Disposable Medical Device Sensors Market: Evolution
Advancements in sensor technologies and increasing trend of integration of those with medical devices have driven the evolution of the disposable medical device sensors market. Disposable sensors notably based on MEMS technologies are entering the market to meet wide spectrum of needs of diagnostics and therapeutics in the healthcare industry. New ways for embedding MEMS sensors have moved past the pilot studies to development of medical devices to cater to the demand for products in the healthcare and wellness industry. A case in point is growing research in digital signal processing which embedded intelligence.
Sensors are growing in demand for manufacturers of home-based medical care devices. These devices are gathering traction for monitoring of chronic conditions. Advanced data analytics technologies and measurement platforms have extended the horizon for sensor developers in the disposable medical device sensors market. Further, disposable sensing devices are increasingly being incorporated in several medical diagnostics in hospital settings.
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Disposable Medical Device Sensors Market: Drivers, Current Prospects, Lucrative Avenues
The rise in medical screening and diagnostic applications is a key trend spurring the growth prospects in the disposable medical device sensors market. The strides being made by wearable device development will create new frontiers in the near future. They have grown in acceptance in various countries due to the reliability of these in continuous monitoring of vital parameters without hampering privacy of the target population. Furthermore, the advances in the wireless technologies such as high-performance devices with low power requirements have fueled the demand in the disposable medical device sensors market.
The past few years have witnessed extensive R&D in diagnostic MEMS sensors. These are gaining traction for range of healthcare applications such as cholesterol monitoring, pregnancy monitoring, and DNA analyses. Concurrently, their increasing adoption has boost clinical intervention and care for the target population at home, thereby opening up lucrative avenues for players in the disposable medical device sensors market.
Rise in incidence of chronic diseases notably cardiovascular and neurological conditions is a key trend bolstering the prospects in the disposable medical device sensors market. The wearable medical devices presents players with massive opportunities. MEMS-based sensors are being incorporated with non-invasive wearable platforms used for management of sexual disorders.
Disposable Medical Device Sensors Market: Competition Landscape
Players in the disposable medical device sensors market have benefited from the increasing trend of miniaturization of electronics. In recent years, many wearable manufacturers have spent on pilot studies that integrated accelerometers and gyroscopes with flexible and lightweight electronics. A few of the players have conducted studies on evaluating the clinical benefits of disposable medical devices for Parkinson’s disease (PD) assessment. For instance, a slew of studies focused on postural control in Parkinsonian subjects. Another incredible revenue streams for key players stem from the clinical promise of medical devices in analysing gait for patients with neurological conditions.
Some of the key players in the disposable medical device sensors market are Nuova GmbH, Medical Sensors India Pvt. Ltd., Will Semiconductor Co., Amphenol Corporation, Sensirion AG, Koninklijke Philips N.V., Honeywell International Inc., TE Connectivity, General Electric Company, Texas Instrument, and Abbott.
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Disposable Medical Device Sensors Market: Regional Landscape
The focus on making low-cost and easy-to-use medical sensing devices to manage chronic diseases is a key trend spurring the growth prospects of Asia Pacific in the global disposable medical device sensors market. The prevalence of chronic diseases and the acceptance of disposable sensor-enabled medical devices in neurological disorders are factors propelling the growth avenues of the Asia Pacific disposable medical device sensors market. North America and Europe have also been lucrative markets. Extensive research on smart sensor technologies have enriched the market landscape in these regions.
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