THE GLOBAL MEDICAL SENSORS MARKET SIZE WAS VALUED AT USD 2.17 BILLION IN 2020 AND IS EXPECTED TO REACH USD 2.31 BILLION BY 2026, GROWING AT A CAGR OF 1.04%

The Global Medical Sensors Market Share, Size & Trends Analysis by Product Type (Force Sensors, Airflow Sensors, Pressure Sensors, Temperature Sensors, Humidity Sensors, and Others), By Mechanism (Physical, Biomedical, and Chemical), By Application (Diagnostics & Imaging, Patient Monitoring, Medical Implants & Endoscopy, and Others), and By Geography (North America, Europe, APAC, Latin America, Middle East and Africa) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021–2026.

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Most Exhaustive Report

337 Pages

135 Tables

159 Charts

5 Regions

18 Countries

34 Companies

4 Market Segment

MEDICAL SENSORS MARKET SCOPE

Report Attribute Details
MARKET SIZE (REVENUE) USD 2,310.41 MILLION (2026)
CAGR 1.04% (2021-2026)
BASE YEAR 2020
FORECAST YEAR 2021-2026
MARKET SEGMENTS By Product Type (Force Sensors, Airflow Sensors, Pressure Sensors, Temperature Sensors, Humidity Sensors, and Others), By Mechanism (Physical, Biomedical, and Chemical), and By Application (Diagnostics & Imaging, Patient Monitoring, Medical Implants & Endoscopy, and Others)
GEOGRAPHIC ANALYSIS North America, Europe, APAC, Latin America, Middle East and Africa
COUNTRIES COVERED US, Canada, Germany, UK, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, and Turkey

MEDICAL SENSORS MARKET OVERVIEW

The medical sensors market size was valued at USD 2,171.30 million in 2020 and is expected to reach USD 2310.41 million by 2026, growing at a CAGR of 1.04%. The rise of IoT in healthcare has led to the development of advanced medical devices integrated with sensors. Integrating patient monitoring devices with sensors raised the adoption of wearables and remote monitoring systems for managing health conditions. Advancements in MEMS technology have further increased the applications of sensing technologies in the healthcare and medical industries.

KEY HIGHLIGHTS

  • The increased incorporation of sensors into healthcare devices, high demand for wearable sensors, and rise in advancements of IoT-based healthcare have contributed to the growth of the medical sensors industry. 
  • By geography, North America dominated with the highest share of 37.78% in the global medical sensors industry in 2020. 
  • The outbreak of COVID-19 has increased the demand for respiratory devices and remote monitoring wearables incorporated with different types of medical sensors.
  • TE Connectivity acquired approximately 72% of the outstanding shares of First Sensor AG, a provider of sensing solutions based in Germany.

MEDICAL SENSORS MARKET SEGMENTATION

This research report includes a detailed segmentation by-

  • Product type
  • Mechanism
  • Application
  • Geography

MEDICAL SENSORS MARKET SEGMENTS

  • In 2020, force sensors accounted for a share of 23.12% in the global medical sensors market. Most of the therapeutic and drug delivery devices require a change in force to function. This change in force is either made automatically by the device or manually by the patient. Therefore, incorporating force-sensing technology into drug-delivery and therapeutic devices can go a long way in addressing patient needs.
  • Physical sensing devices are most commonly used and have contributed to military, agriculture, aerospace, and industry development. These sensors are also utilized in other advanced applications, such as wearable consumer electronics, electronic skins, smart medical prosthetics, and soft robotics, and are not limited to healthcare monitoring. Therefore, they share the highest share of 43.84% in the market.
  • Health diagnostics serve to investigate the causes of various diseases or functional disorders. Imaging methods such as ultrasound, computer tomography, and magnetic resonance tomography play an important role. The global medical sensors market by diagnostics & imaging is expected to reach USD 794.39 million by 2026, growing at a CAGR of 0.71%.

GEOGRAPHICAL ANALYSIS

  • North America: The market in this region is growing majorly due to the high adoption of sensors in medical devices, constant increase in the aging population with growing life expectancy, rise in the number of hospitals and related diagnostic services. It can also be attributed to the increased use of infusion pumps and ventilators integrated with sensors.
  • Europe: There has been a huge demand for sensors and wireless technology in various sectors such as industrial, automotive, and others. The latest advancements of sensors in portable and digital technologies for assessing various healthcare parameters are further driving the market in this region.
  • APAC: Japan, India, South Korea, and Australia are the major revenue contributors in this region. The market is expected to witness high growth during the forecast period due to the rapid rise in the elderly population and various disorders requiring early diagnosis. Other factors associated with the growth of the market in the region include constant advancements in health equipment and growing awareness regarding IoT-based applications. 

VENDOR ANALYSIS

  • The key companies in the market are TE Connectivity, STMicroelectronics, Sensirion AG, ON Semiconductor Corporation, Tekscan, NXP Semiconductors, and Amphenol Corporation.
  • Established companies can constantly involve themselves in acquisition, partnerships, and collaborations with emerging players to diversify their portfolios.
  • In 2021, Sensirion finalized the acquisition of the Dutch micro gas chromatography company, Qmicro, which will expand its portfolio of gas sensor solutions to the high-precision sector.
  • The medical sensor manufacturers made major product developments and advancements. For example, to the increased demand for sensors during the COVID-19 pandemic, Sensirion developed a new gas flow sensor optimized for respiratory applications, the SFM3019.
  • Viomedex is a supplier and manufacturer of innovative medical disposable devices and is growing fast in the disposable medical sensors market.

The global medical sensors research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:

  • By Product Type
    • Force sensors
    • Airflow sensors
    • Pressure sensors
    • Temperature sensors
    • Humidity sensors
    • Others
  • By Mechanism
    • Physical
    • Biomedical
    • Chemical
  • By Application
    • Diagnostics & imaging
    • Patient monitoring
    • Medical implants & endoscopy
    • Others
  • By Geography
    • North America
      • US
      • Canada
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Spain
    • APAC
      • China
      • Japan
      • India
      • South Korea
      • Australia
    • Latin America
      • Brazil
      • Mexico
      • Argentina
    • Middle East and Africa
      • South Africa
      • Saudi Arabia
      • Turkey

Frequently Asked Questions

The global medical sensors market was valued at USD 2,171.30 million in 2020 and is expected to reach USD 2310.41 million by 2026
APAC region has the highest growth rate in the medical sensors market.
This medical sensors market research report includes a detailed segmentation by product type, mechanism, application, and geography.
The key driving factors are the rise in advanced wearable devices and home healthcare services, novel materials used in medical sensors, and the growing usage of biomedical sensors.
The key companies in the market are TE Connectivity, STMicroelectronics, Sensirion AG, ON Semiconductor Corporation, Tekscan, NXP Semiconductors, and Amphenol Corporation.
Demand for medical ventilators and oxygen concentrators has incredibly increased in the past months since 2020 due to COVID-19. Medical sensors are an essential part of these devices, thereby surging the demand.
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