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Medical Sensors Market Revenues to Reach US$ 18,741.3 Million in 2023

by Metcarl · August 10 Cheap Aqib Talib Jersey , 2018


The largely fragmented and competitive vendor landscape of the global medical sensors market features a large number of companies and strong focus of leading vendors on innovations and technological advancements, rendering the market highly dynamic, observes Transparency Market Research in a recent report. In 2014, the leading three companies in the market Cheap Marcus Peters Jersey , namely Honeywell International Inc., Danaher Corp., and NXP Semiconductors collectively accounted for a mere 23% of the overall market.


Read Report Overview @

To be able to gain a larger control on the market, companies are advised to tap collaboration opportunities with small-scale regional players with sound manufacturing capabilities and ties with regional consumers. Emphasis on delivering technologically advanced products suitable for new varieties of medical devices should serve well for companies struggling to find a solid footing in the market.


According to the report Cheap Brandin Cooks Jersey , the global market for medical sensors is likely to clock in a robust CAGR of 7.0% over the period between 2015 and 2023, rising from a valuation of US$10.0 bn in 2014 to a revenue opportunity of US$18.74 bn by 2023.


Of the key varieties of medical sensors in the market assesses in the report, the segment of biosensors presently accounts for a dominant share in the overall market revenue, generating high demand from applications such as implantable medical devices. The rising uptake of such products across the globe is likely to keep the demand for biosensors high as well Cheap Ndamukong Suh Jersey , allowing the segment to retain its top spot in terms of valuation as well as future growth prospects.