Medical Sensors Market: Asia Pacific to Take Over as Leading Region

1. Medical Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023 The unequivocal rise in the number of chronic conditions has created a huge demand for a novel method of diagnosing, treating, and managing them. The ongoing technological revolution that is merging the demands of the healthcare industry and patients’ needs is relentless trying to solve this issue with the introduction of medical sensors. As these medical devices help in monitoring health conditions by converting physical components into electrical signals they are being popularly used by patients and physicians alike. Transparency Market Research states that the opportunity of the global medical sensors market was US$1,452.8 mn in 2015 and is expected to reach US$2,476.8 mn in 2024, as the market expands at a CAGR of 6.1% from 2015 to 2024. The growing pool of geriatrics will be the underlying reason for the astounding success of the medical sensors. Their increasing adoption will be attributable to the saddening rise in cancer, hypertension, diabetes, and other cardiovascular diseases across the globe. The incorporation of medical sensors in several conventional medical devices helps in alerting patients of potential problems, thereby bringing in an accuracy disease management to a reliable extent. Additionally, a score of laboratories are deploying medical sensors for automating processes and establishing efficiency in the final output. Yet another incentive for laboratories to use medical sensors is that they eliminate the cost of centrifugation, loading of the analyzers, and sorting amongst others. Browse Full Research Report on Antiviral Drugs Market: http://www.transparencymarketresearch.com/medical-sensors- market.html Amongst the various types of products developed with medical sensors, the biosensors are expected to surpass all shares. During the forecast period, the biosensors product segment will progress at a steady CAGR of 7.5%. World

2. Health Organization states that the number of diabetics will reach 366 million by the end of 2030. This alarming statistic will be attributable to the increasing number of diabetics who require frequent monitoring of blood sugar levels. This product segment will also be fueled by a large number of end users seeking wireless, portable, and smartphone compatible devices. As of 2014, North America accounted for a share of 35.6% in the global market due to higher consumer awareness and a huge support systems for health monitoring initiatives. The preference for minimally-invasive surgeries has also been at driving the demand for medical sensors in North America. However, analysts predict that Asia Pacific will report the highest growth rate in the forecast period as the region leads the world with a high number of diabetics and patients suffering from respiratory disorders. Furthermore, the strengthening economies of India, China, Malaysia, and Australia will also fuel the demand for medical sensors are they look at upgrading their medical facilities and infrastructure. The chief operating players in the global medical sensors market are Danaher Corporation, Honeywell International, Measurement Specialties. Strategic mergers and acquisitions to create strong product portfolios is the ongoing trend amongst these companies. However, increasing and channelizing research and development strategies towards achieving results will also help companies achieve an impressive share in the global market. Browse Full Press Release on Antiviral Drugs Market: NXP Semiconductors, and Press Release

3. About Us Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports. Contact Us Transparency Market Research State Tower, 90 State Street, Suite 700, Albany NY - 12207 United States USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com