Implantable sensor market projected to reach $17.32 billion by 2031, driven by medical advancements
From GlobeNewswire: 2024-12-17 07:19:00
A new report from The Insight Partners predicts the implantable sensor market will reach $17.32 billion by 2031, growing at a CAGR of 11.1%. These sensors are in vivo devices used to detect, diagnose, and monitor medical conditions, with a wide array of products expected to see high growth in the future.
The report offers insights for stakeholders on navigating the evolving market landscape and unlocking new opportunities. CardioMEMS, a medical device company specializing in wireless sensing technology for severe chronic cardiovascular diseases, is mentioned as an example of the innovative technologies driving market growth.
Mobile healthcare technologies are expected to play a significant role in improving patient care and reducing costs. The market is segmented by type, application, and end-users, with a focus on glucose sensors, temperature sensors, oxygen sensors, and their applications in medical diagnostics, clinical therapy, and personal healthcare.
North America leads the market, with Asia Pacific projected to have the highest CAGR in the forecast period. Other key regions include Europe, Middle East, Africa, and South and Central America. The report also covers key players and future opportunities in the industry.
Recent developments in glucose sensors, AI in temperature sensors, and innovations in oxygen sensors are driving growth in the market. Companies like Dexcom, Inc. and Texas Instruments have made significant advancements in continuous glucose monitoring systems and digital temperature sensors, contributing to market expansion. Implantable devices are revolutionizing digital health, allowing for monitoring and tracking of vital signs to improve healthcare. Cardiac rhythm management companies offer apps for remote patient management. Implantable biosensors are gaining popularity in healthcare for diagnosing and treating chronic diseases, providing accurate data for improved patient care and outcomes.
The healthcare industry is increasingly focused on preventive technologies and services, with a forecast for growth up to 2031. Market reports cover a range of topics, including Healthcare Manikins, CMO Services, BPO Services, and Mobility Solutions. The use of IoT in healthcare is also on the rise, providing valuable insights and trends for the industry.
The Insight Partners offers comprehensive industry research services across various sectors, including Semiconductor, Healthcare IT, Technology, and more. For inquiries or additional information, contact Ankit Mathur at [email protected] or +1-646-491-9876. Stay updated by following The Insight Partners on LinkedIn, Facebook, and Twitter. 1. The stock market surged today, with the S&P 500 hitting a new record high of 4,200 points. This comes as investors are optimistic about a strong economic recovery and positive earnings reports from major companies.
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Read more at GlobeNewswire: Implantable Sensor Market Size Set for Explosive Growth,