Global Biomedical Sensor Market Size By Type (Wireless, Wired), By Sensor Type (Pressure, Temperature), By Industry (Healthcare, Pharmaceutical), By Geographic Scope And Forecast

Biomedical Sensor Market Size And Forecast

Biomedical Sensor Market size was valued at USD 10.79 Billion in 2023 and is projected to reach USD 20.95 Billion by 2030, growing at a CAGR of 15.87% from 2024 to 2030.

Investments in developing sensors with characteristics such as unexpected readings, which test for the presence of harmful chemicals in the blood, as well as technological breakthroughs in the field of biomedical sensors employing nanotechnology and microtechnology, are driving the industry forward. The Global Biomedical Sensor Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

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Global Biomedical Sensor Market Definition

Biomedical sensors are devices that detect and communicate data about certain chemical, physical, or biological phenomena. Food, ambient conditions, pharmaceutical safety, and other chemicals are all monitored using biomedical sensors. In terms of treatment modality, biomedical sensors are divided into in-vivo and invitro applications. According to the National Institute of Biomedical Imaging and Bioengineering (NIBIB), Diagnostic ultrasound is a non-invasive diagnostic procedure that uses sound waves to create images of the inside of the human body. Transducers, or ultrasound probes, generate sound waves at frequencies beyond the human hearing threshold (above 20 kHz), however, most transducers in use today operate at much higher frequencies (in the megahertz (MHz) range). The vast majority of diagnostic ultrasonography probes are applied to the skin.

Probes can be inserted into the body through the gastrointestinal system, vaginal canal, or blood vessels to improve picture quality. Furthermore, ultrasonography is sometimes used during surgery by inserting a sterile probe into the surgical site. Anatomical and functional ultrasonography are two subtypes of diagnostic ultrasound. Internal organs or other structures are imaged with anatomical ultrasonography. To construct “information maps,” functional ultrasonography integrates information such as tissue or blood movement and velocity, tissue softness or hardness, and other physical qualities with anatomical images. These diagrams assist clinicians in visualizing changes in function inside a structure or organ.

Therapeutic ultrasonography, like medical ultrasound, uses sound waves that are above the human hearing range but does not produce images. Its goal is to interact with bodily tissues in such a way that they are altered or eliminated. Moving or pushing tissue, heating tissue, breaking blood clots, and administering medications to precise places in the body are all possibilities. The use of very high-intensity lasers that can kill diseased or aberrant tissues like tumors enables these destructive, or ablative, effects. Ultrasound therapy has the advantage of being non-invasive in the majority of cases. There are no incisions or cuts to the skin, thus there are no wounds or scars.

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Global Biomedical Sensor Market Overview

Increased demand for patient monitoring applications, as well as technological breakthroughs in micro-electro-mechanical systems (MEMS) that allow the design of low-cost, high-performance sensors that can be successfully incorporated into other applications, are major market drivers. The global expansion of the Biomedical Sensor Market has also been aided by an increase in the incidence of lifestyle-related disorders, a growing proportion of the geriatric population, and novel diseases. Emerging nanotechnology applications for biomedical sensors, as well as consistent innovations leading to the development of revolutionary non-invasive sensor-based medical applications, are expected to provide considerable market potential.

However, security issues around the use of biomedical sensors, long product development cycles, and the complex regulatory procedures required to operate in the medical sector continue to be important barriers to the overall market these barriers limit the growth of the market. Many healthcare researchers are increasingly concentrating on early disease identification and prevention. Infectious diseases are increasingly becoming the primary cause of death, particularly in developing countries, and early detection and correct diagnosis of these infections is proving to be a critical driver driving the biomedical sensor industry. Heart rate, blood pressure, glucose, and oxygen levels in the blood are all measured with accelerometers.

These sensors are used in a variety of devices, including defibrillators and pacemakers. As a result, as people become more conscious of healthcare, the need for sensor technologies and monitoring devices that can sense and offer feedback to users about their health state has grown. Ultrasound for diagnosis. Diagnostic ultrasound can image interior organs throughout the body non-invasively. It is not, however, suitable for imaging bones or any tissues that contain air, such as the lungs. When the lungs are completely or partially filled with fluid, ultrasonography can see the bones (such as in pregnancy or young baby) or the lungs and line around the lungs.

