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Sensors Market in Medical Applications
Frost & Sullivan, Sep 2010, Pages: 68
Pressure, temperature, flow, image, accelerometer, SQUD, encoder and biosensors are discussed in this study for various medical applications. Units have not been provided for the sensors in this research and the forecast is done in terms of revenues only. Sensors are defined as discrete sensing elements with or without an embedded intelligence, of reduced size, connected to an electronic system, that are able to measure physical, chemical, electrical parameters and the like. Sensors are NOT defined as a unit with other electronics or any other components. Therefore, the following have not been included in the calculation of the value of this market.
Research Overview
This Frost & Sullivan research service titled Sensors Market in Medical Applications provides research on different sensor types. The research examines industry challenges, market drivers and restraints and offers total market analyses by product and region. In this research, Frost & Sullivan's expert analysts thoroughly examine the following technologies: pressure, temperature, flow, accelerometer, bio-sensor, encoders, SQUID and image sensors.
Market Overview
Promise of Enhanced and Effective Healthcare to Boost Integration of Sensors into Medical Devices
The sensors market in medical applications is poised to continue experiencing an increase in revenue growth due to several factors including the constant demand from the healthcare sector for better and improved care, sensors’ rising importance in almost all medical devices, further developments in sensor technology and newer medical applications for sensors. Rising healthcare costs, aging population and the need for medical diagnosis and treatment in developing and underdeveloped regions are driving the sensors market in medical applications. In addition, various world economies are expected to continue to drive trends in the sensors market in medical applications, both from a growth perspective and technology/product advancement perspective.
“Sensors are playing an important role in enhancing safety and improving the quality of life in the healthcare arena,” notes V Sankaranarayanan, the analyst of this research. “Sensors’ advancements in inherent accuracy, intelligence, capability, reliability, small size and low power consumption are expanding their use in medical applications.” Sensors can increase the intelligence of life-supporting implants. They can be used in new types of monitoring applications to support a better quality of life for patients. In addition, the sensors can be used for identifying advanced symptoms and preventing serious illnesses, where possible.
The slower rate of penetration of advanced medical systems in developing regions remains a key constraint for the market. The penetration rate of most advanced products and technologies in developing and underdeveloped regions is always slower compared to the West. This is true for the medical sensors market as well.
“Educating end users and creating awareness about the benefits and role of advanced sensors in preventing illness and saving lives can boost the penetration rate,” advises the analyst. “In addition, as the prices of advanced medical sensors are reduced and made affordable, their penetration rate is set to increase in developing and underdeveloped regions.”
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By Technology
- Pressure sensors
- Temperature sensors
- Flow sensors
- Accelerometer
- Bio-sensor
- Encoders
- SQUID
- Image sensors
By Geographic Region
- North America
- Europe
- Asia Pacific
- Rest-of-world
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