Disposable Medical Sensors Market Comprehensive Analysis of Key Developments in the Industry
The growing demand for low-cost medical equipment and rising prevalence of healthcare-associated infections (HAIs) are the major factors positively influencing the growth of the disposable medical sensors market. Moreover, the increasing incidence of diabetes and cardiovascular diseases is also contributing to the market growth, as the demand for monitoring devices is witnessing an increase. In 2016, the market valued at $4.5 billion and it is projected to advance at a 10.4% CAGR during the forecast period (2018–2023). The disposable medical sensors market is witnessing a trend of home healthcare services due to the rising healthcare costs and incidence of hospital-acquired infections. Technological advancements have played a major role in improving the diagnostics field by giving rise to its subset, point-of-care diagnosis. Portable devices for home healthcare use sensors for the detection of specified parameters and offer immediate results. The key manufacturing companies are...