Disposable Medical Sensors Market Size, Share, Growth Analysis, By Product(Biosensor, Image Sensor, Accelerometer, Temperature Sensors), By Application(Patient Monitoring, Diagnostics, and Therapeutics), By Type(Strip Sensors, Wearable Sensors, Implantable Sensors, Invasive Sensors), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35A2845 | Region: Global | Published Date: April, 2024
Pages: 211 |Tables: 94 |Figures: 71

Disposable Medical Sensors Market Insights

Global Disposable Medical Sensors Market size was valued at USD 9.52 Billion in 2022 and is poised to grow from USD 11.28 Billion in 2023 to USD 43.7 Billion by 2031, growing at a CAGR of 18.45% in the forecast period (2024-2031).

According to the Indian Journal of Ophthalmology, the burden of diabetes is large and increasing globally and in developing countries like India, mainly due to rising prevalence of overweight/obesity and unhealthy lifestyles. India was estimated to have 77 Mn people with diabetes in 2019, and by 2045, that number is projected to increase to more than 134 million. As a result, the demand for disposable medical sensors at home is gaining growth in this segment, opening new market opportunities. Furthermore, this segment includes several leading companies in the global market for disposable medical sensors, helping to increase its market share.

The emergence of powerful and cost-effective disposables is driving the medical disposables market. There has been tremendous growth in this market in sensor-based devices over the years. These devices were developed in terms of performance and characteristics. In addition, the advent of microsystem technologies such as MEMS and SI-based sensors has revolutionized medical and medical electronics. Thus, effective sensors with greater accuracy, improved control and lower power consumption are now readily available.

Market Snapshot - 2024-2031

Global Market Size

USD 9.52 Billion

Largest Segment

Patient Monitoring

Fastest Growth

Diagnostics

Growth Rate

18.45% CAGR

Global Disposable Medical Sensors Market ($ Bn)
Country Share for North America Region (%)

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Disposable Medical Sensors Market Segmental Analysis

By product, the market is divided into biosensor, image sensor, accelerometer, temperature sensors, others. By application, the market is divided into patient monitoring, diagnostics, and therapeutics. By type, the market is divided into strip sensors, wearable sensors, implantable sensors, invasive sensors, ingestible sensors. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with its prominent countries.

Analysis by Product Type

By 2022, the biosensors segment will dominate the market with a share of over 49.70%. A biosensor is a sensor for the detection of an analyte. It collects organic compounds through a physicochemical detector. The signal from the analyzer is detected and measured. Biosensors are usually attached to electronics; the signal is picked up by the sensor and displayed on the device.

The image sensors segment is expected to expand at the highest CAGR during the forecast period. Image sensors use light waves and convert them into signals to create images and have high applications in the diagnostics segment. Image sensors are used in medical imaging devices such as endoscopes, and electronic cameras because these sensors are of two types, charge-coupled devices (CCD) and complementary metal-oxide semiconductors (CMOS).

Analysis by Application

The patient monitoring segment is dominating the market at the highest CAGR during the forecast period. Medical sensors are used in patient monitoring devices such as pulse oximetry and blood pressure monitors. The importance of medical sensors is increasing due to the increasing demand for advanced technologies and better monitoring devices. In addition, the introduction of new resources will increase the quality of care. For example, Philips will launch next-generation monitoring biosensors that will automatically measure vital signs such as skin temperature, heart rate and respiratory rate.

Diagnostics led the market and accounted for more than 39.38% of global revenue by 2022. Wearable medical sensors are used in various diagnostic devices such as surgical instruments, endoscopy, spirometry, and medical imaging devices. For example, S.S. Technological advances in sensors such as high speed and low cost enable faster and more accurate results. Furthermore, wireless communication with integrated biosensors provides opportunities for improvements in diagnostics.

Global Disposable Medical Sensors Market By Application (%), 2023 (%)

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Disposable Medical Sensors Market Regional Insights

North America dominated the market with the highest revenue share of 41.18% by 2022. This is due to established healthcare, high healthcare costs, presence of monopoly market players, and rapid adoption of state-of-the-art technologies. Global disposable medical sensors are the most developed in North America. During the period under review, accelerated deployment of monitoring devices and home monitoring devices is expected to monitor patients on a regular, ongoing and duration basis, as well as on the frequency of hospital visits and will sustain the market.

