Disposable Medical Sensors Market Report

Disposable Medical Sensors Market Analysis By Product (Biosensors, Pressure, Accelerometer, and Temperature Sensor), By Type, By Application, And Segment Forecasts, 2014 - 2025

Published: September 2017  |  104 Pages  |  Format: PDF  |  Report ID: 978-1-68038-256-3

Industry Insights

The global disposable medical sensors market size was valued at USD 5.1 billion in 2016 and is expected to reach USD 12.3 billion in 2025 at a CAGR of 10.2% over the forecast period. Rising incidence of chronic diseases , and the demand for low medical devices is expected to promote the market growth over the forecast period. 

The disposable medical sensors are identified as the cost effective and powerful tools for monitoring and diagnosing diseases as well as vital human parameters, and for various therapeutic applications. Sensor based devices have evolved over the years in terms of improvement and applications. For instance, carbon nanotube based biosensors are used for the detection of microorganisms such as S. aureus and E. coli. The technological advancement such as high speed and low cost is enabling faster and accurate results.

U.S. disposable medical sensors market by product, 2014 - 2025 (USD Million)

U.S. disposable medical sensors market

The increasing prevalence of chronic diseases is creating demand for sensors in clinics as well as the home diagnostic devices. This is justified by the rise in constant patient monitoring and diagnosis volume, which in turn is expected to promote higher sales of these disposable products.  

Technological advancement such as the cancer tracking sensor, Micro-Electro-Mechanical Systems (MEMS) sensor technology, and fiber optic technology is expected to drive the market. Additionally, government initiatives to encourage R&D are expected to further fuel these technological advancements over the forecast period. However, factors such as inadequate reimbursement and stringent regulatory policies in certain regions like the European countries are anticipated to negatively impact the growth of the market.

Product Insights

Based on the product, the industry is segmented into biosensors, pressure, accelerometer, temperature, and image sensors. The biosensors segment held the largest market share as of 2016 and is expected to maintain this share over the forecast period owing to the increasing diagnosis of infectious disease and the demand for point of care testing, wherein these are commonly used.

Image sensors are expected to be the fastest growing segment owing to the demand for Complementary Metal-Oxide Semiconductor (CMOS) image sensors and the introduction of cost affective products such as fiber optics which are used in endoscopes.

Type Insights

The disposable medical sensor on the basis of type is segmented into strip, wearable, implantable, invasive, and ingestible sensors. The strip based held the largest market share in 2016, owing to the adoption of strip based product in various diagnostic applications such as glucose monitoring, magnetic nano-particles, and disease testing. Also, the high volume of patients suffering from diabetes, leading to continuous monitoring of the glucose level, is expected to maintain the market share over the forecast period.

Ingestible segment is expected to be the fastest growing owing to the growing demand for ingestible pills and digital medicine. These are mainly used in endoscopy, controlled drug delivery, and patient monitoring. Increasing prevalence of chronic diseases, and the need for invasive diagnostic testing is propelling the growth of ingestible segment. Additionally, the results obtained by using ingestible product is more accurate which is expected to fuel the market further

Application Insights

Disposable medical sensors are segmented into diagnostic, therapeutic, and patient monitoring based on application. The diagnostic segment has been identified to be the largest market share holder due to their usage in a variety of diagnostic devices such as endoscopy, spirometry, and medical imaging devices. Additionally, the development of wireless communications owing to integrated biosensor is creating growth opportunities in the diagnostic field.

Patient monitoring segment is anticipated to be the fastest growing segment over the forecast period. With the advancing technology, and increasing need for better monitoring devices, the need for medical sensors is rising. Additionally, new product launches are enhancing the quality of care. 

Global disposable medical sensors market, by application, 2016 (%)

Global disposable medical sensors market

Regional Insights

North America is expected to dominate the market as of 2016 by contributing over 40.0% of the revenue. The presence of a large number of industry players and introduction of new products within the region is expected to support growth. 

Asia Pacific has a growing establishment of medical devices companies over the forecast period, leading to ancillary growth of the industry within the region. Furthermore, presence of a large pool of geriatric population, and increase in healthcare spending, are expected to positively impact the market.

Competitive Insights

Key players of the disposable medical sensors industry are Medtronic, Philips Healthcare, Smiths Medical, Analog Devices, NXP Semiconductor, GE Healthcare, Sensirion AG, TE Connectivity, STMicroelectronics, and OmniVision Technologies.

The industry players adopt various strategies such as new product launch, collaborations, and mergers and acquisition. For Instance, Philips is expected to launch a next-generation monitoring biosensor that would continuously and automatically measure vital signs such as skin temperature, heart rate, and respiratory rate.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2016

Forecast period

2017 - 2025

Market representation                                      

Revenue in USD Million and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East Asia

Country scope

U.S., Canada, U.K, Germany, China, Japan, Mexico, Brazil, South Africa

Report coverage          

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global disposable medical sensors market on the basis of product, type, application and region:

  • Product Outlook (Revenue, USD Million, 2014 - 2025)

    • Biosensors

    • Pressure sensor

    • Accelerometer sensor

    • Temperature sensor

    • Image sensor

    • Others

  • Type Outlook (Revenue, USD Million, 2014 - 2025)

    • Strip sensor

    • Wearable sensor

    • Implantable sensor

    • Invasive sensor

    • Ingestible sensor

  • Application Outlook (Revenue, USD Million, 2014 - 2025)

    • Diagnostic

    • Therapeutic

    • Patient monitoring

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K

    • Asia Pacific

      • China

      • Japan

    • Latin America

      • Brazil

      • Mexico

    • MEA

      • South Africa

      • Saudi Arabia

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