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The growing elderly population and rising demand for wearable medical devices, life expectancy, burgeoning healthcare expenditure, surging adoption of IoT-based medical devices, are some of the major factors driving the Medical Sensors Market.

JERSEY CITY, N.J. , July 12, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Medical Sensors Market" By Component (Flow Sensors, Temperature Sensors, Pressure Sensors, Biosensors), By Application (Surgical, Diagnostic, Therapeutic, Monitoring), and By Geography. According to Verified Market Research, the Medical Sensors Market size was valued at USD 13.65 Billion in 2021 and is projected to reach USD 25.80 Billion by 2030, growing at a CAGR of 7.33% from 2022 to 2030.

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Browse in-depth TOC on "Medical Sensors Market"

Global Medical Sensors Market Overview

Because of their application in portable and linked medical equipment, the need for low-cost sensors has skyrocketed. Portable medical devices are noninvasive electronic components used primarily for patient monitoring. Wireless technology improvements in healthcare have expanded patient mobility in medical settings and at home. CPAP machines, blood glucose monitors, sleep apnea monitors, ultrasonography devices, pulse oximeters, and blood pressure monitors are just a few examples of portable medical gadgets. Manufacturers of medical gadgets are putting a lot of effort into developing portable devices with sensors. Because of their rising use in these devices, the demand for low-cost advanced sensors with a tiny form factor, better functionality, low power consumption, pulse oximeters, and high reliability is increasing.

The growing awareness of health and fitness is driving up demand for medical sensors. Consumers all around the world are increasingly likely to buy portable and wearable devices to keep track of their health. Home care settings, hospitals, and clinics are all seeing an increase in demand for these devices. The unexpected epidemic of coronavirus around the world has resulted in increased sales of diagnostic and monitoring gadgets. Furthermore, the rise in the number of chronic diseases around the world is a crucial element driving up medical sensor sales. Sensor-based medical devices have seen a surge in use in-home care settings. As a result, the worldwide Medical Sensors Market is being influenced. Because of the growing geriatric population around the world, there are growing demands for fast and remote monitoring devices in-home care settings.

The major players in the market are GE Healthcare Inc., Honeywell Inc. Siemens Corporation, Analog Devices, Medtronics PLC, STMicroelectronics, Omron Corporation, TE Connectivity, Texas Instruments, and First Sensor.

Verified Market Research has segmented the Global Medical Sensors Market On the basis of Component, Application, and Geography.

Biosensors Market By Type (Embedded Device and Sensor Patch), By Product (Wearable Biosensor and Non-Wearable Biosensor), By Technology (Electrochemical Biosensor, Optical Biosensor, Piezoelectric Biosensor), By Application (Point of Care, Home Diagnostics, Research Lab), By Geography, Forecast, 2021-2028

Disposable Medical Sensors Market By Product (Biosensors, Temperature Sensors, Pressure Sensors), By Type (Wearable Sensor, Strip Sensor, Implantable Sensor), By Application (Therapeutic, Diagnostic, Patient Monitoring), By Geography, Forecast, 2021-2028

Optogenetics Market By Product Type (Actuator, Light Equipment, Sensor), By Application (Behavioural Tracking, Retinal Disease Treatment, Neuroscience), By Geography, Forecast, 2021-2028

Non-invasive Medical Sensors Market By Product (Pressure Sensors, Temperature Sensors, Blood Oxygen Sensors, Blood Glucose Sensors, Touch Sensors), By Application (Passenger Car, Commercial Vehicle), By Geography, Forecast, 2021-2028

Top 7 Biosensor Companies developing best biosensors technology

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