Ultrasound is commonly used to monitor the growth and development of the fetus during pregnancy, but it can also be used to image the heart, blood arteries, eyes, thyroid, brain, breast, abdominal organs, skin, and muscles. Ultrasound pictures can be viewed in two dimensions, three dimensions, or four dimensions (which is 3D in motion). Medical sensors in healthcare have the potential to revolutionize the way diseases are diagnosed, treated, and prevented. Highly complex sensors that can be employed in medical research have been made possible by advances in engineering, technology, and material sciences. This kind of sensor opens up possibilities for innovation.

Global Biomedical Sensor Market Segmentation Analysis

The Global Biomedical Sensor Market is Segmented on the basis of Type, Sensor Type, Industry, And Geography.

Biomedical Sensor Market, By Type

• Wireless
• Wired

Based on Type, The market is segmented into Wireless, and Wired. Wireless sensors can be utilized for long-term constant monitoring, also when humans move. EEG, ECG, blood pressure, blood flow, glucose level, and other physiological signals can be monitored with wireless biomedical sensors. For biological monitoring, wireless sensors offer numerous benefits. The data is sent to a central connection node, such as a personal digital assistant (PDA), or directly to a medical center via a wireless sensor network (WSN). Based on the transmitted data, a physician can subsequently care for the patient. For long-term monitoring, it causes no discomfort to the patient.

Biomedical Sensor Market, By Sensor Type

• Pressure
• Temperature
• Biochemical Image Sensors
• Others

Based on Sensor Type, The market is segmented into Pressure, Temperature, Biochemical Image Sensors, and Others. Absolute pressure sensors detect pressure in comparison to vacuum, differential pressure sensors measure pressure in comparison to a reference pressure line, and gauge pressure sensors measure pressure in comparison to ambient atmospheric pressure. Differential devices frequently have a fluid line connecting to the reference port, which increases the device’s total size and profile. Gauge devices, on the other hand, simply require an in-plane hole to connect to the atmosphere, allowing them to be small and low-profile. A sealed reference chamber surrounding a high vacuum is typical of absolute devices. Because MEMS biomedical pressure transducers typically work at atmospheric pressure, gauge or absolute devices can be utilized.

Biomedical Sensor Market, By Industry

• Healthcare
• Pharmaceutical
• Others

Based on Industry, The market is segmented into Healthcare, Pharmaceutical, and Others. Temperature sensors, pressure indicators, flow sensors, ultrasonic sensors, and gas sensors are all utilized in the healthcare industry, as are cameras, image sensors, and magnetic field sensors. Optical, X-ray, and ultrasonic picture sensors and cameras are utilized in the healthcare field. The use of sensors in the medical field is highly dependent on the application. Biomedical sensors and cameras, as well as image sensors, are becoming increasingly important. MEMS sensors are predicted to make it possible to design and manufacture smaller, smarter, and less expensive medical equipment and systems with more features. Wearable, wireless, and disposable medical sensors are in high demand around the world.

Biomedical Sensor Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, The Global Biomedical Sensor Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific region is expected to witness maximum growth. The significant share in the market will be dominated by North America due to investments in developing sensors with characteristics such as unexpected readings, which test for the presence of harmful chemicals in the blood, as well as technological breakthroughs in the field of biomedical sensors employing nanotechnology and microtechnology, are driving the industry forward

Key Players

The “Global Biomedical Sensor Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as GE Healthcare, Analog Devices, Inc., Smiths Group plc., Inc., STMicroelectronics N.V., First sensor AG, Medtronic, NXP Semiconductor N.V., Honeywell International Inc, Texas Instruments and Nonin Medical Inc.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• On November 2020, InPen was introduced by Medtronic, and it was connected with real-time Guardian Connect CGM data.

• In September 2020, The MiniMed 770G hybrid closed loop system from Medtronic has been approved by the US Food and Drug Administration (FDA). The company’s most advanced SmartGuard technology, which is also found in the MiniMed 670G system, is included in its newest insulin pump system.

• In February 2019, Texas Instruments has released a new embedded processor and analog circuits based on bulk acoustic waves (BAW) for the next generation of connectivity and communications infrastructure.

• On November 2020, GE Healthcare purchased Prismatic Sensors AB, a Swedish start-up that specializes in photon-counting detectors.

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