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Global Industry Analysis Report on Medical Sensors Market

Mar 14 2014

Research and Markets has announced the addition of the "Medical Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" report to their offering.

The global medical sensors market on the basis of product types is segmented into eight major categories namely biosensor, temperature, pressure, image, flow, SQUID, accelerometer and others.

Biosensors held majority of the market share in 2012 on account of following factors:

Increasing global demand for monitoring and diagnostic devices such as cardiac pacemakers, blood glucose level and other implantable medical devices.
According to American Diabetes Association, the total prevalence rate of diabetes in the U.S. was 8.3% in 2010. High prevalence rate globally, drives the demand for biosensor in diabetes care.
Increasing applications in drug development and delivery, research and detection of biological agents with development of new technologies.

The global market for SQUID sensors is expected to be the fastest growing product segment due to increasing applications in the medical imaging and diagnostic devices such as the MCG, MEG, MRI and magnetogastrography.

On basis of applications the global medical sensors market is segmented into four categories namely surgical, diagnostic, therapeutic and monitoring application. The surgical application market held the major market share in 2012 and is expected to maintain its position in the market till 2019. This is due to rising applications of sensors in surgical equipment to enable smooth and efficient surgeries with minimal discomfort to the patients. However, the monitoring application market is expected to grow at a highest CAGR on account of the rising need and demand for continuous monitoring of health in the emerging economies.