The size of the Europe Disposable Medical Devices Sensors Market was valued at USD 2.09 billion in 2023. It is further estimated to be growing at a CAGR of 10.8% and value USD 3.49 billion by 2028.
The high incidence of diseases (chronic/acute) is one of the major factors driving the market. In addition, an increase in hospital visits and hospitalization rates is increasing the widespread use of devices such as sphygmomanometer cuffs, x-ray nozzles, thermometers, catheters, and stethoscopes in hospitals market growth. Over the past two decades, nosocomial infections (HAIs) have become a significant challenge for hospitals and the medical community due to cross-infection by contaminated medical devices either for diagnosis or therapeutics. According to the CDC, up to 1.5 million hospital patients suffer from hospital-acquired infections each year. In Germany, it is estimated that between 400,000 and 600,000 patients each year suffer from a nosocomial infection, with between 10,000 and 15,000 resulting in death due to complications. Typical problems for health care providers are surgical site infections, urinary tract infections, and pneumonia, especially among newborns and other hospitalized patients. 33% of all HAIs in the country are urinary tract infections, 23% are surgical site infections, 16% are pneumonia, and 15% are blood infections. Ultimately, these numbers are expected to increase, resulting in high morbidity and mortality rates, long hospital stays, and improved patient and healthcare costs.
In addition, stringent government regulations for patient safety and overall healthcare and R&D activities, high healthcare spending, and higher incidence of chronic diseases, especially cardiovascular and neurological diseases, will be responsible for strengthening the outlook for the European disposable medical device sensors market during the forecast period.
However, strict government regulations for certification and product approvals may challenge the market growth rate. Furthermore, data security and privacy have become of great concern to patients and healthcare providers due to the increasing proliferation and adoption of IoT-based connected medical devices. This gives a chance for data theft and threats for cyber-attacks coupled with patient personal information leakage. This is a major factor restraining the growth of the European disposable medical device sensors market.
This research report on the European disposable medical device sensors market has been segmented and sub-segmented into the following categories:
By Type:
By Placement of Sensors:
By Application:
By Therapeutics:
By Patient Monitoring:
By Imaging Devices:
By End User:
By Country:
Geographically, Europe was the second-largest market, after North America, in terms of health care. Health spending has grown faster than economic growth in Europe. By 2030, health spending in Europe is expected to increase by 6.5% and represent between 12% and 16% of the total EU GDP. In 2019, Germany accounted for the largest market share of 31%, followed by the UK, Spain, France, and Italy. The regional market is anticipated to grow with a well-developed healthcare sector, investments in public institutions and government grants, and large patient populations. These facts are expected to benefit the market in Germany during the forecast period.
Innovations and the availability of a range of sensors for medical devices improve healthcare quality, efficiency, and safety in European regions. Although the breach of data poses a threat, key manufacturers of the disposable medical devices sensor aim to follow high standards to ensure the confidentiality and security of patient data. This is anticipated to provide opportunities to many regional markets especially in Denmark, Sweden, and Poland.
However, the regional market in Italy is projected to increase with the highest CAGR during the forecast period. The regional government is committed to providing quality health care at an affordable price by adopting new therapies and advanced diagnostics, which will drive the market in this region.
KEY MARKET PLAYERS:
Companies that dominate the European disposable medical device sensors market profiled in the report are Medtronic plc., Philips Healthcare, Analog Devices, Inc., GE Healthcare, Smiths Medical, Honeywell International STMicroelectronics, Freescale Semiconductors, Inc., Omnivision Technologies, Inc., and Sensirion AG.
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1400
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region