Insights by Component
The sensors segment is projected to achieve over 11% CAGR between 2024 to 2033. Wearable health gadgets, such as smartwatches, fitness trackers, and medical-grade wearables, have grown in popularity. To measure and monitor vital signs and activity levels, these gadgets frequently incorporate multiple sensors such as heart rate monitors, accelerometers, and temperature sensors. Remote patient monitoring solutions, which allow healthcare providers to remotely monitor patients' health states, rely on sensors to capture real-time data. This is especially crucial for chronic disease management and postoperative care. The Internet of Things (IoT) has gained traction in the healthcare sector, allowing medical devices and equipment to communicate with one another in real time. Sensors are essential components of these linked devices, allowing for the monitoring of equipment status.
Insights by Application
The medical imaging segment held a 31% business share, in 2023. A major trend in medical imaging has been the transition from analogue to digital imaging systems. For image capture, processing, and storage, digital imaging systems such as digital X-ray, digital mammography, and digital ultrasound rely on modern semiconductor sensors and processors. AI and machine learning integration in medical imaging has resulted in the creation of smart imaging systems. Semiconductor components are required to handle the complicated algorithms employed in AI-driven image analysis, allowing for improved diagnostics, picture interpretation, and decision support.
Major players in the market