The rising demand for sensors in homes as well as in clinics for
treatment and diagnosis purpose is the factor driving the global
disposable medical sensors market. The increasing prevalence of long
term and chronic diseases such as cancer and kidney disorders coupled
with the increasing incidences of hospital acquired infections are also
the factors propelling the global disposable medical sensors market.
Disposable medical device sensors are portable or handheld scanning
devices which are used for diagnosis or therapeutics of patient.
The abilities of these portable device sensors are to monitor a
patient on various parameters, such as body temperature, pulse transit
time, blood oxygenation levels, breathing rate and heart rate. The
increasing features and innovations in disposable medical sensors are
propelling the growth of disposable medical sensors market. The rising
demand of disposable medical sensors is a direct consequence of
increasing patient base globally and the increasing adoption of
disposable medical devices at the place of conventional reusable medical
devices.
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In addition, the increasing government provisions for R&D
activities and huge investments by various healthcare institutes to
develop advanced disposable medical device sensors are also the factors
driving the global disposable medical sensors market. The technological
advancements in the market such as wearable wrist watch devices and
disease detecting devices is the factor expected to further fuel the
global disposable medical sensors market.
The disposable medical sensors market is segmented on the basis of
technology into accelerometers, biosensors, image sensors, pressure
sensors and temperature sensors. The biosensors technology is expected
to dominate the disposable medical sensors market over the forecast
period owing to the rapidly increasing demand for monitoring and
diagnostic devices such as blood glucose monitors and cardiac
pacemakers. The image sensors segment is expected to show lucrative
growth over next six years. The increasing demand for CMOS image sensors
and the introduction of cost effective and technologically
advanced products such as fiber technology are the factors expected to
drive the growth of this segment.
The global disposable medical sensors market is analyzed on the basis
of application into therapeutics, patient monitoring and diagnostics.
As of 2013, the disposable medical sensors market for diagnostic
intentions dominated the overall market. Rising geriatric population
base and increasing prevalence of chronic diseases which require
frequent monitoring are the factors attributing the largest share of
this segment. The patient monitoring segment is expected to show
lucrative growth over the forecast period owing to the increasing market
penetration rates of the disposable and portable medical devices which
are used in home healthcare establishments.
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The global disposable medical sensors market on the basis of regions
is segmented into North America, Europe, Asia Pacific and RoW. As of
2013, the disposable medical sensors market in North America attributed
the largest market share. The presence of public and private funding
programs, increasing incidences of hospital acquired infections and the
presence of enlightened infrastructure are the major factors fuel the
growth of disposable medical sensors market in this region.
Owing to the high rates of usage of diagnostic and patient monitoring
devices, Europe is expected to be the second largest market share
holder over the forecast period. Asia Pacific is expected to grow at the
fast pace. The rapidly enhancing healthcare infrastructure and
existence of high and unmet medical needs are the key factors driving
the disposable medical sensors market in this region.
Some of the major players in disposable medical sensors market
include Sensirion AG, Measurement Specialities, Smiths Medical, ST
Microelectronics, Philips Helathcare, Medtronic, Freescale
Semiconductor, Inc., GE Healthcare, Analog Devices, Inc., Given Imaging,
Honeywell International, Inc. and Coividien, plc.
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