Report : Asia Pacific Biomedical Sensors Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Wired, and Wireless); Sensor Type (Temperature, Pressure, Image Sensors, Biochemical, Inertial Sensors, Motion Sensors, Electrocardiogram (ECG), and Other Sensor Types); Product (Invasive Sensors, and Non- Invasive Sensors); Application (Medical Diagnostics, Clinical Therapy, Imaging, and Personal Healthcare)
Temperature Segment Held Largest Share of Sensor Type in Asia Pacific Biomedical Sensors Market in 2019
According to a new market research study of ‘Asia Pacific Biomedical Sensors Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by type, sensor type, product, and application’ the Asia Pacific Biomedical sensors market is expected to reach US$ 3,522.7 million in 2027 from US$ 1,909.8 million in 2019. The market is estimated to grow with a CAGR of 8.0% from 2020-2027. The report provides trends prevailing in the Asia Pacific Biomedical sensors market and the factors driving market along with those that act as hindrances.
Based on the sensor type, the biomedical sensors market is segmented into temperature, pressure, image sensors, biochemical, inertial sensors, motion sensors, electrocardiogram (ECG), and other sensor types. Based on the sensor type, in 2019, the temperature segment held the largest share of the market whereas the motion sensor segment is expected to dominate the market share with the highest CAGR during the forecast period. The temperature sensor accounted for largest share in the market owing to easy availability of wireless monitoring devices and the rising incidence of lifestyle and chronic diseases. The growing demand for patient monitoring devices in non-hospital settings is also providing attractive growth opportunities for players in the biomedical sensors market. The integration of monitoring technologies in smartphones and wireless devices is a critical trend in patient care, resulting in high growth for patient monitoring applications further boosting the demand for temperature sensors in the forecast period.
The growth of this market is estimated to grow owing to key driving factors such as the rising incidence of lifestyle-based diseases (CVD) and an increasing adoption of biomedical sensors. However, the market is expected experiencing slow growth during the forecast period owing to the security concerns regarding the use of biomedical sensors.
Analog Devices, Inc, Honeywell International Inc., Medtronic, NXP SEMICONDUCTORS N.V., Sensirion AG, TE Connectivity Ltd., Texas Instruments Incorporated, STMicroelectronics N.V, General Electric Company, PINNACLE TECHNOLOGY INC. are among the leading companies operating in the Asia Pacific biomedical sensors market.
The report segments Asia Pacific Biomedical Sensors Market as Follows:
By Sensor Type
- Image Sensor
- Inertial Sensor
- Motion Sensor
- Electrocardiogram (ECG)
- Other Sensor Types
- Invasive Sensors
- Non-Invasive Sensors
- Medical Diagnostics
- Clinical Therapy
- Personal Healthcare
- Asia Pacific
- South Korea
- Rest of Asia Pacific
Contact Person: Sameer Joshi
Email Id: firstname.lastname@example.org