Disposable Medical Devices Sensors Market 2024 | Size, Top Trends, Growth, Share, Key Drivers | Medtronic PLC, STMicroelectronics NV, Honeywell International Inc., TE Connectivity PLC, Smiths Medical Inc.

Overview and Scope
The disposable medical device sensors refer to portable handheld equipment used to diagnose, monitor, as well as treat physical attributes. The disposable medical device sensors are also referred to as handheld scanning devices intended for temporary use.

Sizing and Forecast
The disposable medical devices sensors market size has grown strongly in recent years. It will grow from $8.36 billion in 2023 to $9.16 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to rise in chronic diseases, stringent regulatory standards, patient preference for home healthcare, focus on infection control, remote patient monitoring initiatives, advances in point-of-care testing, increased awareness of preventive healthcare, globalization of healthcare, integration in smart implants..

The disposable medical devices sensors market size is expected to see rapid growth in the next few years. It will grow to $13.55 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to growth in telehealth services, integration in digital health platforms, focus on non-invasive monitoring, advancements in flexible electronics, expansion of neonatal care, utilization in smart bandages, enhanced connectivity in healthcare, focus on cost-effective healthcare solutions.. Major trends in the forecast period include wearable health technology, advancements in sensor technologies, smart inhalers and respiratory monitoring, incorporation of artificial intelligence (ai), remote monitoring of vital signs, continuous glucose monitoring (cgm) systems, biosensor technologies..

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Segmentation & Regional Insights
The disposable medical devices sensors market covered in this report is segmented –
1) Disposable Medical Devices Sensors Market By Product Type: Biosensors, Temperature Sensors, Pressure Sensors, Accelerometers, Image Sensors, Consumables
2) Disposable Medical Devices Sensors Market By Application: Patient Monitoring, Diagnostics, Therapeutics

Top Major Players

Medtronic PLC

STMicroelectronics NV

Honeywell International Inc.

TE Connectivity PLC

Smiths Medical Inc.

North America was the largest region in the disposable medical devices sensors market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the disposable medical devices sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The rising incidence of chronic illnesses is expected to boost the growth of the disposable medical device sensors market going forward. A chronic illness refers to a condition or disease that is persistent or that last 1 year or more and needs ongoing medical attention or limit activities of daily living. The disposable medical device sensors aid in the diagnosis, treatment, and monitoring of patients with chronic illnesses, supporting the growth of the market. For instance, according to the key facts published in September 2022 by the World Health Organization (WHO), a UN agency responsible for international public health, noncommunicable diseases (NCDs) result in the death of 41 million people each year, which is similar to 74% of all deaths worldwide and cardiovascular diseases result in most NCD deaths with 17.9 million people every year. Therefore, the rising incidence of chronic illnesses will drive the growth of the disposable medical device sensors market.

Key Industry Players
Major companies operating in the disposable medical devices sensors market report are Medtronic plc, STMicroelectronics NV, Honeywell International Inc., TE Connectivity plc, Smiths Medical Inc., GE HealthCare Technologies Inc., NXP Semiconductors NV, Analog Devices Inc., Omnivision Technologies Inc., Qualcomm Technologies Inc., Renesas Electronics Corporation, Texas Instruments Incorporated, Sensirion AG, Nuova GmbH, General Electric Company, Koninklijke Philips N.V., JantPharmacal, Gentag Inc., LifeScan Inc., Olympus Corporation, F. Hoffmann-La Roche AG, Hmicro Inc., SSI Electronics, ACE Medical Devices, Maxim Integrated Inc., Silicon Laboratories, First Sensor AG, Medical Sensors India Pvt. Ltd., Will Semiconductor Co., Measurement Specialities Inc., Starboard Medical Inc.

The disposable medical devices sensors market report table of contents includes:

1. Executive Summary

2. Disposable Medical Devices Sensors Market Characteristics

3. Disposable Medical Devices Sensors Market Trends And Strategies

4. Disposable Medical Devices Sensors Market – Macro Economic Scenario

5. Global Disposable Medical Devices Sensors Market Size and Growth

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32. Global Disposable Medical Devices Sensors Market Competitive Benchmarking

33. Global Disposable Medical Devices Sensors Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Disposable Medical Devices Sensors Market

35. Disposable Medical Devices Sensors Market Future Outlook and Potential Analysis

36. Appendix