The Disposable Medical Devices Sensors Market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. These sensors are used for the identification of disease causing microbes such as virus, bacteria, and fungi. Disposable medical devices sensors are scanning devices used for diagnosis, therapeutics, and monitoring of patients suffering from diseases.
The Disposable Medical Devices Sensors Market accounted to USD 34.3billion in 2016 growing at a CAGR of 10% during the forecast period of 2017 to 2024.
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Major market drivers and restraints:
- Increasing prevalence of diabetes and other infectious diseases
- Rising healthcare costs
- Government Initiatives for research and development
- Technological developments
- Rising awareness about therapeutic applications of medical sensors
- Low Reimbursement Policies
Market Segmentation: Global Disposable Medical Devices Sensors Market
By product type the disposable medical devices sensors devices market is segmented into disposable medical devices sensors system andconsumables. The consumables segment is further segmented intocatheter tube, guide wires, balloons, contrast media injectors, vascular closure devices andaccessories.
On the basis of application the market is segmented into biosensors, temperature sensors, pressure sensors, accelerometers, image sensors, and others. By application,the market is segmented intoPatient monitoring, Diagnostics, and therapeutics. Patient monitoring is further segmented into Smart Pill and Pulse Oximeter. Diagnostics is segmented into capsule endoscope and blood glucose strip. Therapeutics is segmented into insulin Pump and dialysis.
On the basis of geography, disposable medical devices sensors devicesmarket report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, andBrazil among others. In 2017, North America is expected to dominate the market.
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Competitive Analysis: Global Disposable Medical Devices Sensors Market
The disposable medical devices sensors devices market is highly fragmented and is based on new product launches and clinical results of products. Hence the major disposable medical devices sensors devices market players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
Major Market Competitors: Global Disposable Medical Devices Sensors Market
Some of the major players operating in disposable medical devices sensors devices market are Medtronic plc., GE Healthcare, Philips N.V., Smiths Medical, TE Connectivit, Freescale Semiconductors, Inc., Omnivision Technologies, Inc., STMicroelectronics, Analog Devices, Inc., and Honeywell International, Inc.,among others.
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