Latin America providing opportunities for disposable medical sensor market growth

According to a report published by BCC Research, the global disposable medical sensor market grew to USD 4.2 billion from USD 3.8 billion over 2013-2014 and is estimated to expand at a CAGR of 10.2% over2015-2019. Asia Pacific nations and Latin American markets are providing ample opportunities for the market to grow owing to the rising demand for minimally invasive surgeries and prevailing unfulfilled medical needs. Biosensors dominated the market with largest revenue share. Key factors driving the growth of the market include Increasing demand for diagnostic and monitoring devices such as cardiac pacemakers and blood glucose monitors, growing old-age population coupled with increasing prevalence of target diseases pertaining to cardiovascular, audiology and urology systems. Additionally, increasing usage rates of insulin and infusion pumps due to high prevalence of diabetes is predicted to drive market growth further.

 

 

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