Global Biomedical Pressure Sensors Market - Segmented by application (diagnostic, therapeutic, medical imaging, monitoring, fitness and wellness), and Region - Growth, Trends and Forecasts (2018 - 2023)
The biomedical pressure sensor market is projected to register a healthy CAGR of 7.63% over the forecast period (2018 - 2023). The scope of the report includes technologies, like fiber optic, telematics, capacitive, and Piezoresistive, and is limited to applications like diagnostics, therapeutic, medical imaging, monitoring, and fitness. The regions considered in the scope of the report include North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Integrating Sensors With Respiratory Devices and Patient Monitoring
The ultimate goal for medical device manufacturers is to continue the development of intelligent devices that enhance the effectiveness of patient care, while keeping the cost of that care or treatment method at a level that the healthcare provider can justify to the insurance industry and the patient. Patients can have increased mobility due to the smaller size of the devices, and therefore, not be required to be hospitalized during treatments, thus keeping the cost of healthcare down. Sensors, such as, wedge pressure measure for cardiac diagnosis, provide a natural application for pressure sensing. An attempt is being made to develop permanently implanted sensors for devices, like optimum hemodynamic pacemakers, titrated drug dosages, or for combined treatment effects. They are used in both diagnostic types of equipment for measuring the pressure of air expelled from the lungs, and in therapeutic equipment, such as, oxygen therapy equipment, nebulizers, and ventilators. The market for biomedical pressure sensors is primarily supported by small, low-cost devices in the coming years.
Piezoresistive Sensors are Witnessing Increasing Demand
High measurement accuracy and compact size are of prime importance in the industry; hence, the demand for piezoresistive pressure sensors in the market is comparatively high. The miniaturization of sensors has allowed for the integration of vital and critical infrastructure elements, which can be concentrated on a single monolithic die, with an option for customization that can provide an easy-to-use tape and reel, to render an accurate picture of the scenario. Major application of the piezoresistive technology to monitor the patient’s vital organs, and provide accurate and reliable diagnostics in a wide range of conditions, make it a very sought-after technology, which is expected to witness huge growth in the industry.
Asia-Pacific to become the Largest Market over the Forecast Period
The Asia-Pacific region accounted for the major share because of growth in application areas of the healthcare sector. The escalating demand in the emerging economies of China, South Korea, and India is predicted to spur the regional demand for such sensors. The presence of large semiconductor companies, sensor manufacturers, and efficient system suppliers in the North American countries, such as the United States and Canada, is supporting the production of biomedical sensors and propelling the industry’s growth in the region.
Key Developments in the Market