The disposable medical devices sensors market showcases a lucrative growth potential with an estimated CAGR of 10.1% from 2013 to 2018. A number of factors such as the rising incidence of hospital acquired infections, increasing healthcare costs, investments by venture capitalist firms to develop disposable devices sensors, and government support for R&D activities is what propels the market growth. However, the growth of this market may be hindered due to factors such as stringent regulatory procedures for approval, along with inadequate and irregular reimbursement/insurance coverage for these devices.
The disposable medical devices sensors market is segmented on the basis of product type, sensor type, application, and geography. The application market is further classified into patient monitoring, diagnostics, and therapeutics. In terms of product type, Smart Pill Sensors is the highest growing market segment that provides lucrative growth opportunities for companies. Several prominent companies are investing and collaborating with each other to launch new products in the smart pill sensors market. Likewise, market opportunities are provided in the report at a granular level for each segment. Similarly, emerging economies such as Asia also present significant opportunities for various players to invest and grow.
The disposable medical devices sensors market is a highly fragmented market, as various segments have different leaders that depend on their expertise and product offerings. For instance, the capsule endoscopes market is dominated by Given Imaging (Israel), followed by Olympus Corporation (Japan). Various new entrants are entering the disposable devices sensors