Medical Sensors Market To Rise at 8.5% CAGR to 2022: Monitoring Application Witness Highest Growth

The global medical sensors market was estimated to be worth USD 8.21 billion in 2015 and is expected to reach USD 15.01 billion by 2022, growing at a CAGR of 8.5% between 2016 and 2022. People are increasingly adopting home healthcare services owing to the rising costs of medical treatments in hospitals and medical care clinics. The medical sensors market is projected to grow rapidly due to the increasing incidences of cancer, acute myocardial infarction, and diabetes mellitus as well as the increasing number of postoperative rehabilitation patients across the globe. Complete report on medical sensors market spread across 204 pages, profiling 10 companies and supported with 88 tables and 98 figures is now available at http://www.rnrmarketresearch.com/medical-sensors-market-by-sensor-type-temperature-ecg-image-motion-pressure-placement-strip-wearable-implantable-ingestible-application-diagnostics-monitoring-therapeutics-imaging-geograph-st-to-2022-market-report.html .

Among all the geographic regions, North America is considered to be the largest medical sensors market. This market is driven by various factors such as improved healthcare infrastructure and increasing demand for technologically advanced medical devices in the region. In addition, the rising demand for medical sensors in home treatment and the presence of well-structured distribution channels in the region are aiding market growth.

The medical sensors market in APAC is expected to grow at the highest rate, followed by the Rest of the world. The greater utilization of medical sensors in various clinical diagnoses and therapeutic procedures is expected to drive the adoption of the same among healthcare providers in the APAC region.

The medical sensors market is segmented on the basis of applications–diagnostics, monitoring, medical therapeutics, imaging, and wellness & fitness. Of these applications, the market for the monitoring applications is expected to grow at the highest rate because of the increasing use of patient monitoring devices in outpatient care departments, ambulatory care centers, and home care settings. Factors such as increasing market penetration rates of the portable medical devices which are used in home healthcare establishments and an increasing trend towards remote patient monitoring are also expected to contribute to the growth of the medical sensors market for patient monitoring applications in the coming years.

The key players in the medical sensors market are Hitachi Medical Systems (U.S.), Philips Healthcare (Netherlands), Siemens Healthcare (Germany), Toshiba Medical Systems (Europe), STMicroelectronics N.V. (Switzerland), Analog Devices (U.S.), Atmel Corporation (U.S.), Avago Technologies (U.S), Broadcom Corporation (U.S), and NXP Semiconductors (Netherlands). Priced at $4650 for a single user PDF, Inquire Before Buying on “Medical Sensors Market by Sensor Type (Temperature, ECG, Image, Motion, & Pressure), Placement (Strip, Wearable, Implantable, & Ingestible), Application (Diagnostics, Monitoring, Therapeutics, & Imaging), & Geography - Global Forecast to 2022” research report can be requested at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=524320 .

On a related note, another research titled Ingestible Sensor Market Global Forecast to 2022 says, the ingestible sensor market is expected to grow from USD 198.2 million in 2015 to USD 678.2 million by 2022, at a CAGR of 20.2% between 2016 and 2022. The ingestible sensor market in APAC is expected to grow at a prominent double digit CAGR during the forecast period. Companies like Proteus Digital Health, Inc. (U.S.), HQ, Inc. (U.S.), CapsoVision, Inc. (U.S.), Given Imaging Ltd. (Israel), Olympus Corporation (U.S.), Medimetrics Personalized Drug Delivery B.V. (Netherlands) and MC10 Inc. (U.S.) have been profiled in this 107 pages research report available at http://www.rnrmarketresearch.com/ingestible-sensor-market-by-component-sensor-data-recorder-software-type-temperature-pressure-others-vertical-medical-sports-fitness-others-and-geography-global-forecast-to-2022-market-report.html .

Explore more reports on Electronics market at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication/electronics .

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