Knowledge Sourcing Intelligence announces the publication of a new report on “Biomedical Sensor Market- Forecasts from 2019 to 2024" to their offering. This report provides forecast and analysis of the Biomedical Sensor Marketwhich is estimated to surge US$11.912 Billion by 2024.

The rapid technological improvements in the biomedical sensors in conjunction with increasing applications across various functions are driving the growth of this market. These sensors are, essentially, used in monitoring the health of the patients throughout the whole process of diagnosis, treatment, and management of a disease. These are user-friendly devices, available at low cost which augments the growth of this market. Besides, the growing adoption of home-based medical devices which function with sensors installed in them helps in the early detection of the diseases. Stringent governmental regulations with respect to the safety concerns of using biomedical sensors may hamper the growth of this market. The market faces several restraints concerning the user’s safety due to the use of electromagnetic fields which might impact the human body adversely. Besides, heavy investments are also involved to enter into this product line. The innovations in the biomedical sensors in terms of its non-invasiveness can be a game-changer for this market. The companies are receiving investments from the government departments to put resources in Research and Development to invent safer and more efficient biomedical sensors. Geographically, North America is anticipated to hold a substantial share in this market owing to the increasing technological advancements in this market coupled with rising healthcare expenditure of the population. The Asia-Pacific region is also anticipated to grow at a high CAGR during the forecast period owing to the aging of the population and the rising number of diseases among youth.

Some of the major players covered as part of the report Honeywell International, Stmelectronics N.V, First Sensor AG, Medtronic, and Smiths Group plc, among others.

This report segmented the Biomedical Sensors Marketon the basis following terms:

• By Type
o Physical
o Chemical

• By End-User
o Hospitals & Clinics
o Research Labs
o Diagnostic Labs
o Ambulatory Care

• By Application
o Diagnostic
o Medical Imaging
o Monitoring

• By Geography
o North America
 USA
 Canada
 Mexico

o South America
 Brazil
 Argentina
 Others

o Europe
 UK
 Germany
 France
 Others

o The Middle East and Africa
 Saudi Arabia
 UAE
 Israel
 Others

o Asia Pacific
 Japan
 China
 India
 Others


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Knowledge Sourcing Intelligence is a market research and consulting firm based out of India. Driven by industry experts, the company provides syndicated reports, custom research, and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data, assists in generating quality reports providing crucial insights to managers and decision-makers. The services offered by us help companies to gain the required competitive edge. Our expertise across 10 industries such as ICT, Chemicals, Semiconductors, Healthcare among others caters to diverse client needs.

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