The size of the global disposable medical devices sensors market is estimated to worth USD 8.02 billion in 2020. This value is forecasted to be growing at a CAGR of 10.55% and worth USD 13.24 million by 2025.
Disposable Medical Devices Sensors medical devices are used to detect particular data for patient monitoring or disease diagnosis. They are portable scanning devices used to measure heart rate, breathing rate, and body temperature. They are emerging as powerful, cost-effective tools for identifying diseases caused by viruses, bacteria, and fungi. Manufacturing companies should follow the new standards issued by the Government.
Sensor-based devices have enhanced in terms of characteristics, technology, and performance due to the continuous improvements of electronics in medical and pharmaceutical applications. With the advancement of IT and wireless sensor technology, disposable sensors and biosensors play a significant role in healthcare. Furthermore, the increase in microsystems technology such as MEMS, Si-based sensors, and microfluidic chips has become a benchmark in the healthcare sector with great accuracy and characteristics.
MARKET DRIVERS:
Increasing incidence of chronic diseases such as cancer, diabetes, and other infectious diseases, particularly in the geriatric population, and improving innovations in the development of medical sensors for diagnosis, are the primary factors augmenting the disposable medical sensors market growth. Moreover, factors like a massive investment by private players, increasing the need for remote patient monitoring and next-generation disposable medical sensors, government support towards R&D in the field of sensors, the requirement of cost-effective devices and accessories, and raising awareness about medical sensors are also driving the disposable medical sensors market.
MARKET RESTRAINTS:
However, factors like stringent regulatory approval procedures, lack of reimbursement policies, and a limited number of skilled professionals hinder the growth of the disposable medical sensors market.
REPORT COVERAGE:
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REPORT METRIC |
DETAILS |
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Market Size Available |
2019 to 2025 |
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Base Year |
2019 |
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Forecast Period |
2020 to 2025 |
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Segments Covered |
By Type, Placement of Sensors, Application, Therapeutics, patient Monitoring, Imaging Devices, End User, Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Medtronic plc., Philips Healthcare, Analog Devices, Inc., GE Healthcare, Smiths Medical, Honeywell International, STMicroelectronics, Freescale Semiconductors, Inc., Omnivision Technologies, Inc., and Sensirion AG. |
This research report on the global disposable medical devices sensors market has been segmented and sub-segmented based on type, placement of sensors, application, therapeutics, patient monitoring, imaging devices, end-user, region.
Disposable Medical Devices Sensors Market - By Type:
Based on Type, the Biosensors segment accounted for the largest share of the market. However, during the forecast period, the image sensors' segment will grow at the highest CAGR. Growth in this segment can be attributed to the growing demand for CMOS image sensors and emerging endoscopy products such as camera pills and disposable endoscopes combined with the increasing number of endoscopic procedures worldwide.
Disposable Medical Devices Sensors Market - By Placement of Sensors:
Based on Sensors' Placement, the Strip Sensors segment has accounted for the largest share in the past. It is anticipated to continue this trend during the forecast period to reach about USD 3000 Million. Due to their different benefits, such as cost-effectiveness, ease of use, non-infectious design, and faster performance, the strip sensor market's overall growth is driven by the widespread adoption of these sensors in diagnostic applications worldwide.
Disposable Medical Devices Sensors Market - By Application:
Based on the Application, the Diagnostic testing segment has shown a significant market share in the past. However, the imaging devices segment is expected to deliver the highest growth over the forecast period. Rising demand for effective treatment procedures is straightly impacting on the development of the market towards positive.
Disposable Medical Devices Sensors Market - By Therapeutics:
Disposable Medical Devices Sensors Market - By Patient Monitoring:
Disposable Medical Devices Sensors Market - By imaging devices:
Disposable Medical Devices Sensors Market - By End-user:
Based on End User, Hospitals and Laboratories hold a significant share of the market, and the trend is expected to be maintained during the forecast period. Growing support from the government through investments in the healthcare centers is lavishing the growth rate of this segment.
