The global disposable medical sensor market is anticipated to grow at a significant CAGR of 10.5% during the forecast period. Various key factors are contributing to market growth, such as technological advancement in the medical industry, increasing demand for remote patient monitoring devices, and the rising geriatric population. Moreover, the increasing incidences of chronic diseases across the globe, such as acute myocardial infarction and diabetes mellitus in the geriatric population, along with an increasing number of postoperative rehabilitation patients are some other factors augmenting the global market growth. However, the stringent regulatory procedures and lack of adequate reimbursement policies for novel technologies are the major factors that act as a barrier to the growth of the global market.
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COVID-19 impacted majorly to electronics industry which has witnessed a strong hit in the 1Q of 2020 as all manufacturing facilities, other supporting offices, and transportation has been shut down due to the board restriction. Despite the electronics industry getting hit by the shutdown and low manufacturing and sales, due to the increasing spread of COVID-19, temperature sensors have boosted the pace and it is also anticipated to gain traction in the market. The increasing demand for temperature sensors and this are also being used by wearable manufacturers and increasing day by day owing to their applications in medical devices that are used for monitoring temperature.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Disposable Medical Sensor Market by Type
- Biosensors
- Image Sensors
- Pressure Sensors
- Temperature Sensors
- Accelerometers
- Others (MR Position Sensors and Force Sensors)
Global Disposable Medical Sensor Market by Placement Type
- Implantable Sensors
- Invasive Sensors
- Ingestible Sensors
- Strip Sensors
- Wearable Sensors
Global Disposable Medical Sensor Market by Application
- Diagnostics
- Therapeutics
- Patient Monitoring
Global Disposable Medical Sensor Market by End-User
- Hospitals and Clinics
- Diagnostic Laboratories
- Home Care
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Amphenol Corp.
- CONMED Corp
- GENTAG, Inc.
- LifeSignals Group Inc.
- Merit Medical Systems
- Nuova GmbH
- NXP Semiconductors N.V.
- OMNIVISION
- PendoTECH
- Sensirion AG
- Shenzhen Med-link Electronics Tech Co., Ltd.
- Smiths Group
- Starboard Medical, INC
- STMicroelectronics
- TE Connectivity Corp.
- Universal Biosensors
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global disposable medical sensor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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