Medical Sensors Market Size, Share & Trends Analysis Report and
Segment Forecast, 2024| Grand View Research, Inc
“The
global medical sensors market size was valued at USD 9.4 billion in
2015. The market is primarily driven by the increasing demand for medical
sensors in the therapeutic and the diagnostic sectors.”
The Medical Sensors Market is expected to reach USD 18.5 billion by 2024, according to a new report by Grand
View Research, Incite upsurge in the number of patients afflicted with chronic conditions, such as diabetes and
hypertension, is fueling the usage of monitoring as well therapeutic devices, thus boosting the market demand.
The target population for this market is patients with chronic illnesses, as such conditions necessitate regular
checkups and intermittent or continuous patient monitoring. The rise in population of chronically ill patients
further increases the uptake of the medical sensors.
The geriatric population is highly prone to developing chronic disorders and they pose a higher risk of developing
age-related deformities and complications. Moreover, the adoption of unhealthy food habits and sedentary
lifestyles and the resultant surge in the incidence of obesity has led to the increasing prevalence of lifestyle
disorders including diabetes. The presence of a large target population base combined with the prevalence of
lifestyle-related risk factors is likely to accelerate the growth of the medical sensors market during the forecast
period.
Technological advancements in terms of accuracy, portability, and affordability associated with the new generation
medical sensors resulted in the increased usage of these devices; for instance, the introduction of easy-to-operate,
home-based diagnostic kits that are cost effective.
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Further key findings from the study suggest:

The biosensors products segment held a lucrative share of over 40.0% in 2015. This is ascribable to the
following attributes of the novel biosensors: durability, reliability, and accuracy. Moreover, their
applications in the healthcare areas, such as the detection of drug abuse, glucose monitoring for diabetes,
the detection of cholesterol, and others. All these elements governed the growth of this segment in 2015.

The surgical applications of the sensors dominated the market in 2015. Whereas, the monitoring
applications segment is projected to be the fastest growing during the forecast period. Advancements, such
as wearable technology are anticipated to boost the demand for the monitoring devices market.

The hospitals registered a remunerative growth in 2015; this can be attributed to the presence of a welldeveloped healthcare infrastructure, which yields faster and accurate diagnosis. Moreover, the availability
of well-equipped infrastructure coupled with the presence of skilled personnel and technologically
advanced equipments contribute towards the lucrative growth of this segment.

North America held a considerably large share of over 35.0% in 2015 owing to the presence of leading
sensor manufacturers, a well-planned medical reimbursement network, and the increasing disposable
income

On the contrary, Asia Pacific is anticipated to be the fastest growing region with a CAGR of over8.0% over
the forecast period. The favorable economic developments and the advancing healthcare system with the
aid of supportive government initiatives are anticipated to further assist the growth. Moreover, the
increasing base of the aging population in this region also, additionally impels the demand. According to the
report published by the Ministry of Statistics, in India, 8.6% of the total population is aged above 60; hence,
presenting a profitable opportunity for the market players to invest in this region.

The leading players of the medical sensors market include Analog devices, Inc., Avago technologies Ltd.,
Danaher Corporation, GE Measurement &Control Solutions, Inc., Honeywell International, Inc., Stellar
technologies, Inc., OmniVision Technologies, Inc., Sensation AG, TE Connectivity Ltd., Micro-Epsilon
Messtechnik GmbH Co. & KG, and NXP Semiconductors N.V.
Grand View Research has segmented the medical sensors market on the basis of product, application area, enduse, and region.
Global Medical Sensors Market, by Product, Revenue, 2013 - 2024 (USD Million)

Pressure sensors

Temperature sensors

Image sensors

Accelerometers
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
Biosensors
o
Cholesterol sensors
o
Blood glucose sensors
o
Pregnancy testing
o
Drug discovery
o
Infectious diseases
o
Others

Flow sensors

SQUID sensors

Others
Global Medical Sensors Market, by Application, Revenue, 2013 - 2024 (USD Million)

Surgical

Diagnostic

Therapeutic

Monitoring

Others
Global Medical Sensors Market, by End-use, Revenue, 2013 - 2024 (USD Million)

Hospitals

Physician offices

Nursing home

Home healthcare

Others
Medical Sensors Market, by Region, Revenue, 2013 - 2024 (USD Million)

