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| Global Medical Sensors Market Demand |
Medical sensors play a key role in continuous monitoring of various vital body
parameters such as temperature, heart rate, blood pressure, respiratory rate
etc. The emergence of connected medical devices and integration of advanced
technologies like Artificial intelligence and IoT with medical sensors have
further enhanced the healthcare monitoring capabilities. Medical sensors
equipped with these advanced technologies can help detect any anomalies early
on and help the healthcare providers take prompt actions. This has
significantly boosted the adoption of medical sensors across various healthcare
applications.
The global
Medical Sensors Market is estimated to be valued at US$ 22620.05 Mn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
The growing adoption of medical sensors integrated with advanced technologies
is one of the key trends being witnessed in the medical sensors market. The
integration of technologies like AI and IoT enables continuous monitoring of
patients and automated analysis of the collected health data. This helps in
early detection of diseases, preventive care and remote monitoring of patients.
For instance, AI assisted medical sensors can be used for accurate ECG
monitoring and detection of cardiac arrhythmias. Similarly, IoT enabled medical
sensors allow remote patient monitoring and generate alerts in case of any
irregularities. This drives early medical interventions and improved health
outcomes. The advanced data analytics capabilities of medical sensors are thus
expected to drive significant growth of the market over the forecast period.
Segment
Analysis
The global medical sensors market is dominated by biosensors sub segment which
accounts for more than 30% share of the overall market. Biosensors are
witnessing high demand due to their increasing application in glucose
monitoring, cardiac monitoring, and imaging among others. The biosensors help
in detecting and monitoring various biological analytes in real time which is
driving their adoption across various medical applications.
Key Takeaways
Global Medical Sensors Market Demand is expected to witness high growth.
Regional
analysis: North America region currently dominates the global medical sensors
market and is expected to maintain its dominating position during the forecast
period. This is attributed to growing prevalence of chronic diseases along with
increasing healthcare expenditure in the US and Canada. In addition, presence
of major players in the region is also supporting the market growth. Asia
Pacific region is expected to be the fastest growing market for medical sensors
during the forecast period driven by growing geriatric population, rising
affordability and increasing awareness regarding healthcare in emerging
countries like India and China.
Key players related content comprises Key players related content: Key players
operating in the medical sensors market are Amcor plc,3M,DuPont,Tetra Laval
International S.A.,Mondi,Berry Global Inc.,Ardagh Group S.A.,Bemis
Manufacturing Company,Graham Packaging Company,Crown,BALL CORPORATION,Constantia
Flexibles,CKS Packaging, Inc.,Sonoco Products Company,ProAmpac,Alcoa
Corporation,Huhtamäki Oyj,Sealed Air,WINPAK LTD,DS Smith.
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