Disposable Medical Sensors Market worth USD 9,740 Million by 2027

The Market Statsville Group (MSG) publishes the new report on the "Disposable Medical Sensors Market by Product (Biosensors, Temperature Sensors, Pressure Sensors, Image Sensors, Others), Placement Type (Wearable, Implantable, Ingestible, Invasive, Strip), Application, End User, and Region - Global Forecast to 2027". The global disposable medical sensor market was valued at USD 6,232 million in 2020 and is projected to reach USD 9,740 million by 2027, to grow at a CAGR of 8.91% from 2021 to 2027. The rise in the adoption of biosensors, technological advancements in sensor devices, and the growing demand for disposable image and wearable sensors are the major factors that drive the growth of the disposable medical sensors market. In addition, the introduction of implantable sensors for preclinical drug research has further fueled the market growth. However, inadequate reimbursement policies and stringent government regulations form a significant restraint to the market growth. Conversely, an increase in untapped economies provides lucrative opportunities for market growth.

Global Disposable Medical Sensors Market Segmentation

The report outlines the global disposable medical sensors market study based on product, placement type, application, end user, and region.

By Product (Revenue, USD Million, 2017 - 2027)

• Biosensors
• Temperature Sensors
• Pressure Sensors
• Image Sensors
• Accelerometer/Patient Position Sensors
• Others

By Placement Type (Revenue, USD Million, 2017 - 2027)

• Wearable Sensors
• Implantable Sensors
• Ingestible Sensors
• Invasive Sensors
• Strip Sensors

By Application (Revenue, USD Million, 2017 - 2027)

• Patient Monitoring
  • Continuous Blood Pressure Monitoring
  • Implantable Loop Recorders
  • Cardiac Monitoring Electrodes
  • Pulse Oximeters
  • Smart Pills
  • Continuous Blood Glucose Monitoring (CGM)
  • Others
• Diagnostics
  • Capsule Endoscopes
  • HIV Test Strip Sensors
  • Pregnancy Test Strip Sensors
  • Drug and Alcohol Test Strip Sensors
  • Blood Glucose Test Strip Sensors
• Therapeutics
  • Insulin Pump Sensors
  • Cardiac Therapeutic Electrode Sensors
  • Cardiac Catheter Sensors

By End User (Revenue, USD Million, 2017 - 2027)

• Hospitals
• Home Care
• Diagnostic Laboratories
• Clinics

By Region Outlook (Sales, USD Million, 2017-2027)

• North America (US, Canada, Mexico)
• South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
• Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
• The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)

Strip sensors, by placement type, is estimated to hold the largest market share during the forecast period

Based on placement type, the global disposable medical sensors market is categorized into wearable sensors, strip sensors, invasive sensors, ingestible sensors, and implantable sensors. The strip sensor was the highest revenue contributor in 2020, which accounted for 27.35%, and is expected to maintain this trend during the forecast period. This is attributed to the growing global adoption of strip testing sensors for diabetes, pregnancy, and other tests. This is because of the increasing use of strip sensors in disease diagnostic technologies and glucose monitoring tests. Moreover, the wide usage of HIV test strips, pregnancy test strips, and drug & alcohol test strips in homecare diagnostics has led to market growth.

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North America accounts for the largest market share during the forecast period in the Disposable Medical Sensors market

Based on the regions, the global disposable medical sensors market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. North America was the highest revenue contributor that accounted for a market share of 37.1% in 2020 and is expected to maintain its dominance throughout the forecast period. This is attributed to increasing technological advancements in disposable medical sensors along with the presence of well-established HCIT (Healthcare Technology and Infrastructure) infrastructure in North America. The North American market for disposable medical sensors is expected to grow at a steady pace owing to increasing investments by the private as well as government organizations in the disposable medical sensors market in this region. In addition, several regional players are expanding their business in the US to suffice the increasing need for medical sensors in the country.

This research report includes a study on the development and marketing strategies and a study on the product portfolios and winning strategy of the leading companies operating in the Disposable Medical Sensors market. It also consists of the profiles of leading companies such as Covidien Plc., Analog Devices, Inc., Measurement Specialties, Freescale Semiconductor, Inc., Given Imaging, Honeywell International, Inc., Sensirion AG, Medtronic, Smiths Medical, GE Healthcare, Philips Healthcare, and ST Microelectronics, among others. These market players have focused on acquisitions and expansion to gain a larger market share in the disposable medical sensors market.

Browse complete report: https://www.marketstatsville.com/disposable-medical-sensors-market

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