Global Disposable Medical Devices Sensors market growth 2024, Forecast To 2033
4 Mar, 2024
The disposable medical devices sensors market size has demonstrated robust growth, increasing from$8.36 billion in 2023 to$9.16 billion in 2024, reflecting a compound annual growth rate (CAGR) of 9.6%. This growth is attributed to the rise in chronic diseases, stringent regulatory standards, patient preference for home healthcare, focus on infection control, remote patient monitoring initiatives, advances in point-of-care testing, increased awareness of preventive healthcare, globalization of healthcare, and integration in smart implants. Forecasts suggest rapid growth in the coming years, with the market expected to reach$13.55 billion by 2028, boasting a compound annual growth rate (CAGR) of 10.3%. This growth is driven by the expansion of telehealth services, integration in digital health platforms, focus on non-invasive monitoring, advancements in flexible electronics, expansion of neonatal care, utilization in smart bandages, enhanced connectivity in healthcare, and focus on cost-effective healthcare solutions. Major trends in the forecast period include wearable health technology, advancements in sensor technologies, smart inhalers and respiratory monitoring, incorporation of artificial intelligence (AI), remote monitoring of vital signs, continuous glucose monitoring (CGM) systems, and biosensor technologies.
Global Disposable Medical Devices Sensors Market Key Driver
The rising incidence of chronic illnesses is expected to boost the growth of the disposable medical device sensors market going forward. The disposable medical device sensors aid in the diagnosis, treatment, and monitoring of patients with chronic illnesses, supporting the growth of the market. For instance, noncommunicable diseases (NCDs) result in the death of 41 million people each year, which is similar to 74% of all deaths worldwide. Therefore, the rising incidence of chronic illnesses will drive the growth of the disposable medical device sensors market. According to the 2028 market size projections, the disposable medical device sensors market is anticipated to witness significant expansion.
Get A Free Sample Of The Global Disposable Medical Devices Sensors Market ReportGlobal Disposable Medical Devices Sensors Market Segments
The global disposable medical devices sensors market covered in this report is segmented –
1) By Product Type: Biosensors, Temperature Sensors, Pressure Sensors, Accelerometers, Image Sensors, Consumables
2) By Application: Patient Monitoring, Diagnostics, Therapeutics
By Geography: The regions covered in the disposable medical devices sensors market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the disposable medical devices sensors market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the disposable medical devices sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Disposable Medical Devices Sensors Industry Players
Medtronic PLC, STMicroelectronics NV, Honeywell International Inc., TE Connectivity PLC, Smiths Medical Inc., GE HealthCare Technologies Inc., NXP Semiconductors NV, Analog Devices Inc., Omnivision Technologies Inc., Qualcomm Technologies Inc., Renesas Electronics Corporation, Texas Instruments Incorporated, Sensirion AG, Nuova GmbH, General Electric Company, Koninklijke Philips N.V., JantPharmacal, Gentag Inc., LifeScan Inc., Olympus Corporation, F. Hoffmann-La Roche AG, Hmicro Inc., SSI Electronics, ACE Medical Devices, Maxim Integrated Inc., Silicon Laboratories, First Sensor AG, Medical Sensors India Pvt. Ltd., Will Semiconductor Co., Measurement Specialities Inc., Starboard Medical Inc.
Get The Full Global Disposable Medical Devices Sensors Market Report
Disposable Medical Devices Sensors Market Overview
The disposable medical device sensors refer to portable handheld equipment used to diagnose, monitor, as well as treat physical attributes. The disposable medical device sensors are also referred to as handheld scanning devices intended for temporary use.
Disposable Medical Devices Sensors Global Market Report 2023 provides data on the global disposable medical devices sensors market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The disposable medical devices sensors market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.