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Global Implantable Sensor Market Forecast to 2027 - COVID-19 Impact and Analysis - ResearchAndMarkets.com

April 15, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Apr 15, 2021--

The “Implantable Sensor Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type; Application; End User, and Geography” report has been added to ResearchAndMarkets.com’s offering.

According to this report the implantable sensor market was valued at US$ 4,912.00 million in 2019 and it is projected to reach US$ 11,415.62 million by 2027; it is expected to grow at a CAGR of 11.1% during 2020-2027. The report highlights trends prevailing in the global implantable sensor market, and the factors driving and restraining the market growth.

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Based on type, the global implantable sensor market is segmented into glucose sensor, temperature sensor, oxygen sensor, pressure sensor, and others. In 2019, the glucose sensor segment accounted for the highest share of the market. The growth for this segment is attributed to growing cases of diabetes coupled with increasing adoption of continuous glucose monitoring (CGM) devices.

The growth of the implantable sensor market is driven by increasing prevalence of chronic diseases and growing adoption of mobile healthcare technologies. However, low rate of adoption in emerging countries is the major factors hindering the market growth.

Reasons to Buy

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the implantable sensor market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global implantable sensor market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

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Market Dynamics

Drivers

  • Growing Adoption of Mobile Healthcare Technologies
  • Increasing Prevalence of Chronic Diseases

Restraints

  • Lack of Adoption in Emerging Countries

Opportunities

  • Rising Government Support to Medical Technologies

Future Trends

  • Technological Advancements in Implantable Sensors

Companies Mentioned

  • Analog Devices, Inc.
  • DEXCOM, INC.
  • Glusense Ltd.
  • Honeywell International Inc.
  • Medtronic
  • NXP SEMICONDUCTORS N.V.
  • Pinnacle Technology Inc.
  • Sensirion AG
  • TE Connectivity
  • Texas Instruments Incorporated

For more information about this report visit https://www.researchandmarkets.com/r/ag4ljp

View source version on businesswire.com:https://www.businesswire.com/news/home/20210415005514/en/

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KEYWORD:

INDUSTRY KEYWORD: MEDICAL DEVICES HEALTH

SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 04/15/2021 06:52 AM/DISC: 04/15/2021 06:51 AM

http://www.businesswire.com/news/home/20210415005514/en