Disposable Medical Sensors Market Projection, Technological Innovation And Emerging Trends 2030

According to P&S Intelligence, the market revenue will grow from $4.5 billion in 2016 to $8.9 billion by 2023.

The Centers for Disease Control and Prevention (CDC) propounds that nearly 1 in 31 hospitalized patients in the U.S. fall prey to at least one healthcare-associated infection (HAI) at any given day. Furthermore, the European Centre for Disease Prevention and Control (ECDC) estimates that nearly 8.3% of the patients admitted to intensive-care units (ICUs) for over two days in European hospitals were infected by at least one ICU-acquired HAI, such as bloodstream infection, urinary tract infection (UTI), and pneumonia, in 2017.

To reduce the incidence of such infections, governments and private companies are focusing on the development of sensory monitoring devices. Owing to this reason, the disposable medical sensors market will accelerate at a healthy CAGR of 10.4% during 2017–2023.  Moreover, the burgeoning demand for low-cost medical equipment will also facilitate the adoption of disposable medical sensors.

Get More Insights: Disposable Medical Sensors Market Revenue Estimation and Growth Forecast Report

Furthermore, the Asia-Pacific (APAC) region is expected to adopt a significant quantity of disposable medical sensors in the upcoming years. This will be on account of the mounting healthcare expenditure, soaring cases of chronic ailments, and increasing adoption of advanced technologies in the region. For instance, the International Diabetes Federation (IDF) forecasts that, by 2030, India will be home to around 100,956,400 diabetic patients in the age group 20–79 years. Additionally, the mounting focus of governments on RD in the medical sector will also fuel the adoption of such sensors in the region.

Therefore, the rising cases of HAIs and surging prevalence of chronic diseases are expected to encourage the adoption of disposable medical sensors.

 


Brett Lee

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