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Load Cell Market Analysis

The load cell market is expected to register a CAGR of 2.6% over the forecast period, (2022-2027).

The COVID-19 pandemic had a mixed impact on the market. At the pandemic's beginning, countries worldwide continued to face huge infection threats. The supply chain disruption caused due to COVID-19 led to shortages of critical medical supplies worldwide. Therefore, many countries have taken definite measures to ease the shortages by importing equipment such as domestic manufacturing of medical devices and related equipment. Although respiratory failure was one of the primary causes of admission to intensive care during the pandemic, the importance shifted to cardiac disease patients. However, both the respiratory and cardiac patient pool increased drastically. The use of hospital beds increased and even surpassed the available capacity of hospitals globally. As per the article titled ' Rising COVID-19 cases in India Result in Unavailability of Beds in Hospitals and Delayed Test Reports' published in April 2021 the COVID-19 cases across India resulted in the unavialbility of beds in hospitals, As load cells have a wide application in hospital bed weighing scales, the demand for the load cell increased. Hence, anticipated to have a positive impact on the studied market growth.

The increasing demand for load cells across industries, rapid industrial automation across the globe, and uptake of precision force measuring instruments are major factors driving the growth of the studied market. The increasing adoption of load cells in hospital bed settings is another major factor driving the growth of the studied market. As per Sensotech, high precision and ultra-precision load cell have wide applications in the healthcare industry. The load cells are used as sensors for robotic surgery. Also, they have wide use in health kiosks and hospital bed weighing scales. Moreover, an article published in March 2020 titled 'Load Cells in Medical and Pharmaceutical Applications' mentioned that some of the commercially available load cells are used for precision tension measurements, such as the load cell developed by Michigan Scientific Corporation (MSC) measures the tension force applied by the weight of the IV (Intravenous) bag. Load cells can also be used for measurement verification of patient lifts because it's critical to accurately measure patient load. The MSC load cells can also be used to optimize the design of the lifts. These increasing product development and adoption in healthcare are anticipated to drive the growth of the studied market over the forecast period.

Load Cell Market Trends

This section covers the major market trends shaping the Load Cell Market according to our research experts:

Digital/smart load cells Segment is Expected to Witness Growth Over the Forecast Period

Load Cell Industry Segmentation

As per the report's scope, load cells are transducers that convert force or weight into an electrical signal. They have been widely used for measuring and sensing applications in almost every industry. The normal configuration uses four gauges, but some use 8, 16, 32, or more, while some use one or two gauges. But the performance of any load cell is defined by the precise positioning of the gauges, the mounting, and the materials used. The load cell market is segmented by Weigh Capacity (Low-capacity, Medium-capacity, and High-capacity), Product (S-Type, Digital/smart load cells, Shear-Beam, Bending Beam, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The report offers the value (USD million) for the above segments.