DISPOSABLE MEDICAL SENSORS MARKET ANALYSIS

Regional Analysis

Regional Insights

On the basis of region, the global disposable medical sensors market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America holds a dominant position in the global disposable medical sensors market and is expected to retain its dominance over the forecast period. This is owing to development of technologically advanced integrated medical devices and solutions as well as new entrants in the region involved in product innovations. For instance, True Wearables, Inc., a medical device start-up based in California, introduced Oxxiom, world’s first wireless, continuous and fully disposable single pulse oximeter in January 2016 that measures arterial oxygen saturation, perfusion index and pulse rates. Moreover, rising prevalence of patients suffering with chronic diseases such as Type-1 diabetes that demand continuous monitoring of blood glucose levels are expected to propel growth of the region in the global market. According to the American Diabetes Association 2015, around 1.25 million children and adults in the U.S. suffered from diabetes.

Furthermore, Asia Pacific is expected to witness a significant growth in the market, owing to developments in healthcare infrastructure, increasing patient awareness, and increasing incidence of chronic diseases. For instance, National Health Survey conducted by Australian Government Department of Health, in 2015, suggested that nearly 23% of Australians aged above 60 years suffer from one or more chronic diseases.