The global disposable medical device sensors market is expected to grow at a CAGR of 10.3% during the forecast period (2015 to 2020). Majority of the demand for sensors based disposable medical devices is driven by the growing need to reduce soaring healthcare costs, increasing prevalence of chronic disease s and rising incidence of healthcare acquired infections. The growing adoption of self-monitoring and diagnostic devices is some other factors driving growth of the global disposable medical device sensors market.
Some of the major players in this market include Medtronic plc. (Ireland), GE Healthcare (U.K.), Philips N.V. (Netherlands), Smiths Medical (U.K.), TE Connectivity (Switzerland), Free scale Semiconductors, Inc. (U.S.), Omnivision Technologies, Inc. (U.S.), STMicroelectronics (Switzerland), Analog Devices, Inc. (U.S.), and Honeywell International, Inc. (U.S.).
Complete 191 market tables and 41 figures spread through 238 pages and in-depth TOC on "Disposable Medical Device Sensors Market" http://www.reportsnreports.com/reports/269227-disposable-medical-devices-sensors-market-by-type-biosensor-image-sensor-accelerometer-monitoring-smart-pill-pulse-oximeter-diagnostic-capsule-endoscope-blood-glucose-strip-therapeutic-insulin-pump-dialysis-global-forecast-to-2018.html .
North America commanded the largest share of the global disposable medical device sensors market, followed by Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Developed geographies like North America and Europe are likely to grow at a lower CAGR as compared to the Asia-Pacific market, which is expected to grow at the highest CAGR of 13.8% during the forecast period. Growth in the Asia-Pacific region is largely driven by the rising geriatric population, growing per capita income, changing lifestyles, increasing investments in the healthcare industry by key market players, rising demand for advanced technologies, and expansion of private-sector hospitals to rural areas in emerging countries such as China and India are driving the growth of the Asia-Pacific disposable medical device sensors market.
The disposable medical device sensors market by placement of sensors comprises wearable sensors, implantable sensors, ingestible sensors, invasive sensors, and strip sensors. The ingestible sensors segment is expected to grow at the highest CAGR of 15.3% during the forecast period owing to the increasing demand for smart pills and capsule endoscopes.
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In this report, the disposable medical device sensors market is segmented by product, placement of sensors, application, and geography. By product, the disposable medical device sensors market is segmented into biosensors, temperature sensors, pressure sensors, accelerometers, image sensors, and others. In 2014, the biosensors segment accounted for the largest share of ~68% of disposable medical device sensors market. This segment is poised to reach USD 4007.6 million by 2020, growing at a CAGR of 10.3% during the forecast period. On the other hand, the image sensors segment is expected to grow at the highest CAGR of 22.1% during the forecast period, owing to the increasing demand for CMOS image sensors and the introduction of cost effective and technologically advanced products.
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In addition to the demand for diagnostic and monitoring devices for home treatment, the increasing demand of technologically advanced single use devices from healthcare providers is also expected to contribute to the growth of the global disposable medical device sensors market during the forecast years.
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