The market is projected to reach USD 3.90 billion by 2018 growing at a CAGR of 7.05% over the period 2014-2020. Technological advancements in the field of biomedical sensors using microtechnology and nanotechnology will bring tiny, robust, smart and cost-effective sensors that are adaptable to the individual genetic formulation. These sensors can be set to trigger alerts when they enlist unpredictable readings, screen the existence of toxic agents in the blood, or empower drug directly into the circulatory system. Investments in developing sensors with such capabilities will act as a major factor for the growth of the market and eventually these products will find huge demand in the healthcare industry.
Biomedical sensors' utility in the hazardous environments and geographical locations which are susceptible to natural disasters will drive the market. Increased demand from the healthcare industry to monitor patients with diabetic and heart conditions will further boost the growth of the market. Early detection of irregularities in the health status of the patients along with necessary medical attention will contribute to the better quality of life.
Even though biomedical sensors are playing a major role in life-saving situations, the market faces certain challenges such as patient's safety and comfort due to strong electromagnetic fields, transferring energy from external to internal parts with high efficiency and high data rates, limited computation and data storage, and ultra-low power consumption.
The Asia Pacific biomedical sensors market is segmented on the basis of type, application and geography. APAC tends to be the second largest market among the global geographical regions throughout the forecasted period. China, India and Japan account for more than 75% of the Asia Pacific biomedical sensors market. This report describes a detailed study of the Porter's five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies and competition analysis.
The report also considers key trends that will impact the industry. Some of the key players mentioned in the report are
What the report offers
1.1 Study Assumptions
1.2 Study Deliverables
1.3 Key Findings of the Study
1.4 Market Definition
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2.1 Growing Demand for fitness devices
4.2.2 Increasing spendings on diagnostics
4.2.3 Rising health concerns
4.2.4 Growing Technology Awareness
4.3.1 High costs of the systems
4.3.2 Safety issues related to prolonged usage
4.4.1 Unexplored Markets in Developing nations
4.5 Industry Attractiveness - Porter's 5 Force Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products or Services
4.5.5 Competitive Rivalry among Existing Competitors
4.6 Industry Value Chain Analysis
5. Technology Snapshot
6. Asia-Pacific Biomedical Sensors Market Segmentation - Market Share, Trends, Forecast (2017-2022)
6.1 By Type
6.2 By Sensor Type
6.2.3 Image Sensors
6.2.5 Inertial Sensors
6.2.6 Motion Sensors
6.2.7 Electrocardiogram (ECG)
6.3 By Industry
6.4 By Application
6.4.3 Medical Imaging
6.4.5 Fitness and Wellness
6.5 By Countries
6.5.4 South korea
7. Competitive Landscape - Company Profiles
7.1 GE Healthcare
7.2 Honeywell International Inc.
7.3 Stmicroelectronics N.V.
7.4 First Sensor AG
7.5 Medtronic PLC
7.6 Smiths Medical
7.7 Measurement Specialties, Inc.
7.8 Analog Devices, Inc.
7.9 Texas Instruments
7.10 NXP Semiconductor N.V.
7.11 LumaSense Technologies
7.12 Zephyr Technology Corp.
7.13 Nonin Medical Inc.
8. Investment Analysis
8.1 Recent Mergers and Acquisitions
8.2 Investment Opportunities
9. Future of Asia-Pacific Biomedical Sensors Market