$17.14 Bn Medical Sensors Market - Forecasts from 2018 to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 9, 2018--The “Medical Sensors Market - Forecasts from 2018 to 2023” report has been added to ResearchAndMarkets.com’s offering.
Medical sensors market is estimated to reach a total market size of US$17.148 billion by 2023 from US$9.396 billion in 2017, growing at a compound annual growth rate of 10.55% over the forecast period.
Rising healthcare costs and latest trend of home healthcare are the major factors driving the demand for medical sensors. Advancement in technology has led to a surge in usage of these sensors across different geographies. Healthcare professionals are also increasingly recommending these sensors for efficient patient monitoring as these have become an effective way of diagnosis of cancer, respiratory disorders, and cardiovascular diseases, and thereby providing a significant boost to the medical sensors market growth. Asia Pacific region is expected to grow at an impressive rate over the forecast period owing to increasing incidences of respiratory diseases and aging population.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market.
Major market players which have been profiled as part of this report are Honeywell, NXP Semiconductors, and GE. Other players include MiTAC Europe Ltd., Analog Devices, TE Connectivity, Smiths Medical, and STMicroelectronics.
By TypeImage Sensors Pressure Sensors Temperature Sensors Motion Sensors Flow Sensors ECG Sensors Others
By ApplicationMonitoring Therapeutic Surgical Diagnostics
By End UserHospitals Nursing Homes Physicians Others
By PlacementWearable Invasive and Non- Invasive Implantable
Companies MentionedHoneywell NXP Semiconductors MiTAC Europe Ltd. GE Analog Devices TE Connectivity Smiths Medical STMicroelectronics
For more information about this report visit https://www.researchandmarkets.com/research/lxmt6l/17_14_bn_medical?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180809005671/en/
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Related Topics:Medical Devices
INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES
SOURCE: Research and Markets
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PUB: 08/09/2018 02:10 PM/DISC: 08/09/2018 02:10 PM