The disposable medical device sensors market is poised to reach USD 5,936 Million by 2020, growing at a CAGR of 10.3% during the forecast period of 2015 to 2020. Market growth can be attributed to the growing prevalence of diabetes and other infectious diseases across the globe, government support for research and development activities in medical sensors, various benefits such as faster analysis, low costs, ease of use, and rising needs to curtail escalating healthcare costs. On the other hand, inadequate reimbursements and clinical data requirements for various products in the market are expected to restrain the overall market growth to a certain extent during the forecast period.

The disposable medical device sensors market, by product, is segmented into biosensors, temperature sensors, pressure sensors, accelerometers, image sensors, and others. The biosensors segment accounted for the largest share of ~68% of market. However, the image sensors segment is poised to grow at the highest CAGR of 22.1% in the forecast period. Growth in this segment can be attributed be the fueled by the increasing demand for CMOS image sensors and emerging endoscopy products like camera pills and disposable endoscopes coupled with the increasing number of endoscopic procedures across the globe.

The disposable medical device sensors market, by placement of sensors is segmented into wearable sensors, implantable sensors, ingestible sensors, invasive sensors, and strip sensors. The strip sensors segment accounted for the largest share of ~49% of the global market in 2014. This segment is projected to reach USD 2,942.3 Million by 2020, growing at a CAGR of 10.3% during the forecast period. The overall growth of strip sensors market is driven by the widespread adoption of these sensors in diagnostic applications across the world owing to their varied benefits, such as cost effectiveness, ease of use, non-infectious nature, and faster results.

The disposable medical device sensors market, by application is segmented into patient monitoring devices, diagnostic testing devices, imaging devices, and therapeutic devices.

The diagnostic testing devices segment accounted for the largest share of ~49% of disposable medical device sensors market. However, the imaging devices segment is poised to grow at the highest CAGR of 22.1% in the forecast period.

North America is the largest regional segment of the global disposable medical device sensors market; it accounted for the largest share of 40.8% of the market in 2014, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The large share of this region can be attributed to the increasing incidence of HAIs, the need to curtail rising healthcare costs, and the wide use of sensor-based disposable medical devices and hospitals in North America. In addition, the rising demand for medical sensors in home treatment and the presence of well-structured distribution channels in the region are aiding market growth. Although North America and Europe will continue to dominate the disposable medical device sensors market during the forecast period, a majority of growth in the global disposable medical device sensors will be driven by the rising demand for various sensors based disposable medical devices in APAC and Latin America. China, India, and Brazil are expected to offer significant growth opportunities for market players in the forecast period owing to the rising geriatric population, growing per capita income, changing lifestyles, increasing investments in the healthcare industry by key market players, rising demand for advanced technologies, and expansion of private-sector hospitals to rural areas in these countries.

Some of the major players in disposable medical device sensors 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.).

Disposable Medical Device Sensors Market : Scope of the Report

This research report categorizes the global disposable medical device sensors market by product, by placement of sensors and by application. These markets are broken down into segments and sub segments, providing value analysis for 2013, 2014, and 2015, as well as forecast up to 2020. Each market is comprehensively analyzed by geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) to provide in-depth information on the global scenario.

Global Disposable Medical Device Sensors Market, by Product

Biosensors

Accelerometers

Pressure Sensors

Temperature Sensors

Image sensors

Others

Global Disposable Medical Device Sensors Market, by Placement of Sensors

Strip Sensors

Wearable sensors

Implantable sensors

Invasive sensors

Ingestible sensors

Global Disposable Medical Device Sensors Market, by Placement of Sensors

Diagnostic Testing Devices Blood Glucose Test Strips Pregnancy Test Strip Sensors Drug and Alcohol Test Strip Sensors HIV Test Strip Sensors

Therapeutic Devices Dialysis Device Sensors Cardiac Therapy Devices Cardiac Catheter Sensors Insulin Pump Sensors

Patient Monitoring Devices Continuous Blood Pressure Monitors Pulse Oximeters Cardiac Monitors Continuous Glucose Monitoring Devices Implantable Loop Recorders Smart Pills Others

Imaging Devices Capsule Endoscope Sensors Disposable Endoscope Sensors



Global Disposable Medical Device Sensors Market, by Region:

North America U.S. Canada

Europe Germany U.K. France Italy Spain Rest of Europe (ROE)

Asia-Pacific (APAC) Japan China India Rest of Asia-Pacific (ROAPAC)

Rest of the world (RoW) Latin America Middle East and Africa



The global market is estimated to reach USD 5,936 Million by 2020, growing at a CAGR of 10.3% during the forecast period. The disposable medical device sensors market is primarily driven by the continuously increasing healthcare expenditure, increasing incidence of healthcare acquired infections, high prevalence of diabetes and other cardiovascular diseases and growing pressure on healthcare organizations to curtail healthcare costs with the rising incidences of chronic disorders and increasing geriatric population. In addition the increasing demand for point of diagnostics and self-health management devices is also expected to contribute to the growth of the global disposable market in the coming years. Moreover, trends such as increasing demands for miniaturized and user friendly medical devices are driving the innovation in this market which in turn will drive the market during the forecast period. However, inadequate reimbursements for some of the products in this market and stringent regulatory requirements are some of the key reasons restraining the growth of this market upto certain extent.

The global market is segmented on the basis of products, placement of sensors, and application. On the basis of products, the disposable medical device sensors market is divided into biosensors, temperature sensors, pressure sensors, accelerometers, image sensors, and others. On the basis of placement of sensors, the market is categorized into wearable sensors, implantable sensors, ingestible sensors, invasive sensors, and strip sensors.

On the basis of application, the disposable medical device sensors market is segmented into patient monitoring devices, diagnostic testing devices, imaging devices, and therapeutic devices. The diagnostic testing devices segment is further divided into HIV test kits, pregnancy test kits, drug and alcohol test kits, and blood glucose test strips. The therapeutic devices segment is further divided into insulin pump sensors, dialysis device sensors, cardiac therapy devices, and cardiac catheter sensors. The patient monitoring devices segment is categorized into continuous blood pressure monitors, pulse oximeters, cardiac monitors, continuous glucose monitoring devices, implantable loop recorders, smart pills, and others. The imaging devices segment is divided into capsule endoscopes and disposable endoscopes. The diagnostic testing devices segment accounted for the largest share of the global market in 2014.

On the basis of regions, the disposable medical device sensors market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, which is further analyzed at country levels. The research report discusses the key market drivers, restraints, challenges, trends, and opportunities in the global market and its submarkets.

North America accounted for the largest share of the disposable medical device sensors market in 2014, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The Asia-Pacific region represents the fastest-growing market for disposable medical device sensors, primarily due to the increasing healthcare expenditure, rising medical tourism, increasing awareness among people for self-health management, and growth in the overall healthcare industry. In addition, increasing investments in the healthcare industry by key market players, rising demand for advanced healthcare technologies, and expansion of private sector hospitals to rural areas in countries such as China, Taiwan, and India are driving the growth of this region.