Home > Semiconductors & Electronics > Sensors > Medical Sensors Market

Medical Sensors Market Share

Report ID: GMI7279
Published Date: Nov 2023
Report Format: PDF

Download Free Sample

Medical Sensors Market Share

The medical sensors industry is highly competitive owing to the presence of key players such as:

Amphenol Corporation
Analog Devices
Honeywell Inc.
STMicroelectronics
TE Connectivity
Texas Instruments

Significant investments in R&D to gain technological competitiveness and aggressive business strategies including technological launches, collaborations & long-term agreements with clients to capture market share are positively impacting market growth.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size for medical sensors was valued at over USD 15 billion in 2022 and is estimated to record more than 10% CAGR between 2023 and 2032.

The bio sensor segment share was over 24% in 2022 and is estimated to register about 11% CAGR from 2023 to 2032 as these sensors play a crucial role in healthcare and medical research by providing real-time data on various health-related parameters.

North America market size for medical sensors was over 33% in 2022 and is expected to grow through 2032 owing to the high prevalence of inadequate inhalers for asthma attacks, well-developed infrastructure, favorable reimbursement regulations, and rapid adoption of advanced medical technologies across the region.

Amphenol Corporation, Analog Devices, Honeywell Inc., STMicroelectronics, TE Connectivity, and Texas Instruments.