The Wearable Health Monitoring technology is witnessing a rapid upsurge of interest in the last few years. Application of body sensors is allowing direct measurement of body vitals through programmable devices that can even facilitate remote monitoring of patients.
According to the report published by Market Research Future (MRFR), the Global Body Sensors Market is anticipated to project significant expansion at a robust CAGR of 10.7% during the forecast period of 2017-2023 and is registered to reach the valuation of USD 25 Bn by the end of 2023 form USD 19 Bn in 2016.
Body Sensors Market – Key Players
The prominent players profiled by MRFR in the report on the global body sensors market are 4B Braime Components Ltd. (the U.K.), Allegro Micro Systems (the U.S.), Koninklijke Philips N.V. (Netherlands), Amsys GmbH (Germany), Althen GmbH Mess (Germany), ASC GmbH (Germany), Balluff GmbH (Germany), Barksdale GmbH (Germany) and Baumer Group (Switzerland).
Industry Updates:
In August 2018, Researchers at MIT’s computer science and artificial intelligence laboratory in collaboration with Massachusetts General Hospital has developed a wireless system named ReMix that can pinpoint locations of ingestible body sensors by using low power wireless signals. This system may help doctors to track tumors or dispense drugs without surgery in future.
Body Sensors Market – Drivers and Restraints
Advanced body sensors and small medical devices for continuous monitoring of body temperature, blood pressure, heart rate and others are gaining traction all over the world. Rapid technological advancements, constant upgrades in technology and extensive use of wearable medical devices are majorly driving the global body sensors market.
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Increasing geriatric population, rise in prevalence of cardiac disorders and growing number of fitness enthusiasts are some of the major factors that are inducing demand for body sensor devices, leading to the expansion of the global body sensors market. Increasing preference towards smaller, cheaper and smarter sensors coupled with the introduction of advanced body sensor devices are propelling the growth of the global body sensors market.
On the downside, challenges in distribution channel and supply chains, regulatory issues and concerns regarding privacy and security of data are likely to create hindrance in the growth of the global body sensors market.
Body Sensors Market – Segmentation
The global body sensor market has been segmented on the basis of type and application. Based on type, the body sensor market is segmented into Motion Sensors, Position Sensors, Temperature Sensor, Inertial Sensors, Pressure Sensors and others. Based on application, the body sensor market is segmented into Fitness, Blood Pressure Monitoring, Temperature Monitoring, Heart Rate Monitoring, Weight Monitoring and others.
Body Sensors Market – Regional Analysis
Geographically, the global body sensors market is segmented into North America, South America, Europe, Asia-Pacific and the Middle East and Africa. The North America region is leading the global body devices market owing to the easy adoption of advanced technology, high demand for body sensors and extensive use of wearable medical devices in this region. The Europe region accounts for the second largest share in the global body sensors market owing to the increased research and development activities for introduction of advanced body sensor devices in this region. Whereas, lack of awareness and low penetration of advanced technology are resulting in the slow growth of the body sensors market in the Middle East and Africa region.
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