Global biomedical temperature sensors market was valued at US$ 4.99 Billion in 2017 and is expected to reach US$ 8.68 Billion by 2022 growing at a CAGR of 4.5% during the forecast period 2017-2022

Kenneth research - Monday, February 11, 2019.
Enviado por Peter Jackson

Description

The Global biomedical temperature sensors market was valued at US$ 4.99 Billion in 2017 and is expected to reach US$ 8.68 Billion by 2022 growing at a CAGR of 4.5% during the forecast period 2017-2022. A temperature sensor is defined as a chip or device that reposes the process of sending data of any change in temperature as per the instruction. They effectively monitor and measure bodily activities such as body temperature, heart rate and pulse rate among others. Use of new raw materials such as lithium-niobate and Langasite in manufacturing has increased the measurement ranges of temperature sensors, efficiency and durability. Also, silicon based sensors are primarily used owing to their availability and low cost as they are produced in bulk.

 

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Market Dynamics


Over the past few years, due to increase in investment by the government to have safe and reliable healthcare infrastructure in place, the demand for biomedical temperature sensors has been increased with growing application in health care. Some of the major drivers responsible for increased traction on the market during the forecast period include the increasing demand for accurate and reliable information, rapid technological innovation, increasing demand from the healthcare sector. The increasing health awareness among all age groups, compactness & portability of wearable temperature sensors, and rising growth towards advanced functional sensors in smart gadgets are the key drivers which are making the biomedical temperature sensors market grow lucratively.


However, the growth of the biomedical temperature sensors market is currently being hindered because of the reluctance due to lack of awareness, lack of product differentiation and environmental impact on sensors. The other challenges faced include intense competition and high cost.


Market Segmentation


The global biomedical temperature sensors market is segmented on the basis of technology, industry, and geography. Based on technology, the market has been segmented into CMOS, Optical Fiber, IR, and Others. The market by industry is sub-segmented into pharmaceutical, healthcare, and others. Finally, the market by geography includes North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.


Regional/Geographic Analysis


North America has the largest market share in this industry followed by Europe. Matured markets in these regions have facilitated the deployment of these systems. While, improving economic conditions and growing industrial trends is driving the market in Asia-Pacific which is expected to be fastest growing regions over the forecast period of 2017-2022.


Opportunities


The increasing technological proliferation in rising economies has made this market highly competitive with the emergence of new players. Also, the increased demand for wearable technology with the further technological development of the sensors are going to influence the application areas of wearable sensors are expected to grow during the forecast period. Along with this, the new entrants are expected to surface up with technologically advanced substitute products at a lower price.

 

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Key Players


Some of the leading suppliers of CCD Image Sensors in the market are Covidien, Entra Health Systems, FISO Technologies Inc., LumaSense Technologies, Neoptix, and among others.


The report contains a comprehensive analysis on:


Global Biomedical Temperature Sensors Market Segments
Global Biomedical Temperature Sensors Market Drivers, Restraints and Opportunities
Global Biomedical Temperature Sensors Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Global Biomedical Temperature Sensors Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players


Regional analysis for Feed Software Market includes


North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa


This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macro-economic factors and other qualitative and quantitative insights. The impact of all such factors are delivered across multiple market segments and geographies.

 

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Report Highlights:


Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
In-depth Market Segmentation
Historical and Projected Market Sizing in terms of volume and value
Recent market trends and Impact Factors
R&D Status and Technology Overview
Extensive Industry Structure Coverage

 

 

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