Market Trends of Biomedical Pressure Sensors Industry
Therapeutic Applications to Witness Major Growth
- Several therapeutic devices, such as chest physiotherapy machines and nebulizers, use pressure sensors. A nebulizer uses compressed air to create a mist of medication the patient inhales. A pressure sensor measures the compressed air flow rate and adjusts accordingly to ensure accurate drug delivery. These machines are designed to treat chronic obstructive pulmonary disease (COPD), asthma, cystic fibrosis, asthma, and other respiratory disorders.
- Chest physiotherapy machines use jets of high-pressure air to loosen phlegm and phlegm from the lungs. A pressure sensor in these devices monitors the pressure of the jet and adjusts the pressure accordingly for optimal therapeutic effect.
- Respiratory physiotherapy equipment offers many advantages, such as independent application, complete control of treatment, and ease of use, thus helping to improve patient compliance in daily treatment, thus increasing the demand for respiratory physiotherapy equipment.
- Furthermore, the growing demand for innovative respiratory drug delivery devices and the increasing adoption of these devices among the patient population will propel the demand for biomedical pressure sensors in therapeutic applications.
- The increasing incidence of respiratory diseases such as asthma and COPD is creating a high demand for therapeutic devices, further supporting the market growth. As per the AstraZeneca Annual Report, the global asthma therapy market generated USD 24.8 billion. According to the Global Asthma Report 2022, 1 in 10 children have asthma symptoms. Globally, asthma is the 24th leading cause of years lived with disability and the 34th leading cause of the burden of disease, as measured by disability-adjusted life years (DALYs). More than 1,000 people die every day from asthma. Low- and middle-income countries suffer disproportionately from the worst cases.
- Moreover, the growing adoption of portable therapeutic devices has increased the demand for pressure sensors. For instance, airflow rates, which are typically expressed in liters per minute, can be calculated by measuring pressure and using known fluid dynamic principles.
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Asia-Pacific is Expected to Register Significant Growth
- The major share in the Asia-Pacific region can be attributed to the growth in application areas of the healthcare sector. It is predicted that the escalating demand in emerging economies, such as China, South Korea, and India, will greatly contribute to the rising demand for biomedical pressure sensors.
- The Asia-Pacific segment is expected to witness high growth during the forecast period. Major factors supporting the growth include investments in medical infrastructure, research and innovation centers, government programs, and policies favoring the healthcare equipment and devices markets.
- The market is driven by an increase in government initiatives in mHealth products, a rise in the adoption of smartphones and other electronic devices with sensor technology, a surge in investment by public and private players to introduce sensors in mHealth, and an increase in adoption of Internet of Things (IoT) and advanced technologies.
- The Asia-Pacific market is anticipated to experience growth, owing to factors such as the increasing prevalence of chronic disorders and the rising awareness of medical sensors among individuals. The growth of the biomedical pressure sensors market in these regions is attributed to the increased emphasis on the development of medical sensors in recent years, the enhancement of healthcare infrastructure, and the early detection of diseases.
- The rising government investments in China will boost the country's medical device market, further creating lucrative growth opportunities for the market studied. For instance, in September 2022, the Government of China announced a loan incentive policy of CNY 1.70 trillion (USD 246.40 billion) to encourage medical facilities, universities, and public buildings to upgrade their medical equipment.
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