Michael Barbella, Managing Editor11.30.22
Double-digit growth is expected for the worldwide medical sensors market this decade.
Coherent Market Insights estimates the sector to be worth $20.5 (current) and expects it to expand 10.1% annually to exceed $44.5 billion by 2030.
The main growth driver is technological advancements. For example, Sony Semiconductor Solutions Corporation—a manufacturer of semiconductor and imaging sensor products—has developed the world’s first one-stacked complementary metal oxide semiconductor (CMOS) image sensor technology with two-Layer Transistor Pixel. This new technology of image sensors widens dynamic range and elevate noise thereby improving imaging properties.
In February 2020, Xiaomi Youpin, a manufacturer of healthcare electronics devices, launched Bencom, a non-contact Infrared thermometer. Bemcom Infrared thermometer is equipped with high temperature sensor and working environment temperature compensation sensor, which can help to detect accurate temperature measurement data in various environments.
Among product type, biosensors are expected to boost the market over the next eight years. In May 2020, Koninklijke Philips N.V. received U.S. Food and Drug Administration 510(k) clearance for its Biosensor BX100, a product designed to address a new approach to vital signs measurements and support a clinical surveillance of higher acuity patients moving from intensive care units into lower acuity general care areas of a hospital.
Key players in the medical sensors market include Olympus Corporation, Medtronic plc, Boston Scientific Corporation, Johnson & Johnson Services Inc., CONMED, Erbe Elektromedizin GmbH, Kirwan Surgical Products LLC, B. Braun SE, Smith+Nephew, Apyx Medical, Stryker Corp., ELMED Incorporated, Zimmer Biomet Holdings Inc., 3M, Integra Lifesciences Holdings Corporation, and Megadyne Medical Products Inc.
Coherent Market Insights estimates the sector to be worth $20.5 (current) and expects it to expand 10.1% annually to exceed $44.5 billion by 2030.
The main growth driver is technological advancements. For example, Sony Semiconductor Solutions Corporation—a manufacturer of semiconductor and imaging sensor products—has developed the world’s first one-stacked complementary metal oxide semiconductor (CMOS) image sensor technology with two-Layer Transistor Pixel. This new technology of image sensors widens dynamic range and elevate noise thereby improving imaging properties.
In February 2020, Xiaomi Youpin, a manufacturer of healthcare electronics devices, launched Bencom, a non-contact Infrared thermometer. Bemcom Infrared thermometer is equipped with high temperature sensor and working environment temperature compensation sensor, which can help to detect accurate temperature measurement data in various environments.
Among product type, biosensors are expected to boost the market over the next eight years. In May 2020, Koninklijke Philips N.V. received U.S. Food and Drug Administration 510(k) clearance for its Biosensor BX100, a product designed to address a new approach to vital signs measurements and support a clinical surveillance of higher acuity patients moving from intensive care units into lower acuity general care areas of a hospital.
Key players in the medical sensors market include Olympus Corporation, Medtronic plc, Boston Scientific Corporation, Johnson & Johnson Services Inc., CONMED, Erbe Elektromedizin GmbH, Kirwan Surgical Products LLC, B. Braun SE, Smith+Nephew, Apyx Medical, Stryker Corp., ELMED Incorporated, Zimmer Biomet Holdings Inc., 3M, Integra Lifesciences Holdings Corporation, and Megadyne Medical Products Inc.