Disposable Medical Devices Sensors Market to grow at a CAGR of 7.4% by 2031 | Abbott Laboratories, Amphenol Corporation, Conmed Corporation, Gentag Inc., Honeywell International Inc.

New York, 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.

Global Disposable Medical Devices Sensors Market report from Global Insight Services is the single authoritative source of intelligence on Disposable Medical Devices Sensors Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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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.

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.

Global Disposable Medical Devices Sensors Market by Product Type

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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Global Disposable Medical Device Sensors Market by Placement Type

Based on placement type, it is segmented into wearable sensors, implantable sensors, ingestible sensors, invasive sensors, and strip sensors. The ingestible sensors segment is likely to dominate the market during the forecast period. The major factors such as increasing demand for technologically advanced smart pills and capsule endoscopy for diagnostic applications are boosting the growth of the market.

Global Disposable Medical Device Sensors Market by Application

Based on application, it is segmented into patient monitoring, diagnostic, and therapeutic. The diagnostic segment is likely to dominate the market during the forecast period. The key factors attributing to the growth of the market are rising incidences of lifestyle diseases coupled with the widespread usage of glucose test strips, infectious diseases test strips, and pregnancy test strips in home as well as in clinics is another factor attributing to the growth of the market.

Global Disposable Medical Device Sensors Market by End User

Based on end user, it is segmented into hospitals, home care, clinics, and diagnostic laboratories. The hospital end user segment is likely to dominate the market during the forecast period. The key factors such as rising concerns over hospital acquired infection and contamination. Similarly, growing support to boost research and development is also boosting the growth of the market.

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Geographical Analysis of Global Disposable Medical Device Sensors Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America region is likely to dominate the market during the forecast period. The key factors attributing to the growth of the market are rising incidence of HAIs and chronic diseases in the region are boosting the growth of the market.

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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