Worldwide Non-Optical Pressure Sensor Industry to 2025 - Key Drivers, Restraints and Opportunities
DUBLIN, Sept. 15, 2020 /PRNewswire/ -- The "Non-Optical Pressure Sensor Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The global non-optical pressure sensor market is estimated to be valued at US$2.445 billion in 2019 and is projected to grow at a healthy CAGR during the forecast period.
Also, annual deaths due to diabetes is predicted to surge by 38% to 385,800. The total annual medical and societal costs linked to diabetes is predicted to rise around 53% to over USD622 billion by the end of 2030. Significant efforts are being made towards effective diabetes management. The emergence of advanced insulin delivery systems with automated dispensing systems is providing relief for many patients suffering from this disease. According to the USFDA news release on December 2019, the organization announced the authorization of the first interoperable automated glycemic controller device that is capable of automatically adjusting the insulin delivery to a diabetic patient.
The Automated insulin dosing (AID) system consist of a pump, continuous glucose monitor (CGM), and a software for controlling the system of compatible devices. With automated dispensing devices increasingly present in varied healthcare organizations, the market is propelled to grow during the forecast period. In addition, the shift to direct patient care, changes in healthcare systems, and cost-reduction pressures is further offering high growth prospects for automated drug delivery systems to proliferate, further contributing to surging the market growth during the course of the forecast period. The American Society of Health-System Pharmacists approved the use of automated drug dispensing system distribution as this has contributed to releasing the pharmacists from labour-intensive drug distribution functions.
The presence of companies offering pressure sensors that fulfill the requirements of the various end-user industries is driving the market growth during the forecast period.
Key Topics Covered:
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porters Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis
5. Non-Optical Pressure Sensor Market Analysis, by Sensor Technology
6. Non-Optical Pressure Sensor Market Analysis, by End-User Industry
7. Non-Optical Pressure Sensor Market Analysis, by Geography
7.2. North America
7.2.1. North America Non-Optical Pressure Sensor Market, By Sensor Technology
7.2.2. North America Non-Optical Pressure Sensor Market, By End-User Industry
7.2.3. By Country
188.8.131.52. United States
7.3. South America
7.3.1. South America Non-Optical Pressure Sensor Market, By Sensor Technology
7.3.2. South America Non-Optical Pressure Sensor Market, By End-User Industry
7.3.3. By Country
7.4.1. Europe Non-Optical Pressure Sensor Market, By Sensor Technology
7.4.2. Europe Non-Optical Pressure Sensor Market, By End-User Industry
7.4.3. By Country
7.5. Middle East and Africa
7.5.1. Middle East and Africa Non-Optical Pressure Sensor Market, By Sensor Technology
7.5.2. Middle East and Africa Non-Optical Pressure Sensor Market, By End-User Industry
7.5.3. By Country
184.108.40.206. United Arab Emirates
220.127.116.11. Saudi Arabia
7.6. Asia Pacific
7.6.1. Asia Pacific Non-Optical Pressure Sensor Market, By Sensor Technology
7.6.2. Asia Pacific Non-Optical Pressure Sensor Market, By End-User Industry
7.6.3. By Country
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
9.1. Emerson Electric Co.
9.2. Honeywell International Inc.
9.5. Parker Hannifin Corp.
9.7. SMC Corporation
9.8. Eaton Corporation plc
9.9. Festo Group
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