Global Medical Sensors Market 2021-2025
Technavio has been monitoring the medical sensors market and it is poised to grow by $ 7.84 bn during 2021-2025 progressing at a CAGR of 10% during the forecast period. Our report on medical sensors market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing prevalence of chronic diseases, rising demand for medical sensors in home care settings and increasing adoption of medical sensor technology. In addition, increasing prevalence of chronic diseases is anticipated to boost the growth of the market as well.
The medical sensors market analysis includes end-user segment and geographical landscapes.
Technavio's medical sensors market is segmented as below:
- By End-user
- Home care settings
- By Geography
- North America
This study identifies the increasing applications of wireless sensors and wearable detecting devices as one of the prime reasons driving the medical sensors market growth during the next few years. Also, growing demand for digital medicine and sensor-enabled pills and increasing industry developments will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on medical sensors market covers the following areas
- Medical sensors market sizing
- Medical sensors market forecast
- Medical sensors market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading medical sensors market vendors that include First Sensor AG, Honeywell International Inc., Medtronic Plc, Merit Medical Systems Inc., NXP Semiconductors NV, Sensirion AG, Smiths Group Plc, STMicroelectronics NV, Tekscan Inc., and Texas Instruments Inc.. Also, the medical sensors market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.