Reports and Insights issued a report recently titled “Medical and Biological Sensors Market: Opportunity Analysis and Future Assessment 2022-2030” which examines and assesses the market’s status over the forecast period. It is a thorough investigation that focuses on elementary and secondary drivers, leading segments, market size and share, and geographical assessment. The study also provides a comprehensive evaluation at of the leading players, major partnerships and alliances, mergers, and acquisitions, along with the trending innovation and corporate strategies.
The medical and biological sensors market is estimated to reach at a value of US$ 8.4 Bn by the end of 2022 and expected to reach at a value of US$ 25.6 Bn by 2030 with a significant CAGR of 15.0%.
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Medical and Biological Sensors Introduction
The medical and biological sensors, also commonly known as biosensors, hold an enormous and progressive role in the field of medical diagnostics and health surveillance. The medical sensor is a device made up of a transducer and a biological component that could be an antibody, an enzyme, or a nucleic acid.
The biological component engages with the analytical sample being examined and the biological reaction is transformed into an electrical signal by the transducer, in order to enable the quantitative development of certain complex biochemical criterions.
Medical and Biological Sensors Market Dynamics
The constant increase in the geriatric population and associated rising prevalence of chronic diseases among the population all around the world is majorly driving the demand of medical and biological sensors across the global markets. Owing to which, the global medical and biological sensors market is projected to rise substantially in the years to come.
In addition to that, the growing trend and demand for home-based medical care is further accelerating the demand of medical and biological sensors across the globe. Furthermore, the invariable technological advances in the healthcare sector and medical device industry and resultantly, rapid surge in adoption of IoT-based medical devices is also positively fueling the demand of medical sensors across the world. Attributing to which, the medical and biological sensors market is expected to achieve significant growth in the coming years.
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Medical and Biological Sensors Market Segmentation
The global medical and biological sensors market is segmented on the basis of application, sensor type, product type, end-user, and region.
By Application
Patient Monitoring
Diagnostic Imaging
Medical Implants and Endoscopy
By Sensor Type
Pressure Sensors
Temperature Sensors
Blood Oxygen Sensors
Blood Glucose Sensors
Touch Sensors
Image Sensors
Ingestible Sensors
Motion Sensors
ECG Sensors
Heart Rate Sensors
By Product Type
Non-invasive
Invasive
By End-User
Hospitals & Clinics
Nursing Homes, Assisted Living Facilities, Long-Term Care Centers, and Home Care Settings
Others
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Medical and Biological Sensors Market Key Players
The key participating players of the global Medical and Biological Sensors market include Texas Instrument, TE Connectivity, First Sensor, Medtronics Plc, NXP Semiconductors, Tekscan Inc, Amphenol Advanced Sensors, Proteus Digital Health, Sensirion, Cirtec Medical, Sensirion, Innovative Sensor Technology, Keller America, OmniVision Technologies, Masimo, TDK Sensors, Stanley Healthcare, EnviteC, and Merit Medical Systems, among others.
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