Disposable Medical Sensors Market Size, Share, and Trends 2024 to 2034

Disposable Medical Sensors Market (By Application: Therapeutic, Diagnostic, Patient Monitoring; By Product: Pressure Sensors, Biosensors, Temperature Sensors, Accelerometers, Image Sensors, Others; By Type: Wearable Sensors, Strip Sensors, Invasive Sensors, Implantable Sensors, Ingestible Sensors) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032

  • Last Updated : January 2024
  • Report Code : 2507
  • Category : Healthcare

The global disposable medical sensors market size was evaluated at USD 12 billion in 2023 and is projected to hit around USD 42.55 billion by 2032, growing at a CAGR of 15.1% during the forecast period from 2023 to 2032.

Disposable Medical Sensors Market Size 2023 To 2032

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Key Takeaways

  • On the basis of geography, the North America region will likely dominate the market and captured more than 42% revenue share in 2022.
  • On the basis of application, the diagnostic segment dominates the market and captured more than 40% of the revenue share in 2022. 
  • On the basis of product, the biosensors segment contributed more than 50% of revenue share in 2022. 
  • On the basis of type, the strip sensors segment led the market and captured more than 39% in 2022.

Disposable Medical Sensors Market in the U.S. 2023 To 2032

The U.S. disposable medical sensors market size was valued at USD 8.38 billion in 2023 and is expected to reach USD 30.18 billion by 2032, growing at a CAGR of 15.30% from 2023 to 2032.

U.S. Disposable Medical Sensors Market Size 2023 to 2032

The disposable medical device sensors market has been categorized geographically into Asia-Pacific, North America, Latin America, Europe, the Middle East, and Africa. Throughout the projection period, North America will likely dominate the global disposable medical device sensors market and generated more than 42% revenue share in 2022. Diagnostic applications frequently employ disposable wearable sensors due to their numerous advantages, including cost-effectiveness, the convenience of use, non-infectious nature, and speedier findings, which further add to market expansion. Developing sensors and better healthcare I.T. infrastructure will help drive this market. The European market, dominated by Germany, France, and the United Kingdom, makes up a sizeable percentage of the disposable medical device sensors market after North America.

Due to the increased frequency of chronic illnesses and patient pools, Asia-Pacific will likely experience a significant growth rate during the projected period. Another factor contributing to the region's economy is medical tourism and improved healthcare infrastructure. The market is anticipated to grow due to the early adoption of new technologies in biomedical device sensors.

Disposable Medical Sensors Market Share, By Region, 2022 (%)

Regions Revenue Share in 2022 (%)
Asia Pacific 23%
North America 42%
Europe 25%
Latin America 7%
MEA 3%

 

Disposable Medical Sensors Market Overview

The introduction of implantable sensors and ongoing technological developments in medical sensors such as wireless, disposable, and biosensors used in various monitoring and diagnosing systems are likely to propel the disposable medical sensors market over the forecast years.

Additionally, the market will likely grow in the next years due to the rising incidence of chronic diseases and the rising need for medical sensors for at-home treatment. Additionally, government initiatives to promote R&D and the increased adoption of biosensors will likely fuel the market during the anticipated period.

Some limitations and difficulties may prevent the market from expanding. Strict government rules on validation, safety standards for diagnostic medical sensors certification, and unfavorable reimbursement practices are likely to impede market expansion.

Disposable Medical Sensors Market Scope

Report Coverage Details
Growth Rate from 2023 to 2032 CAGR of 15.1%
Market Size in 2023 USD 12 Billion
Market Size by 2032 USD 42.55 Billion
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered By Application, By Product, and By Type
Regions Covered North America, Europe, Asia-Pacific, Latin America and Middle East & Africa


Disposable Medical Sensors Market Dynamics

The market will grow as sensing devices become more widely used in daily healthcare requirements at homes and hospitals to diagnose and cure various illnesses and conditions. Additionally, the market for disposable medical device sensors is likely to grow due to the rise in chronic diseases like cancer and cardiovascular disease and other conditions like diabetes and new infectious diseases. The players will have a tremendous opportunity for growth due to the developing world's burgeoning economies. Smart pill technology sensors will offer immense growth opportunities for businesses as numerous top industry players collaborate and invest to launch cutting-edge products.

Consumers also chose contact-free testing and treatment technology, as well as healthcare options offered in the comfort of their own homes. A study predicts that the usage of at-home diagnostic tools will triple in 2020 compared to 2019. The number of incidents and worst-case scenarios grew, along with the demand for medical instruments, including pulse oximeters, monitors of blood pressure, digital thermometers, glucometers, and IoT devices for the healthcare industry.

