Polaris Market Research recently published [115+ Pages] research report on “Health Sensors Market Share, Size, Trends, Industry Analysis Report, By Product; By Application; By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa); Segment Forecast, 2022 – 2030” in its research database.
According to the research reports, the global health sensors market size & share was valued at USD 41.10 billion in 2021 and is expected to touch USD 166.56 Billion by 2030, growing at a CAGR of 18.1% during the forecast period.
What are Health Sensors? How Big is Health Sensors Market Size & Share?
- Overview
Health sensors are electronic medical devices. These sensors are widely utilized for the objective of disease detection and other health-related applications, that includes remote or isolated patient monitoring. Sensor-based medical devices are hugely accepted for home care settings.
Moreover, health sensors are majorly used to check the force, pressure, airflow, oxygen, temperature, pulse oximetry, and barcode sensing. Also, these sensors can raise the intelligence of medical machines like life-supporting implants. Advancement in technology is the foremost factor responsible for the growth of the health sensors market share and is anticipated to maintain its dominance over the foreseen period.
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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)
Key Highlights of the Report
- A complete backdrop analysis, which includes an assessment of the parent market
- Assessment of growth opportunities in key segments and regions
- Important changes in industry dynamics
- Detailed company profiling of top players in the market
- Historical, current, and projected size of the market by both value and volume
- Reliable industry value chain and supply chain analysis
- Recommendations to companies for strengthening their presence in the industry
Some of the Top Market Players Are:
- Abbott Laboratories
- Analog Devices Inc.
- Avago Technologies Ltd
- Danaher Corp
- GE Healthcare
- Honeywell International Inc. Hologic
- Koninklijke Philips
- International Inc.
- Medtronic Plc
- Maxim Integrated Product Inc.
- Smith’s Medical Inc.
- Sensirion AG
- Stryker Corp
- Robert Bosch GmbH
- Roche
- TDK Corporation
- TE Connectivity Ltd
- Texas Instruments Incorporated
- Varian Medical System
To Know Additional Information on Market Players, Download Sample PDF Brochure
Growth Driving Factors
The health sensors market size is uplifting due to the launching of mobile apps which helps people to track their everyday calorie intake and distance traveled. Also, the rising frequency of chronic diseases across the globe is another factor propelling the market. The rapid rise in the interest of people towards recording and tracking information regarding their practices.
Furthermore, rising beneficial government policies towards the health sensors industry are anticipated to raise the market during the assessment period. Also, rising awareness regarding fitness and health is accelerating the industry share. Also, digital medicines and sensor-authorized pills are the major factors responsible for the growth of the market. The growing frequency of sports injuries, lifestyle-allied medical issues, and accidents are predicted to boost the global market over the assessment period.
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Recent Developments
- In March 2021 the development of a millimeter-scale transceiver that enhances ingestible sensors was revealed by researchers at Imec (Belgium), a center for Nanoelectronics and digital technology.
- In May 2021 Stryker acquired OrthoSensor Inc. in May 2021. This was anticipated to aid the business in gaining market share in joint replacement and musculoskeletal treatment.
Segmental Analysis
- The wearable sensors segment is considered the highest revenue share
On the basis of product, the wearable sensors market accounted for the highest market share in 2021 and is anticipated to maintain its dominance over the assessment period. The factors responsible for the dominance of the region are increasing research and development activities in the wearable sensors industry.
- The chronic illness & at-risk monitoring segment dominated the market
On the basis of application, the health sensors market segmentations are classified into several sub-segments. Out of all the chronic illness & at-risk monitoring, the segment accounted for the largest market share. The aspects of the region’s dominance are the increasing demand for point-of-care diagnostics and the rising frequency of chronic diseases.
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Health Sensors Market: Report Scope
| Report Attribute | Details |
| Market Outlook for 2030 | USD 166.56 Billion |
| Market Size 2021 Value | USD 41.10 Billion |
| Expected CAGR Growth | 18.1 % from 2022 – 2030 |
| Base Year | 2021 |
| Forecast Year | 2022 – 2030 |
| Top Market Players | Abbott Laboratories, Analog Devices Inc., Avago Technologies Ltd, Danaher Corp, GE Healthcare, Honeywell International Inc. Hologic, Koninklijke Philips, International Inc., Medtronic Plc, Maxim Integrated Products Inc., Smith’s Medical Inc., Sensirion AG, Stryker Corp, Robert Bosch GmbH, Roche, TDK Corporation, TE Connectivity Ltd, Texas Instruments Incorporated, Varian Medical System |
| Segments Covered | By product, By Application, and By Region |
| Customization Options | Customized purchase options are available to meet your research needs. Explore customized purchase options |
Geographic Overview
- North America accounts for significant market growth
On the basis of geography, the North American region is considered the largest market share. The region is dominating due to well-settled medical infrastructure, huge healthcare spending, the existence of dominating firms, and the rapid acceptance of advanced technologies. Also, rising acceptance of patient monitoring and everyday homecare devices are expected to propel the industry over the assessment period.
Browse the Detail Report “Health Sensors Market Share, Size, Trends, Industry Analysis Report, By Product; By Application; By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa); Segment Forecast, 2022 – 2030” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/health-sensors-market
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Key Questions Answered in The Report Include:
- What is the total market worth of the medical sensors market?
- What is the anticipated CAGR of the market in the forecast period?
- Which region is expected to project the highest market share in the industry?
- What are the key driving factors for the growth of the market?
- Who are the leading players in the market?
Polaris Market Research has segmented the health sensors market report based on product, application, and region:
By Product Outlook
- Hand Held Diagnostic Sensors
- Chronic illness & At Risk –monitoring
- Patient Admission Triage
- Logistical Tracking
- In–housing clinical Monitoring
- Post–Acute Care Monitoring
- Wearable Sensors
- Disposable Wearable
- Non-disposable Wearable
- Wellness Monitoring
- Chronic Illness & At Risk-monitoring
- Patient Admission Triage
- Logistical Tracking
- In-hospital Clinical Monitoring
- Sensor Therapeutics
- Post-acute Care Monitoring
- Ingestible /Implantable Sensors
- Wellness Monitoring
- Chronic Illness & At Risk-monitoring
- Patient Admission Triage
- In-hospital Clinical Monitoring
- Sensor Therapeutics
- Post-acute Care Monitoring
By Application Outlook
- Chronic illness & At Risk – Monitoring
- Wellness Monitoring
- Logistic Tracking
- In Hospital Clinical Monitoring
- Post-Acute Care Monitoring
- Home Based
- Others
- Sensor Therapeutics
- Others
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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