The biomedical pressure sensors market size is anticipated to expand at significant CAGR during the forecast period 2021–2028. Growth of the market is attributed to rapid urbanization, growing demand for high performance sensors, and minimum cost of healthcare.
To identify specific physical, biological, and chemical process the biomedical sensors are used, which then report & send the monitored data to biotechnology & medicine sector. The systems that identify clinical samples, these sensors components are fitted in to the devices used by systems. For measuring bone growth velocity, muscle displacement, cerebrospinal fluid pressure, blood pressure, blood flow, and core body temperature the biomedical sensors are used.
The demand for medical instruments has increased due to more people using home healthcare services. As a part of design many of the biological pressure sensors uses miniature coils.
The Covid-19 pandemic affected the demand and supply of biomedical pressure sensors market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing use of biomedical pressure sensors in healthcare industry is projected to boost the market.
- Rising demand for low-cost sensors is the major factor fueling the market.
- Lack of awareness about the biomedical pressure sensors is projected to restrict the market expansion during the forecast period.
- High price of services is anticipated to hamper the market growth in the coming years.
- R&D investment and technological advancement in biomedical pressure sensors market is projected to offer lucrative opportunities for the market players
Scope of the Report
The report on the biomedical pressure sensors market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
| Attributes | Details |
| Report Title | Biomedical Pressure Sensors Market–Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year | 2020 |
| Historic Data | 2018-2019 |
| Forecast Period | 2021-2028 |
| Segmentation | Technologies (Piezoresistive, Self-calibrating, Wireless Passive, Fiber-optic, and Capacitive), Applications (Fitness & Wellness, Monitoring, Diagnostic, Medical Imaging, Therapeutic, and Others) |
| Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
| Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
| Key Players covered in the Report | Merit Medical system Inc.; Opsens Inc.; RJC Enterprises LLC; Sensirion Holding AG; FISO Technologies Inc.; and All Sensors Corp. |
Market Segment Insights
The fitness & wellness segment accounts for key share of the market
Based on applications, the biomedical pressure sensors market is fragmented into fitness & wellness, monitoring, diagnostic, medical imaging, therapeutic, and others. The fitness & wellness segment accounts for a key share of the market. Growth of the market is attributed to rising industrialization and increasing technological advancement in biomedical pressure sensors. However, the diagnostic segment is anticipated to expand at a rapid pace during the forecast period due to rapid expansion in development & research, wide range of applications in healthcare industry, and increasing per capita income.
The self-calibrating segment is anticipated to hold significant market share
On the basis of technologies, the market is divided into piezoresistive, self-calibrating, wireless passive, fiber-optic, and capacitive. The self-calibrating segment accounts for a significant share of the market. Growth of the market is attributed to rising adoption of smartphones & other devices with sensors, rising prevalence of chronic diseases, and increasing awareness about sensors among consumers. The fiber-optic segment is anticipated to expand at a rapid pace during the forecast period due to factors such as early identification of diseases, rising investment by government & private sectors, and increasing population.
Asia Pacific is estimated to hold a major market share
On the basis of region, the biomedical pressure sensors market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is estimated to expand at a high CAGR during the forecast period due to factors such as rapidly emerging economies and increasing focus on development of medical sensors. The market of Asia Pacific is estimated to hold a major market share due to presence of major market players, increasing patient’s movements due to smaller devices, and rapid adoption of enhanced patient care systems across region.
Segments
Segments Covered in the Report
The biomedical pressure sensors market has been segmented on the basis of
Technologies
- Piezoresistive
- Self-calibrating
- Wireless Passive
- Fiber-optic
- Capacitive
Applications
- Fitness & Wellness
- Monitoring
- Diagnostic
- Medical Imaging
- Therapeutic
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Merit Medical system Inc.
- Opsens Inc.
- RJC Enterprises LLC
- Sensirion Holding AG
- FISO Technologies Inc.
- All Sensors Corp.
Competitive Landscape
Key players competing in the biomedical pressure sensors market include Merit Medical system Inc.; Opsens Inc.; RJC Enterprises LLC; Sensirion Holding AG; FISO Technologies Inc.; and All Sensors Corp.
Some of these players are using several market strategies such as collaborations, acquisitions, partnerships, merger, product launches, and capacity expansion to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
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