Asia Pacific Disposable Medical Sensor Market Size, Share & Industry Trends Analysis Report By Type (Strip Sensors, Wearable Sensors, Implantable Sensors, Invasive Sensors, and Ingestible Sensors), By Application, By Product, By Country and Growth Forecast, 2022 - 2028
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Get in-depth analysis of the COVID-19 impact on the Asia Pacific Disposable Medical Sensor Market
Market Report Description
The Asia Pacific Disposable Medical Sensor Market would witness market growth of 17.7% CAGR during the forecast period (2022-2028).
Technological developments, rising demand for tracking health data, and demand for affordable medical equipment are all considered to be contributing factors to the development of disposable medical sensors. This demand is further expected to increase as chronic diseases become more prevalent worldwide. Many studies have pointed out the increase in non-communicable illnesses (NCDs) like ischemic heart disease, chronic obstructive pulmonary disease (COPD), type 2 diabetes, and stroke.
The desire for higher global standards of healthcare and food safety has also accelerated the demand for sensors. The growing awareness of environmental sustainability, like decentralized monitoring of air and water pollution, are additional factors motivating the advancement of low-cost disposable sensors that have superior sensing capabilities.
Over half of the global population lives in the Asia Pacific, which bears a major share of infectious diseases (IDs), especially in poorer nations. The region has also experienced a rise in non-communicable diseases (NCDs) due to aging populations and lifestyle changes. COVID-19 highlighted a key milestone in the strategy for public health as the links between infectious diseases and non-communicable became more apparent. Higher disorder rates induced by the pandemic have made the public more aware of the dangers of high blood pressure and obesity.
The China market dominated the Asia Pacific Disposable Medical Sensor Market by Country in 2021; thereby, achieving a market value of $1,892.5 million by 2028. The Japan market is estimated to grow a CAGR of 17% during (2022 - 2028). Additionally, The India market would experience a CAGR of 18.4% during (2022 - 2028).
Based on Type, the market is segmented into Strip Sensors, Wearable Sensors, Implantable Sensors, Invasive Sensors, and Ingestible Sensors. Based on Application, the market is segmented into Diagnostic, Therapeutic, and Patient Monitoring. Based on Product, the market is segmented into Biosensors, Pressure Sensors, Accelerometers, Temperature Sensors, Image Sensors, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Disposable Medical Sensor Market is Projected to reach USD 25.4 Billion by 2028, at a CAGR of 16.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, Honeywell International, Inc., Analog Devices, Inc., ICU Medical, Inc. (Smiths Medical), Koninklijke Philips N.V., General Electric (GE) Co. (GE Healthcare), TE Connectivity Ltd., NXP Semiconductors N.V., Sensirion AG, and ACE Medical Devices Pvt. Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Strip Sensors
- Wearable Sensors
- Implantable Sensors
- Invasive Sensors
- Ingestible Sensors
By Application
- Diagnostic
- Therapeutic
- Patient Monitoring
By Product
- Biosensors
- Pressure Sensors
- Accelerometers
- Temperature Sensors
- Image Sensors
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Medtronic PLC
- Honeywell International, Inc.
- Analog Devices, Inc.
- ICU Medical, Inc. (Smiths Medical)
- Koninklijke Philips N.V.
- General Electric (GE) Co. (GE Healthcare)
- TE Connectivity Ltd.
- NXP Semiconductors N.V.
- Sensirion AG
- ACE Medical Devices Pvt. Ltd.
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