Market Share of Medical Sensor Industry
The medical sensor market is highly fragmented due to the presence of both global players and small and medium-sized enterprises. Some of the major players in the market are GE Healthcare Inc., STMicroelectronics NV, Honeywell International Inc., TE Connectivity Ltd (First Sensors AG), and Omron Corporation. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
- February 2024: GE HealthCare and Biofourmis announced a strategic collaboration to enhance continuity of care by enabling safe, effective, and accessible care in the home to support the patient's journey beyond the hospital setting. The partnership leverages the combined expertise of two market leaders to scale and deliver innovative care-at-home solutions.
- February 2024: STMicroelectronics, one of the global semiconductor leaders serving customers across the spectrum of electronics applications, and Mobile Physics, a software development start-up specializing in environmental physics, revealed a partnership that enables smartphones and other devices to measure household and ambient air quality with a built-in optical sensor.
Medical Sensors Market Leaders
GE Healthcare Inc
STMicroelectronics NV
Honeywell International Inc.
TE Connectivity Ltd (First Sensors AG)
Omron Corporation
*Disclaimer: Major Players sorted in no particular order