Impact of Covid-19

The COVID-19 epidemic has led to a rise in the demand for medical sensors that are disposable. The high virulence of the COVID-19 virus is largely to blame for the enhanced control measures for infection in hospital settings. Additionally, the growing need for disposable medical sensors is a result of people's greater knowledge of easy and efficient methods for obtaining test results more quickly.

The COVID-19 epidemic has changed consumer expectations and priorities, with a current emphasis on using technology and contact-free therapy. As a result, customers select remote healthcare services more frequently, doing so from the comfort and security of their own homes.

Additionally, the present pandemic has prompted scientists from all over the world to race to create dependable and effective new biosensor-based procedures for the early detection of SARS-CoV-2 due to the growth in disposable medical sensor demand.

Application Insights

The diagnostic segment dominates the market and generated more than 40% of the revenue share in 2022. Various diagnostic tools, including surgical instruments, spirometry, endoscopy, and medical imaging devices, use disposable medical sensors. The sensors improve the diagnostic tools and catch the disease early on. For instance, biosensors based on carbon nanotubes are used to find microbes like S. aureus and E. coli. Because of the sensors' technological advancements, which include high speed and low cost, results are now quicker and more accurate. Additionally, the diagnostic industry is experiencing growing potential because of wireless connectivity and integrated biosensors.

Diagnostic testing is necessary to look for symptoms and illness signs in people with chronic diseases like diabetes. Many tools are available for tracking activities and keeping an eye on patient health hazards. For example, in October 2020, STMicroelectronics and AlifaxS.r.l., a producer of clinical diagnostic equipment, collaborated to develop a cost-effective and speedy portable solution to boost genetic material (DNA1 and RNA) for diagnostic detection that is molecular point-of-care in patient samples using extremely reliable real-time Polymerase Chain Reactions (PCR). Alifax will make this solution available.

The patient monitoring segment will likely grow at the greatest CAGR during the forecast period. Blood pressure monitors, pulse oximeters, and other patient monitoring devices use medical sensors. The demand for medical sensors is growing due to improved technology and a growing need for better monitoring tools. New product introductions are also raising the standard of care. For instance, Philips is planning to introduce a biosensor of the next generation for monitoring that would continually and automatically record vital indications, including heart rate, skin temperature, and breathing rate.

Furthermore, demand for these devices will likely rise during the forecast period due to the numerous benefits of these sensors. Collaboration between businesses and increased R&D spending is likely to spur industry expansion. For instance, Rockley Photonics Holdings Limited recently declared that it would collaborate with Medtronic on future projects in March 2022. Together, the two companies hope to apply Rockley's recently unveiled Bioptx biomarker detection technology with Medtronic's solutions in various healthcare contexts.

Product Insights

Based on products the market is segmented into Pressure Sensors, Biosensors, Temperature Sensors, Accelerometers, and Image Sensors, Others owing to surging demand for a rapid and reliable diagnosis. These sensors are widely used in the diagnosis and monitoring of the patient. The biosensors segment generated more than 50% of the revenue share in 2022. Moreover, surging innovation and an increasing need for quick diagnosis are propelling the growth of the segment. 

The image sensor is also likely to acquire the highest growth during the upcoming years. These sensors are widely used in endoscopy as it uses light waves and converts it into signals in order to form an image. The image sensors are further bifurcated into two types’ charge-coupled devices (CCD) and complementary metal oxide semiconductors (CMOS). The CMOS are preferred over CCD as it requires less power. CMOS is commonly used in x-ray imaging, minimally invasive surgery, endoscopy, and ocular surgery. Furthermore, the surging advancement of technology coupled with the growing requirement for higher resolution is propelling the development of the industry. 

Type Insights

With a market share of more than 39% in 2022, the strip sensors segment led the industry. The main applications for strip sensors are magnetic nanoparticles, illness diagnosis, and blood glucose monitoring. Due to rising demand and its use in diagnostic applications, the strip sensors category has the biggest market share. Utilizing strip sensors has the added advantage of producing results more quickly. Additionally, the industry is being driven by consumer demand for home-based medical gadgets and self-diagnosis tools.

Disposable Medical Sensors Market Share, By Type, 2022 (%)

During the forecast period, the ingestible sensors market is anticipated to grow at the greatest CAGR. The term "ingestible sensor" refers to a tiny chip that is swallowed in the form of a capsule. The chip records any anomalies in the body and sends the information to an external device. These sensors are mostly employed in endoscopy, carefully regulated drug administration, and patient observation. Ingestible sensors are expanding due to the rising incidence of chronic diseases and the demand for invasive diagnostic procedures. Additionally, ingestible sensors produce more accurate data, which is projected to drive the market even further.

