Disposable Medical Sensors Market Comprehensive Understanding of the Market Growth Opportunities, Major Competitors and Porter Analysis

The market is growing mainly due to the increasing prevalence of health care-associated infections (HAIs), growing demand for low cost medical equipment, increasing R&D investments, and rising prevalence of diabetes and cardiovascular diseases.

The disposable medical sensors find application in diagnostic devices, therapeutic devices, patient monitoring devices, and imaging devices. The increase in prevalence of diabetes, led to the adoption of diagnostic devices for blood glucose monitoring, resulting into its largest contribution in the global disposable medical sensors market. Increasing use of CMOS image sensors that provides higher resolution, 3D imaging and precision manipulation, will act as key factors leading to the fastest growth in demand of disposable sensors for imaging devices, at a CAGR of 23.5% during the forecast period.

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Over the years there has been an increase in prevalence of diabetes and cardiovascular diseases, that drives the manufacturers in the disposable medical sensors market to develop sensory monitoring devices such as CGM, cardiac monitors, and continuous blood-pressure monitors (CBP) to cater to the need of the market globally. Cardiovascular disease is the leading cause of premature death around the world. High prevalence of cardiovascular diseases depicts increased demand for devices to monitor heart rates, respiratory rates, temperature, fluid levels and patient activity. According to the WHO, approximately 17.7 million people died from cardiovascular disease in 2015, representing 31% of the global deaths. Of these deaths, approximately 7.4 million deaths were due to coronary heart disease and 6.7 million were due to stroke.

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Some of the other key players operating in the disposable medical sensors market include Medtronic Plc, General Electric Company, Koninklijke Philips N.V., TE Connectivity Ltd., Smiths Group plc, NXP Semiconductors N.V., Honeywell International Inc., and Gentag, Inc.