NEW YORK, US, March 09, 2023 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Biomedical Sensors Market By Type (Wired & Wireless), By Type of Sensors (Temperature, Pressure, Image, Biochemical, Inertial, Motion, Electrocardiogram (ECG), & Others), By Product (Invasive Sensors & Non-Invasive Sensors), By Industry Verticals (Pharmaceuticals, Healthcare, & Others), By Application (Medical Diagnostic, Clinical Therapy, Imaging, & Personal Healthcare), And By Regions – Global And Regional Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026” in its research database.
“According to the latest research study, the demand of global biomedical sensors market size & share was valued at approximately USD 10.56 billion in 2020. The market is expected to grow above a CAGR of 6.3% and is anticipated to reach over USD 16.78 billion by 2026.”
The report analyses the biomedical sensors market’s drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global biomedical sensors market.
Biomedical Sensors Market Overview:
Biomedical sensors are a tool used in the healthcare industry, specifically for monitoring and controlling particular changes in biological, chemical, and physical properties in the areas of medicines, food, ambient conditions, and certain other use cases in real-time. They are made by combining photosensitive polyurethane encapsulants, which are produced by photolithography techniques. The market for biomedical sensors is expanding as a result of advances in micro- and nanotechnology as well as growing patient awareness.
The market for biomedical sensors will expand over the course of the forecast period due to additional reasons such as the rising use of home-based care, the ageing population, and the rising acceptance of IoT-based medical equipment. Also, a rise in the number of patients with smoking, drinking, and unhealthy lifestyle diseases would increase the amount of biomedical sensors sold.
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- Introduction, Overview, and in-depth industry analysis are all included in the updated report.
- About 192+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, Revenue Analysis, SWOT Analysis, Historical and Forecast Growth, Porter's 5 Forces Analysis
- Facts and Factors research methodology
Key Insights from Primary Research
- As per the analysis, the biomedical sensors market is likely to grow above a CAGR of around 6.3% between 2021 and 2026.
- The Biomedical Sensors market size was worth around US$ 10.56 billion in 2020 and is estimated to hit approximately US$ 16.78 billion by 2026. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- Based on type, the wireless segment is expected to recoup the largest market share during the forecast.
- Based on product, non-invasive sensors are expected to occupy the largest market share during the forecast period.
- On the basis of region, the “North America” will likely overtake the global market share during the forecast timeframe.
Competitive Players
The report contains qualitative and quantitative research on the global biomedical sensors market, as well as detailed insights and development strategies employed by the leading competitors.
Some of the main players in the global Biomedical Sensors market include;
- Analog Devices Inc.
- Honeywell International Inc.
- Stmicroelectronics N.V.
- GE Healthcare
- NXP Semiconductors N.V.
- Medtronic
- Pinnacle Technology Inc.
- TE Connectivity
- Texas Instruments Incorporated
- Innovative Sensors Technology
- LumaSense Technologies
- Measurement Specialties
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Industry Growth Factors
The expansion of biological sensors is anticipated to be fueled by recent developments in the sector that make use of a variety of micro- and nanotechnologies. The improved capability combined with reductions in size, price, and effectiveness will raise sales even more. Increased demand for patient monitoring, low-cost designs, and high-performance sensors with simple integration are further factors. Also, the population's sedentary lifestyle and a fresh wave of illnesses will fuel the market for biomedical sensors in a way that will increase sales.
The adoption of IoT-based medical devices, the ageing population, and the predominance of home-based care will all contribute to an expansion in the footprint of biomedical sensors over the coming years on a global scale. Also, the prevalence of antibiotic resistant illnesses, the adoption of hazardous lifestyle choices, alcohol consumption, and smoking will all contribute to the health of a sizable portion of the population declining, leading to a range of medical catastrophes. These elements will create new revenue streams for the market for biomedical sensors, enabling it to grow. The market's expansion will be limited to some extent by security issues surrounding the use of these sensors as well as their high initial cost.
Segmentation Analysis:
On the basis of the sensors, the global biomedical sensors market divided into segments for temperature, pressure, image, biochemical, inertial, motion, electrocardiogram, and others. Due to easy accessibility, wireless sensor integration, and an increase in chronic diseases among the elderly and advanced population, the temperature sensor will hold the biggest market share during the forecast period.
On the basis of product, Invasive sensors and non-invasive sensors are the two main segments of the global biomedical sensors market. According to the forecast's revenue collection, the non-invasive segment will hold the greatest market share. Little downtime and a growing trend in minimally invasive surgery are contributing factors to the segment's leadership position.
Browse the full “Biomedical Sensors Market – Global And Regional Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026” Report at https://www.fnfresearch.com/biomedical-sensors-market
Regional Analysis:
- North America is expected to dominate the global market during the forecast period
According to a global outlook, North America is anticipated to recover the highest market share over the forecast. The latter can be attributed to factors like quick technical development, a developed medical infrastructure, the presence of important companies in the area, and an increase in the number of suppliers and producers, among others. The region's huge market share can also be ascribed to the gadgets' widespread availability and seamless integration into daily life.
Recent Industry Developments:
- The key players in the market are often seen integrating their consumers and their products by often updating their current line of products by functions of mergers & acquisitions. Texas Instruments (TI) recently announced a new line of bulk acoustic wave (BAW) based embedding processing and analog chips for the next generation of connectivity & communication infrastructure. The chipsets SimpleLink CC2652RB wireless microcontroller and the LMK05318 network synchronizer will soon enable the firm to monitor changes in real-time.
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Key questions answered in this report:
- What is the size of the biomedical sensors market and what is its expected growth rate?
- What are the primary driving factors that push the biomedical sensors market forward?
- What are the biomedical sensors Industry's top companies?
- What are the different categories that the biomedical sensors Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the biomedical sensors market sample report and company profiles?
Report Scope:
| Report Attribute | Details |
| Market Size in 2020 | USD 10.56 Billion |
| Projected Market Size in 2026 | USD 16.78 Billion |
| CAGR Growth Rate | 6.3% CAGR |
| Base Year | 2020 |
| Forecast Years | 2021-2026 |
| Key Market Players | Analog Devices, Inc., Honeywell International, Inc., Stmicroelectronics N.V., GE Healthcare, NXP Semiconductors N.V., Medtronic, Pinnacle Technology, Inc., TE Connectivity, Texas Instruments Incorporated, Innovative Sensors Technology, LumaSense Technologies, and Measurement Specialties, among others |
| Key Segment | By Type, Type of Sensors, Product, Industry Verticals, Application, and Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
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The global biomedical sensors market is segmented as follows:
By Type
- Wired
- Wireless
By Type of Sensors
- Temperature
- Pressure
- Image
- Biochemical
- Inertial
- Motion
- Electrocardiogram (ECG)
- Others
By Product
- Invasive Sensors
- Non-Invasive Sensors
By Industry Verticals
- Pharmaceuticals
- Healthcare
- Others
By Application
- Medical Diagnostic
- Clinical Therapy
- Imaging
- Personal Healthcare
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Key Offerings:
- Market Size, Trends, & Forecast by Revenue | 2021−2026
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis by Type, Type of Sensors, Product, Industry Verticals, Application, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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