The disposable medical device sensors market is projected to reach USD 9.4 billion by 2026 from USD 6.5 billion in 2021, at a CAGR of 7.7% during the forecast period. Market growth is largely driven by rising concerns over hospital-acquired infections and contamination, the increasing incidence of target conditions, the growing demand for home-based medical care devices, significant technological advancements in the last few years, and government support for R&D activities for these devices. The emerging markets in developing countries are also expected to provide growth opportunities for players in the disposable medical device sensors market.
“The image sensorssegment accounted for the highest growth rate in thedisposable medical device sensorsmarket, byproduct, during the forecast period”
Based on products, the disposable medical device sensors market is segmented into biosensors, accelerometers, temperature sensors, image sensors, and other sensors. The image sensorssegment accounted for the highest growth rate in the disposable medical device sensors market in 2020. This can be attributed to the increasing adoption of technologically advanced capsule endoscopes by healthcare organizations.
“Ingestible sensors accounted for the highest CAGR”
Based on type, disposable medical device sensors are segmented into strip sensors, wearable sensors, invasive sensors, and ingestible sensors. In 2020, ingestible sensors accounted for accounted for the highest growth rate. The major factors driving the growth is the increasing demand for technologically advanced smart pills and capsule endoscopy for diagnostic applications.
“Imagingdevices application segment accounted for the highest CAGR”
Based on applications, the disposable medical device sensors market is divided into four segments, namely, patient monitoring, diagnostic testing, therapeutics, and imaging. Imaging segment registered the highest growth rate during the forecast period.This can be attributed to the introduction of technologically advanced products in this segment by players in the disposable medical device sensors market.
“Asia Pacific: The fastest-growing regionin the Disposable medical device sensors market”
Thedisposable medical device sensorsmarket is segmented into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is projected to register the highest CAGR during the forecast period. This can primarily be attributed to the rapidly increasing aging population, increasing incidence of chronic diseases, growing per capita income, increasing investments in the healthcare industry by key market players, rising demand for advanced technologies, and less stringent regulations in countries across the APAC.
The primary interviews conducted for this report can be categorized as follows:
- By Company Type: Tier 1 - 28%, Tier 2 - 42%,and Tier 3 -30%
- By Designation: C-level -30%, D-level - 34%, and Others -36%
- By Region: North America- 46%, Europe- 25%, Asia Pacific – 18%, RoW – 11%
This report provides a detailed picture of the disposable medical device sensors market. It aims at estimating the size and future growth potential of the market across different segments, such as product, type, application, and region. The report also includes an in-depth competitive analysis ofthe key market players, along with their company profiles, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help market leaders/new entrants by providing them with the closest approximations of the revenue numbers for the overall disposable medical device sensorsmarket and its subsegments.It will also help stakeholders better understand the competitive landscape and gain more insights to better position their business and make suitable go-to-market strategies. This report will enable stakeholders to understand the market’s pulse and provide them with information on the key market drivers, opportunities, and challenges.