Global Disposable Medical Device Sensors Market by Product Segment (Biosensors, Pressure sensors, Accelerometer sensors, Temperature sensors, Image sensors and Others), Type Segment (Strip sensors, Wearable sensors, Implantable sensors, Invasive sensors, Ingestible sensors and Others), Application Segment (Diagnostic, Therapeutic, Patient monitoring and Other)

Global Disposable Medical Device Sensors Market by Product Segment (Biosensors, Pressure sensors, Accelerometer sensors, Temperature sensors, Image sensors and Others), Type Segment (Strip sensors, Wearable sensors, Implantable sensors, Invasive sensors, Ingestible sensors and Others), Application Segment (Diagnostic, Therapeutic, Patient monitoring and Other)
Disposable Medical Sensors Market is valued at 6.94 USD Billion in 2019 and expected to reach USD 13.62 Billion by 2026 with the CAGR of 10.11% over the forecast period.

Scope of the report
This report analyses the global market for disposable medical sensors. The report will enable the user to understand and gain insights into the current and forecast market situation. The market is comprehensively analyzed by geography to provide complete information on the global scenario. The qualitative and quantitative data provided in this study can help user understand which market segments are expected to grow at higher rates, factors affecting the market and key opportunity areas. The report also includes competitive landscape of key players in the industry along with emerging trends in the market.
Industry Overview
Medical disposable sensor is a device that is used to detect physical stimulus or signal such as electrical, heat, light, sound, pressure, magnetism, motion, etc. Medical disposable sensors are widely used in diagnosis, detection and monitoring of medical condition. Depending on the application, the medical sensor can be made up of many different components. Disposable medical sensors are used in diverse medical applications to name few cardiology, radiology, general medicine, neurology, ophthalmology, and urology. Sensor based devices have evolved over the years in terms of improvement and applications. The technological advancement, low cost user friendly medical sensors manufacturing and rapidly growing chronic diseases are key driving factors for the growth of disposable medical sensors market.

Key Players

Medtronic Plc, General Electric Company, Koninklijke ,TE Connectivity Ltd., Smiths Group Plc, NXP Semiconductors N.V., Honeywell International Inc., STMicroelectronics N.V. abd, GE Healthcare, Philips N.V. ,reescale Semiconductors, Inc. ,Omnivision Technologies, Inc., Analog Devices, Inc. , Honeywell International, Inc. and others
Above mentioned companies are scrutinized to assess competitive landscape of global Medical disposable sensor market. Report provides company profiles of each player. Each profile include company business overview, company governance, company product portfolio, company financials, business strategies, manufacturing locations and production facilities, company sale, production capacity, recent developments and strategic collaborations and partnerships, product launch, company segments, application diversification and company strength and weakness analysis.
Review period
Historic Period: 2016 to 2020
Forecast Period: 2020 to 2026
This Medical disposable sensor market report provides insights on new trade regulations, import export analysis, industry value chain analysis, market size, consumption, production analysis, capacity analysis, regional and segment market share, product launches, product pipeline analysis, impact of Covid-19 on supply chain, key regions, untapped markets, patent analysis, product approvals, continuous innovations and developments in the market.

Regions
• North America: U.S., Canada and Rest of North America
• Europe: UK, France, Germany, Italy, Spain and Rest of Europe
• Asia Pacific: China, Japan, India, Australia and Southeast Asia and Rest of Asia Pacific
• Latin America: Brazil, Argentina and Rest of Latin America
• Middle East and Africa: Gulf Countries, Israel, Africa and Rest of Middle East and Africa

Market Segmentation
• Product
o Biosensors
o Pressure sensors
o Accelerometer sensors
o Temperature sensors
o Image sensors
o Others
• Type
o Strip sensors
o Wearable sensors
o Implantable sensors
o Invasive sensors
o Ingestible sensors
o Others
• Application
o Diagnostic
o Therapeutic
o Patient monitoring
o Other
Regional Insights
Global disposable medical sensors market in terms of revenue is dominated by North America followed by Europe. The growth in North America is mainly attributed to the factors such as presence of advanced healthcare facilities, developed medical device industry and pouring R&D investments in medical sensor research from private and government organizations. The US has grabbed the major share of the global market in the world due to increasing adoption of cutting edge technologies in healthcare. Prevalence of chronic diseases such as diabetes and other infectious diseases has also spurred the growth in the last few years. According to National Health Council, chronic diseases affect more than 133 million American citizens, representing more than 40% of the total population of this country. It is projected that number is expected to grow 157 million, with 81 million people having multiple chronic conditions.
Europe has witnessed significant growth in the last few years. The growth was due to rising demand for medical sensors in medical devices and equipment’s. The region is led by rapidly growing countries such as Germany, U.K. and France. Asia Pacific is the fastest growing region with highest CAGR. China and India are the major revenue grossers in this region. Expanding medical device industry, growing investments in R&D, geriatric population, prevalence of chronic diseases and government initiative in developing manufacturing sectors are the key driving factors in the region. The Chinese government is encouraging its domestic manufacturers to move up the value chain. Identifying the key issues facing low-end producers such as increasing labor costs, environmental concerns, and slackening exports, China’s State Council publicized Made in China 2025, a 10-year action plan to make China’s manufacturing more competitive to occupy the highest shares of global production chains.
Factors Affecting the Market
Technological advancements, low cost user friendly disposable medical sensors, rapidly growing chronic diseases such as cancer, diabetes mellitus and cardiac diseases are some major driving factors for the growth of disposable medical sensors market. Several companies are commercializing biosensor systems that measure clinical data continuously. These include Vital Connect, iRhythm, MC10 and Sibel Health. For instance, single-use Zio patch manufactured by iRhythm’s continuously monitors electrical pulses from heart for 14 days. More advanced sensors are undergoing trials and are being utilised in monitoring various kind of conditions include sensors for monitoring heart rate, breathing and body temperature. In addition, several chronic disease monitoring require patient monitoring and regular check-ups. Prevalence of chronic diseases is expected to augment growth of global disposable medical sensors market in forecast period. For instance, atrial fibrillation is a heart rhythm disorder and increases the risk for heart disease and stroke. In the United States more than 850,000 people suffer from the condition and are hospitalized each year. However, stringent regulatory policies may hamper the growth of market. Emerging players with advanced product portfolio, on-going research in miniaturisation of devices may offer lucrative opportunities in the forecast period.

Important Questions Answered by Global Disposable Medical Sensors Market Report
• Which is the largest and fastest-growing region?
• What are the factors affecting growth of market?
• What are Key trends and opportunity areas?
• Which are the major end-use industries of market?
• What are the major strategies adopted by leading market companies?