How big is the Medical Sensor Market?

The Medical Sensor Market size is expected to reach USD 7.76 billion in 2024 and grow at a CAGR of 10.24% to reach USD 12.63 billion by 2029. Read More

What is the current Medical Sensor Market size?

In 2024, the Medical Sensor Market size is expected to reach USD 7.76 billion. Read More

Which is the fastest growing region in Medical Sensor Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Medical Sensor Market?

In 2024, the North America accounts for the largest market share in Medical Sensor Market. Read More

What years does this Medical Sensor Market cover, and what was the market size in 2023?

In 2023, the Medical Sensor Market size was estimated at USD 6.97 billion. The report covers the Medical Sensor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Medical Sensor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Medical Sensor Market Size & Share Analysis - Industry Research Report

Medical Sensors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Medical Sensors Market Report is Segmented by Type (Flow Sensor, Bio Sensor, Temperature Sensor, Pressure Sensor, and Other Types), Application (Clinical Application and Consumer Application), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Medical Sensors Industry Overview

The medical sensor market is highly fragmented due to the presence of both global players and small and medium-sized enterprises. Some of the major players in the market are GE Healthcare Inc., STMicroelectronics NV, Honeywell International Inc., TE Connectivity Ltd (First Sensors AG), and Omron Corporation. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

February 2024: GE HealthCare and Biofourmis announced a strategic collaboration to enhance continuity of care by enabling safe, effective, and accessible care in the home to support the patient's journey beyond the hospital setting. The partnership leverages the combined expertise of two market leaders to scale and deliver innovative care-at-home solutions.
February 2024: STMicroelectronics, one of the global semiconductor leaders serving customers across the spectrum of electronics applications, and Mobile Physics, a software development start-up specializing in environmental physics, revealed a partnership that enables smartphones and other devices to measure household and ambient air quality with a built-in optical sensor.