Biomedical Sensors Market Estimated to Grow at a CAGR of 3.87% to Reach US$12.406 Billion by 2024.


Posted December 16, 2019 by marketresearch12

Biomedical sensors are used to detect specific biological, chemical or physical processes and then report this data. They arealso used for monitoring the safety of medicines, food and several other substances.

 
Knowledge Sourcing Intelligence announces the publication of a new report on “Biomedical Sensors Market - Forecasts from 2018 to 2024" to their offering. The use of these sensors can provide and facilitate extra-laboratory analysis thus making it easier and convenient.

This report provides a detailed forecast and analysis of the biomedical sensors market which is projected to increase at a CAGR of 3.87% over the forecast period 2018-2024. The market for biomedical sensors is expected to surge during the forecast period as there is a rise in usage of nanotechnology in different applications and industries such as biomedical among others. Moreover, the market growth will be further bolstered by the increasing awareness of using lab-on-chip technologies. The biomedical sensors market has been segmented on the basis of type, end-user industry, and geography.

Geographically, North America is expected to hold a significant share in the market owing to the fact that there is high consumer awareness and rising healthcare reimbursements and the increasing usage of advanced medical devices. Europe is also projected to witness significant growth over the coming years. Also, On the basis of end-user, hospitals and clinics is expected to hold a significant share in the market due to many hospitals, clinics and path labs using sensor-based medical device to provide effective treatments as these sensors can help in detecting many diseases. Furthermore, the upcoming better products and investments by market players will continue to drive the biomedical sensors market in the coming years.

Some of the major players covered as part of the report are Honeywell International, Inc., Stmicroelectronics N.V, First sensor AG, Medtronic, Smiths Group plc., Inc., Analog Devices, Inc., Texas Instruments, NXPSemiconductors., Lumasense Technologies, Inc., and Nonin Medical, Inc.among others.

This report segmented the biomedical sensors market on the basis following terms
• By Type
o Physical
o Chemical

• By End User
o Hospitals & Clinics
o Research Labs
o Diagnostic Labs
o Ambulatory Care

• By Application
o Diagnostic
o Medical Imaging
o Monitoring

• By Geography
o North America
 USA
 Canada
 Mexico

o South America
 Brazil
 Argentina
 Others

o Europe
 Germany
 France
 United Kingdom
 Spain
 Others

o Middle East and Africa
 Saudi Arabia
 Israel
 Others

o Asia Pacific
 Japan
 China
 India
 Australia
 South Korea
 Others

View a sample of the report or purchase complete study at www.knowledge-sourcing.com/report/global-biomedical-sensor-market

Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing research studies spanning across ten industry verticals. We have a combination of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. Driven by industry experts, the company provides syndicated reports, custom research, and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data, assists in generating quality reports providing crucial insights to managers and decision-makers. The services offered by us help companies to gain the required competitive edge. Our expertise across 10 industries such as ICT, Chemicals, Semiconductors, Healthcare among others caters to diverse client needs.

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Tags biomedical sensors market , biomedical sensors market analysis , biomedical sensors market share , biomedical sensors market size
Last Updated December 16, 2019