Disposable medical sensors are portable and cost-effective scanning devices used to diagnose and monitor various diseases. These devices function by measuring vital human parameters such as body temperature, breathing, and heart rates. Over the years, the disposable medical sensors have evolved in terms of features, performance, and characteristics. This is due to the continuous improvements in R&D of electronics in pharmaceutical and medical field. Furthermore, the advent of micro-electronics (MEMS) and high adoption of biosensors has played a significant role in the evolution of sensors in healthcare.
Rise in adoption of biosensors, growth in demand of disposable image and wearable sensors, introduction of implantable sensors for preclinical drug research, and technological advancements in sensors such as capsule endoscopes and ultrasonic imaging systems drive the global disposable medical sensor market. However, stringent government regulations and unfavorable reimbursement policies restrain the market growth.
The ingestible sensor segment of disposable medical sensor market by placement type is expected to register the highest CAGR of 11.0% throughout the forecast period. This is owing to the rise in the development of sophisticated sensors for the treatment of various diseases especially diabetes. In addition, many key players have undergone acquisitions and product development to cater to the demand for disposable medical sensor. The implantable sensor accounted for about two-ninths of the total share in 2016, and is anticipated to maintain this trend from 2017 to 2023.
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