U.S. Medical Sensors Market

U.S. Medical Sensors Market Size (2023 to 2028)

The size of the medical sensors market in the United States is estimated to grow at a promising CAGR between 2023 and 2028.

Increasing adoption of home-based healthcare products among the U.S. population is majorly boosting the U.S. medical sensors market growth. Sensors in home-based products such as glucose meters, ECG devices, oxygen concentrators, and blood pressure devices are used to alert the patient whether they are safe. These sensor-based devices are mostly used by the geriatric population, eye-problem people, and uneducated people, which helps to indicate the situation and proceed to further treatment if required.

The growing patient population suffering from chronic diseases in the U.S. favors the medical sensors market in the United States. The growing number of chronic disease patients in the U.S. also increases the population's mortality rate. As a result, people are more conscious about their health. They use sensor-based smartwatches and patient monitoring devices with a sensor to predict the chances of the disease occurring by calculating some of the features in the human body. According to a recent survey, nearly 23 million people in the US use remote patient monitoring devices. Medical sensors are of different types, such as sounds, light, blinks, or motion.

The growing number of product launches with sensor technology is another factor supporting the U.S. medical sensors market growth. Advanced technologies such as the internet of things are used in wearable sensor devices, which allows the sharing of data between caregivers, healthcare providers, and users. The key players are showing interest in the design of medical devices with sensor technology which eases the work of healthcare providers and healthcare organizations in several streams. Increasing clinical trials and using other technologies, such as artificial intelligence and machine learning in medical sensor devices for effective work, fuels the U.S. market.

The high cost of sensor-based medical devices is the primary factor restraining market growth. The lack of skilled professionals for manufacturing better medical sensor devices or equipment is another factor that hampers the market growth. In addition, lack of product approval, strict reimbursement policies, and improper working cheap sensor devices also impede the market growth during the forecast period.

This research report on the U.S. medical sensors market has been segmented and sub-segmented into the following categories.

By Type:

• Blood Glucose Sensors
• ECG Sensors
• Accelerometers
• Motion Sensors
• Pressure Sensors
  • Respiratory Devices
  • Patient Monitors
  • Future Solutions
• Temperature Sensors
• Blood Oxygen Sensors
• Image Sensors
• Inertial Sensors
• SQUID Sensors
• Others

By Application:

• Diagnostics
  • HIV test
  • Blood Glucose Test
  • Pregnancy Test
  • Drug and Alcohol Tests
• Therapeutic
  • Cardiac Therapeutics Devices
  • Insulin Pump Sensors
  • Monitoring continuous Blood Pressure Monitors
  • Pulse Oximeters
  • Cardiac Monitors
  • Continuous Glucose Monitoring (CGM) Devices
  • Implantable Loop Recorder
  • Smart Pills
• Surgical
• Monitoring
• Imaging
  • Capsule Endoscope Sensors
  • Fitness and Wellness
  • Electronic Pedometer
  • Wearable Injectors
  • Continuous Glucose Monitor
  • Others

By Technology:

• Wearable Sensors
• Implantable Sensors
• Strip Sensors
• Invasive/Non-Invasive Sensors
• Embeddable Sensors

By Country:

• The United States

Among all the countries worldwide, the U.S. held the leading share of the worldwide market in 2022 and is expected to continue the same trend during the forecast period owing to the growing number of developments in the healthcare infrastructure and the healthcare system and the increasing adoption of medical sensor devices by the population. Increasing medical sensor manufacturers and suppliers in the region also help the development of the market during the forecast period. During the pandemic, sensors are used mainly for the ventilator rooms, which helps the people who are taking treatment in the battle against the Covid-19 pandemic. Additionally, using this medical sensor in temperature measurement devices to predict the symptoms of coronavirus among the population and reducing the recovery time for the patient by continuous monitoring with sensor technology are the other factors that help the market growth. A group of neurosurgeons has developed a wireless brain sensor at Washington university to monitor intracranial pressure and the body's temperature. The main reason for the invention of such devices is nearly 50,000 people die of brain injuries annually in the United States. The increasing number of manufacturing facilities of medical devices in New Jersey state and increasing entablement of pharma startups helps develop the market in this area. Medical sensors play a significant role in many medical devices used in hospitals. These sensors are used in intensive care units, hospitals ward, lab equipment, etc.

KEY MARKET PLAYERS:

Texas Instruments, TE Connectivity, First Sensor, Medtronic Plc, NXP Semiconductors, Tekscan Inc., Amphenol Advanced Sensors, Proteus Digital Health, Cirtec Medical, Sensirion, Innovative Sensor Technology, Keller America, OmniVision Technologies, Masimo, TDK Sensors, Stanley Healthcare, EnviteC and Merit Medical Systems are a few of the notable companies operating in the U.S. medical sensors market.