Ingestible sensors have many benefits, which will likely lead to an increase in demand over the forecast period. Market expansion is anticipated to be fueled by rising R&D expenditures and corporate partnerships. The FDA approved the use of two LINQ II implantable cardiac monitors with the AI algorithms AccuRhythmin in July 2021, according to Medtronic plc. All LINQ II implants in the United States will be able to employ the AI AccuRhythm algorithms once they are made available on the CareLink Network later this year.

Recent Developments

  • In 2021, in order to conduct the BinaxNOW COVID-19 investigation, Abbott received FDA Emergency Use Authorization (EUA). Self-antigen test kits are readily available without a prescription and have quick results.
  • In 2020, the MiniMed 770G was created by Medtronic, and its use was approved by the FDA. It is a hybrid loop system, and mobile applications make the results accessible.
  • In 2018, after receiving approval from the Food and Drug Administration, Smiths Medical announced the DeltaVen closed system catheter's US commercial release (FDA).

Key Companies and Strategies:

In order to begin mass manufacturing, producers of disposable medical sensors are moving more quickly to secure licenses for their goods. The market players are also using a range of strategies to strengthen their market positions, such as collaborations, product releases, product launches, and innovations like the creation of disposable medical sensor devices.

For instance, Hill-Rom disclosed that it paid EarlySense USD 30 million in February 2021 for its continuous contactless monitoring technology. This acquisition can help the business create the next generation of AI-based sensing technologies with an emphasis on the remote patient care market. In addition, Stryker purchased OrthoSensor, Inc. in May 2021. This was supposed to help the company gain market share in the field of joint replacement and musculoskeletal care.

Disposable Medical Sensors Market Companies

  • ACE Medical Devices
  • SSI Electronics
  • Smith’s Medical 
  • Sensirion AG Switzerland
  • GE Healthcare
  • Koninklijke Philips N.V.
  • Honeywell International Inc
  • Analog Devices, Inc. 
  • Medtronic
  • TE Connectivity
  • NXP Semiconductor

Segments Covered in the Report

By Application

  • Therapeutic
  • Diagnostic
  • Patient Monitoring

By Product

  • Pressure Sensors
  • Biosensors
  • Temperature Sensors
  • Accelerometers
  • Image Sensors
  • Others

By Type

  • Wearable Sensors
  • Strip Sensors
  • Invasive Sensors
  • Implantable Sensors
  • Ingestible Sensors

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)

Frequently Asked Questions

The global disposable medical sensors market size was accounted at USD 12 billion in 2023 and it is projected to reach around USD 42.55 billion by 2032.

The global disposable medical sensors market is poised to grow at a CAGR of 15.1% from 2023 to 2032.

The major players operating in the disposable medical sensors market are ACE Medical Devices, SSI Electronics, Smith’s Medical, Sensirion AG Switzerland, GE Healthcare, Koninklijke Philips N.V., Honeywell International Inc, Analog Devices, Inc., Medtronic, TE Connectivity, NXP Semiconductor and others.

The driving factors of the disposable medical sensors market are rising rates of chronic illnesses like cancer, acute myocardial infarction, and diabetes mellitus, particularly in the geriatric population, and the number of people undergoing postoperative rehabilitation worldwide and Technology advances and innovations in the development of point-of-care medical sensors for diagnosis and monitoring outside of hospitals.

North America region will lead the global disposable medical sensors market during the forecast period 2023 to 2032.

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Disposable Medical Sensors Market 

5.1. COVID-19 Landscape: Disposable Medical Sensors Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Disposable Medical Sensors Market, By Application

8.1. Disposable Medical Sensors Market, by Application, 2022-2032

8.1.1 Therapeutic

8.1.1.1. Market Revenue and Forecast (2022-2032)

8.1.2. Diagnostic

8.1.2.1. Market Revenue and Forecast (2022-2032)

8.1.3. Patient Monitoring

8.1.3.1. Market Revenue and Forecast (2022-2032)

Chapter 9. Global Disposable Medical Sensors Market, By Product

9.1. Disposable Medical Sensors Market, by Product, 2022-2032

9.1.1. Pressure Sensors

9.1.1.1. Market Revenue and Forecast (2022-2032)

9.1.2. Biosensors

9.1.2.1. Market Revenue and Forecast (2022-2032)

9.1.3. Temperature Sensors

9.1.3.1. Market Revenue and Forecast (2022-2032)

9.1.4. Accelerometers

9.1.4.1. Market Revenue and Forecast (2022-2032)

9.1.5. Image Sensors

9.1.5.1. Market Revenue and Forecast (2022-2032)

9.1.6. Others

9.1.6.1. Market Revenue and Forecast (2022-2032)

Chapter 10. Global Disposable Medical Sensors Market, By Type 

10.1. Disposable Medical Sensors Market, by Type, 2022-2032

10.1.1. Wearable Sensors

10.1.1.1. Market Revenue and Forecast (2022-2032)

10.1.2. Strip Sensors

10.1.2.1. Market Revenue and Forecast (2022-2032)

10.1.3. Invasive Sensors

10.1.3.1. Market Revenue and Forecast (2022-2032)

10.1.4. Implantable Sensors

10.1.4.1. Market Revenue and Forecast (2022-2032)

10.1.5. Ingestible Sensors

10.1.5.1. Market Revenue and Forecast (2022-2032)

Chapter 11. Global Disposable Medical Sensors Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Application (2022-2032)

