The Disposable Medical Devices Sensors Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Disposable Medical Devices Sensors Global Market Report 2024, The disposable medical devices sensors market size has grown strongly in recent years. It will grow from $8.36 billion in 2023 to $9.16 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to rise in chronic diseases, stringent regulatory standards, patient preference for home healthcare, focus on infection control, remote patient monitoring initiatives, advances in point-of-care testing, increased awareness of preventive healthcare, globalization of healthcare, integration in smart implants..
The disposable medical devices sensors market size is expected to see rapid growth in the next few years. It will grow to $13.55 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to growth in telehealth services, integration in digital health platforms, focus on non-invasive monitoring, advancements in flexible electronics, expansion of neonatal care, utilization in smart bandages, enhanced connectivity in healthcare, focus on cost-effective healthcare solutions.. Major trends in the forecast period include wearable health technology, advancements in sensor technologies, smart inhalers and respiratory monitoring, incorporation of artificial intelligence (ai), remote monitoring of vital signs, continuous glucose monitoring (cgm) systems, biosensor technologies..
The rising incidence of chronic illnesses is expected to boost the growth of the disposable medical device sensors market going forward. A chronic illness refers to a condition or disease that is persistent or that last 1 year or more and needs ongoing medical attention or limit activities of daily living. The disposable medical device sensors aid in the diagnosis, treatment, and monitoring of patients with chronic illnesses, supporting the growth of the market. For instance, according to the key facts published in September 2022 by the World Health Organization (WHO), a UN agency responsible for international public health, noncommunicable diseases (NCDs) result in the death of 41 million people each year, which is similar to 74% of all deaths worldwide and cardiovascular diseases result in most NCD deaths with 17.9 million people every year. Therefore, the rising incidence of chronic illnesses will drive the growth of the disposable medical device sensors market.
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The disposable medical devices sensors market covered in this report is segmented –
1) By Product Type: Biosensors, Temperature Sensors, Pressure Sensors, Accelerometers, Image Sensors, Consumables
2) By Application: Patient Monitoring, Diagnostics, Therapeutics
Advancements in technology in sensor devices are the key trend gaining popularity in the disposable medical devices sensors market. Major companies operating in the disposable medical devices sensors market are focusing on incorporating advanced technologies including the emergence of new monitoring techniques. Such advancements enable players to gain a competitive edge in the market. For instance, in June 2022, Medtronic Plc, an American medical device company presented the latest data from Europe and Chile and clinical data on its MiniMed 780G system with the advanced Guardian Sensor 3 for insulin delivery at the American Diabetes Association (ADA) 82nd Scientific Sessions. All data showed improved user experience with the Guardian Sensor 3 which uses SmartGuard Technology. Guardian Sensor 3 enables different levels of automation suiting the lifestyle. The sensor may also be used as part of the MiniMed 780G system for people living with Type 1 diabetes age 7 and more and whose total daily dose of insulin is 8 units or more per day.
The disposable medical devices sensors market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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The disposable medical sensors market size is projected to reach $8.9 billion by 2023, growing at a CAGR of 10.4% during 2017-2023.The disposable medical sensors find application in diagnostic devices, therapeutic devices, patient monitoring devices, and imaging devices.
The increase in prevalence of diabetes, led to the adoption of diagnostic devices for blood glucose monitoring, resulting into its largest contribution in the global disposable medical sensors market.
Increasing use of CMOS image sensors that provides higher resolution, 3D imaging and precision manipulation, will act as key factors leading to the fastest growth in demand of disposable sensors for imaging devices, at a CAGR of 23.5% during the forecast period.Download Sample Copy of This Research Report: https://www.psmarketresearch.com/market-analysis/disposable-medical-sensors-market/report-sample Over the years there has been an increase in prevalence of diabetes and cardiovascular diseases, that drives the manufacturers in the disposable medical sensors market to develop sensory monitoring devices such as CGM, cardiac monitors, and continuous blood-pressure monitors (CBP) to cater to the need of the market globally.
Cardiovascular disease is the leading cause of premature death around the world.
High prevalence of cardiovascular diseases depicts increased demand for devices to monitor heart rates, respiratory rates, temperature, fluid levels and patient activity.
According to the WHO, approximately 17.7 million people died from cardiovascular disease in 2015, representing 31% of the global deaths.
The primary reason for the sector to witness significant growth is due to the rising end-user demand from medical and pharmaceutical industries.
However, rising need of clinical data requirement for the product development, and growing insufficient reimbursement policies for sensor devices are few factors projected to challenge the market and thus hindering its growth over the forecast period.On a contrary, rising need for sensors in domestic as well as in clinics applications for the treatment and diagnostic purposes are projected to drive the market growth over the next seven years.
