The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s disposable medical devices sensors market report forecasts the disposable medical devices sensors market size to grow to $11.77 Billion by 2027, with a CAGR (compound annual growth rate) of almost 9%.

Learn More On The Disposable Medical Devices Sensors Market Report 2023 – https://www.thebusinessresearchcompany.com/report/disposable-medical-devices-sensors-global-market-report

Disposable Medical Devices Sensors Market Size Forecast
The global disposable medical devices sensors market is expected to grow from $7.67 billion in 2022 to $8.36 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The disposable medical devices sensors market size is expected to grow to $11.77 billion in 2027 at a CAGR of 8.9%.

North America held the largest disposable medical devices sensors market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Disposable Medical Devices Sensors Market Driver ­– Rise In The Incidence Of Chronic Illnesses
For instance, according to the key facts published in September 2022 by the World Health Organization (WHO), a UN agency responsible for international public health, noncommunicable diseases (NCDs) result in the death of 41 million people each year, which is similar to 74% of all deaths worldwide and cardiovascular diseases result in most NCD deaths with 17.9 million people every year. Therefore, the rising incidence of chronic illnesses will drive the growth of the disposable medical device sensors market.

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Key Disposable Medical Devices Sensors Market Trend – Advancements In Technology In Sensor Devices
Major companies operating in the disposable medical devices sensors market are focusing on incorporating advanced technologies including the emergence of new monitoring techniques. Such advancements enable players to gain a competitive edge in the market. For instance, in June 2022, Medtronic Plc, an American medical device company presented the latest data from Europe and Chile and clinical data on its MiniMed 780G system with the advanced Guardian Sensor 3 for insulin delivery at the American Diabetes Association (ADA) 82nd Scientific Sessions. All data showed improved user experience with the Guardian Sensor 3 which uses SmartGuard Technology. Guardian Sensor 3 enables different levels of automation suiting the lifestyle. The sensor may also be used as part of the MiniMed 780G system for people living with Type 1 diabetes age 7 and more and whose total daily dose of insulin is 8 units or more per day.

Disposable Medical Devices Sensors Market Segment
1) By Product Type: Biosensors, Temperature Sensors, Pressure Sensors, Accelerometers, Image Sensors, Consumables
2) By Application: Patient Monitoring, Diagnostics, Therapeutics

Disposable Medical Devices Sensors Market Major Players and Strategies
Major players in the disposable medical devices sensors market are Medtronic PLC., Stmicroelectronics NV, Honeywell International Inc., TE Connectivity, Smiths Medical Inc., GE Healthcare, Philips Healthcare, NXP Semiconductors, Analog Devices Inc., Omnivision Technologies Inc., Qualcomm Technologies Inc., Renesas Electronics Corporation, Texas Instruments Incorporated, Sensirion AG, and Nuova GmbH.

In January 2021, Stryker, a US-based disposable medical devices and equipment manufacturing company acquired OrthoSensor for an undisclosed amount. with this acquisition, Stryker will be able to innovate and advance smart sensor technologies including intraoperative sensors, wearables, and smart implants across the joint replacement business. OrthoSensor is a US-based sensor technology company.

The Disposable Medical Devices Sensors Global Market Report 2023 covers regional data on disposable medical devices sensors market size, disposable medical devices sensors market trends and drivers, opportunities, strategies, and disposable medical devices sensors market competitor analysis. The countries covered in the disposable medical devices sensors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The disposable medical device sensors refer to portable handheld equipment used to diagnose, monitor, as well as treat physical attributes. The disposable medical device sensors are also referred to as handheld scanning devices intended for temporary use.

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