Sensors are tools that identify biological, physical, and chemical signals and give a mechanism to measure and record such signals. Pressure, temperature, vibration, sound level, weight, and concentration of several chemicals in gaseous, liquid, or solid form are examples of physical signals that may be perceived. Sensors allow for the tracking and monitoring of medical issues. Due to their ability to provide the mechanical vision needed for robotic steering, counting, reading, and sorting, sensors have had a significant impact on numerous sectors. Medical sensors are essential to the secure operation of several medical equipment in a variety of applications.
Pressure, force, airflow, oxygen, pulse oximetry, temperature, and barcode sensing are the main sensors utilised in medical equipment.
The market for Medical Sensors is anticipated to reach a value of US$ 20,545.0 million in 2022 and grow at a CAGR of 10.1% during the following five years (2022-2030).
Key Leaders in the Medical Sensors Industry:
1. Medtronic plc
Medtronic plc is an American manufacturer of medical equipment, founded in 1949. Due to its 2015 acquisition of the Irish-based Covidien, the business has its operational and executive offices in Minneapolis, Minnesota, and its legal headquarters in Ireland.The fourth quarter cash dividend for the fiscal year 2023 of $0.68 per common share, an increase of 8%, was approved by Medtronic plc's board of directors on March 2, 2023.
2. GE HealthCare Technologies Inc.
GE HealthCare Technologies Inc., doing business as GE HealthCare, is a multinational provider of medical technology with its main office in Chicago, Illinois. It was established in 1892. On January 4, 2023, GE split it out, keeping 20% of the company. A greater number of people can receive better care thanks to our customers' use of the wide range of expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, drug discovery, biopharmaceutical manufacturing technologies, performance
