The global medical sensors market size is projected to reach USD$ 28.9 billion by 2027, experiencing a CAGR of 10.02% during the forecast period 2021-2027 The medical sensor industry is anticipated to witness significant growth due to the growing geriatric population, the increase in demand for home healthcare devices such as pregnancy kits and glucose monitoring kits, technological development in the medical device industry, increase usage of IoT-based medical devices, and rising expenditure on the medical sector will propel the growth of the medical sensor market.

Medical sensors have helped human beings to survive in the COVID-19 outburst. IoT sensors, wearable sensors, temperature sensors, etc. have played a major role in remote diagnosis as well as providing treatment to patients.

IoT has played an important role in monitoring patients who are virus-infected via devices ad intertwined networks. The development of smart thermometers by Kinsa, remote IoT monitoring for elderly patients’ chronic diseases, and the use of IoT robots for disinfecting devices, cleaning hospitals, and delivering medicines are some of the factors that drive the demand for the medical sensors market.

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Pressure Sensors play an important role in effective performance in respiratory breathing circuits (nebulizers, spirometers), flow/ pressure controls (therapeutic hospital beds), gas collection (hospital gas supply, oxygen concentrators), and gas flow (blood test, gas chromatography, analytical instrument sampling systems).

The increase in usage of pressure sensors in medical devices such as heart rate monitors, inhalers and ventilators, blood pressure monitors, patient monitoring systems, laparoscopic devices, and respiratory therapy devices are the factors that dominate the pressure sensor segment.

North America will dominate the medical sensors market because of the rise in investment in the healthcare sector and flourishing end-use industries in the region. Technological development, rise in healthcare expenditure as a percentage of total GDP, and integration of health information technology (IT) are the factors that will boost the market growth of the medical sensor market during the forecast period 2021-2027

Some of the major players in the global medical sensor market include Texas Instruments Incorporated, TE Connectivity, First Sensor AG, Medtronic, NXP Semiconductors, Sensirion AG Switzerland, OmniVision Technologies, Inc., STM icroelectronics, Honeywell International Inc., and Koninklijke Philips N.V.

Source: VynZ Research