Implantable Sensor Market Size, Share, Global Forecast 2027

report image

Implantable Sensor Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type (Glucose Sensor, Temperature Sensor, Oxygen Sensor, Pressure Sensor, Others); Application (Medical Diagnostic, Clinical Therapy, Personal Healthcare, Imaging); End User (Hospitals, Clinics, Diagnostic Center), and Geography

Publication Month: Jan 2021 | Report Code: TIPRE00016982 | No. of Pages: 177 | Category: Medical Device | Status: Published

The implantable sensor market was valued at US$ 4,912.00 million in 2019 and it is expected to grow at a CAGR of 11.1% during 2020–2027.

Implantable sensors have been used in medical research for measuring parameters, such as force, torque, pressure, and temperature inside the human body. These advanced sensor systems must be small in size, compatible with human tissue, and sturdy enough to withstand the human body's physical forces. They must also be self-powered and able to transmit data wirelessly. Ideal sensor systems are robust and straightforward, which minimizes the possibility of malfunction or failure. Innovations in the development of point-of-care medical sensors, technological advancements for monitoring & diagnosis of the patient, and improvement in technical design which would enhance the functions of implantable sensors for the quality of life and longevity—are expected to propel the growth of the market. Increasing incidence of cancer, heart failure, and other diseases has stimulated research on developing novel implantable devices for the localized treatment of cancer. Cancer is currently the second-largest cause of death worldwide, after cardiovascular disease. Current trends also suggest that cancer would become the leading cause of death by 2030. Implantable sensors should be integrated with other technologies to overcome all these challenges.

Lucrative Regions for Implantable Sensor Market

Lucrative Regions for Implantable Sensor Market

Get more information on this report :

Market Insights

Growing Adoption of Mobile Healthcare Technologies

Mobile healthcare technologies offer a great potential for improving patient care and reducing healthcare costs. Implantable and wearable technologies subsidize to a transformation in the mobile health era in terms of improving healthcare and health outcomes and providing real-time management on enhanced health management and tracking. Further, mobile technologies are paving the way for revolutionizing the diagnosis of diseases and monitoring patient treatment. Mobile sensors are helping in everything from monitoring our movements and sleeps to record the electrical activity in our hearts 24/7 as we go about our daily routines. As a result, the technology is quickly becoming vital for researching ways to cure illness and improve health.

Most cardiac rhythm management companies have applications that physicians and device technicians can access to track their patients with pacemakers and implantable cardioverter defibrillators, enrolled in remote patient management programs. All current-generation cardiac rhythm management devices are capable of remote transmission. Newer pacemakers and implantable cardioverter-defibrillators have Bluetooth LE transmission capability to create a straightforward way to share device data to patient-centered applications. As all cardiac rhythm management companies have built secure data platforms to receive remotely transmitted implanted device data, there is an opportunity to expand these platforms and include patient-facing software applications. The new generation of implantable hemodynamic sensors for heart failure management provides web- and app-based data to physicians to allow for physician-directed patient self-management of remotely transmitted intracardiac pressures.

Implantable devices or electronics have rapidly entered the area of digital health in various biomedical applications, including monitoring, tracking, and recording the vital signs of people to improve their health and that of their family.

Type-Based Insights

Based on type, the implantable sensor market is segmented into glucose sensor, temperature sensor, oxygen sensor, pressure sensor, and others. The glucose sensor segment held the largest share of the market in 2019, whereas the oxygen sensor segment is anticipated to register the highest CAGR in the market during the forecast period. Many companies are developing implantable sensor for diabetes. For instance, Integrated Medical Sensors is developing an implantable CGM the size of a sesame seed. Further, Profusa is developing implantable sensors based on its proprietary Lumee Oxygen platform that could continually monitor glucose readings and other biomarkers.

Global Implantable Sensor Market, by Type – 2019 and 2027

Global Implantable Sensor Market, by Type – 2019 and 2027

Get more information on this report :

Application-Based Insights

Based on application, the implantable sensor market is segmented into medical diagnostic, clinical therapy, personal healthcare, and imaging. The medical diagnostic segment held the largest share of the market in 2019; however, the personal healthcare segment is expected to register the highest CAGR in the market during 2020–2027.

End User-Based Insights

Based on end user, the implantable sensor market is segmented into hospitals, clinics, and diagnostic center. The hospitals segment held the largest share of the market in 2019 and it is estimated to register the highest CAGR in the market during the forecast period. Hospitals serve a significant role by providing extensive range of medical services to the patient population suffering from a wide variety of diseases. This has increased the adoption of implantable biosensors in hospitals and clinics. This, combined with growing number of hospital admissions, is projected to drive the segment. This is expected to increase the treatment process for treating chronic conditions, which, in turn, is expected to increase the usage of implantable sensors in the hospitals.

Strategic Insights

Report Coverage - Implantable Sensor Market
Report CoverageDetails
Market Size Value inUS$ 4,912.00 Million in 2019
Market Size Value byUS$ 11,415.62 Million by 2027
Growth rateCAGR of 11.1% from 2020-2027
Forecast Period2020-2027
Base Year2020
No. of Pages177
No. of Tables84
No. of Charts & Figures73
Historical data availableYes
Segments coveredType ; Application ; End User , and Geography
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available

Various companies operating in the implantable sensor market use strategies, such as product launches, mergers and acquisitions, collaborations, product innovations, and product portfolio expansions, to expand their footprint worldwide, maintain the brand name, and meet the growing demand from end users.

Implantable Sensor Market – by Type

  • Glucose Sensor
  • Temperature Sensor
  • Oxygen Sensor
  • Pressure Sensor
  • Others

Implantable Sensor Market – by Application

  • Medical Diagnostic
  • Clinical Therapy
  • Personal Healthcare
  • Imaging

Implantable Sensor Market – by End User

  • Hospitals
  • Clinics
  • Diagnostic Center

Implantable Sensor Market – by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America (SAM)
    • Brazil
    • Argentina
    • Rest of South and Central America

Company Profiles

  • 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

Frequently Asked Questions

Implantable sensors enable self-monitoring systems in which the patient acts as a part of the sensing system to detect changes, consciously or unconsciously, of the health conditions. Implantable sensors have been used in medical research for measuring parameters such as force, torque, pressure, and temperature inside the human body. These advanced sensor systems must be small in size, compatible with human tissue, and sturdy enough to withstand the human body's physical forces. They must also be self-powered and able to transmit data wirelessly. Ideal sensor systems are robust and straightforward, which minimizes the possibility of malfunction or failure.
The increasing chronic diseases prevalence, growing adoption of mobile healthcare technologies fuels the market growth and various technological advancements.
Low rate of adoption in emerging countries hinders the growth of the implantable sensor market.

The List of Companies - Implantable Sensor Market

  1. Analog Devices, Inc.    
  2. DEXCOM, INC.
  3. Glusense Ltd.   
  4. Honeywell International Inc.       
  5. Medtronic        
  6. NXP SEMICONDUCTORS N.V.
  7. Pinnacle Technology Inc.          
  8. Sensirion AG    
  9. TE Connectivity            
  10. Texas Instruments Incorporated
  • 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.
TIPRE00016982
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Get the Latest COVID-19 Analysis on this market




christmas_festive_offer

Have a Question?

Akshay will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Speak to Analyst
Pricing
  • $3000 $2700
  • $4550 $4095
  • $6550 $5568
  • $8550 $6840

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis.

    Inquire for Discount