DUBLIN, April 18, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "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" report to their offering.
The medical sensors market is expected to grow at a CAGR of 8.5% between 2016 and 2022, from USD 8.21 Billion in 2015 to USD 15.01 Billion by 2022
Increase in hospital-acquired infections (HAIs), technological advancements in the market such as wearable devices & disease-detecting devices, and increase in life expectancy along with aging population in many countries are driving the growth of this market. 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.
The sensors market in medical applications is experiencing growth due to several reasons such as the demand from the healthcare sector for better and improved care, rising importance of sensors in almost all medical devices, developments in sensors technology, and newer medical applications for sensors.
This market growth is driven by 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 portable medical devices which are used in home healthcare and an increasing trend toward 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 increasing demand across various applications such as wearable technology for fitness, healthcare, and security is driving the wearable sensors market to grow lucratively. The market for implantable sensors is expected to grow rapidly due to their immense potential to enhance diagnosis and monitoring of cancer, diabetes, hypertension, cardiac disorders, and orthopedic diseases. Camera pills, video capsules, patient monitoring smart pills, and drug delivering smart pills are major driving forces for ingestible sensors.
North America is expected to hold the largest share of the medical sensors market during the forecast period and witness high growth. The market in APAC is expected to grow at the highest CAGR, followed by Europe. The market in APAC is expected to grow at the highest rate because of the increasing adoption of medical sensors in the healthcare sector in the APAC region.
STMicroelectronics is one of the largest semiconductor companies in the world serving customers across the spectrum of electronics applications. The company offers a broad portfolio of solutions across a range of electronics applications. STMicroelectronics majorly focuses on research and development activities. The company's R&D activities are focused on continually increasing the functionality, speed and cost-effectiveness of its semiconductor devices, while ensuring the fast translation of new products into profitable commercial products.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trend
7 Medical Sensors Market, By Sensor Type
8 Global Medical Sensors Market, By Sensor Placement
9 Medical Sensor Market, By Application
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
- Analog Devices, Inc. - First Sensor AG - GE Healthcare - Honeywell International Inc. - Measurement Specialties, Inc. - Medtronic PLC - NXP Semiconductor N.V. - Smiths Medical - Stmicroelectronics N.V. - Texas Instruments
For more information visit http://www.researchandmarkets.com/research/87pwxw/medical_sensors
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SOURCE Research and Markets