A research study titled, “Disposable Medical Device Sensors Market by
Product, Technology, and Application - Global Industry Analysis and Forecast to
2025” published by Crystal Market Research, states that the disposable medical
device sensors market is projected to be around $8 billion by 2025.
Disposable
medical sensors are portable or handheld devices used for
therapeutics, diagnostics and patient monitoring. CMOS image sensors are used
for capsule endoscopy applications. With constant decrease in the size of
electronic devices, a camera can be fitted in a swallowable capsule. Creating
such devices has been possible because of CMOS image sensors. These sensors aid
in high resolution 3D imaging. Moreover, CMOS technology assists in
manufacturing of radiation resistant devices that are much sturdier as compared
to CCD-image sensors. Implantable sensors are used in medical research to
measure parameters such as pressure, force, torque and temperature inside human
body. With advancements in micro-fabrication and nano-fabrication technologies,
these implantable sensors can be incorporated into implants providing unique
and personalized data for each patient which can be used to optimize the
diagnosis process.During the past few years disposable medical sensors market
has been growing rapidly and is expected to grow consistently during the
forecast period.
Strip sensors
market dominated the global disposable medical sensors market in 2016, owing to
their rising usage in disease diagnostic processes and glucose monitoring
tests. However, ingestible sensors market is anticipated to grow with the
fastest rate over the forecast period due to increasing demand for capsule
endoscopes and smart pills.
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Image sensors market is expected to grow at the fastest
rate during the forecast period due to their primary applications in capsule
endoscopy procedures. Biosensors market held the largest share of the overall
market in 2016 owing to the rising demand for these sensors in drug development
processes.
U.S.
dominated the North American disposable medical device sensors market in 2016
followed by Canada. This can be attributed to the large scale adoption of
sensor oriented medical devices for diagnostic and therapeutic procedures.
Europe is the second largest market for disposable medical device sensors, due
to rising adoption of technologically advanced medical devices coupled with
high purchasing power in the region.
The major
companies operating in this market emphasize on product development for
ensuring competitive advantage. For instance, in May 2014, Honeywell
International, Inc. launched Nanopower Anisotropic Magnetoresistive Sensor ICs
which provide high level of magnetic sensitivity to be used in medical
applications such as medication dispensing cabinets and infusion pumps.
Some of the major players competing
in the global disposable medical device sensors market are
·
STMicroelectronics
·
Given Imaging, Inc.
·
Honeywell International, Inc.
·
Covidien Plc.
·
Medtronic
·
Freescale Semiconductor, Inc.
·
Smiths Medical
·
Philips Healthcare
·
Measurement Specialties
·
Sensirion AG.
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Table of Contents
1. Introduction
1.1. Report
Description
1.2. Research
Methodology
1.2.1. Secondary
Research
1.2.2. Primary
Research
2. Executive
Summary
2.1. Key
Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market
Definition
3.1.2. Market
Segmentation
3.2. Market
Share Analysis
3.3. Market
Dynamics
3.3.1. Drivers
3.3.1.1. Rising
Demand for Disposable Medical Device Sensors in Homecare and Clinical Settings
3.3.1.2. Increasing
Incidence of Hospital Acquired Infections (HAIs)
3.3.2. Restraints
3.3.3. Stringent
Regulatory Approval Procedures
3.3.4. Opportunities
3.3.4.1. New
Product Developments through Technological Advancements in Sensors
3.4. Industry
Trends
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About Crystal Market Research
Crystal
Market Research is a U.S. based market research and business intelligence
company. Crystal offers one stop solution for market research, business
intelligence, and consulting services to help clients make more informed
decisions. It provides both syndicated as well as customized research studies
for its customers spread across the globe. The company offers market
intelligence reports across a broad range of industries including healthcare,
chemicals & materials, technology, automotive, and energy.
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