North America
o
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U.S.
o




Canada
Europe
o
UK
o
Germany
Asia Pacific
o
Japan
o
China
Latin America
o
Brazil
o
Mexico
MEA
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o
South Africa
o
Saudi Arabia
Table of Content of Medical Sensors Market
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Medical Sensors market - Industry Snapshot and Key Buying Criteria, 2015
Chapter 3. Medical Sensors Industry Outlook
3.1. Market Segmentation
3.2. Medical Sensors Market Size and Growth Prospects
3.3. Medical Sensors Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.4. Key Opportunities Prioritized
3.5. Industry Analysis - Porter's
3.6. Medical Sensors Company Market Share/Competitive Landscape, 2015
3.7. Medical Sensors Market PESTEL Analysis, 2015
Chapter 4. Medical Sensors Market-by Product
4.1. Medical Sensors Market Share, By Product, 2015 & 2024
4.2. Pressure Sensors
4.2.1. Pressure Sensors Market Estimates and Forecasts, 2013 - 2024 (USD Million)
4.3. Temperature Sensors
4.3.1. Temperature Sensors Market Estimates and Forecasts, 2013 - 2024 (USD Million)
4.4. Image Sensors
4.4.1. Image Sensors Market Estimates and Forecasts, 2013 - 2024 (USD Million)
4.5. Accelerometers
4.5.1. Accelerometers Market Estimates and Forecasts, 2013 - 2024 (USD Million)
4.6. Biosensors
4.6.1. Biosensors Market Estimates and Forecasts, 2013 - 2024 (USD Million)
4.6.1.1. Cholesterol Market Estimates and Forecasts, 2013 - 2024 (USD Million)
4.6.1.2. Blood Glucose Market Estimates and Forecasts, 2013 - 2024 (USD Million)
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4.6.1.3. Blood Gas Analyzers Market Estimates and Forecasts, 2013 - 2024 (USD Million)
4.6.1.4. Pregnancy Testing Market Estimates and Forecasts, 2013 - 2024 (USD Million)
4.6.1.5. Drug Discovery Market Estimates and Forecasts, 2013 - 2024 (USD Million)
4.6.1.6. Infectious Diseases Market Estimates and Forecasts, 2013 - 2024 (USD Million)
4.6.1.7. Others Market Estimates and Forecasts, 2013 - 2024 (USD Million)
4.7. Flow Sensors
4.7.1. Flow Sensors Market Estimates and Forecasts, 2013 - 2024 (USD Million)
4.8. SQUID Sensors
4.8.1. SQUID Sensors Market Estimates and Forecasts, 2013 - 2024 (USD Million)
4.9. Others
4.9.1. Others Market Estimates and Forecasts, 2013 - 2024 (USD Million)
Chapter 5. Medical Sensors Market by Application Area
5.1. Medical Sensors Market Share, by Application, 2015 & 2024
5.2. Surgical
5.2.1. Surgical Market Estimates and Forecasts, 2013 - 2024 (USD Million)
5.3. Diagnostic
5.3.1. Diagnostics Market Estimates and Forecasts, 2013 - 2024 (USD Million)
5.4. Therapeutic
5.4.1. Therapeutics Market Estimates and Forecasts, 2013 - 2024 (USD Million)
5.5. Monitoring
5.5.1. Monitoring Market Estimates and Forecasts, 2013 - 2024 (USD Million)
5.6. Others
5.6.1. Others Market Estimates and Forecasts, 2013 - 2024 (USD Million)
Chapter 6. Medical Sensors Market by End-use
6.1. Medical Sensors Market Share, by End-use, 2015 & 2024
6.2. Hospitals
6.2.1. Hospitals Market Estimates and Forecasts, 2013 - 2024 (USD Million)
6.3. Physician offices
6.3.1. Physician offices Market Estimates and Forecasts, 2013 - 2024 (USD Million)
6.4. Nursing homes
6.4.1. Nursing homes Market Estimates and Forecasts, 2013 - 2024 (USD Million)
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6.5. Home healthcare
6.5.1. Home healthcare Market Estimates and Forecasts, 2013 - 2024 (USD Million)
6.6. Others
6.6.1. Others Healthcare Settings Market Estimates and Forecasts, 2013 - 2024 (USD Million)
Chapter 7. Medical Sensors Market by Region
7.1. Medical Sensors Market Share, by Region,2015 & 2024
7.2. North America
7.2.1. North America Market Estimates and Forecasts, by Product, 2013 - 2024 (USD Million)
7.2.1.1. U.S. Market Estimates and Forecasts
7.2.1.2. Canada Market Estimates and Forecasts
7.2.2. North America Market Estimates and Forecasts, by Application Area, 2013 - 2024 (USD Million)
7.2.2.1. U.S. Market Estimates and Forecasts
7.2.2.2. Canada Market Estimates and Forecasts
