Medical Sensors Market worth $3.0 billion by 2026 - Exclusive Report by MarketsandMarkets™

CHICAGO, Aug. 2, 2021 /PRNewswire/ -- According to the new market research report "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", published by MarketsandMarkets™, the global Medical Sensors Market is expected to reach USD 3.0 billion by 2026 from USD 1.8 billion in 2021, at a CAGR of 10.3% during 2021-2026 period. The rapid growth of the global medical sensors market is attributed to some of the driving factors such as 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.

Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=372

Flow sensors to hold the largest market share in the medical sensors market during the forecast period

Due to the COVID–19 pandemic, there has been a surge 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 that are used in these devices.

Patient monitoring devices to hold the largest market share in the medical sensors market during the period 2021 and 2026

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

Browse in-depth TOC on "Medical Sensors Market"

161 – Tables
77 – Figures
260 – Pages

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=372

Americas to account for the largest share of medical sensors market during the forecast period

The Americas holds the largest share in the global medical sensors market. The major factors driving market growth include the increasing adoption of advanced medical devices, the rising influence of disruptive technologies such as IoT and AI in the healthcare sector, the increasing geriatric population and the subsequent rise in the number of people suffering from chronic diseases. Factors such as presence of advanced healthcare infrastructure, support from local governments and high healthcare expenditure are driving the growth of the medical sensors market in the Americas.

The report profiles key players such as 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).  

Related Reports:

Biosensors Market with COVID-19 Impact by Type, Product (Wearable, Non-wearable), Technology, Application (POC, Home Diagnostics, Research Lab, Environmental Monitoring, Food & Beverages, Biodefense) and Region - Global Forecast to 2026

Medical Electronics Market with Covid-19 Impact Analysis by Component (Sensors, MCUs/MPUs, Displays), Device Classification (Class I, Class II, Class III), Application (Diagnostic, Cardiology, Flow Measurement), and Region - Global Forecast to 2026

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com 
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/sensors-market-healthcare-applications.asp      
Visit Our Web Site: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/world-sensors-healthcare-applications.asp   

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg