According to Stratistics MRC, the Global Disposable medical sensors market is accounted for $6073.62 million in 2017 and is expected to reach $21892.59 million by 2026 growing at a CAGR of 11.7%. Factors such as increasing number of chronic diseases, growing demand Low-Cost Medical Devices, rising government support in advancing Research & Development activities and technological advancements are favouring the market.
However, lack of reimbursement, strict government policies are some of the factors hampering the market. In addition, advantage of using Medical Sensor-Based Devices in Home Care Settings is one of the major opportunities during the forecast period.
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Disposable medical sensors are small scanning devices which are useful in healthcare industry as temperature sensors, pressure detectors and image sensors. These types of sensors are useful in monitoring of patient, treatment of diagnosing diseases and therapeutic processes.
Medical sensors are intended to identify and provide information in the form of electrical signals. For example, Abbott Company has received approval for its FreeStyle Libre Pro system, a continuous glucose monitoring (CGM) system.
By product, the demand for biosensors is rising rapidly due to the growing number of infectious diseases, need for point of care testing where biosensors are used. Rising incidence of chronic diseases, demand for invasive diagnostic testing is fuelling the growth of Ingestible sensors.
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On the other hand, patient monitoring has acquired largest market share as the demand for medical sensors and monitoring devices are growing. Asia Pacific is anticipated to be one of the fastest growing regions for disposable medical sensors owing to the large number of geriatric population, growing healthcare expenditure.
North America is dominating the market with innovations of new products and also due to the existence of huge number of industry players in this market.
Some of the key players in global Disposable medical sensors market include Koninklijke Philips N.V., GE Healthcare, Medtronic Plc, Philips Helathcare, Gentag, Inc, Honeywell International Inc. NXP Semiconductors N.V., Sensirion AG, General Electric Company, Smiths Group plc, TE Connectivity Ltd, STMicroelectronics N.V., Omnivision Technologies, First Sensor and Ambu A/S
Sensor Types Covered:
Accelerometer/Patient Position Sensors
MR Position Sensors
Placement of Sensors Covered:
Patient Monitoring Devices
Diagnostic Testing Devices
End Users Covered:
Rest of Europe
Rest of Asia Pacific
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
Table of Content
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Disposable Medical Sensors Market, By Sensor Type
6 Global Disposable Medical Sensors Market, By Placement of Sensors
7 Global Disposable Medical Sensors Market, By Application
8 Global Disposable Medical Sensors Market, By End User
9 Global Disposable Medical Sensors Market, By Geography
10 Key Developments
11 Company Profiling
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