Disposable Medical Sensors Market 2022, Share, Size, Share, Revenue, Industry Analysis Forecast by 2032

Disposable medical sensors are designed to detect and provide information in the form of electrical signals by converting the patient's various forms of stimulation.

Over the projection period, the Disposable Medical Sensors Market is anticipated to rise at a CAGR of 8.1%, from USD 6.5 billion in 2021 to USD 15.31 billion in 2032.

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 the patient's various forms of stimulation.

Disposable medical sensors facilitate continuous patient monitoring 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, and urology and so on. Currently the trend witnessed in the global disposable medical sensors market is the development of products in ablation treatments for cancer, cardiac arrhythmia, point of care diagnosis, pain free glucose monitoring, wireless insulin delivering procedures, etc.

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Disposable Medical Sensors Market: Drivers and Restraints

Disposable medical sensors market is projected to grow rapidly 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 are technological 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 for manufacturers.

Large number of regulatory approvals for biodegradable sensors 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 for disposable 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 UK are estimated to account for a major share in the European disposable medical sensors market over the forecast period. APAC is expected to represent a high growth rate in the next five years. By application type, monitoring devices particularly cardiac pacemakers and blood glucose monitors are the dominant segment across the globe due to high incidences of diabetes and cardiac diseases.

The diagnostic strips for HIV test, pregnancy test, blood glucose 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 Specialties, Smiths Medical, ST Microelectronics, Philips Helathcare, Medtronic, Freescale Semiconductor, Inc., GE Healthcare, Analog Devices, Inc., Given Imaging, Honeywell International, Inc. and Covidien, 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 Specialties is developing customized products to satisfy patient needs. 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 of the 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 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.

Disposable Medical Sensors Market: Segmentation

Based on application

  • Patient monitoring
  • Continuous Blood Pressure Monitoring
  • Implantable Loop Recorder
  • Cardiac Monitoring Electrode
  • Pulse Oximeter
  • Smart Pill
  • Continuous Blood Glucose Monitoring
  • Diagnostics

Based on Placement Type:

  • Implantable sensors
  • Invasive sensors
  • Ingestible sensors
  • Strip sensors
  • Wearable sensors

Based on Type of Sensors:

  • Biosensors
  • Accelerometers
  • Image sensors
  • Pressure sensors
  • Temperature sensors
  • MR Position Sensors
  • Force Sensors
  • Humidity Sensors

Based on End User:

  • Hospitals
  • Home Care
  • Diagnostic Laboratories
  • Clinics

 


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