Medical sensors including pressure, force, airflow, oxygen, pulse oximetry, temperature, and barcode sensing etc. Sensors embedded in medical devices can improve patient care, comfort, enhance healthcare professionals’ performance and reduce healthcare costs. Therefore they are widely used in medical devices within intensive care units, hospital wards, GP offices, lab equipment, dental practices, and in-home care products，as well as used in medical devices used to assist with the diagnosis, prevention, monitoring, and treatment of a disease or injury.
Due to COVID-19 pandemic, the global Medical Sensors market size is estimated to be worth US$ 1132.5 million in 2021 and is forecast to a readjusted size of USD 1886.3 million by 2028 with a CAGR of 7.6% during forecast period 2022-2028.
The sensors used within medical devices include pressure, force, airflow, oxygen, pulse oximetry, temperature, and barcode sensing etc. They are used in ventilators, anesthesia delivery machines, oxygen concentrator, dialysis machine and infusion pumps etc.
Medical Sensors is mainly used in Hospital, Clinic, Household (Home Care Products). The representative application is Hospital, accounting 45.28% market share in terms of sales in 2021.
The price of Medical Sensors differs from company to company, as there is a great difference in terms of technology, accuracy, and function, etc. The average price is increasing yearly in general, for the raw material (sensitive component, conversion component, measuring circuit, auxiliary power supply etc) price and labor cost etc combined factors.
The representative players in global Medical Sensors market are TE Connectivity, Medtronic, Texas Instruments, STMicroelectronics and Analog Devices, accounting for 43.22% market share in terms of revenues in 2021. The market concentration rate is high. Players are concentrated in United States and Europe.
The representative production regions in this market are United States, Europe, China and Japan, with more than 80% market share in 2021 and representative consumption regions are North America, Europe and Asia-Pacific.
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