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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Scope Of Disposable Medical Sensors Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Disposable Medical Sensors Market Overview
Market Drivers –
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.
Market Trends –
Technological advancements are a key trend gaining popularity in the disposable medical sensors market. Major players in the market are increasingly adopting new technologies, such as miniaturization, wireless technologies and others, to improve patient care and outcomes. For instance, in November 2022, Omnivision, a US-based manufacturer of semiconductor solutions, including digital imaging, analogue, and touch & display technology, introduced the OH02B image sensor. It is a square 2-megapixel (MP) resolution (1500×1500) CMOS image sensor for gastrointestinal, ENT, orthopaedic, surgical, dental, and veterinarian reusable and disposable endoscopes, catheters, and guide wires. It also comes in a 2.5×2.5mm CameraCubeChip package (OCH2B) for disposable designs. It is equipped with the unique Omnivision AntLinx technology, which enables the thinnest four-meter interface link between the endoscopic camera and the camera control unit (CCU) tower.
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
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Regional Insights –
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
Key Companies –
Major companies operating in the disposable medical sensors market report are Sensirion AG, Smith’s Medical, GE Healthcare, Philips Healthcare, Honeywell International Inc., TE Connectivity, STMicroelectronics, NXP Semiconductor, GENTAG Inc., OmniVision Technologies Inc., SSI Electronics, Covidien plc., Qualcomm Technologies Inc., Novosci Corporation, Medtronic plc, Analog Devices Inc., Amphenol Corporation, General Electric Company, TE Connectivity, First Sensor AG, Coto Technology, ams AG, Sensata Technologies, Murata Electronics, BioVision Technologies Inc., TDK InvenSense, Omron Corporation .
Table of Contents
1. Executive Summary
2. Disposable Medical Sensors Market Report Structure
3. Disposable Medical Sensors Market Trends And Strategies
4. Disposable Medical Sensors Market – Macro Economic Scenario
5. Disposable Medical Sensors Market Size And Growth
…..
27. Disposable Medical Sensors Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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