Disposable Medical Sensors Market Scope
The emergence of sensor technology and continuous advancements in technology plays a pivotal role in the growth of the global market for disposable medical sensors. Disposable medical sensors are primarily used in medical research for measuring bodily parameters such as temperature, pressure, and force. Invasive sensors are used to detect chemical and physical parameters by inserting a chord or probe inside the human body. Injectable sensors are in form of pills and are swallowed for tracking health and functions inside the human body. Growing investments in the healthcare sector and continuous improvements in wearable technology have projected the growth of the global disposable medical sensors market over the forecast period of time.
According to AMA, the Global Disposable Medical Sensors market is expected to see growth rate of 10.89%The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.The Players having a strong hold in the market are Medtronic plc., GE Healthcare, Philips N.V. , and Smiths Medical. Research Analyst at AMA estimates that European and United States Players will contribute to the maximum growth of Global Disposable Medical Sensors market throughout the predicted period.
Medtronic plc. (Ireland), industry (United States), Philips N.V. (Netherlands), Smiths Medical (United Kingdom), TE Connectivity (Switzerland), STMicroelectronics (Switzerland), Analog Devices, Inc. (United States), Honeywell International, Inc. (United States), Amphenol Corporation (United States), NXP Semiconductor (Netherlands) and SSI Electronics (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Freescale Semiconductors, Inc. (United States), Omnivision Technologies, Inc. (United States) and Sensirion AG (Switzerland).
Segmentation Overview
The study have segmented the market of Global Disposable Medical Sensors market by Type (Biosensors, Pressure Sensors, Accelerometer Sensors, Temperature Sensors, Image Sensors, Flow Sensors and Others), by Application (Diagnostic Testing Devices (Blood Glucose Test Strips, Pregnancy Test Strip Sensors, Drug and Alcohol Test Strip Sensors, and HIV Test Strip Sensors), Therapeutic Devices (Dialysis Device Sensors, Cardiac Therapy Devices, Cardiac Catheter Sensors, and Insulin Pump Sensors), Patient Monitoring Devices (Continuous Blood Pressure Monitors, Pulse Oximeters, Cardiac Monitors, Continuous Glucose Monitoring Devices, Implantable Loop Recorders, Smart Pills, and Others) and Imaging Devices (Capsule Endoscope Sensors, and Disposable Endoscope Sensors)) and Region with country level break-up.
On the basis of geography, the market of Disposable Medical Sensors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Rising Investments By Venture Capitalist Firms in Disposable Medical Sensors
Market Growth Drivers:
Increasing Concerns Over Contamination and Hospital-Acquired Infections and Growing Need to Curtail Healthcare Costs Through Low-Cost Medical Devices
Challenges:
Stringent Regulatory Guidelines for Disposable Medical Sensors
Restraints:
Inadequate Reimbursement
Opportunities:
Amendments in Regulations for Ingestible Sensors and Government Support to Boost Research & Development
Market Leaders and their Expansionary Development Strategies
In February 2022, EnSilica has launched the ENS62020, an ultra-low-power healthcare sensor interface IC for monitoring vital signs in wearable healthcare and medical devices. Source: https://www.mordorintelligence.com/industry-reports/global-disposable-medical-devices-sensors-market-industry
Key Target Audience
Disposable Medical Sensors Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.