The study involved four major activities in estimating the current size of the medical sensors market —exhaustive secondary research collected information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Various secondary sources have been referred to in the secondary research process for identifying and collecting information important for this study. These secondary sources include high-speed data converter technology journals and magazines, annual reports, press releases, investor presentations of companies, white papers, certified publications and articles from recognized authors, and directories and databases such as Factiva, Hoovers, and OneSource.
Primary Research
Various primary sources from both supply and demand sides have been interviewed in the primary research process to obtain qualitative and quantitative information important for this report. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the medical sensors market. After complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information as well as to verify and validate the critical numbers arrived at.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the complete market estimation process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the medical sensors market and other dependent submarkets listed in this report.
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Extensive secondary research has identified key players in the industry and market.
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In terms of value, the industry’s supply chain and market size have been determined through primary and secondary research processes.
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All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Medical Sensors Market: Bottom-Up Approach
Medical Sensors Market: Top-Down Approach
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the global market has been split into several segments and subsegments. Market breakdown and data triangulation procedures have been employed wherever applicable to complete the overall market engineering process and arrive at exact statistics for all segments and subsegments. The data has been triangulated by studying several factors and trends identified from both the demand and supply sides.
Market Definition
Medical sensors detect electrical or optical signals and provide a method for those signals to be measured and recorded. The physical properties that can be measured using these sensors include temperature, pressure, vibration, flow rates of liquids and gases, amplitudes of electrical and magnetic signals, and concentration of various substances. The medical sensors market is likely to witness significant growth owing to the increasing demand for advanced and connected medical devices. Increasing investments by governments and private organizations in healthcare have enabled device manufacturers to provide advanced medical devices for improved patient monitoring and diagnosis. The integration of advanced technologies, such as IoT, in medical devices has increased the demand for medical sensors.
Key Stakeholders
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Original equipment manufacturers (OEMs)
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Original device manufacturers (ODMs)
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Sensor manufacturers
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Manufacturers of semiconductor components and devices
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Providers of medical technologies
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Providers of medical devices software validation and testing services
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Government bodies such as regulatory authorities and policymakers
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Industry associations, organizations, forums, and alliances related to semiconductors, sensors, and medical equipment
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Research institutes and organizations
Report Objectives
The following are the primary objectives of the study.
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To forecast the size of the medical sensors market, in terms of value, based on sensor type, end-use product, medical procedure, medical facility, medical device classification, and region
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To define, describe, and forecast the medical sensors market size, in terms of volume, based on sensor type
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To describe and forecast the market, in terms of value, for various segments across four main regions: Americas, Asia Pacific, Europe, and the Middle East & Africa
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To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the market
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To study the complete value chain and related industry segments and conduct a value chain analysis of the medical sensors market landscape
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To strategically analyze the ecosystem, regulatory landscape, patent landscape, Porter’s Five Forces, import and export scenarios for products covered under HS code 901813 trade landscape, and case studies pertaining to the market under study
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To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contributions to the overall market
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To analyze opportunities for stakeholders by identifying high-growth segments in the market
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To strategically profile the key players and provide a detailed competitive landscape of the medical sensors market
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To analyze strategic approaches adopted by the leading players in the medical sensors market, including product launches/developments and acquisitions
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information:
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Detailed analysis and profiling of additional market players (up to 5)
IBRAHIM
Jan, 2019
I am collecting information on medical sensor industry for a case study on the industry and not a particular company to use the info. Would be interested in receiving sample and brochure for this report. .
Syed
Feb, 2019
Interested in knowing about sensors in medical industry like tempertaure sensors, pressure sensors, ingestible sensors, and blood monitoring sensors..
Syed
Feb, 2019
Have you included wearable elctonics sensors in your study ? Would be interested in knowing major companies manufacturing these type of component?.
FAITH
May, 2016
What level of information have been provided with respect to startup operating in this market. Do you provide competitor analysis data for startups companies..
Bruce
Sep, 2013
Consulting for small tech company interested in Pressure & Position Sensors for Monitoring and Diagnostic Market Segments (US Primary, Global secondary)..
Rebecca
Dec, 2018
I am looking into medical sensors that may be used for my individual project for my fourth year Product Design Engineering degree. What discount is available for student copy ?.
Shane
Aug, 2018
I am interested to learn if the application segmentation in the Medical Sensors report goes one level deeper than: Diagnostics, Monitoring, Medical therapeutics, Imaging, Wellness and fitness..
Ebole
Apr, 2016
Looking for specific data for sensors for temperature, heart beat and skill conduction. Currently, researching on human emotion detection system. What level of information you can provide to us ?.
Anoop
Jan, 2019
Would like to know the trends and business opportunities world wide for various medical sensors prevailing in this industry. Also would like to know the feasibility of a start-up in the medical sensors industry..
Hubertus
Dec, 2013
Hi, we are a startup, working on different medical devices what can be used simultanious on smartphones tablets and smartwatches, with a patents filled. I would be intersting how big is the market for fever thermometers in US EU world If you could help us this would be very nice, best regards Hubertus .
ANGEL
Oct, 2017
I am developing a network :Wireless body area networks (WBANs) signify emerging technology with the potential to revolutionize health care by allowing unobtrusive health monitoring for extended periods of time.I need wireless sensors for :A typical WBAN consists of a number of inexpensive, lightweight, and miniature sensor platforms, each featuring one or more physiological sensors: motion sensors, EEGs, EMGs, electrocardiographs (ECGs). The sensors could be located on the body as tiny intelligent patches, integrated into clothing, or implanted below the skin or muscles. Have you covered this level of detail analysis in your project ?.
JEEVAN
Jan, 2016
Data required for the following 3 sensor types: 1)respiratory gas monitors 2)oximetry (pulse oximeters) 3)capnography (capnometry) . What level of information is available for these products?.