Global Disposable MedicalSensors Market is expected
to reach USD 12.3 billion by 2025, according to a new report by Grand View
Research, Inc. Increasing prevalence of chronic diseases has been observed to
be a major factor driving growth which is demanding for better healthcare
service provision by high quality diagnostic and monitoring devices. These
devices will enable patients to self-monitor and along with easy and affordable
usage. In addition, the rapidly rising technological advancements is expected
to bring in innovation in medical sensors.
The market is also being driven by
government initiatives to fund and encourage R&D which in turn will help in
launching innovative products. For instance, the government of India increased
the health expenditure from 1.4% to 2.5% for innovations, and other healthcare
services. Innovations in medical sensors not only instill ease of use but also
assist in making the device portable and automated.
On the basis of product, the biosensor
segment is accounted to be the spearhead in 2016 and is expected to maintain
its dominance over the forecast period. This can be attributed to the rising
demand for rapid and accurate diagnostic kit. Development of such diagnostic
tools is expected to further create new growth opportunities for biosensors,
thereby supporting growth of the disposable medical sensors market. Launching
of new products are expected to fuel market growth. For instance, Raiing
Medical launched wearable thermometer in 2016 that is rechargeable and
waterproof. Similarly, MEMSIC Inc. launched new pressure sensor in 2017 which
is used in breath detection.
Full
Research Report on Global Disposable
Medical Sensors Market Analysis: http://www.grandviewresearch.com/industry-analysis/disposable-medical-sensors-industry
Further Key Findings From the Report
Suggest:
- Globally, disposable medical sensors witnessed lucrative growth
in 2016 and are expected to grow at a CAGR of 10.2% from 2017 to 2025
- Biosensor segment has been observed to be the largest product
segment in 2016 and is estimated to generate revenue of over USD 6.03
billion by 2025
- On the basis of application, the diagnostic segment is expected
to dominate the market space. This is attributed to the increasing
incidence of various infectious and other chronic conditions, along with
the growing awareness among the population.
- The industry in Asia Pacific is expected to witness substantial
growth over the next decade owing to the increasing incidence of diseases
and the geriatric population with high unmet healthcare needs.
- Some of the key players in this industry are Medtronic,
Philips, GE Healthcare, OmniVision Technologies, Sensiorion AG, Smiths
Medical, and Analog Devices.
View
more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/medical-devices
Grand
View Research has segmented the Global Disposable Medical Sensors Market on the
basis of product, distribution channel, end use, and region:
Product Outlook (Revenue, USD Million,
2014 - 2025)
- Biosensors
- Pressure sensors
- Accelerometer sensors
- Temperature sensors
- Image sensors
Type Outlook (Revenue, USD Million, 2014
- 2025)
- Strip sensors
- Wearable sensors
- Implantable sensors
- Invasive sensors
- Ingestible sensors
Application Outlook (Revenue, USD
Million, 2014 - 2025)
- Diagnostic
- Therapeutic
- Patient monitoring
Regional Outlook (Revenue, USD Million,
2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K
- Asia Pacific
- China
- Japan
- Latin America
- Brazil
- Mexico
- Middle East Asia
- South Africa
- Saudi Arabia
View Press Release of this research
report by Grand View Research: http://www.grandviewresearch.com/press-release/global-disposable-medical-sensors-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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