7.2.3. North America Market Estimates and Forecasts, by End-use, 2013 - 2024 (USD Million)
7.2.3.1. U.S. Market Estimates and Forecasts
7.2.3.2. Canada Market Estimates and Forecasts
7.3. Europe
7.3.1. Europe Market Estimates and Forecasts, by Product, 2013 - 2024 (USD Million)
7.3.1.1. UK Market Estimates and Forecasts
7.3.1.2. Germany Market Estimates and Forecasts
7.3.2. Europe Market Estimates and Forecasts, by Application Area, 2013 - 2024 (USD Million)
7.3.2.1. UK Market Estimates and Forecasts
7.3.2.2. Germany Market Estimates and Forecasts
7.3.3. Europe Market Estimates and Forecasts, by End-use, 2013 - 2024 (USD Million)
7.3.3.1. UK Market Estimates and Forecasts
7.3.3.2. Germany Market Estimates and Forecasts
7.4. Asia Pacific
7.4.1. Asia Pacific Market Estimates and Forecasts, by Product, 2013 - 2024 (USD Million)
7.4.1.1. Japan Market Estimates and Forecasts
7.4.1.2. China Market Estimates and Forecasts
7.4.2. Asia Pacific Market Estimates and Forecasts, by Application Area, 2013 - 2024 (USD Million)
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7.4.2.1. Japan Market Estimates and Forecasts
7.4.2.2. China Market Estimates and Forecasts
7.4.3. Asia Pacific Market Estimates and Forecasts, by End-use, 2013 - 2024 (USD Million)
7.4.3.1. Japan Market Estimates and Forecasts
7.4.3.2. China Market Estimates and Forecasts
7.5. Latin America
7.5.1. Latin America Market Estimates and Forecasts, by Product, 2013 - 2024 (USD Million)
7.5.1.1. Brazil Market Estimates and Forecasts
7.5.1.2. Mexico Market Estimates and Forecasts
7.5.2. Latin America Market Estimates and Forecasts, by Application Area, 2013 - 2024 (USD Million)
7.5.3. Latin America Market Estimates and Forecasts, by End - Use, 2013 - 2024 (USD Million)
7.5.3.1. Brazil Market Estimates and Forecasts
7.5.3.2. Mexico Market Estimates and Forecasts
7.6. MEA
7.6.1. Middle East and Africa Market Estimates and Forecasts, by Product, 2013 - 2024 (USD Million)
7.6.1.1. South Africa Market Estimates and Forecasts
7.6.1.2. Saudi Arabia Market Estimates and Forecasts
7.6.2. Middle East and Africa Market Estimates and Forecasts, by Application Area, 2013 - 2024 (USD
Million)
7.6.2.1. South Africa Market Estimates and Forecasts
7.6.2.2. Saudi Arabia Market Estimates and Forecasts
7.6.3. Middle East and Africa Market Estimates and Forecasts, by End Use, 2013 - 2024 (USD Million)
7.6.3.1. South Africa Market Estimates and Forecasts
7.6.3.2. Saudi Arabia Market Estimates and Forecasts
Chapter 8. Competitive Landscape
8.1. Analog Devices, Inc.
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Avago Technologies Ltd.
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8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. Danaher Corporation
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. GE Measurement & Control solutions, Inc.
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. Honeywell International, Inc.
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. LORD Corporation (Stellar Technologies, Inc.)
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. Micro-Epsilon Messtechnik GmbH Co. & KG
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. NXP Semiconductors (Freescale Semiconductor, Inc.)
8.8.1. Company Overview
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8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. OmniVision Technologies, Inc.
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10. Sensirion AG
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
8.11. TE Connectivity Ltd.
8.11.1. Company Overview
8.11.2. Financial Performance
8.11.3. Product Benchmarking
8.11.4. Strategic Initiatives
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed business decisions, the company offers
market intelligence studies ensuring relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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The medical sensors market is expected to reach USD 18.5 billion by 2024, according to a new report by Grand View Research