Global Invasive Sensors Market Size, Share & Trends Analysis Report by Product Type (Biosensor, Image Sensor, Temperature Sensor, and Pressure Sensor), by Application (Imaging, Surgical, and Monitoring), and by End-User (Hospitals and Diagnostic Centers, Ambulatory Surgical Centers, and Research Laboratories) Forecast Period (2022-2028)
The global invasive sensors market is anticipated to grow at a substantial CAGR of 10.1% during the forecast period. Factors such as investment in R&D and increasing demand for portable and wearable medical devices are also expected to drive market growth in the forecast period. However, various major factors act as barriers in the market such as the high cost of the sensors and inadequate reimbursement policies.
The global invasive sensors market is segmented based on product type, application, and end-user. Based on the product type, the market is segmented into a biosensor, image sensors, temperature pressure, and pressure sensor. Based on the application, the market is sub-segmented into imaging, surgical, and monitoring. Based on the end-user, the market is augmented into hospitals and diagnostic centers, ambulatory surgical centers, and research laboratories. The above-mentioned segments can be customized as per the requirements. Among the product type, the image sensor segment is expected to hold a considerable share in the market over the forecast period. The various launches in the image sensor are propelling the growth of the market. For instance, in March 2021, OmniVision launched its smallest medical CMOS image sensor to enable deeper endoscopy procedures into the smallest parts of the anatomy.
Geographically the global invasive sensors market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Among all regions, the Asia-Pacific region is expected to be the fastest-growing region during the forecast period. The developing technology along within increasing transformation in healthcare infrastructure is fueling the growth of the market. The growing geriatric population is also another factor supporting the growth of the market.
The major companies serving the global invasive sensors market include Abbott Laboratories, Inc., GE Healthcare, Koninklijke Philips N.V., Medtronic PLC, Medical Device Business Services, Inc., NXP Semiconductor N.V., Sanofi S.A., Siemens AG, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in October 2019, OmniVision created the world's smallest commercially-available image sensor. The OmniVision OV6948 is an ultra-compact 1/36-inch backside-illuminated sensor that measures just 0.575mm x 0.575mm. The sensor, designed specifically for medical applications, features a resolution of 200 x 200 pixels, a 120-degree field of view, a 30 fps framerate, and 1.75 µm pixels.
Research Methodology
The market study of the global invasive sensors market is incorporated by extensive primary and secondary research conducted by the research team at research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
- Financial reports of companies involved in the market.
- Whitepapers, research papers, and news blogs.
- Company websites and their product catalog.
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
- Global Invasive Sensors Market Research and Analysis by Product Type.
- Global Invasive Sensors Market Research and Analysis by Application.
- Global Invasive Sensors Market Research and Analysis by End-User.
The Report Covers
- Comprehensive research methodology of the global invasive sensors market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global invasive sensors market.
- Insights about market determinants that are stimulating the global invasive sensors market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Abbott Laboratories, Inc.
- Analog Devices, Inc.
- Bayer AG
- Danaher Corp.
- DexCom, Inc.
- First Sensor AG
- GE Healthcare
- GLUSENSE Ltd.
- Honeywell International, Inc.
- Koninklijke Philips N.V.
- Medtronic PLC
- Medical Device Business Services, Inc.
- NXP Semiconductor N.V.
- OmniVision Technologies, Inc.
- Orthosensor, Inc.
- Pinnacle Technology
- Sanofi S.A.
- Siemens AG
- Smiths Medical Group Ltd.
