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New York, May 27, 2021 (Global News)-Reportlinker.com announced the release of the report “North American Biomedical Sensor 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, safety issues related to the use of biomedical sensors hinder the growth of the market.
Biomedical sensors are used for regular health monitoring. According to estimates by the World Health Organization (WHO), nearly 17.9 million people died of cardiovascular disease worldwide, accounting for 31% of all deaths worldwide. The incidence of cardiac arrest, hypertension, and stroke is increasing, which has caused a surge in demand for instant medical monitoring sensors. In addition, government organizations have organized many awareness-raising programs to control and prevent diseases. For example, the Centers for Disease Control and Prevention (CDC) implemented the “National Heart Disease and Stroke Prevention Plan” and the “Blood Lipid Standardization Plan” to raise people’s awareness. These programs include training and exercise to spread awareness about the adverse effects of cholesterol; at the same time, to educate hospital staff. Therefore, the rising incidence of lifestyle-based diseases is driving market growth.
Since the outbreak, North America has reported an increase in the number of positive COVID-19 cases. As researchers and clinicians are adjusting to work in remote environments, and laboratory capacity is reduced, clinical and product development engines are undergoing major damage.
The interruption of newly enrolled patients and keeping existing patients receiving treatment also severely affected clinical trials. The impact of the COVID-19 outbreak puts pressure on many biomedical sensor companies.
However, the demand for R&D activities is increasing, which has led to an increase in medical equipment auxiliary equipment used to detect COVID-19, which has promoted the development of the medical equipment industry. For example, researchers at the Grainger School of Engineering at the University of Illinois have developed an ultra-sensitive test using paper electrochemical sensors that can detect the presence of the coronavirus in five minutes.
The Canadian government has invested 25.8 million Canadian dollars in COVID-19 research to promote global efforts for research on medical countermeasures against COVID-19. For example, the “New Microfluidic Electrochemical Nano-Biosensor for Rapid and Ultra-sensitive Clinical Detection of the 2019 Novel Coronavirus (nCOVID-19)” research project received US$790,000 in funding. During the first wave of COVID-19 outbreak, the Canadian government through CIHR, Natural Sciences and Engineering Research Council of Canada (NSERC), Social Sciences and Humanities Research Council provided US$26.8 million in funding for COVID-19 research projects (SSHRC), international Development Research Center (IDRC), Canadian Research Coordinating Council (CRCC) through Research New Frontiers (NFRF) and Canadian Genome (GC). Therefore, the increase in government funding for research and development activities is expected to promote the growth of the biomedical sensor market.
Based on the type, the North American biomedical sensor market is divided into wired and wireless. The wireless field has a larger market share in 2019, and the compound annual growth rate of this field is expected to be higher during the forecast period during the same period.
Divided by sensor type, the North American biomedical sensor market is divided into temperature, pressure, image sensors, biochemical, inertial sensors, motion sensors, electrocardiogram (ECG) and other sensor types. The temperature segment has the largest market share in 2019, while the motion sensor segment is expected to achieve the highest compound annual growth rate in the market during 2020-2027.
The North American biomedical sensor market by product is divided into invasive sensors and non-invasive sensors. The non-intrusive sensor segment has a larger market share in 2019, and the compound annual growth rate of this segment is expected to be higher during the forecast period during the same period.
Based on applications, the North American biomedical sensor market is segmented into medical diagnosis, clinical treatment, imaging and personal healthcare. In 2019, the medical diagnostics field has the largest market share, and the compound annual growth rate of the personal health care field is expected to reach the highest in 2020-2027.
When preparing the report on the North American biomedical sensor market, some of the main and secondary sources mentioned were the Natural Science and Engineering Research Council of Canada (NSERC), the American Heart Association, and the Heart Rhythm Association.
Read the full report: https://www.reportlinker.com/p06075732/?utm_source=GNW
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