IMARC Group, a leading market research company, has recently releases report titled “Disposable Medical Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global disposable medical sensors market share, growth, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Disposable Medical Sensors
Disposable medical sensors are used to monitor various physiological parameters of patients, such as heart rate, blood pressure, body temperature, and blood glucose levels. They are made of materials that are safe to use and help maintain a high level of hygiene as they are used only once. They also reduce the risk of infection and contamination and do not require the same level of cleaning and maintenance as reusable sensors, thereby saving time and reducing the workload for healthcare providers. Moreover, they are less expensive than their reusable counterparts and find extensive applications in patient monitoring, diagnostics, and therapeutics across the globe.
How Big Is the Disposable Medical Sensors Market?
The global disposable medical sensors market size reached US$ 8.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.6 Billion by 2028, exhibiting a growth rate (CAGR) of 8.4% during 2023-2028.
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What are the growth prospects and trends in the disposable medical sensors industry?
At present, the rising prevalence of chronic medical ailments, such as cancer, diabetes, asthma, and stroke, represents one of the key factors positively influencing the market worldwide. In addition, the growing geriatric population and widespread adoption of at-home and point-of-care (PoC) diagnostic devices for the monitoring of elderly and post-operative rehabilitation patients are propelling the growth of the market.
Besides this, rising instances of hospital-acquired infections (HAIs) are catalyzing the demand for disposable medical sensors worldwide. Furthermore, inflating disposable incomes, extensive improvements in the healthcare infrastructure, and the burgeoning healthcare sector are stimulating the growth of the market around the world.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
- Biosensors
- Temperature Sensors
- Pressure Sensors
- Image sensors
- Accelerometers and Patient Position Sensors
- Others
Breakup by Placement Type:
- Wearable Sensors
- Implantable Sensors
- Ingestible Sensors
- Invasive Sensors
- Strip Sensors
Breakup by Application:
- Patient Monitoring
- Continuous Blood Pressure Monitoring
- Implantable Loop Recorder
- Cardiac Monitoring Electrode
- Pulse Oximeter
- Smart Pill
- Continuous Blood Glucose Monitoring (CGM)
- Others
- Diagnostics
- Capsule Endoscopes
- HIV Test Strip Sensors
- Pregnancy Test Strip Sensors
- Drug and Alcohol Test Strip Sensors
- Blood Glucose Test Strip Sensors
- Therapeutics
- Insulin Pump Sensors
- Cardiac Therapeutic Electrode Sensors
- Cardiac Catheter Sensors
Breakup by End User:
- Hospitals
- Home Care
- Clinics
- Diagnostic Laboratories
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Abbott Laboratories, Amphenol Corporation, Conmed Corporation, Gentag Inc., Honeywell International Inc., nuova Personaldienstleistung GmbH, Omnivision Technologies Inc., Sensirion Holding AG, Smiths Group plc, Starboard Medical Inc., TE Connectivity Ltd. and Vital Connect Inc.
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