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Sensors in healthcare applications market spurred by increasing demand from diagnostics application segment

Sensors in healthcare applications market spurred by increasing demand from diagnostics application segment

Sensors are very essential components that play an important role in most of the industries, among them health-care is a major industry. Health-care sensors are used to monitor physiological parameters like temperatures, pressures, chemical and biological levels of users or patients.

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According to the market research report “Sensors in Healthcare Applications Market: By Type (Temperature, Pressure, Chemical, Bio, Level, Flow, Position & Others) & By Application (Patient Monitoring, Diagnostics, Therapeutics, Imaging and Others)– With Forecast (2016-2021)”, published by IndustryARC, estimates that Asia-Pacific will exhibit the highest growth till the end of the forecast period.

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Various kinds of sensors, to detect various parameters, are available in the market such as temperature sensors, pressure sensors, biosensors and many others.

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These different types of sensors are useful across various applications such as diagnostics, patient monitoring, therapeutics, imaging and others. Sensors in Healthcare Applications Market are driving with great demand due to the increasing adoption of medical sensors across wide range of applications.

Scope & Regional Forecast of the Sensors in Healthcare Applications Market

With the technological advances, the Sensors in Healthcare Applications Market is expected to drive with significant growth during the forecast period. Hence, these advancements are increasing the penetration of sensors in the healthcare sector.

The wireless sensors are widely adopted across various application such as wearable medical devices, fueling the growth of remote patient monitoring capabilities. Increasing occurrence of chronic diseases also led to the rise in demand for wearable sensors due to the people’s changing lifestyle.

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Increasing aging population is also another major factor for the growth of this market, as they need constant monitoring and diagnosis. As sensors are being used as implants and embedded in wearable devices for monitoring purposes, they are gaining more popularity and demand from the healthcare sector.

Rising investments on research and development efforts are also expected to witness positive growth for this market in the near future.

North America is leading the Sensors in Healthcare Applications Market by holding the largest share currently. Asia-Pacific is projected to witness the highest growth rate till the end of the forecast period.

Europe is also exhibiting positive growth rate followed by Rest of the World. Among all sectors, therapeutic and diagnostic sectors are gaining driving high growth for the market.

Segmentations & Key Players Involved in the Sensors in Healthcare Applications Market

The Sensors in Healthcare Applications Market can be broken down into various segmentations on the basis of -

  • Type: Temperature Sensors, Pressure Sensors, Chemical Sensors, Flow Sensors, Position Sensors, Level Sensors, Biosensors and Others.
  • Application: Diagnostics, Patient Monitoring, Therapeutics, Imaging and Others.
  • Region: Americas, Europe, Asia-Pacific and Rest of the World.

Some of the key players involved in the Sensors in Healthcare Applications Market are as follows:

  • Abott Laboratories
  • Freescale Semiconductor, Inc
  • Medtronic, Inc.
  • Texas Instruments
  • Bio-Rad Laboratories, Inc.

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Why this report is worthy?

* The overall market has been consolidated from the perspective of different geographic locations and key economies for this market.

* Identifies growth sectors and factors driving or constraining the market.

* The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.

* The study includes the demand of this particular market on a global and regional scale for a five year period of 2016 - 2021, to assess how the market will develop.

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Category: Market Research Publishers and RetailersCompany profile: IndustryARC is a Research and consulting firm that publishes more than 500 Reports Annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in ...