Medical Sensors Market In-Depth Research On Basis Of Product, Application Area, End-Use, Region And Forecast To 2024 

08/apr/2020 14:59:59 Grand View Research Contatta l'autore

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Medical Sensors Market

San Francisco, 8  April 2020: The Report Medical Sensors Market Analysis, By Product (Pressure Sensors, Temperature Sensors, Image Sensors, Accelerometers, Biosensors, Flow Sensors, SQUID Sensors), By Application Area (Surgical, Diagnostic, Therapeutic, Monitoring), By End-use (Hospitals, Physician Offices, Nursing Homes, Home Healthcare) And Segment Forecasts To 2024

The medical sensors market is expected to reach USD 18.5 billion by 2024, according to a new report by Grand View Research, Incite upsurge in the number of patients afflicted with chronic conditions, such as diabetes and hypertension, is fueling the usage of monitoring as well therapeutic devices, thus boosting the market demand. 

In the grave times of COVID-19 pandemic spreading all around the world, patient monitoring in the isolation facilities as well as quarantine facilities has grown in importance. And to aid the medical workers at the frontline, sensors play an important role in patient monitoring process, giving hints of defect very quickly, leading to saving human lives. This reaon has boosted the demand in the medical sensors market.

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Recent developments in Medical Sensors

  • Analog Devices, Inc.(ADI) has announced a collaboration with LifeQ to develop technology that will make it possible for non-invasive body monitoring devices to provide highly accurate physiological data that currently is only available through the use of expensive, invasive and hard-to-access equipment.
  • TE Connectivity Ltd. has completed its public takeover of sensor technology company First Sensor AG. TE now holds 71.87% shares of First Sensor. The global components supplier first launched a tender offerfor First Sensor in June 2019. Seeking to expand its sensor portfolio, TE also acquired Elmos Semiconductor AG, a pressure sensor supplier, September 2019.
  • One of the most well-known studies on wearable healthcare technology so far is the Apple Heart Study, which demonstrated the possibility of smartwatch-based atrial fibrillation screening. They are now currently partnering with Johnson & Johnson in a large-scale clinical trial, to not only screen for the condition but actually detect the condition and treat it as well.
  • Shanghai Public Health Clinical Center (SPHCC), was using California-based connected health startup VivaLNK’s continuous temperature sensor to monitor COVID-19 patients, which reduces the risks of caregivers being exposed to the virus. SPHCC recently announced that they are using Bluetooth IoT products and solutions provider Cassia Network’s gateways, together with VivaLNK’s medical wearable sensors to monitor COVID-19 patients.

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