North America Biomedical Sensors Market Expected
New York, May 27, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “North America Biomedical Sensors Market Forecast to 2027 – COVID-19 Impact and Regional Analysis By Type; Sensor Type; Product; Application” – https: / /www.reportlinker.com/p06075732/?utm_source=GNW
However, the safety concerns associated with the use of biomedical sensors are hampering the growth of the market.
Biomedical sensors are used in regular health monitoring. According to the World Health Organization (WHO), it is estimated that nearly 17.9 million people die from cardiovascular disease worldwide, accounting for 31% of all deaths worldwide. The growing incidence of cardiac arrest, high blood pressure and stroke is increasing the demand for point-of-care monitoring sensors. In addition, many awareness programs have been organized by government organizations to control and prevent disease. For example, the National Heart Disease and Stroke Prevention Program and the Lipid Normalization Program are led by the Center for Disease Control and Prevention (CDC) to raise awareness. These programs consist of training and awareness campaigns on the harmful effects of cholesterol; also, provide training to hospital staff. Thus, the increasing incidence of lifestyle related diseases is driving the growth of the market.
North America has reported growing number of positive COVID-19 cases since its outbreak, clinical and product development engine undergoing significant disruption as researchers and clinicians adjust to work in environments away and laboratory capacity is reduced.
Clinical trials are also severely affected by disruptions to both new enrollments and keeping existing patients on treatment. The impact of the COVID-19 outbreak has put many biomedical sensor companies under pressure.
However, the demand for R&D activities is increasing, resulting in an increase in medical device assistance for the detection of COVID-19, which is driving the medical device industry. For example, researchers at the University of Illinois Grainger College of Engineering developed an ultra-sensitive test using a paper-based electrochemical sensor capable of detecting the presence of the coronavirus in five minutes.
The Government of Canada has invested $ 25.8 million in COVID-19 research to support global research efforts on medical countermeasures against COVID-19. For example, a research project on “Rapid and Ultrasensitive Clinical Detection of Novel Coronavirus 2019 (nCOVID-19) by Novel Microfluidic Electrochemical Nanosensors” was funded at $ 0.79 million. During the first wave of the COVID-19 outbreak, the Government of Canada provided funding of $ 26.8 million for research projects on COVID-19 through CIHR, Research Council in Natural Sciences and Engineering Canada (NSERC), from the Social Sciences and Humanities Research Council. (SSHRC), the International Development Research Center (IDRC), the Canadian Research Coordinating Committee (CRCC) through the New Frontiers in Research Fund (NFRF) and Genome Canada (GC). Thus, increased government funding in research and development activities is expected to support the growth of the biomedical sensors market.
Based on type, the biomedical sensor market in North America is divided between wired and wireless. The wireless segment held larger market share in 2019, the same segment is also expected to register higher CAGR in the market during the forecast period.
By type of sensor, the North America biomedical sensor market is segmented into temperature, pressure, image sensors, biochemical, inertial sensors, motion sensors, electrocardiogram (ECG), and other types of sensors. The temperature segment held the largest market share in 2019, while the motion sensor segment is expected to register the highest CAGR in the market in 2020-2027.
North America Biomedical Sensors Market, by Product, is divided into Invasive Sensors and Non-Invasive Sensors. The non-invasive sensors segment held a larger market share in 2019, the same segment is also expected to register a higher CAGR in the market during the forecast period.
Based on the application, the North America biomedical sensor market is segmented into medical diagnostics, clinical therapy, imaging, and personal health care. The medical diagnostics segment held the largest market share in 2019, while the personal healthcare segment is expected to register the highest market CAGR between 2020 and 2027.
Some of the major primary and secondary sources mentioned while preparing the report on the North America Biomedical Sensors Market are Natural Sciences and Engineering Research Council of Canada (NSERC), American Heart Association, and the Heart Rhythm Society.
Read the full report: https://www.reportlinker.com/p06075732/?utm_source=GNW
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