Disposable Medical Sensors Market Is Projected To Grow Due To Government Initiatives Aimed At Reducing Central-Line Associated Bloodstream Infections Till 2020: Grand View Research, Inc.
Global disposable medical sensors market is expected to reach
USD 7,543.1 million by 2020, according to a new study by Grand View Research,
Inc. Increasing prevalence of HAIs (hospital acquired infections) and
government initiatives aimed at reducing central-line associated bloodstream
infections and surgical site infections in ward located and ICU patients are
expected to serve the market as high impact rendering drivers. Introduction and
subsequent rise in usage rates of novel technologies such as cancer tracking
sensors, Hba1c sensors and MEMS pressure sensors is expected to boost future
market growth.
Strip sensors dominated the
overall product segment in terms of revenue and were valued at USD 1,800.2
million in 2013. Increasing prevalence of chronic diseases such as diabetes,
cancer and cardiovascular disorders and the consequent rise in demand for
diabetes and cancer biomarkers strip sensors are some factors accounting for
its large share.
Global disposable medical
sensors market revenue, by product, 2013 - 2020, (USD Million)
Browse full research report on
Disposable Medical Sensors Market
Further key findings from the
report suggest:
- Image sensors
are expected to be a high growth segment over the forecast period owing to
the introduction of technology advancements such as optic fiber
technology; low power miniature CMOS image sensors and ZSRL image sensors.
These sensors enable medical imaging and endoscopy systems to function
with accuracy and therefore, help in effective diagnostic and therapeutic
interventions.
- Disposable
medical sensors based diagnostic applications dominated the overall market
with revenue estimated at over 1,700.0 million in 2013. Increasing demand
for point of care diagnoses such as i-stats, biosensors for the diagnosis
and monitoring of glucose levels in emergency rooms is expected to drive
the market during the forecast period.
- North America
dominated the global market, accounting for over 35% of total revenue in
2013 on account of the presence of sophisticated healthcare infrastructure
and growing R&D spending for the development of miniaturized and
convenient medical sensors.
- Asia Pacific
disposable medical sensors market is expected to grow at a CAGR of over
11.0% over the next six years, which is the highest among all regions.
Increasing demand for home healthcare biosensors and improving healthcare
infrastructure in emerging countries such as China and India are some
factors contributing to its rapid growth.
- Some key
players of disposable medical sensors include Honeywell International,
Inc, Covidien Plc, STMicroelectronics, Given Imaging, Inc., GE Healthcare,
Medtronic, Freescale Semiconductor, Inc., Philips Healthcare, Analog
Devices, Smiths Medical, Measurement Specialties and Sensirion AG.
About Grand View Research,
Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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