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.
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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.
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.
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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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