The global biomedical sensors market has been segmented into different categories based on type as physical, biological, chemical, and electrical. Applications of biomedical sensors can be classified into invitro and invivo terms of the mode of treatment. The biomedical sensor may include different platforms for parameters such as temperature, physical, oximetry, imaging EKG, force etc. The demand for more customized sensors that are used in our house expertise to incorporate multiple base sensor technologies that meet customer care multiple application requirements. The global market represents the key geographies and countries of this industry. Competitive landscape for each of these parameters is highlighted and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. Biomedical sensor market shares of the key players for 2015 are provided.
Sample Companies Profiled in this Report are:
- Hansen Medical,
The report contains the most detailed and in-depth segmentation of the global biomedical device market.
North America is the major revenue contributor for the biomedical sensor market, but the European market is also expected to grow rapidly, owing to large number of vendors of medical sensors. The main driving factors for the growth in this market are rapidly aging population and expansion of home healthcare market in North America. The Asian market for biomedical sensors also has a vast potential for growth, especially in India and China, due to increased penetration of sensors in the healthcare segment in these countries.
There is a huge scope for development of innovative healthcare products due to convergence of sensors, digital apps, and wireless technologies, demonstrated by the growing number of smartphone and tablet users. A large number of companies are investing in research in these products and increased funding from government agencies is likely to result in launch of innovative biomedical sensors like wearable and implantable sensors in the biomedical sensor market in the coming years. Recently, MC10, Inc., a developer of electronic systems, signed a contract to develop a military version of its smart tattoo that can be temporarily attached to the skin like an adhesive bandage and wirelessly transmit the wearer's vital signs to a phone or computer. In July 2012, Proteus Digital Health signed an agreement with Otsuka Pharmaceutical Co. Ltd. to develop new medicines based on Proteus Health’s FDA-approved sensor-based technologies. Such agreements signify the growth potential of novel biomedical sensors.
Recent industry acquisitions such as shape-sensing technology of Luna Innovations Inc. by Intuitive Surgical, First Sensor AG/Augusta Technologies AG, St. Jude Medical/CardioMEMS surely guarantee the potential growth in biomedical sensor market. The market for the medical alert systems will be dominated by USA till 2020 along with significant growth in Asia-Pacific and European markets.