Pune, India -- (SBWIRE) -- 06/11/2018 -- Market Scenario:
Currently, the medical sector is ready to accept any and every form of technological advancement that can make treatment methodologies better for them. Owing to this fact, one can confidently say that the future looks bright for the global medical sensors market. During the forecast period of 2018-2022, the market is projected to reach the value of USD 14.54 billion. In terms of CAGR, the industry is estimated to grow at the rate of 7.6%.
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There are many aspects that work together to direct the market towards its success. The higher ratio of individuals suffering from long-term diseases is a chief factor that drives the growth of the market. Due to the higher number of afflicted there is a desperate need for better devices through which cure can be rendered. The market is further boosted by rapid technological advancements that work in the favor of the industry.
Government's support and initiatives to fund and promote research and development in this area will further act as boosting aspects for the market.
Medical Sensors Market Key Players & Strategies:
Some of the major players of this market can be listed as Honey International, Measurement Specialties Inc., GE Healthcare, Philips Healthcare and Given Imaging. To stay ahead in the competitive landscape the major strategies used by these brands happens to be new product development and strategic partnerships.
Medical Sensors – Brief Insights:
The healthcare sector has developed tremendously over the last decade. A range of innovative and efficient products have been launched during this time period. These devices help the people involved in the medical profession to carry out their job much more effectively. Medical sensors are a shining example of this fact. This tool has made a lot of things easier for a doctor. Lately, the demand for this device has seen an upsurge. This in turn has given impetus to the global medical sensors market.
Medical sensors can be described as devices that can identify chemical, physiological and biological changes in an individual's body. Furthermore, with their help these changes can also be tracked down. These sensors are commonly used for monitoring levels of glucose in the body and also to keep a tab on the vital signs. These sensors can prove to be especially beneficial for the patients struggling with diabetes. With the help of these the doctors can record the tissue glucose concentrations in the sufferer's body. And according to that the form of treatment will be devised.
On the whole, it can be concluded that sooner or later medical sensors will change the way people conceive healthcare.
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The worldwide medical sensors market has been segregated into four main parts. These can be listed as applications, types, geographies and sensors placements.
On the basis of applications, the market has been divided into imaging, diagnostics, fitness, medical therapeutics and monitoring.
On account of types, the industry is segmented into ECG sensors, temperature sensors, motion sensors, pressure sensors, blood glucose, image sensors, inertial sensors and blood oxygen sensors.
When it comes to geographies, the market spans across various areas of the world like North America, Asia Pacific, Europe and Rest of the World.
Lastly, based on sensor placements the market is fragmented into implantable sensors, ingestible sensors, strip sensors, wearable sensors, invasive/non-invasive sensors and ingestible sensors.
One of the most recent innovations in this market has been the introduction of TempTraq. It is a small patch-like device that has the ability to monitor body's temperature. This device has been designed especially for the parents out there who would like to keep a constant track of their child's temperature. It has proven to highly effective and efficient.
Table of Contents:
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS & LIMITATIONS
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS:
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
3 MARKET DYNAMICS
3.4 MACROECONOMIC INDICATORS
4 MARKET FACTOR ANALYSIS
4.1 PORTERS FIVE FORCES MODEL
4.2 BARGAINING POWER OF SUPPLIERS
4.3 BARGAINING POWER OF BUYERS
4.4 THREAT OF NEW ENTRANTS
4.5 THREAT OF SUBSTITUTES
4.6 INTENSITY OF RIVALRY
5 GLOBAL MEDICAL SENSORS MARKET, BY TYPES
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