Overview and Scope
Disposable medical sensors are small, lightweight, and portable devices designed to monitor various vital signs or physiological parameters of patients in a healthcare setting. These sensors are designed to be used once and then discarded, which helps to prevent the spread of infection and ensures the accuracy and reliability of readings.
Sizing and Forecast
The disposable medical sensors market size has grown rapidly in recent years. It will grow from $11.86 billion in 2023 to $13.93 billion in 2024 at a compound annual growth rate (CAGR) of 17.5%. The growth in the historic period can be attributed to rising incidence of chronic diseases, emphasis on patient monitoring and safety, preventive healthcare measures, government initiatives and healthcare policies, ncreased awareness and adoption of wearable devices.
The disposable medical sensors market size is expected to see rapid growth in the next few years. It will grow to $26.68 billion in 2028 at a compound annual growth rate (CAGR) of 17.6%. The growth in the forecast period can be attributed to rapid growth in remote patient monitoring, ntegration of iot and connectivity solutions, focus on home healthcare, advancements in sensor materials, global health pandemic preparedness. Major trends in the forecast period include rise of wearable and iot-enabled sensors, advancements in sensor technologies, increased emphasis on infection prevention, integration of artificial intelligence (ai) and big data analytics, expanding applications in chronic disease management.
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Segmentation & Regional Insights
The disposable medical sensors market covered in this report is segmented –
1) By Product: Biosensors, Accelerometers, Pressure Sensors, Temperature Sensors, Image Sensors, Other Sensors
2) By Application: Diagnostic Testing, Therapeutics, Patient Monitoring, Imaging
3) By End User: Hospitals, Homecare, Diagnostic Laboratories, Clinics
Top 5 Major Players:
- Sensirion AG,
- Smith’s Medical,
- GE Healthcare,
- Philips Healthcare,
- Honeywell International Inc
North America was the largest region in the disposable medical sensors market in 2023. Asia-Pacific is expected to be the fastest-growing region in the disposable medical sensors market report during the forecast period. The regions covered in the disposable medical 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 concerns over hospital-acquired infections and contamination are expected to propel the growth of the disposable medical sensors market. Healthcare-associated infections (HAIs) are infections that affect people while they are being treated for another ailment in a healthcare facility. The increasing use of reusable medical equipment in hospitals, such as pulse oximetry sensors, catheters, stethoscopes, and other reusable devices, is one of the major causes of this increased prevalence. The use of contaminated medical equipment, particularly among newborns and other inpatients, is another factor contributing to the rising frequency of HAIs in hospitals. Disposable medical sensors can help avoid these infections by reducing the possibility of patient-to-patient cross-contamination. For instance, in 2021, according to the Centers for Disease Control and Prevention, a US-based health agency under the Department of Health and Human Services, hospital-acquired methicillin-resistant staphylococcus aureus (MRSA) infections increased by 14% from 2020 to 2021. Further, there was 7% increase in central line-associated bloodstream infection (CLABSI) between 2020 and 2021. Therefore, rising concerns over hospital-acquired infections and contamination drive the growth of the disposable medical sensors market.
Key Industry Players
Major companies operating in the disposable medical sensors market are developing innovative products such as NTC thermistors to gain a competitive edge in the market. A Negative Temperature Coefficient (NTC) thermistor is a type of temperature-sensitive resistor whose electrical resistance decreases with an increase in temperature. For instance, in April 2022, Variohm Eurosensor Limited, a UK-based sensors and transducers company launched NTC thermistor, the ENTC-EB-2-2k3977-005, specifically designed for medical equipment applications. This thermistor is tailored for sensing small temperature changes in body and ambient medical area temperatures. With a high resistance design (2.25kOhm @25 °C), it offers maximum sensitivity and a fast response time within the temperature range of 32 °C to 42 °C. The thermistor is encapsulated in a brown Stycast thermally conductive epoxy coating, and its miniature form, measuring just 2.4 mm at the tip, facilitates integration into various medical probes and equipment. The sensor’s electrical interfacing is through two 76 mm, 32 AWG solid Alloy 180 leads. The ENTC-EB-2.2k3977-005 operates within a temperature range of -40 °C to 125 °C, making it suitable for high-specification instrumentation where precise temperature sensing, control, and compensation are critical.
The disposable medical sensors market report table of contents includes:
1. Executive Summary
2. Disposable Medical Sensors Market Characteristics
3. Disposable Medical Sensors Market Trends And Strategies
4. Disposable Medical Sensors Market – Macro Economic Scenario
5. Global Disposable Medical Sensors Market Size and Growth
….
31. Global Disposable Medical Sensors Market Competitive Benchmarking
32. Global Disposable Medical Sensors Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Disposable Medical Sensors Market
34. Disposable Medical Sensors Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Disposable Medical Sensors Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Disposable Medical Sensors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Disposable Medical Sensors Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…
Table 74: Sensirion AG Financial Performance
Table 75: Smith’s Medical Financial Performance
Table 76: GE Healthcare Financial Performance
Table 77: Philips Healthcare Financial Performance
Table 78: Honeywell International Inc. Financial Performance
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