Disposable Medical Sensors Market Set to Reach USD 15.31 Billion by 2032, as Wireless Health Monitoring Soars | FMI
The industry that manufactures and distributes sensors intended for single-use in medical applications is known as the “Disposable Medical Sensors Market.” Heart rate, blood pressure, temperature, oxygen levels, and other physiological factors are monitored and measured with these sensors. By delivering real-time data that aids in patient monitoring, disease diagnosis, and treatment, they serve a key function in healthcare settings.
Due to a number of factors, the disposable medical sensor industry has been expanding quickly. The rising incidence of chronic illnesses like cardiovascular disease, diabetes, and respiratory ailments, which need ongoing care, is one of the main causes. This market has expanded as a result of the growing need for remote patient monitoring and home healthcare solutions.
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Compared to reusable sensors, disposable medical sensors provide a number of benefits. They lessen the requirement for cleaning and sterilisation, reduce the risk of patient-to-patient infection, and offer convenience and cost efficiency. These elements have accelerated their use in healthcare facilities such as hospitals, clinics, ambulatory care facilities, and at-home care settings.
The market for disposable medical sensors is anticipated to increase from USD 6.5 billion in 2021 to USD 15.31 billion by 2032, with a CAGR of 8.1%. Disposable medical sensors are mobile scanning devices used in therapeutic, patient monitoring, and diagnostic treatments. Disposable medical sensors are able to detect and transmit information by converting the various types of stimulation given to patients into electrical impulses.
By tracking vital signs like temperature, pulse rate, blood oxygenation level, heart rate, and breathing rate, disposable medical sensors provide continuous patient monitoring. Disposable medical sensors are used by a number of medical specialties, including cardiology, radiology, general medicine, neurology, ophthalmology, and urology, among others. The development of devices for point-of-care diagnosis, painless glucose monitoring, wireless insulin delivery procedures, cancer ablation treatments, cardiac arrhythmia, etc. is currently a trend in the global disposable medical sensors market.
Key Takeaways from “Disposable Medical Sensors Market by 2022 to 2032”:
- The global disposable medical sensors market is projected to hit around USD 15.31 billion by 2032, growing at a CAGR of 8.1% during the forecast period from 2022 to 2032.
- North America is expected to dominate the market throughout the forecast period, capturing more than 42% revenue share in 2022.
- The diagnostic segment is projected to remain the largest application segment, accounting for more than 40% of the revenue share in 2022.
Other key takeaways include:
- The growing prevalence of chronic diseases, such as diabetes, cardiovascular diseases, and cancer, is driving the demand for disposable medical sensors.
- The increasing adoption of telemedicine and remote patient monitoring is also fueling the growth of the market.
- The rising demand for minimally invasive and point-of-care testing is driving the development of new and innovative disposable medical sensors.
- The key players in the disposable medical sensors market include Abbott Laboratories, Medtronic, Johnson & Johnson, Siemens Healthineers, and Danaher Corporation.
Overall, the disposable medical sensors market is expected to witness significant growth in the coming years, driven by the increasing demand for accurate, reliable, and affordable sensors for a wide range of medical applications.
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Disposable Medical Sensors Market: Key Players
- Mayo Clinic and Gentag,
- Sensirion AG,
- Measurement Specialities,
- Smiths Medical,
- ST Microelectronics,
- Philips Healthcare,
- Freescale Semiconductor, Inc.,
- GE Healthcare,
- Analog Devices, Inc.,
- Given Imaging,
- Honeywell International, Inc.
- Covidien, plc
For instance, Gentag Company extended the near field communication (NFC) technology to accomplish remote patient monitoring worldwide. Freescale Semiconductor, Inc is developing lower-cost, semiconductor-based sensors with high sensitivity. The Measurement Specialities is developing customized products to satisfy patient need. Analog Devices, Inc. is collaborating with customers to accelerate the pace of innovation and produce breakthrough solutions for impossible conditions.
Disposable Medical Sensors Market: Segmentation
Based on application
- Patient monitoring
- Continuous Blood Pressure Monitoring
- Implantable Loop Recorder
- Cardiac Monitoring Electrode
- Pulse Oximeter
- Smart Pill
- Continuous Blood Glucose Monitoring
Based on Placement Type:
- Implantable sensors
- Invasive sensors
- Ingestible sensors
- Strip sensors
- Wearable sensors
Based on Type of Sensors:
- Image sensors
- Pressure sensors
- Temperature sensors
- MR Position Sensors
- Force Sensors
- Humidity Sensors
Based on End User:
- Home Care
- Diagnostic Laboratories
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