Global Medical Sensors Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Medical Sensors Market 2021 (Includes Business Impact of COVID-19)
Global Medical Sensors Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global medical sensors market report has been segmented on the basis of sensor type, deployment, end user, and region.
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The global Medical Sensors market size was valued at USD$3.79 billion in 2020 and is projected to reach $9.44 billion by 2030, and is anticipated to expand at a CAGR of 9.36% over the forecast period from 2020 to 2030.


Global Medical Sensors Market: Overview


Medical sensors are electronic sensor used in medical equipments, devices, and probes for diagnosis, treatment, and control activities. They are available in variable sizes to measure certain parameters such as temperature, gas content, flow rate, humidity, pressure, velocity, etc. in physical, biological, and chemical processes. Medical sensors provide accuracy, stability, reliability while analyzing sample or the object. They are also used for customized devices and its applications. Specific types of sensors are used for certain application i.e., camera sensors and image sensors are used for X-ray, ultrasound, etc.


Global Medical Sensors Market: Dynamics


Increasing demand for advanced sensors based medical instruments and devices from various end users such as hospitals, specialty clinics, and ambulatory surgical centers, is a major factor driving growth of the global medical sensors market. In addition, demand for personalized healthcare systems for patients, is another factor supporting growth of the global market. Rising awareness and adoption regarding medical wearables among end users is a factor expected to fuel growth of the target market. Furthermore, increasing research and development activities for improvement and new medical equipments to improve patient care and safety, is also expected to bolster growth of the global medical sensors market in the near future.

However, high cost of advanced sensor based medical equipments may hamper demand for medical sensors and restrain growth of the global medical sensors market during the forecast period. Nevertheless, availability of small sized medical sensors based compact medical devices can create high revenue opportunities for growth of the target market. in addition, rising trend of wireless devices among consumers is another factor anticipated to support growth of the global market.


Global Medical Sensors Market: Segment Analysis


On the basis of sensor type, the ECG sensors segment dominates the global market and expected to maintain its dominance in the near future. ECG equipment is easy to use and can be used by patients at homecare is a factor supporting growth of this segment in the target market.

On the basis of application, the monitoring segment is expected to witness high growth in terms of revenue over the forecast period. Monitoring devices are designed for regular monitoring of the patients and also used by patients in case of long terms illness.


Global Medical Sensors Market: Regional Analysis


Market in North America accounts for significant share in terms of revenue, owing to increasing adoption rate for technologically advanced medical devices among end users. The North America is also anticipated to account for lucrative growth over the forecast period. Europe medical sensors market accounts for second-highest share in terms of revenue over the forecast period owing to increasing demand for sensor based monitoring devices by end users in countries in the region. Market in Asia Pacific is expected to register a high growth rate in terms of revenue in the near future. increasing awareness regarding preventive measures and government initiatives to improve life expectance are factors supporting growth of the target market in the region.


Below are the active patents related to Medical Sensors Market.


Patent Number: US8588284B2

Systems and methods for networked wearable medical sensors

Abstract

A medical sensor system comprises a gateway comprising a wideband receiver and a narrow band transmitter, the each gateway configured to receive a wideband positioning frame using the wideband receiver from one or more wearable sensors and to transmit acknowledgement frames using the narrow band transmitter that include timing and control data for use by the sensors to establish timing for transmission of the positioning frame; and at least one wearable sensor comprising a wideband transmitter and a narrow band receiver, the sensor configured to transmit a sensor data frame to the gateway using the wideband transmitter and to receive an acknowledgement frame from the gateway using the narrow band receiver, extract timing and control information from the frame, and adjust the timing and synchronization of the wideband transmitter using the timing and control information.

Application File Date: 2011-06-01

Application Granted Date: 2013-11-19

Current Assignee: HIPO LLC Nant Holdings IP LLC

Patent Number: US6855115B2

Implantable wireless sensor for pressure measurement within the heart

Abstract

The progress of a endovascular cardiac repair can be monitored by inserting a pressure transducer sensor using a catheter into a chamber of the heart during endovascular repair and then using a small, hand-held read out device to measure pressure easily, safely, inexpensively and accurately. In one aspect a sensor is introduced into the body by the steps of folding or rolling the sensor into a cylinder, loading it into a catheter, and deploying into the heart chamber by allowing it to unroll or unfold, either by itself or facilitated by the incorporation of a super-elastic alloy component.

Application File Date: 2002-01-22

Application Granted Date: 2005-02-15

Current Assignee: St Jude Medical Luxembourg Holding II SARL

Patent Number: US20110005326A1

Sensor package assembly having an unconstrained sense die

Abstract

A pressure detection mechanism having a pressure sense die which may be attached directly to a surface of an alumina-based substrate with an adhesive having an optimum thickness. The adhesive may be stress compliant and may be one or more of silicone, silicone-epoxy, epoxy or any other suitable adhesive material. A compensation and interface application specific integrated circuit may be attached to the surface of the package substrate. The pressure sense die may be electrically connected to the integrated circuit with bond wires. The integrated circuit may be electrically connected to trace conductors on the package substrate with bond wires, and trace conductors may be connected to stress compliant metal conductors or leads for external connection to a mounting surface such as a printed circuit board. Hard plastic, or like material, symmetric covers, with one or more pressure ports or vents, may be attached to both sides of the substrate.

