The size of the Europe Disposable Medical Devices Sensors Market was valued at USD 2.09 billion in 2021. It is further estimated to be growing at a CAGR of 10.8% and value USD 3.49 billion by 2026.
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.
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 U.K
6.3 Spain
6.4 Germany
6.5 Italy
6.6 France
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
Related Reports