Disposable Medical Devices Sensors Market - By Region:
Geographically, North America accounted for the largest share of the global disposable medical sensors market in 2019 and predicted continuing the dominating trend during the forecast period. It is attributed mainly to the growing incidence of HAIs, the need to curb rising healthcare costs, and the widespread use of sensor-based hospitals and disposable medical devices in this region. While North America and Europe will continue to dominate the market for disposable medical device sensors over the forecast period, the rising demand for various sensor-based disposable medical devices in APAC and Latin America will drive a majority of growth in global disposable medical device sensors.
During the forecast period, China, India, and Brazil are expected to offer significant growth opportunities for market players due to the rising geriatric population, increasing per capita income, evolving lifestyles, increasing investment by key market players in the healthcare industry, and growing demand for advanced technology in these countries.
KEY MARKET PLAYERS:
Noteworthy companies operating in the global disposable medical devices sensors market profiled in this report are Medtronic plc, Philips Healthcare, Analog Devices, GE Healthcare, Smith’s Medical, Honeywell International, STMicroelectronics, Freescale Semiconductors, Omnivision Technologies, and Sensirion AG.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Biosensors
5.1.3 Accelerometers
5.1.4 Image sensors
5.1.5 Pressure sensors
5.1.6 Temperature sensors
5.1.7 Others
5.1.8 Y-o-Y Growth Analysis, By Type
5.1.9 Market Attractiveness Analysis, By Type
5.1.10 Market Share Analysis, By Type
5.2 Placement of Sensors
5.2.1 Introduction
5.2.2 Invasive sensors
5.2.3 Wearable Sensors
5.2.4 Implantable sensors
5.2.5 Strip sensors
5.2.6 Ingestible sensors
5.2.7 Y-o-Y Growth Analysis, By Placement of Sensors
5.2.8 Market Attractiveness Analysis, By Placement of Sensors
5.2.9 Market Share Analysis, By Placement of Sensors
5.3 Application
5.3.1 Introduction
5.3.2 Diagnostics
5.3.2.1 Blood Glucose Test Strips
5.3.2.2 Pregnancy Test Strip Sensors
5.3.2.3 Drug and Alcohol Test Strip Sensors
5.3.2.4 HIV Test Strip Sensors
5.3.3 Therapeutics
5.3.3.1 Dialysis Device Sensors
5.3.3.2 Cardiac Therapy Devices
5.3.3.3 Cardiac Catheter Sensors
5.3.3.4 Insulin Pump Sensors
5.3.4 Patient Monitoring
5.3.4.1 Continuous Blood Pressure Monitors
5.3.4.2 Pulse Oximeters
5.3.4.3 Cardiac Monitors
5.3.4.4 Continuous Glucose Monitoring (CGM) Devices
5.3.4.5 Implantable Loop Recorders
5.3.4.6 Smart Pills
5.3.4.7 Others
5.3.5 Imaging devices
5.3.5.1 Capsule Endoscope Sensors
5.3.5.2 Disposable Endoscope Sensors
5.3.6 Y-o-Y Growth Analysis, By Application
5.3.7 Market Attractiveness Analysis, By Application
5.3.8 Market Share Analysis, By Application
5.4 End-user
5.4.1 Introduction
5.4.2 Hospitals
5.4.3 Laboratories
5.4.4 Home based
5.4.5 Y-o-Y Growth Analysis, By End-user
5.4.6 Market Attractiveness Analysis, By End-user
5.4.7 Market Share Analysis, By End-user
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Placement of Sensors
6.1.3.4 By Application
6.1.3.5 By End-user
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Placement of Sensors
6.1.4.4 By Application
6.1.4.5 By End-user
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Placement of Sensors
6.1.5.4 By Application
6.1.5.5 By End-user
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Medtronic plc
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Philips healthcare
8.3 Analog Devices, Inc.,
8.4 GE Healthcare
8.5 Smiths Medical
8.6 Honeywell International
8.7 STMicroelectronics
8.8 Freescale Semiconductors, Inc.,
8.9 Omnivision Technologies, Inc.,
8.10 Sensirion AG
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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