Disposable Medical Sensors Industry is Led by the Biosensors Category
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In 2023, the disposable medical sensors market was valued at $10.6 billion, and it is expected to grow at a compound annual growth rate of 17.8%, reaching $33.2 billion by 2030. This industry expansion is driven by technological advancements, the increasing need for health data monitoring globally, and more affordable medical devices. The rising prevalence of chronic diseases will further fuel the demand for disposable medical sensors.
Frontiers in Public Health reports that chronic non-infectious diseases account for nearly 80% of deaths among individuals aged 60 in China, with ischemic heart disease, stroke, chronic obstructive pulmonary disease, and type 2 diabetes being the most prevalent.
Biosensors dominate the market, used to identify analytes, collect biological data through a physiochemical sensor, and measure signals from the analyte. Innovations such as Philips' next-generation screening biosensor enhance care quality by continuously and automatically measuring vital signs like skin temperature, respiratory rate, and heart rate.
Image sensors are expected to grow significantly in the coming years. These sensors play a crucial role in converting light waves into signals and creating images, making them essential in electronic imaging devices and diagnostic tools. Their primary applications include endoscopies, X-ray imaging, and minimally invasive surgeries, all of which are increasing in volume.
North America leads the disposable medical sensors market, benefiting from a well-established healthcare infrastructure, high healthcare spending, the presence of key players, and rapid adoption of innovative technologies. The region's market is also driven by the quick uptake of patient health tracking and homecare devices, which help reduce hospital visits.
The Asia-Pacific region is projected to experience the fastest growth, mainly due to the rising incidence of cardiac diseases. Additionally, China and India have the largest diabetic populations globally, boosting the sales of blood glucose test strips in healthcare centers and among patients. Increasing healthcare investments in the region also contribute to the growing demand for wearable health monitors.
The global demand for disposable medical sensors is rising due to the increasing need for health data monitoring, a trend that is expected to continue in the coming years.
