The Global Disposable Medical Device Sensors Market size is anticipated to grow from $8.4 billion in 2018 to $10.7 billion by 2028, at a CAGR of 3.6%. The factors driving the growth of the market are the increasing use of disposable medical devices for clinical applications and the rising demand for accurate monitoring systems to reduce hospital-related infections. In addition, the growth of this market is the rise in the adoption of minimally invasive surgeries and the aging population base in North America and Europe.
Disposable Medical Device Sensors are the devices that measure and monitor biometric parameters for various diseases, conditions, or one's health. The measurement of these parameters can be done by using invasive or non-invasive methods such as strip sensors, implantable probes, ingestible capsules, and wearable monitors respectively. The disposable medical device sensors are widely used in various aspects of healthcare such as clinical diagnoses, health monitoring, and risk stratification. They can also be utilized to provide prognostic information or treatment guidance for patients with chronic diseases.
On the basis of Type, the market is segmented into Strip Sensors, Invasive Sensors, Ingestible Sensors, Implantable sensors, and Wearable Sensors. Strip Sensors dominate this market with a share of nearly 25% because they are cheap as well as easy to use without any requirement of additional equipment or instrumentation.
Strip sensors are essentially small, flexible strips of plastic that have a sensor on the surface. These sensors can be used with disposable devices to detect blood pressure or heart rate by pressing against and sensing electrical currents in the skin. The strip is often attached to paper tape which then binds it to an individual's arm or chest so as not to disrupt their movement during work-out routines. Strip sensors are most commonly found in hospitals and diagnostic centers. These strips can be wound around a patient’s fingers, toes, or arms to measure oxygen levels, blood pressure, and other vital signs that help physicians diagnose certain diseases. There is no risk associated with this type of sensor because it only touches the surface area.
Strip sensor technology has been used clinically since 1968 due to its simplicity and low cost. They are widely utilized by clinicians mainly because they provide accurate readings without any discomfort or inconvenience for patients who use them or caregivers caring for these patients at home. These strip sensors are mostly expensive but can be replaced easily after some time if needed with less disturbance to patient care practices.
An ingestible sensor is a type of sensor that monitors the status and condition of internal organs or fluids by being swallowed. These types of sensors are most commonly used to monitor glucose levels in patients with diabetes. The patient ingests an ingestible sensor, which can be made from silicon or glass, into their stomach and it passes through the intestines for one week before they excrete it naturally along with their feces. It measures each time sugar enters their system (or other substance) as well as how much food they consumed during this period so doctors know exactly what kind of diet plan to recommend when monitoring such things as blood sugar levels. Ingestible sensors require a patient to ingest them before they can be activated to measure certain health conditions.
Invasive sensors differ from strip ones as they need to go deep into body tissues like fingernails or hair follicles to monitor health conditions. The invasive nature puts these devices at high risk for causing infection which means patients have to undergo regular sterilization procedures before using them again post-surgery. This includes disinfection of any wound created and removing all traces of the sensor. These devices are mainly used for measuring glucose levels in diabetes patients
Implantable medical device sensors include pacemakers or insulin pumps which have long-term use inside the body for years at a time without any potential risk of infection due to sterilization procedures beforehand. One downside with this kind however is that it cannot transmit data wirelessly from its location so doctors need to access it physically whenever they want updates on measurements. There has also been concern over the possible risks of damage to the organs when it is removed.
Wearable Sensors are the sensors that can be worn on a person and measure physiological data from them. These sensors measure various parameters such as heart rate, blood pressure, oxygen saturation levels to name a few. It is also possible to use these devices for monitoring chronic diseases like diabetes or hypertension in rural settings where there may not be constant access to medical professionals who could provide continuous care. Wearable Sensors include wristbands, chest straps, headgear (headbands), Patches and mustaches, etc. These wearable sensor technologies have been around since the 1960s but with the advancement of applied sciences, there has been exponential growth in this segment because they offer great convenience for patients/individuals by being able to monitor their own health continuously.
On the basis of Application, the market is segmented into Hospitals, Ambulatory Surgical Centers, and Diagnostic Centers. The segmentation of the market on basis of Application is done to understand which application will be more lucrative in the future.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American disposable medical device sensors market has been performing well over the years due to an increase in the population of aging people with chronic diseases such as diabetes which requires regular monitoring for better management through the use of devices that are disposable. Hospitals have a higher adoption rate than ambulatory surgical centers since they perform more invasive procedures on patients who might need continuous readings from these types of equipment.
Up Market Research published a new report titled “Disposable Medical Device Sensors Market research report which is segmented by Types (Strip Sensors, Invasive Sensors, Ingestible Sensors, Implantable Sensors, Wearable Sensors), By Applications (Hospitals, Ambulatory Surgical Centers, Diagnostic Centers), By Players/Companies Sensirion, STMicroelectronics, Smiths, Koninklijke Philips, Medtronic, Measurement Specialties, Johnson & Johnson, Jant Pharmacal, Honeywell International, Given Imaging, Gentag, GE Healthcare, Freescale Semiconductor, Analog Devices”.
|Report Attributes||Report Details|
|Report Title||Disposable Medical Device Sensors Market Research Report|
|By Type||Strip Sensors, Invasive Sensors, Ingestible Sensors, Implantable Sensors, Wearable Sensors|
|By Application||Hospitals, Ambulatory Surgical Centers, Diagnostic Centers|
|By Companies||Sensirion, STMicroelectronics, Smiths, Koninklijke Philips, Medtronic, Measurement Specialties, Johnson & Johnson, Jant Pharmacal, Honeywell International, Given Imaging, Gentag, GE Healthcare, Freescale Semiconductor, Analog Devices|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||235|
|Number of Tables & Figures||165|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Strip Sensors, Invasive Sensors, Ingestible Sensors, Implantable Sensors, Wearable Sensors and By Application Hospitals, Ambulatory Surgical Centers, Diagnostic Centers.
Some of the companies that are profiled in this report are:
Disposable Medical Device Sensors Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Disposable Medical Device Sensors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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