Health Sensors Market is predicted to reach USD 190.3 Billion at a CAGR of ~18.50% during the forecast period 2023 to 2032.

Market UsesMarket Research Future (MRFR) has published a cooked research report on the “Global Health Sensors Market” that contains information from 2018 to 2032. The Health Sensors market is estimated to register a CAGR of 18.50% during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the global health sensors market— Analog Devices Inc., Avago Technologies Ltd., Danaher Corp., GE Healthcare, Honeywell International Inc., Medtronic Plc, Smith’s Medical Inc., Koninklijke Philips, Sensirion AG, Stryker Corp., Abbott Laboratories, Roche, Hologic, and Varian Medical System.


Market Highlights


The global health sensors market is accounted to register a CAGR of 18.50% during the forecast period and is estimated to reach USD 190.3 Billion by 2032.


Technology improvements are linked to the rise in demand for round-the-clock monitoring, the tracking of health data, and the prevalence of chronic diseases. As chronic diseases spread globally, the market for health sensors is anticipated to rise. For instance, Front Public Health in 2020 reports that the four most common chronic non-communicable diseases (NCDs) among adults in China over the age of 60 are Ischemic Heart Disease, Stroke, Chronic Obstructive Pulmonary Disease (COPD), and Type 2 Diabetes. Additionally, similar to how the personal informatics movement first gained traction with the introduction of mobile apps that made it easier for people to keep track of their daily caloric intake and distance travelled, among other things, an increase in people's interest in recording & tracking information about their health habits is predicted to support industry growth. As a result of the introduction of gadgets with accelerometers and other sensors, users are relieved of the effort of manually filling out information. Health sensor technology that detects things like skin temperature, heart and pulse rate, heat flux, and galvanic skin responses is becoming more widely available from businesses. As a result, there is increased interest in tracking health data.


Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Health Sensors Market Research Report


Segment Analysis


The global health sensors market has been segmented based Application and Product.


On the basis of application, the market is segmented into chronic illness & at risk-monitoring, wellness monitoring, patient admission triage, logistical tracking, in hospital clinical monitoring, sensor therapeutics, and post-acute care monitoring. The chronic illness & at risk-monitoring segment was attributed to holding the largest market share in 2022. This is due to the demand for point-of-care diagnostics and the increasing prevalence of chronic diseases. Chronic conditions like diabetes must be monitored to assess whether a patient's condition is improving or worse. There are numerous technologies available for monitoring activities and patient health risks.


Based on product, the global health sensors market has been segmented into hand held diagnostic sensors, wearable sensors, and implantable/ingestible sensors. The wearable sensors segment was expected to hold the largest market share in 2022. Wearable sensors enable devices to track patients' physiological and movement activity. These sensors can be directly attached to the body or incorporated into accessories including clothing, shoes, bracelets, and headbands.


Regional Analysis


The global Health Sensors market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Health Sensors market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Health Sensors market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Health Sensors market comprises of Middle East, Africa, and Latin America.


The largest market share for Health Sensors was maintained by the North American regional sector. This can be attributed to elements like its well-established healthcare infrastructure, high healthcare spending, the presence of monopolistic firms, and the rapid adoption of cutting-edge technologies. The North American region dominates the global market for health sensors. The rapid adoption of patient monitoring and homecare devices for routine, ongoing, and long-term patient monitoring as well as a decrease in the frequency of hospital visits are anticipated to fuel the region's growth over the projection period. Favourable reimbursement structures are predicted to further boost the region's progress.


Moreover, the Europe market has been persistently growing over the forecast period. The market is expected to be driven by increased emergency care demand and rising mobile surgical centre utilisation during the forecast timeframe.


Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. The rising prevalence of cardiac problems has increased the demand for health sensor equipment in APAC countries. Additionally, China and India are the countries most afflicted by diabetes because they have the highest prevalence of the disease worldwide. In 2021, the South-East Asia (SEA) Region of the International Diabetes Federation (IDF) expects 90 million persons (20-79) to have diabetes.


Furthermore, the rest of the world's Health Sensors market is divided into the Middle East, Africa, and Latin America. LAMEA collects real-time data on a variety of respiratory characteristics, such as lung capacity, airway resistance, and breathing patterns. It does this by utilising cutting-edge sensor technology and wireless communication. The non-invasive device is simple for the user to wear or carry and enables continuous monitoring of respiratory health in daily activities.


Key Findings of the Study



  • The global health sensors market is expected to reach USD 190.3 Billion by 2032, at a CAGR of 18.50% during the forecast period.

  • The Asia-Pacific region accounted for the fastest-growing global market the need for health sensor equipment in APAC nations has surged due to the rising prevalence of cardiac issues. Additionally, due to the disease's high incidence globally, China and India are the nation’s most affected by diabetes. 90 million people (20–79) in South-East Asia (SEA) are anticipated to have diabetes in 2021, according to the International Diabetes Federation (IDF).

  • Based on application, the chronic illness & at risk-monitoring segment was attributed to holding the largest market in 2022, with an approximate market share of 35-40%.

  • Analog Devices Inc., Avago Technologies Ltd., Danaher Corp., GE Healthcare, Honeywell International Inc., Medtronic Plc, Smith’s Medical Inc., Koninklijke Philips, Sensirion AG, Stryker Corp., Abbott Laboratories, Roche, Hologic, and Varian Medical System.

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Pages 128
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