Disposable Medical Devices Sensors Market is anticipated to grow at a CAGR of 7.4% during the forecast period 2022-2031

The disposable medical devices sensors market was valued at USD 6.8 billion in 2021 and it is anticipated to grow up to USD 13.8 billion by 2031, at a CAGR of 7.4% during the forecast period.

Disposable medical sensors refer to single-use, hand-held and portable scanning devices used for diagnosis, patient monitoring, and therapeutic applications. They are generally integrated into stationary medical devices for on-site patient observation and remote monitoring. Some of the commonly used disposable medical sensors include accelerometers, pressure, temperature, image, and biosensors, which are placed on strips, wearable, implantable, invasive, and ingestible sensors. These devices detect and transmit information regarding vital signs, such as heart rate, oxygen levels, pulse rate, and temperature, in the form of electrical signals. Owing to that, they are widely used for various cardiological, radiological, neurological, ophthalmological, and urological procedures.

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Market Trends and Drivers:

The increasing prevalence of chronic medical ailments, such as cancer, diabetes, asthma, and stroke, is one of the key factors driving the growth of the market. Likewise, the widespread adoption of at-home and point-of-care (POC) diagnostic devices for the monitoring of elderly and post-operative rehabilitation patients is providing a thrust to the market growth. Disposable medical sensors are highly cost-effective, convenient to use, and provide prompt and accurate results. Moreover, rising instances of hospital-acquired infections (HAIs), which can be prevented by using single-patient disposable medical sensors, are also contributing to the market growth. Similarly, various technological advancements, like the development of carbon nanotube-based biosensors, which are used for the detection of E. coli and other pathogens, are acting as other growth-inducing factors.

Global Disposable Medical Devices Sensors Market Segmental Overview:

The report analyses the global disposable medical device sensors market based on product type, placement type, application, end user, and regions. Based on product type, it is segmented into biosensors, temperature sensors, pressure sensors, image sensors, accelerometers and patient position sensors, and others. The biosensors segment is likely to dominate the market during the forecast period. The large share of this segment can be attributed to the wide usage of these sensors in glucose test strips, infectious disease test strips, pregnancy test strips, drug and alcohol test strips coupled with continuous blood glucose monitoring.

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Recent Developments:

March 2021, Abbott received FDA Emergency Use Authorization for the over the counter, non-prescription, asymptomatic use of its BinaxNow COVID-19 AG self-test for the detection of COVID-19 infections.
September 2020, Medtronic received FDA approval for its Mini Med 770G hybrid closed loop system. It consists of Guardian Sensor 3, the MiniMed Mobile app.

Major Players in the Global Disposable Medical Devices Sensors Market:

The key players studied in the global disposable medical devices sensors market are Abbott Laboratories, Amphenol Corporation, Conmed Corporation, Gentag Inc., Honeywell International Inc., Nuova Personaldienstleistung GmbH, Omnivision Technologies Inc., Sensirion Holding AG, Smiths Group plc, Starboard Medical Inc., TE Connectivity Ltd. and Vital Connect Inc.

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