Latin America Biomedical Sensors Market Report 2015-2020

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Jun 29, 2015, 06:13 ET

DUBLIN, June 24, 2015 /PRNewswire/ --

Research and Markets(http://www.researchandmarkets.com/research/zj7h4f/latin_america) has announced the addition of the "Latin America Biomedical Sensors Market - Growth, Trends & Forecasts (2014-2020)" report to their offering.

The Latin America Biomedical Sensors market is estimated at $0.65 billion by 2018 at a CAGR of 2.04% over the period 2014-2020

The near future will bring Biomedical sensors that are adaptable to the genetic formulation of each individual. These sensors can be set to trigger alerts when unpredictable readings are enlisted, screen the existence of toxic agents in the blood, or empower drug directly into the circulatory system. These Sensors are set to find its demand in the healthcare industry.

The Biomedical Sensors are driven by the increased demand in the hazardous environments, utilization in situations resulting natural disasters, increased demand in healthcare sector for diabetic and heart patients, and embedded monitoring of the patients. The advancement in technology has made possible to build a Biomedical Sensor using Nano and Micro technology making it tiny, robust, smart and cost-effective. The early detection of irregularities in the health status of the patients will contribute to the better quality of life.

Even though Biomedical Sensors are playing a major role in life saving situation, it is facing certain challenges such as patient's safety and comfort due to strong electromagnetic fields, transferring energy from external to internal parts with high efficiency and high data rates, limited computation and data storage, and ultra-low power consumption. Mexico closely followed by Brazil account for highest market share with Brazil projecting a higher growth rate over the forecasted period.

The Latin America Biomedical Sensors Market is segmented on the basis of Type (Temperature, Accelerometer, Pressure, Chemical, and Biochemical), Application (Pharmaceutical, Healthcare).

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