Disposable Medical Sensors Market - Growth, Trends, Size, Share and Analysis, 2018-2026

Disposable medical sensors are referred to as portable, compact, and handheld components that are used in various medical devices for diagnostics, patient monitoring, and therapeutics. The integration of disposable sensors into various medical devices significantly benefits in remote patient monitoring and on-site patient observation in healthcare settings such as hospitals, clinics, and ambulatory surgical centers. Disposable medical sensors play a vital role in maintaining sterility of the medical devices thereby resulting in reduction of hygiene risks and offering safe solutions to the patients. Advancements in healthcare IT has led to sensor-based devices that enhance performance of the medical devices. In terms of remote patient monitoring, the disposable medical device sensors play a crucial role in measurement of vital components that include breathing rate, heart rate, pulse rate, temperature, blood oxygenation level, and others.

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Market Dynamics

Rising incidence of chronic diseases leading to increasing need for faster and efficient diagnostics, therapeutics, and patient monitoring is expected to drive demand for disposable medical sensors. Chronic conditions such as cardiovascular diseases, diabetes, cancer, strokes, chronic obstructive pulmonary diseases, and obesity are among the most commonly encountered chronic diseases in the world. According to the World Health Organization (WHO) 2017, the global prevalence of cancer has risen from 4.7% of the total world population in 1980 to 8.5% in 2014, which accounted for nearly 422 million patients suffering from the disease in 2014. Moreover, WHO also states that the Global Burden Disease Study reports a prevalence of 251 million patients suffering with chronic obstructive pulmonary diseases (COPD) in 2016. Patient monitoring and diagnostic devices used for treatment of these patients incorporating disposable medical sensors is thus, expected to augment the market growth.

Regional Insights

On the basis of region, the global disposable medical sensors market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America holds a dominant position in the global disposable medical sensors market and is expected to retain its dominance over the forecast period. This is owing to development of technologically advanced integrated medical devices and solutions as well as new entrants in the region involved in product innovations. For instance, True Wearables, Inc., a medical device start-up based in California, introduced Oxxiom, world’s first wireless, continuous and fully disposable single pulse oximeter in January 2016 that measures arterial oxygen saturation, perfusion index and pulse rates.

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Competitive Insights

Key players operating in the global disposable medical sensors market include Medtronic Plc, Koninklijke Philips N.V., GE Healthcare, FreeScale Semiconductors, Omnivision Technologies, Inc., Smiths Medical, Analog Devices, Inc., Honeywell International, Inc., and others. Market players are focused towards providing technologically advanced products to sustain their presence in the market. For instance, in October 2014, Sensirion AG introduced a disposable liquid flow sensor solution for medical devices that provides compact and cost-effective solution for safer and reliable automatic drug delivery at hospitals and home based settings.

Market Taxonomy

On the basis of sensor type, the global disposable medical sensors market is segmented into: Biosensors, Pressure Sensors, Accelerometer Sensors, Temperature Sensors, Image Sensors, Others,. On the basis of placement type, the global disposable medical sensors market is segmented into: Strip Sensors, Wearable Sensors, Implantable Sensors, Invasive Sensors, Ingestible Sensors,. On the basis of application, the global disposable medical sensors market is segmented into: Diagnostics, Therapeutics, Patient Monitoring,. On the basis of geography, the global disposable medical sensors market is segmented into: North America, Latin America, Europe, Asia Pacific, Middle East, Africa,.

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