San Francisco, 01 November 2018 , The global disposable medical sensors 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 Disposable
Medical Sensors Market Analysis:
www.grandviewresearch.com/industry-analysis/disposable-medical-sensors-industry
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.
Browse
More Reports Of This Category By Grand View Research At: 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
o
U.S.
o
Canada
·
Europe
o
Germany
o
U.K
·
Asia Pacific
o
China
o
Japan
·
Latin America
o
Brazil
o
Mexico
·
Middle East Asia
o
South Africa
o
Saudi Arabia
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-disposable-medical-sensors-market
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/
