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.
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
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.
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.
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.