|10-08-2018 04:17 PM CET - Health & Medicine||
Disposable Medical Devices Sensors Market By 2025: Medtronic, Philips, GE Healthcare, Smiths Medical, Honeywell, TE Connectivity, STMicroelectronics, Analog Devices, NXP acquires Freescale Semiconductor, OmniVision Technologies, Inc.
Press release from: Data Bridge Market Research
The development of the disposable medical devices sensors market can be credited to the developing geriatric populace, expanding frequencies of sicknesses, and rising use of patient-driven arrangements by the human services suppliers. Also, enhancing progressions in IT arrangements and enormous information capacities include novel open doors for the worldwide disposable medical devices sensors market over the gauge time frame.
The Disposable Medical Devices Sensors Market accounted to USD 34.3 billion and growing at a CAGR of 10% during forecast period. The report includes market shares of disposable medical devices sensors devices market for global, Europe, North America, Asia Pacific and South America.
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Forecasting Regional and Global Analysis on Disposable Medical Devices Sensors Market Segmented By Product Type (Biosensors, Temperature Sensors, Pressure Sensors, Accelerometers, Image Sensors, and Others), By Application (Patient monitoring, Diagnostics, and therapeutics) and By Geography.
These sensors are used for the identification of disease causing microbes such as virus, bacteria, and fungi. Disposable medical devices sensors are scanning devices used for diagnosis, therapeutics, and monitoring of patients suffering from diseases. Some of the major players operating in market are
· Medtronic plc.
· GE Healthcare
· Philips N.V.
· Smiths Medical
· TE Connectivit
· Freescale Semiconductors, Inc.
· Omnivision Technologies, Inc.
· Analog Devices, Inc.
· Honeywell International, Inc.,among others.
The disposable medical devices sensors devices market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
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Major market drivers and restraints:
• Increasing prevalence of diabetes and other infectious diseases
• Rising healthcare costs
• Government Initiatives for research and development
• Technological developments
• Rising awareness about therapeutic applications of medical sensors
• Low Reimbursement Policies
Market Segmentation: Global Disposable Medical Devices Sensors Market
· By product type the disposable medical devices sensors devices market is segmented into disposable medical devices sensors system and consumables. The consumables segment is further segmented into catheter tube, guide wires, balloons, contrast media injectors, vascular closure devices and accessories.
· On the basis of application the market is segmented into biosensors, temperature sensors, pressure sensors, accelerometers, image sensors, and others. By application, the market is segmented into Patient monitoring, Diagnostics, and therapeutics. Patient monitoring is further segmented into Smart Pill and Pulse Oximeter. Diagnostics is segmented into capsule endoscope and blood glucose strip. Therapeutics is segmented into insulin Pump and dialysis.
· On the basis of geography, disposable medical devices sensors devices market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa.
· Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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