Asia Pacific is expected to witness the fastest growth rate in the global disposable medical sensors market during the forecast period. The increasing prevalence of heart disease in APAC has led to demand for disposable medical devices. In addition, China and India have the highest prevalence of diabetes in the world, making them the most affected countries. As the International Diabetes Federation (IDF) projected that by 2021, 90 million people (20-79) will have diabetes in the Southeast Asia (SEA) region, the numbers are expected to rise to 113 million and 152 million, respectively in 2030 and 2045, respectively.

Global Disposable Medical Sensors Market By Geography, 2024-2031
  • Largest
  • Fastest

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Disposable Medical Sensors Market Dynamics

Drivers

Increasing Prevalence of Chronic Diseases

  • Increasing incidence of chronic diseases such as diabetes, cardiovascular diseases and respiratory problems is driving the demand for disposable medical sensors. These sensors play an important role in patients with chronic condition forms of continuous monitoring and care. Continued technological advances in sensor technology, including miniaturization, improved accuracy, wireless connectivity, and data analytics capabilities are enhancing the functionality and efficiency of disposable medical sensors has increased and is therefore gaining acceptance in healthcare settings.

Growing Elderly Population

  • The elderly population worldwide is growing rapidly, leading to greater demand for health care and medical equipment. Disposable medical sensors are particularly valuable in geriatrics, where continuous monitoring of vital signs and health data is required. Increased emphasis has been placed on preventive health care aimed at early diagnosis and intervention. Disposable medical sensors provide simple, cost-effective monitoring of at-risk patients, complementing preventive healthcare strategies.

Restraints

High Cost

  • Even if designed for single use, disposable medical sensors can still contribute to overall healthcare costs, especially in resource-constrained settings. Cost considerations may drive adoption, especially in areas with limited health care budgets or coverage challenges.

Regulatory Constraints

  • Strict regulatory requirements including approval processes and compliance with ISO 13485 and FDA regulations pose challenges for manufacturers in launching medical sensors in the market. Overcoming these regulatory hurdles can increase growth and save time to market.

Accuracy and Reliability Concerns

  • Some stakeholders may have concerns about the accuracy, reliability, and stability of disposable medical sensors compared to sensors about frequent reuse. Addressing these concerns with rigorous testing, validation, and quality assurance measures is critical to market acceptance.

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Disposable Medical Sensors Market Competitive Landscape

The competitive environment of the Global Disposable Medical Sensors Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Established organizations within the industry leverage techniques inclusive of product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Additionally, the market is witnessing elevated opposition from local and neighborhood producers supplying cost-powerful options.

Top Player’s Company Profiles

  • SSI Electronics
  • ACE Medical Devices
  • Sensirion AG Switzerland
  • Smith’s Medical
  • Koninklijke Philips N.V.
  • GE Healthcare
  • Analog Devices, Inc.
  • Honeywell International Inc.
  • TE Connectivity
  • Medtronic
  • NXP Semiconductor
  • STMicroelectronics
  • OMNIVISION
  • First Sensor AG
  • Ambu A/S

Recent Developments

  • In April 2022, Variohm EuroSensor developed a new NTC thermistor specifically designed for use in medical devices and its main purpose is to sense small temperature changes in the body and the ambient temperature of the medical area scent.
  • In February 2022, Ensilica introduced the ENS62020, an ultra-low power healthcare sensor interface IC for monitoring vital signals in healthcare and wearable medical devices.
  • In February 2021, Hill-Rom disclosed that it paid EarlySense $30 million for its contactless continuous monitoring technology. With a focus on remote patient care services, the acquisition could help the company develop next-generation AI-based identification.

Disposable Medical Sensors Key Market Trends

  • Increasing Adoption of Wearable Sensors: There is a growing trend towards wearable and disposable medical sensors that can continuously monitor vital signs and health information. These wearable sensors provide convenience, comfort, and real-time capabilities for monitoring, making them particularly valuable for remote disease monitoring and chronic disease management The Internet of Things (IoT) and hybrid artificial intelligence (AI) technologies are driving innovation in disposable medical sensors. IoT-enabled sensors can wirelessly transmit patient data to healthcare providers, while AI systems can analyze this data to provide actionable insights and tailored healthcare recommendations for everyone.

