The global disposable medical device sensors market size was USD 6.54 Billion in 2021 and is expected to register a rapid revenue CAGR of 7.2% during the forecast period, according to latest analysis by Emergen Research. Increasing prevalence of chronic disorders is a key factor driving market revenue growth. According to Centers for Disease Control and Prevention (CDC), prevalence of diabetes in the U.S. was 41.9%. Majority of individuals in the U.S. do not eat a healthy diet and consume excessive levels of salt, saturated fat, and sugar, which increases their risk of acquiring chronic diseases.
The Global Disposable Medical Device Sensors market drivers and restraints Market report provides vital information that prepares market players to give fierce competition to their toughest competitors based on growth, sales, and revenue, among other essential factors. The study has been conducted on the basis of inputs from the industry leaders. Thus, a conscious effort to dive deep and unearth hard to find information pertaining to the growing market landscape and growth prospects over the next few years is clearly visible in the study. The market intelligence report further comprises of discussions about the major vendors operating in the Disposable Medical Device Sensors market drivers and restraints space
In addition, rising incidence of hospital-acquired infection is another key factor driving market revenue growth. According to World Health Organization (WHO), seven patients in high-income countries and 15 patients in low- and middle-income countries will get at least one Healthcare-Associated Infection (HAI) during their hospital stay for every 100 patients in acute-care hospitals. On an average, one out of every ten afflicted individuals would die as a result of HAI. Patients and babies in Intensive Care Units (ICU) are especially vulnerable. Healthcare-associated infections and antibiotic resistance have a huge impact on people's lives. Every year, over 24% of patients with health-care-associated sepsis and 52.3% of those treated in an intensive care unit die.
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The market for disposable medical device sensors is constrained by absence of proper reimbursement rules. Patients must have quick access to medications and technologies they need and this requires a favorable reimbursement environment that encompasses coverage, coding, and payment. Aim of treatment and service coverage for members of insurance companies must be balanced with reasonably priced premiums and out-of-pocket cost sharing. This lack of coverage is most likely caused by devices Food and Drug Administration (FDA) approval.
Some Key Highlights From the Report
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Emergen Research has segmented the global disposable medical device sensors market based on product, type, application, and region:
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Table of Contents:
Chapter 1 includes an introduction of the global Disposable Medical Device Sensors Market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
In Chapter 4, our team has fragmented the Disposable Medical Device Sensors market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
Chapters 5 and 6 have laid emphasis on the Disposable Medical Device Sensors market segmentation based on product type and application
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