Disposable Medical Sensors Market Boom to be Led by APAC and North America

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INTELLIGENCE
INTELLIGENCE
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Rise in Cancel
and CVD Cases Facilitate Disposable
Medical Sensors Use
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The World Health Organization (WHO) states that
cardiovascular diseases (CVDs), including
coronary heart disease, cerebrovascular disease,
peripheral arterial disease, rheumatic heart
disease, congenital heart disease, and deep vein
thrombosis and pulmonary embolism, accounted for
nearly 17.9 million fatalities in 2019,
worldwide. Furthermore, the International
Diabetes Federation (IDF) estimates that 643
million adults aged 20-79 years will be living
with diabetes by 2030. The surging cases of CVDs
and diabetes are, therefore, expected to
accelerate the usage of disposable medical
sensors in the forthcoming years. To receive free
sample pages of this report_at_ https//www.psmarketr
esearch.com/market-analysis/disposable-medical-sen
sors-market/report-sample Moreover, the rising
burden of healthcare-associated infections (HAIs)
will help the disposable medical sensors market
demonstrate a CAGR of 10.4 during the forecast
period (2017-2023). For example, the European
Center for Disease Prevention and Control (ECDC)
states that, in 2017, approximately 8.3 of
patients admitted to intensive-care units (ICUs)
for more than two days in hospitals of Europe
were infected by at least one HAI. Moreover,
according to PS Intelligence, the market was
valued at 4.5 billion in 2016, and it will
generate 8.9 billion revenue by 2023. Disposable
medical sensors, such as accelerometers,
biosensors, image sensors, pressure sensors, and
temperature sensors, are used in diagnostic
devices, therapeutic devices, patient monitoring
devices, and imaging devices. In the coming
years, there will be an extensive requirement for
image sensors due to the rising need for
complementary metal-on silicon oxide
semiconductors (CMOS) image sensors with
excellent performance and integration
functionality. Furthermore, the rising burden of
diabetes will result in the largescale
integration of different types of disposable
medical sensors in diagnostic devices, such as
blood glucose test strips. In recent years,
players operating in the disposable medical
sensors market, such as Smiths Group Plc,
STMicroelectronics N.V., Medtronic Plc, Honeywell
International Inc., Koninklijke Philips N.V.,
General Electric Company, and TE Connectivity
Ltd., have engaged in product launches to stay
ahead of their competitors in the industry. For
example, in September 2016, Medtronic Plc
introduced the MiniMed 670G system to treat type
1 diabetes in patients aged 14 years and more. It
is a hybrid closed loop insulin delivery system
that uses the SmartGuard HCL technology and
features the Guardian sensor. In recent years,
North America has emerged as the leading user of
disposable medical sensors, owing to the growing
prevalence of HAIs, booming elderly population,
and soaring government expenditure on research
and development (RD) in advanced technologies.
For example, the U.S. Census Bureau states
c
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that the number of people aged 65 years and older
in the country grew from 40.3 million in 2010 to
54.1 million in 2019. Moreover, the rising burden
of chronic illnesses and the surging need to
decrease high healthcare spending will also
encourage the adoption of disposable medical
sensors in the region. Whereas, the Asia-Pacific
(APAC) disposable medical sensors market is
expected to exhibit the fastest growth in the
forecast years. This will be on account of the
escalating healthcare expenditure, rising
incidence of chronic ailments, increasing number
of government-sponsored RD activities, and
surging use of advanced technologies in regional
countries. For instance, the WHO estimates that
chronic diseases, such as diabetes, cancer,
stroke, and heart and lung diseases, account for
approximately 5.8 million deaths in India every
year. Therefore, the growing prevalence of HAIs
and the surging incidence of CVDs and diabetes
will result in the widescale adoption of
disposable medical sensors, globally. The
research offers market size of the disposable
medical sensors for the period 2013 -2023. Market
Segmentation by Product Biosensors
Accelerometers Pressure sensors
Temperature sensors Image sensors
Others Market Segmentation by Placement of
Sensor Strip sensors Wearable sensors
Implantable sensors Invasive sensors
Ingestible sensors Market Segmentation by
Application Diagnostic devices o Blood
glucose test strips o Pregnancy test strip
sensors o Drug and alcohol test strip sensors o
HIV test strip sensors Therapeutic devices o
Dialysis device sensors
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o Cardiac therapy sensors o Cardiac catheter
sensors o Insulin pump sensors Patient
monitoring devices o Cardiac monitors o Pulse
oximeters o Continuous blood pressure (cBP)
monitors o Continuous glucose monitoring (CGM)
devices o Smart pills o Implantable loop
recorders (ILRs) o Others Imaging devices o
Capsule endoscope sensors o Disposable endoscope
sensors Market Segmentation by Geography
North America disposable medical sensors market o
By product o By placement of sensor o By
application o By country - U.S. and Canada
Europe disposable medical sensors market o By
product o By placement of sensor o By
application o By country- Germany, U.K., France,
Italy, Spain, and Rest of Europe
Asia-Pacific disposable medical sensors market o
By product o By placement of sensor o By
application o By country- Japan, China, India,
and Rest of Asia-Pacific Latin America
disposable medical sensors market o By product o
By placement of sensor o By application o By
country- Brazil, Mexico, Argentina, and Rest of
Latin America Middle East Africa (MEA)
disposable medical sensors market
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o By product o By placement of sensor o By
application o By country- Saudi Arabia, South
Africa, Egypt, and Rest of MEA
c
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