Medical Sensors Market Expected to Reach US$ 18.7 Bn in 2023 Health Articles | May 4 Chris Paul Kids Jersey , 2016
Transparency Market Research Report Added "Medical Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023"
According to a new market research report published by Transparency Market Research “Medical Sensors Market - Global Industry Analysis Ryan Anderson Youth Jersey , Size, Share, Growth, Trends and Forecast 2015 - 2023” the global medical sensors market was valued at US$ 10.0 Bn in 2014 and is estimated to reach a market value of US$ 18.7 Bn in 2023 expanding at a CAGR of 7.0% from 2015 to 2023.
Medical sensors is a device that respond to a physical stimulus (as heat, pressure Eric Gordon Youth Jersey , sound, magnetism, and a motion) and transmits a resulting impulse to measure operating a control. The global medical sensors market is driven by increasing incidences of chronic diseases such as cancer, cardiovascular, and respiratory. In addition Trevor Ariza Youth Jersey , factors such as aging population and rising customer preference for home health care contribute to the market growth. However, high price of sensors such as SQUID and biosensors is expected to hamper market growth. The global medical sensors market was valued at US$ 10,000 Mn in 2014 and is expected to reach US$ 18,741.3 Mn by 2023, expanding at a CAGR of 7.0% from 2015 to 2023.
The market of Biosensors captured about 47.4% share of market in 2014 and is expected to dominate the market during the study period. Growth of this segment was due to its wide application in health care such as blood glucose monitoring Hakeem Olajuwon Youth Jersey , cholesterol and pregnancy tests, and tests for drug abuse and pathogens causing infectious diseases. The image sensors segment is considered as one of the lowest revenue generating segment in 2014. High cost and low demand for this sensor in emerging economies
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