The disposablemedical sensors market is expected to grow at a CAGR of 8.1% over theforecast period, from USD 6.5 billion in 2021 to USD 9.4 billion in 2026. Disposable
medical sensors are portable scanning devices intended for diagnosis, patient
monitoring and therapeutic processes. Disposable medical sensors are designed
to detect and provide information in the form of electrical signals by
converting patient’s various forms of stimulations.
Disposable medical sensors facilitate continuous patientmonitoring through the measurement of basic vital signs, for instance heart
rate, breathing rate, blood oxygenation level, pulse rate and temperature.
Disposable medical sensors are used in different specialties such as
cardiology, radiology, general medicine, neurology, ophthalmology, urology and
so on. Currently the trend witnessed in the global disposable medical sensors market is the development ofproducts in ablation treatments for cancer, cardiac arrhythmia, point of care
diagnosis, pain free glucose monitoring, wireless insulin delivering
procedures, etc.
Disposable Medical Sensors Market: Drivers and Restraints
Disposable medical sensors market is projected to growrapidly due to increasing incidence of chronic diseases such as cancer, acute
myocardial infarction and diabetes mellitus particularly in geriatric
population, as well as increasing number of postoperative rehabilitation
patients across the globe.
Major drivers for the disposable medical sensors market aretechnological advancements and increasing innovations in the development of
point of care medical sensors for diagnosis and monitoring outside hospitals.
At the same time increasing the need of remote patient monitoring and next
generation disposable medical sensors such as painless diabetes monitors,
wearable wrist watches, etc. are other opportunities to manufacturers.
Large number of regulatory approvals for biodegradablesensors are also booming the global disposable medical sensors market. However
lack of adequate reimbursement policies for novel technologies and stringent
regulatory procedures are the major factors that can hamper the global
disposable medical sensors growth over the forecast period.
Disposable Medical Sensors Market: Overview
The United States represents the largest market fordisposable medical device sensors in North America, followed by Canada. Europe
is expected to be the second largest region in the global disposable medical
sensors market. Germany, France, and the U.K. are estimated to account for a
major share in the Europe disposable medical sensors market over the forecast
period. APAC is anticipated to represent a high growth rate in the next five
years. By application type, monitoring devices particularly cardiac
pacemakers and blood glucose monitorsare the dominant segment across globe
due to high incidences of diabetes and cardiac diseases.
The diagnostic strips for HIV test, pregnancy test, bloodglucose test and immunological test are anticipated to hold a high collective
share in the global disposable medical sensors market. By end use, the
hospitals and home care segments are projected to account for around 50% share
in the global disposable medical sensors market and the trend is forecast to
continue through the forecast period. By placement of sensors type, wearable
sensors and strip sensors are estimated to register above average CAGR over the
forecast period owing to its affordable price due to miniaturization of
equipment.
Disposable Medical Sensors Market: Key Players
Key players of Mayo Clinic and Gentag, Sensirion AG,Measurement Specialities, Smiths Medical, ST Microelectronics, Philips
Helathcare, Medtronic, Freescale Semiconductor, Inc., GE Healthcare, Analog
Devices, Inc., Given Imaging, Honeywell International, Inc. and Coividien, plc.For instance, Gentag Company extended the near field communication (NFC)
technology to accomplish remote patient monitoring worldwide. Freescale
Semiconductor, Inc is developing lower-cost, semiconductor-based sensors with
high sensitivity. The Measurement Specialities is developing customized
products to satisfy patient need. Analog Devices, Inc. is collaborating with
customers to accelerate the pace of innovation and produce breakthrough
solutions for impossible conditions.
The research report presents a comprehensive assessment ofthe market and contains thoughtful insights, facts, historical data, and
statistically supported and industry-validated market data. It also contains
projections using a suitable set of assumptions and methodologies. The research
report provides analysis and information according to categories such as market
segments, geographies, types, technology and applications.
- The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
- Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (EU-5 countries, BENELUX, Nordic countries)
- Eastern Europe (Russia, Poland)
- Asia Pacific (India, China, ASEAN)
- Japan
- Middle East and Africa (GCC countries, S. Africa, N. Africa)
The report is a compilation of first-hand information,qualitative and quantitative assessment by industry analysts, inputs from
industry experts and industry participants across the value chain. The report
provides in-depth analysis of parent market trends, macro-economic indicators
and governing factors along with market attractiveness as per segments. The
report also maps the qualitative impact of various market factors on market
segments and geographies.
Information Source: https://www.futuremarketinsights.com/reports/disposable-medical-sensors-market
