Fitness Trends Disposable Medical Sensors Market | Page 3

product innovations. For instance, True Wearables, Inc., a medical device start-up based in
California, introduced Oxxiom, world’s first wireless, continuous and fully disposable single
pulse oximeter in January 2016 that measures arterial oxygen saturation, perfusion index and
pulse rates. Moreover, rising prevalence of patients suffering with chronic diseases such as
Type-1 diabetes that demand continuous monitoring of blood glucose levels are expected to
propel growth of the region in the global market. According to the American Diabetes
Association 2015, around 1.25 million children and adults in the U.S. suffered from diabetes.
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Competitive Insights
Key players operating in the global disposable medical sensors market include Medtronic Plc,
Koninklijke Philips N.V., GE Healthcare, FreeScale Semiconductors, Omnivision Technologies,
Inc., Smiths Medical, Analog Devices, Inc., Honeywell International, Inc., and others. Market
players are focused towards providing technologically advanced products to sustain their
presence in the market. For instance, in October 2014, Sensirion AG introduced a disposable
liquid flow sensor solution for medical devices that provides compact and cost-effective solution
for safer and reliable automatic drug delivery at hospitals and home based settings.
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