Global Medical Sensors Market Will Grow at a CAGR of 9% During 2019-2023

Global medical sensors market size will grow by almost USD 6.22 billion during 2019-2023, at a CAGR of 9%. The demand for digital medicine and sensor-enabled pills has been growing substantially. Sensor-enabled pills transmit information from the patient’s body to a mobile application.
Patients can also share such information with their caregivers and physicians through a web-based patient monitoring applications. Such pills are gaining popularity as they can track the effects of medicines in real time and reduce the cost of treatments. This growing trend will increase the adoption of medical sensors and will positively impact the growth of the global medical sensors market over the forecast period.


Rising demand for medical sensors in home care settings
Patients are increasingly adopting home healthcare services due to the increasing treatment costs in hospitals and clinics. Portable medical devices such as blood pressure monitors and blood glucose monitors are increasingly being adopted in home care settings due to the increased need for remote patient monitoring.

 This eliminates the patient’s frequent hospital visits and reduces the burden of traveling and waiting time, especially for geriatric patients. The increasing demand for medical sensors in home care settings is expected to drive the global medical sensors market.


This global medical sensors market industry research report provides an in-depth analysis of the major drivers, upcoming trends, and challenges that will impact market growth over the forecast period. The report analyzes the competitive landscape and offers details on several medical sensor manufacturers including -
  • First Sensor AG
  • HONEYWELL INTERNATIONAL INC.
  • Medtronic
  • NXP Semiconductors
  • Smiths Group plc.

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