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Disposable Medical Sensors Market

Global Disposable Medical Sensors Market Size, Share, Development, Growth and Demand Forecast to 2023

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Report Code: LS11096
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Market Overview

Disposable Medical Sensors are portable transducing devices that collects data and detect any alterations in the acquired data to provide electrical or optical output. The main function of these disposable medical sensors is to diagnosis, patient monitoring and to provide therapeutic processes. The global disposable medical sensors market is categorized on the basis of the product, placement of sensors, application, and end user. On the basis of product, the market is segmented into biosensors, instrument pressure sensors, services accelerometers, temperature sensors, image sensors, and other sensors. Biosensors holds the largest shares in the market. However, the wide use of CMOS based Image sensors coupled with the rise in endoscopic products and procedures will mark the fastest growth of Image sensors in the forecast period.

Based on placement of sensors, the disposable medical sensors market is categorised into strip sensors, wearable sensors, implantable sensors, invasive sensors, ingestible sensors. Among these segments, the ingestible sensors are expected to be the fastest growing segment, while the strip sensors accounted for the largest share of the global market.

Based on application, the disposable medical sensors market is segmented into diagnostic testing devices, therapeutic devices, patient monitoring devices, and imaging devices. Diagnostic testing devices accounted for the largest share of the global market and imaging devices is likely to have the fastest growth, during the forecast period.

Market Dynamics

Growth Drivers

Over the years, there have been increasing number of cases of contamination and infections acquired from hospitals and clinics, thereby driving the growth of disposable medical sensors in home-care. The rising demand to produce low cost medical equipment is another factor driving the growth of the global disposable medical sensors market. Reciprocating this demand, government along with private firms provide support to the R&D activities, acting as major driver in the growth of global market.

Further, over the years there has been rise in prevalence of diabetes and cardiovascular diseases, that drives the manufacturers in the disposable medical sensors market to develop sensory monitoring devices such as; continuous glucose monitors, cardiac monitors, continuous blood-pressure monitors, to cater to the need of the market globally.

Restraints

Stringent regulatory reforms and restrain from insurance companies for adequate reimbursement are some of the key factors hindering the growth of the global disposable medical sensors market.

Opportunities and Trends

Recently, a number of collaborations have been announced to develop technologically advanced and user-friendly disposable medical sensors, which is expected to provide abundant opportunities to the manufacturers in the global disposable medical sensors market. Moreover, the flexible regulatory amendments, mainly for the novel ingestible sensors is expected to boost the growth of global disposable medical sensors market.

There has been a consistent increase in the demand for developing compact, flexible accurate diagnostic portable medical sensors and has been observed as a recent trend in the global market. Additionally, the need to prepare user friendly medical sensors, that can be used in a homecare setting and rising R&D investment to build the same are some of the other trends witnessed by the global disposable medical sensors device market.

Insights by Geography

The technological advancement and large funding from government and private firms in their R&D activities, escalated North America to lead the global disposable medical sensors market, followed by Europe. Several other factors such as the rapid development in the overall healthcare industry, rising awareness among the population with respect to health, and the rise in medical tourism is expected to bring a steep growth in the Asia-Pacific global disposable medical sensors market during the forecast period. The rise in prevalence of diabetes and cardiovascular diseases in the region has brought government bodies and private firms to invest in the R&D in order to develop technologically advanced disposable medical sensors.

Competitive Landscape

The disposable medical sensors market is technology driven that requires extensive R&D activities to develop novel, technologically advanced, user friendly and yet economically feasible products.
Medtronics Plc, has recently developed Enlite Sensor, to monitor the blood glucose level, that features smaller, more flexible sensors and is able to produce accurate results as compared to other commercially available CGM devices.

Similarly, Gentag has developed a breakthrough product in terms of incorporating near field communication (NFC) technology to monitor remote patients worldwide.

STMicroelectronics N.V., GE Healthcare, Philips Healthcare, Honeywell International, Inc., Freescale Semiconductor, Inc., Medtronic PLC, Smiths Medical, Analog Devices, Inc., TE Connectivity, Covidien PLC, Mayo Clinic, Sensirion AG, Given Imaging, Measurement Specialties and Gentag are some of the key players in the global disposable medical sensors market.

MARKET SEGMENTATION
By Product

  • Biosensors
  • Pressure sensors
  • Accelerometers
  • Temperature sensors
  • Image sensors
  • Other ensors

By Placement of Sensors

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

By Application

  • Diagnostic testing devices
    • Blood glucose test strips
    • Pregnancy test strip sensors
    • Drug and alcohol test strip sensors
    • HIV test strip sensors
  • Therapeutic devices
    • Dialysis device sensors
    • Cardiac therapy sensors
    • Cardiac catheter sensors
    • Insulin pump sensors
  • Patient monitoring devices
    • Continuous blood pressure monitors
    • Pulse oximeters
    • Cardiac monitors
    • Continuous glucose monitoring (CGM) devices
    • Implantable loop recorders
    • Smart pills
    • Others
  • Imaging devices
    • Capsule endoscope sensors
    • Disposable endoscope sensors

By End User

  • Hospitals
  • Home Care
  • Diagnostic Laboratories
  • Clinics

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • The U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • South Africa
    • Egypt
    • Rest of MEA

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