The North America biomedical sensors market is expected to reach US$ 5,909.54 million by 2027 from US$ 3,313.94 million in 2019. The market is estimated to grow at a CAGR of 7.5% during 2020–2027.
The growth of the North America biomedical sensors market is attributed to the key driving factors such as the rising incidence of lifestyle-based diseases and an increasing adoption of biomedical sensors. However, the security concerns regarding the use of biomedical sensors hinder the market growth.
Biomedical sensors are used in regular health monitoring. According to the World Health Organization (WHO), it is estimated that nearly 17.9 million people die due to cardiovascular diseases worldwide, which accounts for 31% of all the deaths worldwide. The increasing incidence of cardiac arrest, high blood pressure, and strokes surges the demand for point-of-care monitoring sensors. Moreover, numerous awareness programs have been organized by governmental organizations to control and prevent diseases. For instance, the National Heart Disease and Stroke Prevention Program and Lipid Standardization Program are conducted by Centre for Disease Control and Prevention (CDC) to create awareness among the population. These programs consist of trainings and campaigns to spread awareness regarding the ill effects of cholesterol; also, provide education to the hospital staffs. Thus, the rising incidence of lifestyle-based diseases drives the market’s growth.
North America reported the rising number of COVID-19 positive cases since its outbreak.The clinical and product development engine is experiencing significant disruption as researchers and clinicians are adjusting to work in remote environments and lab capacity is reduced.
Clinical trials are also severely affected by disruptions in both new enrolment and in keeping existing patients on therapies.The impact of COVID-19 outbreak has placed many biomedical sensors companies under pressure.
However, the demand for R&D activity is increasing that is leading to a rise in medical device assistance for the detection of COVID-19, which is driving the medical device industry. For instance, the researchers of the University of Illinois Grainger College of Engineering developed an ultrasensitive test using a paper-based electrochemical sensor that is capable of detecting the presence of the coronavirus in five minutes.
The Government of Canada invested $25.8 million in COVID-19 research to contribute to the global efforts for research on medical counter measures against COVID-19. For instance, a research project on “Rapid, Ultrasensitive Clinical Detection of 2019 Novel Coronavirus (nCOVID-19) by Novel Microfluidic Electrochemical Nano-Biosensors” was funded US$ 0.79 million. During the first wave of COVID-19 outbreak, the Government of Canada provided the funding of $26.8 million for COVID-19 research projects through the CIHR, the Natural Sciences and Engineering Research Council of Canada (NSERC), the Social Sciences and Humanities Research Council (SSHRC), the International Development Research Centre (IDRC), the Canada Research Coordinating Committee (CRCC) through the New Frontiers in Research Fund (NFRF), and Genome Canada (GC). Thus, increasing funding by the government in research and development activities is anticipated to bolster the growth of the biomedical sensors market.
Based on type, the North America biomedical sensors market is bifurcated into wired and wireless. The wireless segment held a larger market share in 2019, also the same segment is anticipated to register a higher CAGR in the market during the forecast period.
By sensor type, the North America biomedical sensors market is segmented into temperature, pressure, image sensors, biochemical, inertial sensors, motion sensors, electrocardiogram (ECG), and other sensor types. The temperature segment held the largest market share in 2019, whereas the motion sensors segment is anticipated to register the highest CAGR in the market during 2020–2027.
The North America biomedical sensors market, by product, is bifurcated into invasive sensors and non-invasive sensors. The non-invasive sensors segment held a larger market share in 2019, also the same segment is anticipated to register a higher CAGR in the market during the forecast period.
Based on application, the North America biomedical sensors market is segmented into medical diagnostics, clinical therapy, imaging, and personal healthcare. The medical diagnostics segment held the largest market share in 2019, whereas the personal healthcare segment is anticipated to register the highest CAGR in the market during 2020–2027.
A few of the major primary and secondary sources referred to while preparing the report on the North America biomedical sensors market are Natural Sciences and Engineering Research Council of Canada (NSERC), the American Heart Association, and Heart Rhythm Society .
Our reports have been used by over 10K customers, including:
218 pages •
By Asia Market Information & Development Company
• May 2021
China’s demand for Polycarbonate (PC) has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption...
Abstract PBX Phone Systems Procurement in the US This report is intended to assist buyers of private branch exchange (PBX) phone systems. A PBX phone system is a telephone switching system that creates a private telephone network within a company and allows for the sharing of telephone lines to make outside...
Abstract Surveillance Cameras Procurement in the US This report is intended to assist buyers of surveillance and security cameras. Surveillance cameras are used to monitor behavior or locations, usually with the intention of protecting people or property. Surveillance cameras are typically connected to a recording...
Abstract Time Card Machines Procurement in the US This report is intended to assist buyers of time card machines, also commonly referred to as time clocks. Time card machines can either track employee work hours electronically or physically mark paper time cards. Manufacturers, wholesalers and retailers distribute...
Abstract Phone & Video Conference Equipment Procurement in the US This report is intended to assist buyers of phone and video conference equipment. This equipment enables audio and video communication in real time between offices, meeting rooms and conference rooms. This equipment includes endpoint devices...
Abstract Building Lighting Control Systems Procurement in the US This report is intended to assist buyers of building lighting control systems. These systems are composed of multiple sensors and electronic components that are connected and installed in a building to regulate and manage lighting. Often, the...
Abstract Satellite & Earth Communication Systems Services Procurement in the US This report is intended to assist buyers of satellite and earth communication systems services. Suppliers in this market use satellites to provide telecommunications connections, including navigation, voice over internet protocol...
The crystal oscillator market size is projected to reach USD 3.1 billion by 2025 from an estimated USD 2.8 billion in 2020, at a CAGR of 2.1% from 2020 to 2025. The growing demand for crystal oscillators from consumer electronics is among the factors driving the growth of the crystal oscillator market. TCXO is projected to register...
Abstract Office Phones Procurement in the US This report is intended to assist buyers of office phones. Office phones are handset telephones that offer additional functionality such as multiline options, call transfer and automatic reception that is not normally featured in home phones. These phones are typically...
Abstract LEDs Procurement in the US This report is intended to assist buyers of light-emitting diodes, also known as LEDs. This report includes LED chips and LED packages, which are LED chips inside of epoxy shells with wires. LEDs are often found in lamps, remote controls, lighting displays, digital clocks,...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.