Healthcare Industry Disposable Medical Sensors Market Trends, 2020 | Page 2

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On the basis of technologies, the overall industry is divided into biosensors, image sensors, pressure sensors,
accelerometers, temperature sensors, and others. Biosensors may dominate the worldwide industry because of
applications in monitoring & diagnostics devices, like blood glucose monitors and cardiac pacemakers. The
market for image sensors can expand at a remarkable CAGR in the years to come. Rapid progress of this
segment owes to demand for CMOS image sensors and popularity of optical fiber technology.
Based on applications, the Disposable Medical Sensors Market is trifurcated into diagnostics, therapeutics, and
patient monitoring. In 2013, highest demand for disposable medical sensors was from the diagnostics segment.
Prevalence of chronic disorders and a rapidly growing geriatric population are factors that are responsible for
its growth. It is anticipated that the patient monitoring segment will register a high CAGR over the forecast
period. Key drivers are demand for portable medical devices and high incidence of diseases, such as diabetes
and cancer.
Regions in the global disposable medical sensors industry are Europe, Asia Pacific, North America, and Rest of
the World. North America dominated the overall industry in 2013. This region is fueled by well developed
medical infrastructure, high incidence of hospital acquired infections, and presence of numerous public &
private funding programs. Europe could be the second largest industry over the forecast period. High usage rate
of diagnostic & patient monitoring medical devices is a chief regional driver. However, Asia Pacific may witness
robust growth from 2014 to 2020 because of steady improvements in healthcare infrastructure and several
unmet medical needs.
Companies in the global industry are Smiths Medical; Honeywell International Inc.; GE Healthcare; Given
Imaging; and Medtronic among others. A team of researchers from MIT and from Brigham & Women’s Hospital
has developed an ingestible electronic device that helps monitor physiological conditions and even deliver
drugs. It is a tiny voltaic cell that can be sustained by acidic fluids in the patient’s stomach. This system
generates sufficient power for drug delivery devices and small sensors to run in the gastrointestinal tract over
long periods.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/medical-
devices-industry
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