According to a new market report by Lucintel, the future of the global
disposable medical device sensor market looks promising with opportunities in the healthcare industry. The global disposable medical device sensor market is expected to grow with a CAGR of 10% from 2020 to 2025. The major growth drivers for this market are increasing healthcare expenditure, government provisions for R&D activities, and acceptance of the sensor technology in developing economies.
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In this market, biosensor, image sensor, and accelerometer sensor are the major products. Lucintel forecasts that the image sensor segment will witness the highest growth during the forecast period due to demand for Complementary Metal-Oxide Semiconductor (CMOS) image sensor and the introduction of cost-effective products, such as fiber optics which are used in endoscopes.
Within this market, capsule endoscope and blood glucose strip are the major diagnostics.
North America will remain the largest region over the forecast period due to the technological advancement in innovative sensor development and high adoption rate of sensor-based devices in the region.
Emerging trends, which have a direct impact on the dynamics of the industry, include growing trend towards miniaturization and utilization of medical sensor-based devices in home care settings. Medtronic plc, GE Healthcare, Philips N.V., Smiths Medical, TE Connectivity, NXP, Omnivision Technologies, Inc., STMicroelectronics, Analog Devices, Inc., and Honeywell International, Inc. are among the major manufacturers of the disposable medical device sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global disposable medical device sensor market by product, monitoring, diagnostics, and region. Lucintel has prepared a comprehensive research report entitled
“Growth Opportunities in the Global Disposable Medical Device Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global disposable medical device sensor market by product, monitoring, diagnostics, and region as follows:
By Product [$M shipment analysis for 2014 – 2025]:
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Biosensor
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Image Sensor
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Accelerometer Sensor
By Monitoring [$M shipment analysis for 2014 – 2025]:
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Smart Pill
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Pulse Oximeter
By Diagnostics [$M shipment analysis for 2014 – 2025]:
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Capsule Endoscope
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Blood Glucose Strip
By Region [$M shipment analysis for 2014 – 2025]:
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North America
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United States
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Canada
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Mexico
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Europe
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Asia Pacific
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China
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Japan
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India
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South Korea
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Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at
helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
