Hospitals Segment Held Largest Share of End-User in the South and Central America Implantable Sensors Market in 2019
According to The Insight Partners market research study of ‘South and Central America Implantable Sensors Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by type, application, and end-user’ the South and Central America implantable sensors market is expected to reach US$ 442.93 million in 2027 from US$ 209.11 million in 2019. The market is estimated to grow with a CAGR of 9.8% from 2020-2027. The report provides trends prevailing in the South and Central America implantable sensors market and the factors driving market along with those that act as hindrances.
Based on end-user, the implantable sensors market is segmented into hospitals, clinics, and diagnostic center. The hospitals segment held the largest share of the market in 2019, also the same segment is anticipated to register the highest CAGR in the market during the forecast period. The hospitals segment's growth is fuelled due to the greater financing capabilities, high patient volumes, and the availability of adequate staff contributed to the dominance of this segment in the industry.
The growth of this market is estimated to grow owing to key driving factors such as the growing prevalence of chronic diseases across the South and Central America and a high rise in government initiatives and research & development activities to boost the healthcare sector. However, the market growth is likely to be hindered owing to the various issues related to implantable sensors.
Honeywell International Inc., Medtronic, and Analog Devices, Inc are among the leading companies operating in the South and Central America implantable sensors market.
The report segments South and Central America Implantable Sensors Market as Follows:
By Type
- Glucose Sensor
- Temperature Sensor
- Oxygen Sensor
- Pressure Sensor
- Others
By Application
- Medical Diagnostic
- Clinical Therapy
- Personal Healthcare
- Imaging
By End User
- Hospitals
- Clinics
- Diagnostic Centre
By Country
- South and Central America
- Brazil
- Argentina
- Rest of South and Central America
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