Frost + Sullivan Researches on Market Value of Sensors in Medical Applications

The applications of sensors in medical sectors is exponentially increasing due to the enhanced requirement for improved, advanced healthcare and therefore demands the utility of sensors in most of the medical systems. The sensor technology is advancing day-by-day and is finding better applications in the medical fields.

Frost & Sullivan reports about ‘Sensors Market in Medical Applications,’ and states that in 2009 the market value of these sensors reached $6,051.8 million, whereas it is expected to hit $12,445.6 million by 2016. Their research included accelerometer, bio, flow, encoders, pressure, image, temperature, and SQUID sensors.

The aging population, increasing healthcare expenses and the demand for clinical treatment and diagnosis in developing as well as in underdeveloped areas encourages the medical sensor market. Apart from these necessities, the global economies target these medical sensor market for achieving growth and technology or product advancement perspective.

According to Sankaranarayanan, Frost & Sullivan Industry Analyst, the sensors are significant in providing safety and advancing the standard of life in healthcare fields and their improved precision, smartness, effectiveness, security, miniature size and reduced energy utility are widening their applications in the medical fields.

Sensors improve the efficiency of life-supporting implants and can be deployed for detecting the symptoms and preventing major illnesses. By providing general awareness regarding the advantages and significance of innovative sensors in eliminating the health issues and protecting lives can enhance the availability of sensors in the market.

The study on ‘Sensors Market in Medical Applications’ is based on the Sensors & Instrumentation Growth Partnership Services programme, encompassing the research on sensors in HEV/EV Applications and Sensors Outlook in Europe.

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