Innovation and Inspiration behind Growth of Global Medical Sensors Market

Published By : 17 Mar 2016 | Published By : QYRESEARCH

The growing shift towards at-home professional health care is a trend that is rapidly picking up pace in the global health care and medical industry today. Thanks to the rise in the cost of medical treatments in medical care clinics and hospitals, people have been rapidly adopting home health care services. This, in turn, is anticipated to result into the growing demand for different health care devices in the coming years. 

Lack of Favorable Reimbursement Policies Hampering Growth of Medical Sensors Market 

Medical sensors form a significant category in the medical and health care devices sector and are projected to witness strong demand across the globe. However, the lengthy duration of approval procedures, the implementation of strict government regulations, and the dearth of favorable reimbursement policies are some of the major factors challenging the growth of the medical sensors market in the near future. 

Introduction of New Devices Propelling Global Medical Sensors Market 

The growth of the global medical sensors market is anticipated to be greatly propelled by the introduction of new medical sensors in the market. Not so long ago, Redlen Technologies Inc. and Hitachi Medical Corp. announced their plan to jointly design, develop, and introduce a medical device for the latest computed tomography systems that count photons. This device is a direct conversion semiconductor x-ray detector and is anticipated to be the diagnostic medical imaging modality for the next generation. This new device, which will be jointly developed by the two companies, comes with advanced features such as material discrimination, higher image resolution, and functional imaging.

Asia Pacific to Emerge as Leading Regional Segment 

The prominent regional markets for medical sensors are Europe, Asia Pacific, North America, and Rest of the World. Thanks to the incredible untapped potential in China and India, Asia Pacific is projected to emerge as the most rapidly expanding medical sensors market in the near future. 

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