Biomedical Sensors Market Worth US$ 15,338.57 Mn, Globally, by 2027 at 7.4% CAGR - Exclusive Report by The Insight Partners
According to our new market research study on “Biomedical Sensors Market to 2027 – COVID-19 Impact and Global Analysis – by Type, Sensor Type, Product, and Application,” the market is expected to reach US$ 15,338.57 million in 2027 from US$ 8,688.63 million in 2019. The market is estimated to grow at a CAGR of 7.4% from 2020 to 2027. The growth of the market is attributed to factors such as increase in geriatric population, rise in demand for home-based medical care, technological advancements i
According to our new market research study on “Biomedical Sensors Market to 2027 – COVID-19 Impact and Global Analysis – by Type, Sensor Type, Product, and Application,” the market is expected to reach US$ 15,338.57 million in 2027 from US$ 8,688.63 million in 2019. The market is estimated to grow at a CAGR of 7.4% from 2020 to 2027. The growth of the market is attributed to factors such as increase in geriatric population, rise in demand for home-based medical care, technological advancements in the medical device industry, rise in adoption of IoT-based medical devices, and increase in healthcare expenditure worldwide.
The key players profiled in the Biomedical Sensors Market research study includes: Analog Devices, Inc.; GE Healthcare; STMicroelectronics; Honeywell International; Medtronic; NXP Semiconductors N.V.; Pinnacle Technology Inc.; Sensirion AG; TE Connectivity; and Texas Instruments Incorporated are among the leading companies in the biomedical sensors market.
Receive PDF Brochure with Table of Contents and Important Figures at: https://www.theinsightpartners.com/sample/TIPRE00019633/
Based on sensor type, the biomedical sensors market is segmented into temperature, pressure, image sensor, biochemical, inertial sensor, motion sensor, electrocardiogram (ECG), and other sensor types. In 2019, the temperature segment accounted for the largest share in the market owing to easy availability of wireless monitoring devices and rise in incidence of lifestyle and chronic diseases.
The growing demand for patient monitoring devices in non-hospital settings is also providing attractive growth opportunities for players in the biomedical sensors market. The integration of monitoring technologies in smartphones and wireless devices is a critical trend in patient care, resulting in high growth for patient monitoring applications. This, in turn, is boosting the demand for temperature sensors during the forecast period.
The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information relating to each Market. The secondary research sources that are typically referred to include, but are not limited to:
- Company Websites, Annual Reports, Financial Reports, Broker Reports and Investor Presentations
- Industry Trade Journals and Other Literature
- National Government Documents, Statistical Databases and Market Reports
- News Articles, Press Releases and Web-Casts Specific to the Companies Operating in the Market
“The Insight Partners” conducts hundreds of primary interviews a year with industry participants and commentators in order to validate its data and analysis. A typical research interview fulfils the following functions:
- Provides First-Hand Information on the Market Size, Market Trends, Growth Trends, Competitive Landscape and Future Outlook
- Validates and Strengthens Secondary Research Findings
- Further Develops the Analysis Team’s Expertise and Market Understanding
The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
If you have any queries about this report or would like further information, please contact us:
North America: +1 646 491 9876
Asia-Pacific: +91 20 6727 8686