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High-tech sensor technology was a hot topic discussed by industry experts at the COMPAMED Innovation Forum 2023 on June 12.
July 11, 2023
By: Charlie Sternberg
Associate Editor
The cost of health care is increasing worldwide, and in almost all OECD member states it is rising even faster than their ability to keep up. Modern technologies can at least help to mitigate this development while ensuring at the same time that the quality of care does not suffer and that staff is given a respite. This is especially true of sensors which play an increasingly important part in medical technology to make medical devices even more powerful and safe, and to simplify their operation. How to achieve this and how high-tech sensor technology can also contribute to innovative prevention and personalized treatment was discussed at the COMPAMED Innovation Forum 2023 on June 12. The importance of this year’s topic is demonstrated by the numbers alone: According to the market research institute Mordor Intelligence, the global market for medical sensors was estimated at $ 6.02 billion in 2021 and will reach $ 10.28 billion by 2027, which corresponds to a growth rate of almost 10% over the time period from 2022 to 2027. The development of new devices which guarantee a faster analysis, potential savings and easy usability all contribute to this growth for medical sensors.
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