Medical Sensors Market worth $3.6 billion by 2029 - Exclusive Report by MarketsandMarkets - Seite 2

Key Market Challenge

Data leakages associated with connected medical devices

Key Market Opportunities

Increased adoption of surgical robots

Key Market Drivers

Rising demand for wearable medical devices

The medical sensors market for hospitals & clinics in Asia Pacific is expected to grow at the highest CAGR during the forecast period.

The medical sensors market for hospitals & clinics in Asia Pacific is expected to grow at the highest CAGR during the forecast period. The rising elderly population in countries such as Japan and China have led to the increased adoption of advanced medical devices. The rise in the elderly population has led to an increased number of people suffering from multiple chronic diseases such as diabetes and cardiovascular diseases. Hence, hospitals and clinics in such countries are extensively using advanced medical equipment integrated with sensors for improved patient monitoring and treatment. The increasing number of initiatives taken by the governments in developing countries, such as India and China, to support the manufacturing of advanced medical devices is also expected to drive the growth of the medical sensors market for hospitals & clinics in Asia Pacific.

Americas held the largest share of the medical sensors market for minimally invasive procedures in 2023.

The Americas held the largest share of the medical sensors market for minimally invasive procedures in 2023. The increasing elderly population, rapidly evolving healthcare infrastructure, and growing expenditure on healthcare are the major factors driving the market growth in the Americas. However, the market in Asia Pacific is expected to register the highest growth during the forecast period due to the increasing number of reforms to enhance the healthcare ecosystem in developing countries such as India and China.