Disposable Medical Device Sensors market over forecast period of 2015 to 2020. Disposable medical device sensors are emerging as powerful, cost-effective tools for diagnosing diseases, monitoring vital human parameters, and for various therapeutic applications. Over years, sensor-based devices have evolved in terms of characteristics, performance, and features due to the continuous improvements in sophistication of electronics in medical and pharmaceutical applications. Advent of IT revolution, wireless sensor technology, disposable sensors, and biosensors in healthcare has played a significant role in evolution of sensors in healthcare. Moreover, advent of microsystem technologies such as MEMS, SI-based sensors, and microfluidic chips has revolutionized medical and pharmaceutical electronics segment with greater accuracy, precision characteristics, advanced control, and low power consumption in devices and equipment.
This market is expected to grow at a CAGR of 10.3% during forecast period of 2015 to 2020. A majority of this growth is attributed to rising incidence of hospital-acquired infections, escalating healthcare costs, investments by venture capitalist firms in development of disposable sensor-based devices, and government support for R&D activities for these devices.
Browse 191 market data tables & 41 figures spread through 238 pages and in-depth TOC on "Disposable Medical Device Sensors Market" at http://www.rnrmarketresearch.com/disposable-medical-devices-sensors-market-by-type-biosensor-image-sensor-accelerometer-monitoring-smart-pill-pulse-oximeter-diagnostic-capsule-endoscope-blood-glucose-strip-therapeutic-market-report.html .
This report provides detailed market analysis of various disposable medical device sensors available in the market, comprising biosensors, temperature sensors, pressure sensors, accelerometers, image sensors, and others. In 2014, the biosensors segment accounted for largest share of global disposable medical device sensors market. Large share of this segment is mainly attributed to the increasing demand for monitoring and diagnostic devices such as continuous blood glucose monitoring and wide use of pregnancy test strips, HIV test strips, drug and alcohol test strips, and glucose test strips in home healthcare and point-of-care (POC) diagnostics.
Report also include 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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Report also provides detailed geographic analysis of disposable medical device sensors market covering major countries in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2014, North America and Europe accounted for majority share of global disposable medical device sensors market, mainly due to technological competencies of healthcare industry and presence of well-established HCIT infrastructure in these regions. However, during forecast period, Asia-Pacific region is expected to grow at highest CAGR, owing to rising medical tourism, increasing healthcare expenditure, rapidly developing healthcare infrastructure, increasing per capita incomes, & growing health awareness among middle-class population in emerging countries of this region.
Some of the key players in this market include Medtronic plc. (Ireland), GE Healthcare (U.K.), Philips N.V. (Netherlands), Smiths Medical (U.K.), TE Connectivity (Switzerland), Freescale Semiconductors, Inc. (U.S.), Omnivision Technologies, Inc. (U.S.), STMicroelectronics (Switzerland), Analog Devices, Inc. (U.S.), and Honeywell International, Inc. (U.S.).
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