The report "Disposable
Medical Device Sensors Market by Product (Biosensor, Image
sensor, Accelerometer), Monitoring (Smart Pill, Pulse Oximeter), Diagnostics
(Capsule Endoscope, Blood Glucose Strip), Therapeutics (Insulin Pump, Dialysis)
- Global Forecast to 2020", is Valued at ~USD 3,630.8
Million in 2015 and is poised to reach USD 5,936 Million by 2020, growing at a
CAGR of 10.3% during the forecast period of 2015 to 2020
Browse 191
market tables and 41 figures spread through 238 pages and
in-depth TOC on "Disposable Medical Device Sensors Market “
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Market
growth can be attributed to the growing prevalence of diabetes and other
infectious diseases across the globe, government support for research and
development activities in medical sensors, various benefits such as faster
analysis, low costs, ease of use, and rising needs to curtail escalating
healthcare costsOn the other hand, inadequate reimbursements and clinical data
requirements for various products in the market are expected to restrain the
overall market growth to a certain extent during the forecast period.
The disposable medical device sensors market, by product, is
segmented into biosensors, temperature sensors, pressure sensors,
accelerometers, image sensors, and others. The biosensors segment accounted for
the largest share of ~68% of market. However, the image sensors segment
is poised to grow at the highest CAGR of 22.1% in the forecast period. Growth
in this segment can be attributed be the fueled by the increasing demand for
CMOS image sensors and emerging endoscopy products like camera pills and
disposable endoscopes coupled with the increasing number of endoscopic
procedures across the globe.
The disposable medical device sensors market, by placement of
sensors is segmented into wearable sensors, implantable sensors, ingestible
sensors, invasive sensors, and strip sensors. The strip sensors segment
accounted for the largest share of ~49% of the global market in 2014. This
segment is projected to reach USD 2,942.3 Million by 2020, growing at a CAGR of
10.3% during the forecast period. The overall growth of strip sensors market is
driven by the widespread adoption of these sensors in diagnostic applications
across the world owing to their varied benefits, such as cost effectiveness,
ease of use, non-infectious nature, and faster results.
The disposable medical device sensors market, by application is
segmented into patient monitoring devices, diagnostic testing devices, imaging
devices, and therapeutic devices.
The diagnostic testing devices segment accounted for the largest
share of ~49% of disposable medical device sensors market. However, the imaging
devices segment is poised to grow at the highest CAGR of 22.1% in the forecast
period.
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The market is
divided into North America, Europe, Asia-Pacific, Latin America, and the Middle
East & Africa, which is further analyzed at country levels. The research
report discusses the key market drivers, restraints, challenges, trends, and
opportunities in the global market and its submarkets.
Major players in the global disposable medical device sensors
market are Medtronic plc. (Ireland), GE Healthcare (U.K.), Philips N.V.
(Netherlands), Smiths Medical (U.K.), TE Connectivity (Switzerland), Freescale
Semiconductors, Inc. (U.S.), Omnivision Technologies, Inc. (U.S.),
STMicroelectronics (Switzerland), Analog Devices, Inc. (U.S.), and Honeywell
International, Inc. (U.S.).
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