Medical Sensors Market is Expected to Reach USD 15.5 Billion Globally in 2019: Transparency Market Research

Medical Sensors Market is Expected toMedical Sensors Market is Expected to Reach USD 15.5 Billion Globally in 2019: Transparency Market Research PR Newswire NEW YORK, December 5, 2013 According to a new market report published by Transparency Market Research "Medical Sensors Market (Biosensors, Pressure, Image, SQUID, Temperature and Flow Sensors, Accelerometers, Surgical, Diagnostic, Monitoring and Therapeutic Applications) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global market for medical sensors was valued at USD 10.1 billion in 2012 and is expected to reach a value of USD 15.5 billion in 2019, growing at a CAGR of 6.3% from 2013 to 2019. Browse the full report with complete TOC at http://www.transparencymarketresearch.com/medical-sensors- market.html. Increasing focus on developing wearable and implantable sensors that enable real time sensing of health parameters would lead to a significant growth in the global medical sensors market. Rise in demand for point-of- care diagnostics and monitoring is leading to advancement in new sensing technologies such as MEMS (micro-electro-mechanical-systems) and CCD. Besides the introduction of new sensing technologies, other factors driving the global medical sensors market include rapid growth of the global geriatric population, presence of high unmet healthcare needs, rising worldwide incidences of chronic diseases and increasing healthcare costs.