0

Disposable Medical Sensor Market Expected to Reach $9,700 Million, Globally, by 2023

 
2022
Disposable Medical Sensor Market

Report Code : A01968

quote Advancements in sensor technologies and an advent of disposables and microelectronic in healthcare sector has led to the sizeable market growth. Hence, key players are nursing their next generation disposable medical sensor products, thereby expanding & evolving, generating a momentum to drive the growth of this market. quote

Sriram Radhakrishnan
Team Lead, Healthcare at AMR.

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, Disposable Medical Sensor Market by Product type, Placement type, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global disposable medical sensor market was valued at $4,823 million in 2016, and is projected to reach $9,700 million by 2023, growing at a CAGR of 10.2% from 2017 to 2023. The biosensor segment accounted for nearly three sevenths share of the total market in 2016.

Access Full Summary at: https://www.alliedmarketresearch.com/disposable-medical-sensors-market

Disposable medical sensors are portable and cost-effective scanning devices used to diagnose and monitor various diseases. These devices function by measuring vital human parameters such as body temperature, breathing, and heart rates. Over the years, the disposable medical sensors have evolved in terms of features, performance, and characteristics. This is due to the continuous improvements in R&D of electronics in pharmaceutical and medical field. Furthermore, the advent of micro-electronics (MEMS) and high adoption of biosensors has played a significant role in the evolution of sensors in healthcare.

Rise in adoption of biosensors, growth in demand of disposable image and wearable sensors, introduction of implantable sensors for preclinical drug research, and technological advancements in sensors such as capsule endoscopes and ultrasonic imaging systems drive the global disposable medical sensor market. However, stringent government regulations and unfavorable reimbursement policies restrain the market growth.

The ingestible sensor segment of disposable medical sensor market by placement type is expected to register the highest CAGR of 11.0% throughout the forecast period. This is owing to the rise in the development of sophisticated sensors for the treatment of various diseases especially diabetes. In addition, many key players have undergone acquisitions and product development to cater to the demand for disposable medical sensor. The implantable sensor accounted for about two-ninths of the total share in 2016, and is anticipated to maintain this trend from 2017 to 2023.

The patient monitoring application generated the highest revenue in 2016, accounting for about two-fifths of the total share, and is anticipated to maintain this trend from 2017 to 2023. The diagnostics application is expected to grow rapidly throughout the forecast period. This is due to the growth in incidence of hospital-acquired infections and increase in life expectancy among people.

Key Findings of the Disposable Medical Sensor Market:

  • The image sensor is anticipated to grow at a highest rate during the analysis period.
  • The U.S. was the major shareholder in the North America disposable medical sensor market, and accounted for the highest share in 2016.
  • The pressure sensor occupied about one-eighth share of the total disposable medical sensor market in 2016 and is expected to grow at a CAGR of 10.9% from 2017-2023.
  • China occupied two-ninth share of the total Asia-Pacific disposable medical sensor market in 2016, registering a high CAGR of 13.1% from 2017 to 2023.
  • The strip sensor segment dominated the market in 2016, growing at a CAGR of 9.6% from 2017 to 2023.
  • The home care segment accounted for the two-fifth share in end user market for disposable medical sensors in 2016.

In 2016, Asia-Pacific and LAMEA collectively accounted for about one-third share of the market and is expected to continue this trend due to increase in adoption disposable medical sensors, specifically in China, India, and the other developing economies. Rise in adoption of biosensors is the main reason for growth of the disposable medical sensor market in Asia-Pacific.

The key players in the global disposable medical sensors market include Philips Healthcare, Sensirion AG Medtronic plc, Honeywell International, Inc., Smiths Group plc (Smiths Medical), STMicroelectronics, Omnivision Technologies, Inc., TE Connectivity (TE), First Sensor, and Ambu A/S. The other prominent players in the value chain include MEMSIC, Inc., Universal Biosensors, Inc., Biosensors International Group, and GeekWire, LLC.

 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Disposable Medical Sensors Market by Product Type [Biosensors, Temperature Sensors, Pressure Sensors, Image Sensors, Accelerometers/Patient Position Sensors, Others], Placement Type [Wearable Sensors, Implantable Sensors, Ingestible Sensors, Invasive Sensors, Strip Sensors], Application [Patient Monitoring, Diagnostics, Therapeutics], and End User [Hospitals, Home Care, Diagnostic Laboratories, and Clinics] - Global Opportunity Analysis and Industry Forecast, 2017-2023 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Oct 2024

Digital Substation Market

Download Sample
rep-img

Published Date Oct 2024

Argan Oil Market

Download Sample
rep-img

Published Date Oct 2024

Cold Plasma Market

Download Sample
rep-img

Published Date Oct 2024

Auto Gas Market

Download Sample

Buy Full Version
"Disposable Medical Sensor Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers