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This report studies the global Disposable Medical Devices Sensors Market over the forecast period of 2013-2018. The market is valued at an estimated $3,831.6 million in 2013 and is poised to grow at a CAGR of 10.1% from 2013 to 2018, to reach $6,212.7 million by 2018.
Based on product type, the strip sensors market holds the largest share of 49.6% in 2013. This large share is attributed to the extensive use of these sensors in homes as well as in clinics, for diagnostic purposes. However, the ingestible sensors market is poised to grow at the highest CAGR. Recently, the FDA lowered the regulatory bars for the launch of ingestible sensors and this is a major reason for the high growth of this market. Based on sensor type, image sensors are slated to witness the highest growth. This growth is likely to be driven by technological advancements, due to which products with superior technologies are being launched in the market. The launch of the CMOS chip-on-tip technology is one such example. Moreover, the cost effectiveness of capsule endoscopes as compared to the traditional process is another reason driving the growth of this market.
http://www.sacbee.com/2013/10/11/5813081/disposable-medical-devices-sensors.html
Based on product type, the strip sensors market holds the largest share of 49.6% in 2013. This large share is attributed to the extensive use of these sensors in homes as well as in clinics, for diagnostic purposes. However, the ingestible sensors market is poised to grow at the highest CAGR. Recently, the FDA lowered the regulatory bars for the launch of ingestible sensors and this is a major reason for the high growth of this market. Based on sensor type, image sensors are slated to witness the highest growth. This growth is likely to be driven by technological advancements, due to which products with superior technologies are being launched in the market. The launch of the CMOS chip-on-tip technology is one such example. Moreover, the cost effectiveness of capsule endoscopes as compared to the traditional process is another reason driving the growth of this market.
http://www.sacbee.com/2013/10/11/5813081/disposable-medical-devices-sensors.html