Application File Date: 2010-06-30

Application Granted Date: 2012-12-04

Current Assignee: Honeywell International Inc

Global Medical Sensors Market Segmentation:

Segmentation by Sensor Type:

  
ECG Sensors
  
Inertial Sensors
  
Temperature Sensors
  
Motion Sensors
  
Blood Oxygen Sensors
  
Pressure Sensors
  
Blood Glucose Sensors
  
Image Sensors
  
Inertial Sensors

Segmentation by Application:

  
Monitoring
  
Imaging
  
Wellness and Fitness
  
Diagnostics
  
Medical Therapeutics

Segmentation by Sensors Placement:

  
Implantable Sensors
  
Ingestible Sensors
  
Strip sensors
  
Invasive/Non-Invasive Sensors
  
Wearable Sensors


Key Market Players included in the report:


  
Amphenol Advanced Sensors (US)
  
Analog devices Inc.
  
Avago technologies Ltd.
  
Cirtec Medical (US)
  
Danaher Corporation
  
EnviteC (Germany)
  
First Sensor (Germany)
  
GE Measurement &Control Solutions Inc.
  
Honeywell International Inc.
  
Innovative Sensor Technology (Switzerland)
  
Keller America (US)
  
Masimo (US)
  
Measurement Specialties Inc.
  
Medtronics Plc (Ireland)
  
Merit Medical Systems (US).
  
Messer Group GmbH
  
Micro-Epsilon Messtechnik GmbH Co. & KG
  
NXP Semiconductors (Netherlands)
  
OmniVision Technologies (US)
  
Proteus Digital Health (US)
  
Sensirion (Switzerland)
  
Smiths Medical
  
Stanley Healthcare (US)
  
Stellar technologies Inc.
  
Stmicroelectronics N.V.
  
TDK Sensors (Japan)
  
TE Connectivity Ltd.
  
Tekscan Inc (US)
  
Texas Instrument (US)


Below are the key development related to Medical Sensors Market in 2020 and 2021.


May 2021: Nemaura Medical Announces Order for 200,000 sugarBEAT® Sensors. Based on the success of the soft launch in the U.K., the Company is advancing discussions for joint launches in Germany, Saudi Arabia and UAE. Nemaura Medical, Inc. (NASDAQ: NMRD) (“Nemaura” or the “Company”), a medical technology company focused on developing and commercializing non-invasive wearable diagnostic devices and supporting personalized lifestyle coaching programs, announced receipt of a purchase order for 5,000 sugarBEAT® transmitters and 200,000 sugarBEAT® sensors from its U.K. licensee, DB Ethitronix Ltd, with an additional rolling monthly purchase order forecast for the next 24 months of 15,000 transmitters and 2.1 million sensors, with an option to increase volumes based on customer response.Source

February 2021: Medidata Launches Sensor Cloud, Ushering in Next Generation Solution for Connected Devices and Wearable Sensors in Clinical Trials. Unified solution simplifies and expedites sensor integration, data ingestion and analysis, and digital biomarker discovery. New technology will generate intelligent insights and help improve clinical outcomes. Medidata, a Dassault Systèmes company, announced the launch of Sensor Cloud, a transformative platform for managing a broad range of sensor and digital health technology data during the clinical trial process. Sensor Cloud seamlessly integrates with Medidata Rave Clinical CloudTM and supports continuous patient data collection from both Medidata and third-party medical-grade sensors. This innovation will provide a broader and deeper view into the patient. Source

November 2020: GE Healthcare Pioneers Photon Counting CT with Prismatic Sensors Acquisition. GE Healthcare invests in a unique approach to cutting-edge CT technology and acquires Prismatic Sensors AB, a leader in Deep Silicon detector technology for photon counting computed tomography (PCCT). GE Healthcare announced its acquisition of Prismatic Sensors AB, a Swedish start-up specializing in photon counting detectors, signifying the company’s continued investment in photon counting CT technology. This technology has the potential to establish a new standard of care in oncology, cardiology, neurology, and many other clinical CT applications. Source

April 2020: Samsung Announces Blood Pressure Monitoring Application for Galaxy Watch Devices. The Samsung Health Monitor app receives clearance from South Korea’s Ministry of Food and Drug Safety (MFDS); Enables users to easily and more conveniently monitor and track their blood pressure. Samsung Electronics announced that the Samsung Health Monitor app has been cleared by South Korea’s Ministry of Food and Drug Safety (MFDS), as a Software as a Medical Device (SaMD), making it a government-cleared, over-the-counter and cuffless blood pressure monitoring application. Source