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Highly Increasing Geriatric Population to Boost the Growth of Medical Sensors Market : Transparency Market Research

Medical Sensors Market (Biosensors, Pressure, Image, SQUID, Temperature and Flow Sensors, Accelerometers, Surgical, Diagnostic, Monitoring and Therapeutic Applications) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019


Albany, NY -- (SBWIRE) -- 01/20/2015 -- A new report, issued by Transparency Market Research (TMR), explores the global medical sensors market, which was valued US$9,550 million in 2011 and is likely to register significant growth in near future. The research report is titled Medical Sensors Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019.

The research report studies the medical sensors market on the basis of the product type, application, and the geography and provides an in-depth analysis of past performance, current trends, and future prospects of this market. Based on product type, the global medical sensors market is categories into pressure sensors market, temperature sensors market, image sensors market, accelerometers market, biosensors market, flow sensors market, squid sensors market, and market for other sensors.

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Biosensors accounted for the largest medical sensors market share in 2012 owing to increasing demand for diagnostic and monitoring devices such as blood glucose level checking devices, cardiac pacemakers, and other implantable medical tools. High prevalence rate of the diabetes boosted the demand for biosensor in diabetes care market. Growing applications in drug development, delivery, and research and detection of biological agents with emergence of new technologies are also propelling the medical sensors market.

The market for squid sensors is likely to be the fastest developing product segment in medical sensors market owing to the growing applications in the medical imaging and diagnostic devices such as the MCG, MRI, MEG, and magnetogastrography.

Application wise, the medical sensors market is categorized into surgical applications, diagnostic applications, therapeutic applications, and monitoring applications.

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In application segment, the surgical application market accounted for the largest medical sensors market share in 2012. It is likely to maintain its dominance in the medical sensors market till 2019. This is due to growing applications of medical sensors in surgical devices to enable hassle free and effective surgeries with least discomfort to the patients. However, the monitoring application market is likely to increase at the highest CAGR on account of the growing need that result in the demand for constant monitoring of health in the developing economies.

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Geographically, the medical sensors market is classified into four regions, North America, Europe, Asia Pacific, and the Rest of the World. The medical sensors market of North America accounted for the largest medical sensors market share in 2012 owing to the presence of advanced healthcare and medical infrastructure, which complements the current sensing technologies well and the proper incursion of sensors in the market. However, the medical sensors market of Asia Pacific region is likely to grow at a faster pace because of the presence of high number of unmet healthcare requirements in emerging economies such as India, China, and the South-East Asia region.

About Transparency Market Research
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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