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Disposable Medical Sensors Market (Product Type - Temperature Sensors, Biosensors, Pressure Sensors, Image Sensors, Patient Position Sensors, and Other Product Types; Placement Type - Wearable Sensors, Ingestible Sensors, Invasive Sensors, Implantable Sensors, and Strip Sensors; Application - Diagnostics, Patient Monitoring, and Therapeutics): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : March, 2020

  • Rep Id : HC0830

  • Category : Healthcare & Medical Devices

  • Status : Published

A recent report published by Infinium Global Research on disposable medical sensors market provides an in-depth analysis of segments and sub-segments in the global as well as regional disposable medical sensors market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional disposable medical sensors market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global disposable medical sensors market. According to the report, the global disposable medical sensors market is projected to grow at a CAGR of 6.9% over the forecast period of 2019-2025.

 

Market Insight

Disposable medical sensors are portable scanning devices. These sensors are designed to identify and provide information in the form of electrical signals by converting the patient’s different forms of stimulation. Disposable medical sensors have their applications in biomechanics, monitoring alcohol levels in the blood, blood analysis, breath analysis, human identification, fingerprint, heart rate, human motion capture, pulsation, blood pressure, and many others.

 

The rising prevalence of chronic diseases such as cancer, diabetes, and acute myocardial will augment the growth of the disposable medical sensors market. World Health Organization projected that by 2020, around three-quarters of deaths worldwide are due to chronic diseases. Technological advancement and various innovations in the development of point of care medical sensors for a diagnosis led to the expansion of disposable medical sensors market. Additionally, increasing demand for sensors in homes and clinics for diagnosis and treatment purposes escalates the growth of the market. The growing number of regulatory approvals for biodegradable sensors contributes to the expansion of the market. Furthermore, the rising need for remote patient monitoring and the availability of various next-generation disposable medical sensors such as wearable wrist watches and painless diabetes monitors drive the growth of the disposable medical sensors market. In addition, the surge in investments in the healthcare sector, increasing government initiatives globally, and improvement in wearable technology are the factors complementing to the expansion of disposable medical sensors market. On the flip side, a lack of adequate reimbursement policies hinders the growth of the disposable medical sensors market. Moreover, growing research and development with innovative product launches create numerous opportunities in the global disposable medical sensors market.

 

Geographically, the global disposable medical sensors market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. North America accounts for the major share in the global disposable medical sensors market. The rapid development in sensor technology and well-established healthcare information technology infrastructure in North America led to the expansion of the disposable medical sensors market in North America. Europe has a significant growth rate in the global disposable medical sensors market owing to growing research and development in the region. Asia-Pacific region is expected to grow in the global disposable medical sensors market with a healthy CAGR over the forecast period. The growing healthcare sector and surge in demand for sensor-based devices in-home care settings in the Asia-Pacific region contribute to the development of the disposable medical sensors market in Asia-Pacific.

 

Segment Covered

The report on global disposable medical sensors market covers segments such as product type, placement type, and application. On the basis of product type, the sub-markets include temperature sensors, biosensors, pressure sensors, image sensors, patient position sensors, and other product types. On the basis of placement type, the sub-markets include wearable sensors, ingestible sensors, invasive sensors, implantable sensors, and strip sensors. On the basis of application, the sub-markets include diagnostics, patient monitoring, and therapeutics.

 

Companies Profiled:

The report provides profiles of the companies in the market such as GE Healthcare, Philips Healthcare, Sensirion AG, Smiths Medical, Inc., Freescale Semiconductor Inc., Medtronic plc, Honeywell International Inc., Covidien Ltd., Analog Devices Inc., MEMSIC Inc., and Other companies.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of disposable medical sensors market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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