Disposable medical sensors are useful in various therapeutic applications, diagnosis of diseases, and monitoring vital human parameters. They also play an important role in intensive-care unit (ICU) for observing patients. The main purpose behind making dispensable medical sensors is to control spreading of diseases from one patient to other. These sensors are designed to detect and displays information in form of electrical signals.
North America to maintain dominance in global disposable medical sensors market in terms of revenue during the forecast period
Introduction of implantable sensors, and continuous technological advancements in medical sensors such as wireless sensors, disposable sensors, and biosensors used in various diagnosing, and monitoring systems are major factors driving growth of the global disposable medical sensors market. In addition, high prevalence of chronic diseases such as cancer, cardiovascular, kidney disease, liver disease, etc., increasing demand for medical sensors in home treatment, and increasing adoption of biosensors are other factors expected to propel growth of the global disposable medical sensors market over the forecast period.
However, strict government regulations on validation and safety guidelines for approval of diagnostics medical sensors in some of the developed countries is a key factor restraining growth of the global disposable medical sensors market. In addition, unfavourable reimbursement policies is another factor expected to hamper growth of the global disposable medical sensors market over the forecast period.
Rising need of remote patient monitoring, and growing demand for innovative disposable medical sensors such as wearable smart wrist watches, painless diabetes monitors, etc., are expected to generate opportunities for market players in the global disposable medical sensors market in the next few years.
The global disposable medical sensors market is segmented on the basis of product, type, application, and region. On the basis of region, the global disposable medical sensors market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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North America market is a dominant in the global disposable medical sensors market, and accounts for largest market share in terms of revenue, followed by Europe. This is attributed to presence of developed healthcare industry, and increasing incidences of healthcare-associated infections (HAIs) in the region. The market in Asia Pacific is expected to witness fastest growth rate over the forecast period, owing to developing healthcare infrastructure and increasing incidence of chronic diseases in countries in this region.
Prominent players in the global disposable medical sensors market include Medtronic plc., GE Healthcare Limited, Koninklijke Philips N.V., Smiths Medical, Inc., TE Connectivity Ltd., NXP Semiconductors N.V., Analog Devices, Inc., Sensirion AG, and SSI Electronics Inc.