11.1.2. Market Revenue and Forecast, by Product (2022-2032)

11.1.3. Market Revenue and Forecast, by Type (2022-2032)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Application (2022-2032)

11.1.4.2. Market Revenue and Forecast, by Product (2022-2032)

11.1.4.3. Market Revenue and Forecast, by Type (2022-2032)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Application (2022-2032)

11.1.5.2. Market Revenue and Forecast, by Product (2022-2032)

11.1.5.3. Market Revenue and Forecast, by Type (2022-2032)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Application (2022-2032)

11.2.2. Market Revenue and Forecast, by Product (2022-2032)

11.2.3. Market Revenue and Forecast, by Type (2022-2032)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Application (2022-2032)

11.2.4.2. Market Revenue and Forecast, by Product (2022-2032)

11.2.4.3. Market Revenue and Forecast, by Type (2022-2032)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Application (2022-2032)

11.2.5.2. Market Revenue and Forecast, by Product (2022-2032)

11.2.5.3. Market Revenue and Forecast, by Type (2022-2032)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Application (2022-2032)

11.2.6.2. Market Revenue and Forecast, by Product (2022-2032)

11.2.6.3. Market Revenue and Forecast, by Type (2022-2032)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Application (2022-2032)

11.2.7.2. Market Revenue and Forecast, by Product (2022-2032)

11.2.7.3. Market Revenue and Forecast, by Type (2022-2032)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Application (2022-2032)

11.3.2. Market Revenue and Forecast, by Product (2022-2032)

11.3.3. Market Revenue and Forecast, by Type (2022-2032)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Application (2022-2032)

11.3.4.2. Market Revenue and Forecast, by Product (2022-2032)

11.3.4.3. Market Revenue and Forecast, by Type (2022-2032)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Application (2022-2032)

11.3.5.2. Market Revenue and Forecast, by Product (2022-2032)

11.3.5.3. Market Revenue and Forecast, by Type (2022-2032)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Application (2022-2032)

11.3.6.2. Market Revenue and Forecast, by Product (2022-2032)

11.3.6.3. Market Revenue and Forecast, by Type (2022-2032)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Application (2022-2032)

11.3.7.2. Market Revenue and Forecast, by Product (2022-2032)

11.3.7.3. Market Revenue and Forecast, by Type (2022-2032)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Application (2022-2032)

11.4.2. Market Revenue and Forecast, by Product (2022-2032)

11.4.3. Market Revenue and Forecast, by Type (2022-2032)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Application (2022-2032)

11.4.4.2. Market Revenue and Forecast, by Product (2022-2032)

11.4.4.3. Market Revenue and Forecast, by Type (2022-2032)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Application (2022-2032)

11.4.5.2. Market Revenue and Forecast, by Product (2022-2032)

11.4.5.3. Market Revenue and Forecast, by Type (2022-2032)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Application (2022-2032)

11.4.6.2. Market Revenue and Forecast, by Product (2022-2032)

11.4.6.3. Market Revenue and Forecast, by Type (2022-2032)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Application (2022-2032)

11.4.7.2. Market Revenue and Forecast, by Product (2022-2032)

11.4.7.3. Market Revenue and Forecast, by Type (2022-2032)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Application (2022-2032)

11.5.2. Market Revenue and Forecast, by Product (2022-2032)

11.5.3. Market Revenue and Forecast, by Type (2022-2032)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Application (2022-2032)

11.5.4.2. Market Revenue and Forecast, by Product (2022-2032)

11.5.4.3. Market Revenue and Forecast, by Type (2022-2032)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Application (2022-2032)

11.5.5.2. Market Revenue and Forecast, by Product (2022-2032)

11.5.5.3. Market Revenue and Forecast, by Type (2022-2032)

Chapter 12. Company Profiles

12.1. ACE Medical Devices

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. SSI Electronics

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Smith’s Medical

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Sensirion AG Switzerland

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. GE Healthcare

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Koninklijke Philips N.V.

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Honeywell International Inc

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Analog Devices, Inc.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Medtronic

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. TE Connectivity

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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