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Forecast Study on the Global Medical Sensors Market (2019-2023): Growing Demand for Digital Medicine & Sensor-Enabled Pills

/EIN News/ -- Dublin, April 17, 2019 (GLOBE NEWSWIRE) -- The "Global Medical Sensors Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The medical sensors market will register a CAGR of 9% by 2023.

The rising demand for medical sensors in home care settings will trigger the growth of the market in the forthcoming years

The demand for medical sensors is further boosted by the increasing adoption of medical sensors among end-users such as home care settings. In addition, due to the rise in medical treatments in hospitals and clinics, patients are shifting from treatment in hospitals to home healthcare services.

Furthermore, portable medical devices are further being adopted by the end-users because of the growing need for remote patient monitoring. As a result, the demand for medical sensors continues to grow as it eliminates the need for patients to frequently visit hospitals for check-ups.

Increasing adoption of medical sensor technology

One of the growth drivers of the global medical sensors market is the increasing adoption of medical sensor technology. The increase in R&D activities, coupled with product innovations, has led to driving the global medical sensors market during the forecast period.

Lack of reimbursement policies

One of the challenges in the growth of the global medical sensors market is the lack of reimbursement policies. The lack of reimbursement policies provided by health insurance companies is leading to the low adoption of medical technologies such as medical sensors, thereby hindering the growth of the market.

Competitive Landscape

The market appears to be moderately concentrated with the presence of a few market players. Vendors in the market are increasingly focusing on improving their distribution networks and ensuring the availability of medical sensors to end-users such as hospitals and clinics.

This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.

Key Players

  • First Sensor AG
  • Honeywell International Inc.
  • Medtronic
  • NXP Semiconductors
  • Smiths Group PLC

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY END-USER

  • Comparison by end-user
  • Hospitals - Market size and forecast 2018-2023
  • Clinics - Market size and forecast 2018-2023
  • Home care settings - Market size and forecast 2018-2023
  • Market opportunity by end-user

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • Asia - Market size and forecast 2018-2023
  • RoW - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Increasing applications of wireless sensors and wearable detecting devices
  • Growing demand for digital medicine and sensor-enabled pills
  • Increasing industry developments

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • First Sensor AG
  • Honeywell International Inc.
  • Medtronic
  • NXP Semiconductors
  • Smiths Group PLC

For more information about this report visit https://www.researchandmarkets.com/r/u0waln

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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Related Topics: Medical Devices

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