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Medical Sensors Market is Expected to Reach USD 15.5 Billion Globally in 2019: Transparency Market Research
Date:12/5/2013

NEW YORK, December 5, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research "Medical Sensors Market (Biosensors, Pressure, Image, SQUID, Temperature and Flow Sensors, Accelerometers, Surgical, Diagnostic, Monitoring and Therapeutic Applications) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global market for medical sensors was valued at USD 10.1 billion in 2012 and is expected to reach a value of USD 15.5 billion in 2019, growing at a CAGR of 6.3% from 2013 to 2019.

Browse the full report with complete TOC at http://www.transparencymarketresearch.com/medical-sensors-market.html.

Increasing focus on developing wearable and implantable sensors that enable real time sensing of health parameters would lead to a significant growth in the global medical sensors market. Rise in demand for point-of-care diagnostics and monitoring is leading to advancement in new sensing technologies such as MEMS (micro-electro-mechanical-systems) and CCD. Besides the introduction of new sensing technologies, other factors driving the global medical sensors market include rapid growth of the global geriatric population, presence of high unmet healthcare needs, rising worldwide incidences of chronic diseases and increasing healthcare costs.

Globally, the biosensors market accounted for the majority of the market share in 2012 and is expected to maintain its market position till 2019 due to its rising usage in healthcare applications such as in wearable sensor-based devices, ingestible and implantable devices, cancer diagnosis and other monitoring devices. The advent of SQUID sensors in diagnosing equipment such as MRI, MEG, MFI (magnetic field imaging) and magnetogastrography would help the global SQUID sensors systems market expand at a relatively faster
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