
14.3.3 Analog Devices
14.3.4 Medtronic
14.3.5 Philips
14.3.6 Honeywell Healthcare
14.3.7 Nonin
14.3.8 Texas Instruments
14.3.9 Smiths Medical
14.3.10 First Sensor
