Disposable Medical Sensors: Technologies and Global Markets

LONDON, Sept. 25, 2017 /PRNewswire/ -- The global market for disposable medical sensors reached $5.1 billion in 2016. The market should reach $5.6 billion in 2017 and $9.0 billion by 2022, at a five-year compound annual growth rate (CAGR) of 10.0% from 2017 to 2022.



Download the full report: https://www.reportbuyer.com/product/2990056


• The North American disposable medical sensors market should reach $2.0 billion in 2017 and $3.1 billion by 2022, at a CAGR of 8.7% from 2017 to 2022.
• Asia-Pacific market for disposable medical sensors should reach nearly $1.5 billion in 2017 and $2.5 billion by 2022, at a CAGR of 11.5% from 2017 to 2022.
 
Chapter 1: Introduction
Medical devices manufacturing companies are in a continuous process of enhancing medical devices in terms of safety, convenience and, most importantly, sterility. The sterility factor led to the creation of disposable medical devices. New sensor technology, which senses and records changes in electrical properties, helped create disposable medical sensors.

Disposable medical sensors are extremely useful in diagnosis, therapeutics and monitoring of patients. For example, a disposable blood pressure sensor is used during the surgery for continuously monitoring patients' blood pressure. These sensors are plugged to a monitor on which patients' vital information can be seen. These sensors are also used in intensive- care units but are replaced every 24 hours.

This report discusses the global disposable medical sensors market in terms of growth, size and opportunities not only with regard to different products, but also regionally. The report includes forecasted trends and revenue through 2019. Major players, innovative products and technologies, trends and market dynamics, competitive intelligence, and regional trends are well researched and analyzed in the report.

Study Goals and Objectives
• Define and discuss the global disposable medical sensors market.
• Analyze market structure by segments and sub-segments.
• Estimate market revenues of the global disposable medical sensors market segments and sub- segments geographically and by products.
• Identify market trends, issues and factors impacting the disposable medical sensors market.
• Explain opportunities in the disposable medical sensors market with respect to geography and products.
• Profile major players and analyze their core competencies and strategies for the disposable medical sensors market.
• Track alliances, joint ventures, mergers and acquisitions, new product developments, and research and development in the global disposable medical sensors market.

Reasons for Doing This Study
The objective of this study is to present an in-depth analysis of the disposable medical sensors market. The report intends to provide information and intelligently evaluate this market and also identify and discuss market segments and provide rationale for their growth.

This report intends to be useful to the following audience:
• Disposable medical sensors manufacturers and new entrants to the market.
• Equipment distributors, hospitals and other healthcare service providers.
• Various other life sciences companies.
• Research institutes, associations and academicians.

Scope of Report
The report will analyze the global market in regard to the types, products and applications and will also focus on the regulations affecting these sensors. Regionally, the focus of the study will be the markets of North America, Europe, Asia-Pacific and Rest of the World (RoW).

Disposable medical sensors include wearable sensors, implantable sensors, invasive sensors, ingestible sensors and strip sensors. The strip sensors market is growing and commands a significant market share. This report does not cover "sports and fitness" sensors or "wearable computing sensors."

Information Sources
Information sources include a secondary search by keywords and through paid sources such as Factiva, as well as other publicly available websites and company websites.

Methodology
A top-down approach was taken to estimate the size of the disposable medical sensors market. To calculate market sizes the following details were taken into account:
• Revenues of the disposable medical sensors market are determined through primary and secondary research, including a study of the annual reports of listed market players.
• An estimation of micro markets is done through primary and secondary sources and validated through primary sources.
• Forecasts are based on the analysis of market trends, market dynamics and strategies of key players.
• Geographic estimates are derived from secondary sources verified through primary sources.

Geographic Breakdown
In this report, the geographic regions considered for market analysis are: North America
Europe APAC
RoW
 
Chapter 2: Summary and Highlights 
A growing geriatric population base, coupled with increasing prevalence of target diseases pertaining to cardiovascular, audiology and urology systems and requirement for continuous monitoring, are the most significant growth drivers of the disposable medical sensors market. 
 
In addition, growing usage rates of insulin and infusion pumps due to large prevalence levels of diabetes and other chronic diseases is expected to drive market growth further. 

The healthcare industry is rapidly moving towards miniaturization of equipment and use of nanotechnology for diagnostics and treatment; moreover, in keeping with this trend, manufacturers are focusing on producing MEMS (MicroElectroMechanical Systems). 

Growing demand for minimally invasive surgeries and the presence of high unmet medical needs in emerging Latin American and Asia-Pacific economies are responsible for the growth of the market and also present significant opportunities for the disposable sensors. 
 
Usage of disposable medical sensors is increasing continuously and is expected to rise at a healthy growth rate in the forecast period due to higher demand from Latin American and Asian-Pacific economies. Statistics show an increase in geriatric population all over the world. This will lead to more demand for continuous health monitoring devices for a larger number of diseases pertaining to cardiovascular, audiology and urology systems. 
 
Driving factors for this market are rising cases of hospital acquired infections, increasing chronic and lifestyle diseases, launching of technologically advanced products like MEM sensor technology, fiber optics and tracking sensors and growing awareness about wearable devices. 

Advances in technology have led to minimally invasive surgeries and increasing government support, and private venture capital funding will help in growth of the market. 

Factors which will hinder growth of the industry are stringent approval regulations for new products, sketchy reimbursement policies and long turnaround time. Opportunities for growth are present in Asian-Pacific and Latin American countries due to improving economies and higher demand. 
 
The global disposable medical sensors market was valued at $5.1 billion in 2016 and is expected to grow at a CAGR of 10%during the forecast period, to reach an estimated value of $9.0 billion in 2022. 
 
Biosensors dominated the disposable sensor market in terms of revenue share; the value of this market was $1.8 billion in 2013. Increasing demand for diagnostic and monitoring devices such as cardiac pacemakers and blood glucose monitors are the key drivers of this segment. 
 
North America, owing to the presence of high healthcare expenditure levels, increasing geriatric population, usage rates and sophisticated healthcare infrastructure, is expected to dominate the market throughout the forecast period. Key players of this market include STMicroelectronics, Honeywell International Inc., Freescale Semiconductors (now NXP Semiconductors), Analog Devices, GE and others.

Download the full report: https://www.reportbuyer.com/product/2990056

About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
https://www.reportbuyer.com

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

SOURCE ReportBuyer

Related Links

http://www.reportbuyer.com