Disposable Medical Sensors Market

Report Highlights

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 patients’ various forms of stimulations. 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, 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.

Disposable Medical Sensors Market: Drivers and Restraints

The disposable medical sensors market is projected to grow rapidly due to the increasing incidence of chronic diseases such as cancer, acute myocardial infarction, and diabetes mellitus particularly in the geriatric population, as well as an 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 for remote patient monitoring and next-generation disposable medical sensors such as painless diabetes monitors, wearable wristwatches, etc. are other opportunities for manufacturers. A large number of regulatory approvals for biodegradable sensors are also booming the global disposable medical sensors market. However, the lack of adequate reimbursement policies for novel technologies and stringent regulatory procedures are the major factors that can hamper global disposable medical sensors growth over the forecast period.

Disposable Medical Sensors Market: Segmentation

The global disposable medical sensors market has been classified on the basis of application, placement type, type of sensors, end user, and region.

Based on application, the global disposable medical sensors market is segmented into the following:

• Patient monitoring
• Continuous Blood Pressure Monitoring
• Implantable Loop Recorder
• Cardiac Monitoring Electrode
• Pulse Oximeter
• Smart Pill
• Continuous Blood Glucose Monitoring
• Diagnostics
• Capsule Endoscopes
• HIV Test Strip Sensors
• Pregnancy Test Strip Sensors
• Drug And Alcohol Test Strip Sensors
• Blood Glucose Test Strip Sensors
• Immunoassay Biosensors
• Therapeutics
• Insulin Pump Sensors
• Dialysis Sensors
• Cardiac Therapeutic Electrode Sensors
• Cardiac Catheter Sensors

Based on Placement Type, the global disposable medical sensors market is segmented into the following:

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

Based on Type of Sensors, the global disposable medical sensors market is segmented into the following:

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

Based on End Users, the global disposable medical sensors market is segmented into the following:

• Hospitals
• Home Care
• Diagnostic Laboratories
• Clinics

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 U.K. are estimated to account for a major share of 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 monitors are the dominant segment across the globe due to high incidences of diabetes and cardiac diseases. The diagnostic strips for HIV tests, pregnancy tests, blood glucose tests, and immunological tests 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 the 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 Healthcare, 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 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.