The Europe Disposable Medical Sensor Market would witness market growth of 16.5% CAGR during the forecast period (2022-2028).
The extensive use of disposable medical sensors is mainly because of their ease of use and affordability. Therefore, for single-shot and short-term evaluations, these are the most preferred devices. These low-cost sensors allow important analytical information anywhere and by anyone and at any time. The measurements produced by these are accurate and the devices itself does not need any recalibration. Since these devices are closed there are minimal to no chances of any form of contamination.
The demand for these disposable medical sensors is also increasing because of the need for testing out of laboratories, in resource-limited settings, or at the point of need. Apart from the healthcare industries, disposable medical sensors are also used in industries where price and usability matter the most like in food and environment monitoring sectors. In addition, many medical sensor devices are already in use as household items like blood glucose meters or pregnancy tests.
Non-communicable diseases, Aging populations, multimorbidity, and frailty in Europe made COVID-19 relevant. A regional survey found that Finland, Portugal, Italy, Greece, and Germany had the most elderly citizens. In these countries, older adults have disabilities on average, according to the survey. The region's CVD burden goes beyond mortality. Rising hospitalization rates suggest CVD costs are increasing. Differences in regional discharge rates indicate the availability and performance of healthcare services and the burden of CVD.
The Germany market dominated the Europe Disposable Medical Sensor Market by Country in 2021; thereby, achieving a market value of $1,714.5 million by 2028. The UK market is anticipated to grow at a CAGR of 15.5% during (2022 - 2028). Additionally, The France market would witness a CAGR of 17.4% during (2022 - 2028).
Based on Type, the market is segmented into Strip Sensors, Wearable Sensors, Implantable Sensors, Invasive Sensors, and Ingestible Sensors. Based on Application, the market is segmented into Diagnostic, Therapeutic, and Patient Monitoring. Based on Product, the market is segmented into Biosensors, Pressure Sensors, Accelerometers, Temperature Sensors, Image Sensors, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Disposable Medical Sensor Market will Hit $25.4 Billion by 2028, at a CAGR of 16.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, Honeywell International, Inc., Analog Devices, Inc., ICU Medical, Inc. (Smiths Medical), Koninklijke Philips N.V., General Electric (GE) Co. (GE Healthcare), TE Connectivity Ltd., NXP Semiconductors N.V., Sensirion AG, and ACE Medical Devices Pvt. Ltd.
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