The increasing adoption of strip and wearable medical sensors that help in continuous patient diagnosis is expected to open new opportunities in the industry, thus boosting the growth by 2020.Product InsightsThe disposable medical sensors industry is majorly segmented by product into temperature sensors, biosensors, accelerometers, pressure sensors, and image sensors.
On the other hand, biosensors are anticipated to account for the largest market share of more than 65% over the next seven years primarily due to the growing usage of endoscopy products such as camera pills and increasing need of endoscopic procedures for numerous medical operations.The market is also bifurcated by placement of sensors into strip sensors, implantable sensors, invasive sensors, ingestible sensors, and wearable sensors.
Strip sensors are anticipated to account for a major market share of more than 45% over the next seven years and thus reaching USD 2.94 billion by revenue in 2020.
The aforementioned factors are attributed to expect significant sector growth over the next seven years.Regional InsightsNorth America and Europe are anticipated to witness major market share of more than 50% over the forecast period owing to the growing need to curtail escalating healthcare costs, rising number of incidence of HAIs and increasing use of portable medical devices for the homecare medical applications.
Data Bridge Market Research has provides the Qualitative and informative knowledge by adding titled “Disposable Medical Devices Sensors Market By Product Type (Biosensors, Temperature Sensors, Pressure Sensors, Accelerometers, Image Sensors, Consumables), Application (Patient monitoring, Diagnostics, and Therapeutics), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) Analysis and Forecast, 2019 – 2026”.
In this report, Researchers have analyzed Strength, Weakness, opportunities and threats in the market and provides the unbiased picture of the market with the Qualitative and informative knowledge.
The Disposable Medical Devices Sensors Market report additionally states import/trade utilization, free market activity figures, cost, value, volume and gross edges.Few of the leading organizations’ names are listed here- Medtronic plc., GENERAL ELECTRIC COMPANY, Koninklijke Philips N.V., Smiths Medical, TE Connectivity, Freescale Semiconductors, Inc., Omnivision Technologies, Inc., STMicroelectronics, Analog Devices, Inc., and Honeywell International, Inc., GENERAL ELECTRIC COMPANY, Koninklijke Philips N.V., SSI Electronic,INC., NovoSci, Conroe, TX, KATECHO, LLC among others.Grab Sample Report + All Related Tables & Charts of Global Disposable Medical Devices Sensors Market Study Now @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-disposable-medical-devices-sensors-marketMarket Definition: Global Disposable Medical Devices Sensors MarketGlobal disposable medical device sensors is a study of detailed evaluation of the industry that effectively covers all the aspects related to vertical like the status of this industry over the projected timeframe and the primary development trends of the market, overestimated duration.
These devices are used for scanning diagnosis, therapeutics, and monitoring of patients suffering from diseases.
These sensors are used for the identification of disease causing microbes such as virus, bacteria, and fungi.The disposable medical devices sensors market accounted to USD 41.5billion in 2018 to an estimated value of USD 89 billion by 2026 growing at a CAGR of 10% during the forecast period of 2019 to 2026.Top Manufacturers Covered in the Report:Some of the major players in disposable medical devices sensors devices market are Medtronic plc., GENERAL ELECTRIC COMPANY, Koninklijke Philips N.V., Smiths Medical, TE Connectivity, Freescale Semiconductors, Inc., Omnivision Technologies, Inc., STMicroelectronics, Analog Devices, Inc., and Honeywell International, Inc., GENERAL ELECTRIC COMPANY, Koninklijke Philips N.V., SSI Electronic,INC., NovoSci, Conroe, TX, KATECHO, LLC among others.Competitive Analysis: Global Disposable Medical Devices Sensors MarketGlobal disposable medical devices sensors market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions and others to increase their footprints in this market.
The report includes market shares of disposable medical devices sensors market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.Regional analysis for Disposable Medical Devices Sensors Market includes:North AmericaLatin AmericaEuropeAsia Pacific & JapanThe Middle East and AfricaQueries Related to the Disposable Medical Devices Sensors Market:Which application segments will perform better and achieve success in worldwide through the forecast years?What are the key factors driving the market growth?Who are the key vendors in this Industry?Which are the impressive business sectors where best players want their own expansion in future?What are the market dynamics?What are the limits ruining the development rate?What is the focused circumstance to advance development?What are the opportunities and threats faced by the performers in the global market?What are the development rates for this Industry?Why Choose Disposable Medical Devices Sensors Market Report?Disposable Medical Devices Sensors Market Report follows a multi- disciplinary approach to extract information about various industries.
