According to a new report, published by KBV research, The Global Disposable Medical Sensor Market size is expected to reach $25.4 billion by 2028, rising at a market growth of 16.8% CAGR during the forecast period.
The Wearable Sensors segment is showcasing a CAGR of 17% during (2022 - 2028). Wearable sensors when used with actuators and present information and communication technologies offer a cost-effective and highly efficient solution for remote monitoring. This enables many elderly patients to be comfortable in their home care settings rather than being in the hospital. These also allow the monitoring of patients’ vitals in real-time by healthcare personnel.
The Diagnostic segment is leading the Global Disposable Medical Sensor Market by Application in 2021 thereby, achieving a market value of $10.3 billion by 2028. These sensors are primarily employed in diagnostic devices like endoscopy, surgical tools, medical imaging devices, and spirometry. The use of these sensors also facilitates the early diagnosis of diseases. The advancements made in diagnostic sensors have made them able to even detect microorganisms.
The Pressure Sensors segment has shown the growth rate of 17.1% during (2022 - 2028). These sensors are mainly used in devices where it is necessary to maintain the pressure during treatment like in ventilators. As such, these have become quite an important component of medical care. These provide stable and accurate measurements of liquids and gas’ critical levels. More developments in these sensors are expected to increase their sophistication so that they can be used in miniature medical devices.
The North America market dominated the Global Disposable Medical Sensor Market by Region in 2021; thereby, achieving a market value of $10.1 billion by 2028. The Europe market is exhibiting a CAGR of 16.5% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 17.7% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/disposable-medical-sensor-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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