Disposable Medical Sensors Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

Disposable Medical Devices Sensors Market is driven by factors such as rising healthcare expenditures, government sponsored R&D activities, adoption of sensor technology in developing countries. For example, Germany and France dominated the current healthcare sector the highest costs relative to GDP in 2019, according to Eurostat data released in December 2021. In Germany Current healthcare spending in 2019 is 403 billion euros, with a higher rate than each in the European member states. Current health expenditure in Germany and France is equal to 11.7 % and 11.1 % of gross domestic product (GDP), respectively, which is higher than any other EU Member States followed by the highest in Sweden (10.9%), Belgium (10.7%), Austria (10.4%), the Netherlands (10.2%) and Denmark (10.0%); None of the other EU countries recorded double figures. Thus, rising healthcare expenditure supports market growth during the forecast period.

Report Metric Details
Market size value in 2023 USD 9.52 Billion
Market size value in 2031 USD 43.7 Billion
Growth Rate 18.45%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Biosensor, Image Sensor, Accelerometer, Temperature Sensors, and Others
  • Application
    • Patient Monitoring, Diagnostics, and Therapeutics
  • Type
    • Strip Sensors, Wearable Sensors, Implantable Sensors, Invasive Sensors, and Ingestible Sensors
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • SSI Electronics
  • ACE Medical Devices
  • Sensirion AG Switzerland
  • Smith’s Medical
  • Koninklijke Philips N.V.
  • GE Healthcare
  • Analog Devices, Inc.
  • Honeywell International Inc.
  • TE Connectivity
  • Medtronic
  • NXP Semiconductor
  • STMicroelectronics
  • OMNIVISION
  • First Sensor AG
  • Ambu A/S
Customization scope

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  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Disposable Medical Sensors Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Disposable Medical Sensors Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Disposable Medical Sensors Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Disposable Medical Sensors Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Disposable Medical Sensors Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Disposable Medical Sensors Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Disposable Medical Sensors Market size was valued at USD 9.52 Billion in 2022 and is poised to grow from USD 11.28 Billion in 2023 to USD 43.7 Billion by 2031, growing at a CAGR of 18.45% in the forecast period (2024-2031).

The competitive environment of the Disposable Medical Sensors Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Established organizations within the industry leverage techniques inclusive of product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Additionally, the market is witnessing elevated opposition from local and neighborhood producers supplying cost-powerful options. 'SSI Electronics', 'ACE Medical Devices', 'Sensirion AG Switzerland', 'Smith’s Medical', 'Koninklijke Philips N.V.', 'GE Healthcare', 'Analog Devices, Inc.', 'Honeywell International Inc.', 'TE Connectivity', 'Medtronic', 'NXP Semiconductor', 'STMicroelectronics', 'OMNIVISION', 'First Sensor AG', 'Ambu A/S'

Increasing incidence of chronic diseases such as diabetes, cardiovascular diseases and respiratory problems is driving the demand for disposable medical sensors. These sensors play an important role in patients with chronic condition forms of continuous monitoring and care. Continued technological advances in sensor technology, including miniaturization, improved accuracy, wireless connectivity, and data analytics capabilities are enhancing the functionality and efficiency of disposable medical sensors has increased and is therefore gaining acceptance in healthcare settings.

Increasing Adoption of Wearable Sensors: There is a growing trend towards wearable and disposable medical sensors that can continuously monitor vital signs and health information. These wearable sensors provide convenience, comfort, and real-time capabilities for monitoring, making them particularly valuable for remote disease monitoring and chronic disease management The Internet of Things (IoT) and hybrid artificial intelligence (AI) technologies are driving innovation in disposable medical sensors. IoT-enabled sensors can wirelessly transmit patient data to healthcare providers, while AI systems can analyze this data to provide actionable insights and tailored healthcare recommendations for everyone.

North America dominated the market with the highest revenue share of 41.18% by 2022. This is due to established healthcare, high healthcare costs, presence of monopoly market players, and rapid adoption of state-of-the-art technologies. disposable medical sensors are the most developed in North America. During the period under review, accelerated deployment of monitoring devices and home monitoring devices is expected to monitor patients on a regular, ongoing and duration basis, as well as on the frequency of hospital visits and will sustain the market.

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