Market Research Reports- Consulting Analysis Crystal Market Research Disposable Medical Device Sensors Market by Produc | Page 2

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.
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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.
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.
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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 and
Sensirion AG.
Key Findings of the Research Study: