Medical Pressure Sensors Market To Pioneer A High Cagr During The Forecast Period

The global medical pressure sensors market size is anticipated to enlarge during the forecast period. Growing dependency on techno-medical device for stability and accuracy is expected to enhance the market growth in the coming years. Rise in spending on patient care is extending beyond hospital capacities and the trend of home care and nursing is gaining a huge momentum. As a result, developing pressure sensors for medical applications forms an integral part of innovative healthcare practice. The developmental series of digital and MEMS products for treating sleep apnea, gauging blood pressure, monitoring oxygen therapy, and drug infusion techniques, forms the basis for latest medical equipment in home-care settings. Therefore, medical pressure sensors have earned a huge reliability in the recent years and continues to dominate in the healthcare sector. 

Over the past few years, technological innovation have pushed medical devices market to a higher competitive edge with a huge significance for quality. The medical workforce is largely benefitting from the medical applications. For instance, Sensirion offers SFM3xxx pressure sensors for measurements for medical ventilation. SFM3xxx platform delivers high precision and versatility and it comprises flow sensors that are capable for a wide range of medical applications. 

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The commercial growth factors for medical pressure sensors market are comprised of high preference of nanotechnology for operative procedures, use of ultramodern technology, and increase in use of semiconductors for the manufacture of medical devices. In addition, the market is also influenced by manufacturer emphasis on offering novel products to the healthcare market. For instance, the latest 1630 medical pressure sensor by TE Connectivity is compact than its previous version and designed to meet requirements as specified by Association for the Advancement of Medical Instrumentation (AAMI) for blood transducers. It is a piezoresistive pressure sensor that can be customized to meet specific customer demands. 1630 series offers major benefits such as AAMI specifications, dielectric gel barrier, low cost disposable, customizable for OEM applications, etc. Specifically, it is used as an application for disposable intra uterine pressure sensor and disposable blood pressure sensor.

By region, Asia Pacific is estimated to have a significant share in the global market thanks to ongoing research and development in the semiconductor industry and presence of key players. Additionally, availability of large consumer pool with a major share for geriatric population with routine check-up is expected to propel the market demand in the following years. Europe is a leading market for OEM applications and healthcare devices. Moreover, availability of technical competence and funding for medical startups is expected to trigger the market growth in Europe.

Some of the key players mentioned in the medical pressure sensors market are Amphenol, TE Connectivity, Argon, NXP + Freescale, First Sensor AG, Infineon, Smiths Medical, Edwards Lifesciences, Merit Medical Systems, and Biosensor International.