With increasing applications for monitoring health status and vital parameters, there are a variety of sensors to detect deviations from the normal amount of vital signs. These sensors are critical for rapid diagnosis and treatment. Moreover, with the growth and development of IoT and wearable devices, there is an increasing need to increase various types of sensors, especially the biological ones. In addition, the prevalence of chronic diseases is a factor that stimulates the growth of medical sensor market.
Why You Should Choose Retiba’s Product?
What dose Retiba market analysis tool encompass?
What is market research?
Table of Contents
Market / Industry segment of medical sensor market
| Base Year | Market size(B$) | Duration(YEAR) | CAGR(%) | Source Name |
| 2019 | 12.36 | 6 | 9.70% | Mordor Intelligence |
| 2020 | 1.2 | 5 | 6.80% | Market and market |
| 2018 | 11.7 | 7 | 7.80% | Zion market research |
| 2018 | 12 | 7 | 7.80% | Market research future |
Influencing factors that changes market size of medical sensor
The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of the medical sensor
Direct drivers:
1. Development of non-invasive medical methods
2. Increasing the acceptance of patient monitoring systems
3. Increase in chronic diseases
Reverse drivers:
1. Increase of poor-quality and careless sensors
2. Increasing effects of medical sensors on patient health
Your startup has crossed Death Valley, and it has had at least 2 funding rounds? Discounted Cash Flows (DCF)
Your startup has had at least one funding round, you are advised to use Multiples method for valuation.
Your startup is at pre-seed and seed funding rounds, you are advised to use the Score Cards Method, Risk Factors Summation method to value your startup.
The market of medical sensor may also be threatened by following risks:
In all different markets and industries, risk is always one of the factors that business founders should be sufficiently aware of. The first step is risk assessment is identification of risks in the market in order to perform risk management. The market of the medical sensor may also be threatened by the following risks.
- Funding risk
- Sales and marketing risk
- Technology risk
- Manufacturing risk
- Maturity risk
