|10-18-2018 02:12 PM CET - IT, New Media & Software||
Disposable Medical Sensors Market Trends, Growth, & Key Business Strategies by Leading Industry Players Medtronic, Philips, GE Healthcare, Omnivision Technologies, Smiths Medical, Analog Devices, and Honeywell
Press release from: Coherent Market Insights
Coherent Market Insights has announced the addition of the “Disposable Medical Sensors Market Size Status and Forecast 2026”, The report classifies the global Disposable Medical Sensors Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
This report studies the global Disposable Medical Sensors Speaker market, analyzes and researches the Disposable Medical Sensors Speaker development status and forecast in North America, Europe, Asia Pacific, Latin America and Rest of the World. This report focuses on the top players in global market, like Medtronic, Philips, GE Healthcare, Omnivision Technologies, Smiths Medical, Analog Devices, and Honeywell
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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. These sensors are used in medical devices or various medical specialties such as radiology, cardiology, neurology, ophthalmology, urology, and others. Moreover, these sensors are also used in diagnostic devices and disposable test strips that perform identification of certain microbial strains such as bacteria, fungi, and virus used in the detection and confirmation of infectious diseases.
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. Moreover, advancements in micro-technologies such as microfluidic chips, medical MEMS, and lab-on-a-chip technologies are expected to support the market growth during the forecast period.
On the basis of sensor type, the global disposable medical sensors market is segmented into:
On the basis of placement type, the global disposable medical sensors market is segmented into:
On the basis of application, the global disposable medical sensors market is segmented into:
What Information does this report contain?
-Historical data coverage: 2013 to 2017; Growth Projections: 2018 to 2026.
-Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
-6-7 year performance forecasts: major segments covering applications, top products and geographies.
-Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
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. Moreover, rising prevalence of patients suffering with chronic diseases such as Type-1 diabetes that demand continuous monitoring of blood glucose levels are expected to propel growth of the region in the global market. According to the American Diabetes Association 2015, around 1.25 million children and adults in the U.S. suffered from diabetes.
Furthermore, Asia Pacific is expected to witness a significant growth in the market, owing to developments in healthcare infrastructure, increasing patient awareness, and increasing incidence of chronic diseases. For instance, National Health Survey conducted by Australian Government Department of Health, in 2015, suggested that nearly 23% of Australians aged above 60 years suffer from one or more chronic diseases.
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.
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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