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Report ID: SQMIG35A2845
Report ID:
SQMIG35A2845 |
Region:
Global |
Published Date: April, 2024
Pages:
211
|
Tables:
94 |
Figures:
71
Global Disposable Medical Sensors Market size was valued at USD 9.52 Billion in 2022 and is poised to grow from USD 11.28 Billion in 2023 to USD 43.7 Billion by 2031, growing at a CAGR of 18.45% in the forecast period (2024-2031).
According to the Indian Journal of Ophthalmology, the burden of diabetes is large and increasing globally and in developing countries like India, mainly due to rising prevalence of overweight/obesity and unhealthy lifestyles. India was estimated to have 77 Mn people with diabetes in 2019, and by 2045, that number is projected to increase to more than 134 million. As a result, the demand for disposable medical sensors at home is gaining growth in this segment, opening new market opportunities. Furthermore, this segment includes several leading companies in the global market for disposable medical sensors, helping to increase its market share.
The emergence of powerful and cost-effective disposables is driving the medical disposables market. There has been tremendous growth in this market in sensor-based devices over the years. These devices were developed in terms of performance and characteristics. In addition, the advent of microsystem technologies such as MEMS and SI-based sensors has revolutionized medical and medical electronics. Thus, effective sensors with greater accuracy, improved control and lower power consumption are now readily available.
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Report ID: SQMIG35A2845