Forecast Study on the Global Medical Sensors Market (2019-2023): Growing Demand for Digital Medicine & Sensor-Enabled Pills

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Dublin, April 17, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering.The medical sensors market will register a CAGR of 9% by 2023. The demand for medical sensors is further boosted by the increasing adoption of medical sensors among end-users such as home care settings. In addition, due to the rise in medical treatments in hospitals and clinics, patients are shifting from treatment in hospitals to home healthcare services.Furthermore, portable medical devices are further being adopted by the end-users because of the growing need for remote patient monitoring. As a result, the demand for medical sensors continues to grow as it eliminates the need for patients to frequently visit hospitals for check-ups.One of the growth drivers of the global medical sensors market is the increasing adoption of medical sensor technology. The increase in R&D activities, coupled with product innovations, has led to driving the global medical sensors market during the forecast period.One of the challenges in the growth of the global medical sensors market is the lack of reimbursement policies. The lack of reimbursement policies provided by health insurance companies is leading to the low adoption of medical technologies such as medical sensors, thereby hindering the growth of the market.The market appears to be moderately concentrated with the presence of a few market players. Vendors in the market are increasingly focusing on improving their distribution networks and ensuring the availability of medical sensors to end-users such as hospitals and clinics.This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.

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Globe Newswire: 10:20 GMT Wednesday 17th April 2019

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