Body Sensors Market Scenario
Body sensors and are small medical devices used for continuously monitoring temperature, pressure and other vital parameters of health. These sensors are incorporated with electrodes that sensor such parameters. Continuous monitoring helps a person to take preventive measures and avoid any further complications to his health. Extensive use of wearable medical devices, technological advancement and reduction in number of visits to the hospital or clinic determine the growth of this market. Large scale medical device companies focus on continuous product improvement, thus increasing the demand of these sensors in the market. The Body Sensors Market is anticipated to reach USD 3,926.50 million by 2030 at 5.30% CAGR during the forecast period 2022-2030.
Main objective of this research is to provide information about body sensors market, type of sensors and its application.
Figure 2: Market Synopsis
Sources: Press Release, presentation, company website, annual reports, government records, journals expert interview.
Key Players of Body Sensors Market
4B Braime Components Ltd. (UK), Allegro MicroSystems (US), 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).
Figure 1: Body sensors market, by region, 2016:
Source: Press Release, Company presentation, annual reports
Body sensors market has been segmented on the basis of type of sensors which includes motion sensors, position sensors, temperature sensor, inertial sensors, pressure sensor and other sensors. On the basis of application, the market is segmented into fitness, blood pressure monitoring, temperature monitoring, heart rate monitoring, weight monitoring & other applications.
Globally, Body sensors market consists of four regions Americas, Europe, Asia-Pacific and Middle East and Africa. North America is the largest market. Extensive use of wearable medical devices, continuous R&D is the field of medical technology and demand of smart sensors drive the growth of this market. Europe is the second largest market. Asia Pacific shows fastest growth in this market. The market shows steady growth in Middle East and Africa.
The report for Body sensors market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions
The global Body Sensors Market is expected to be valued at USD 3,926.50 million by 2030.
The Body sensors market is expected to exhibit a strong 5.30% CAGR over the forecast period from 2022 to 2030.
The growing demand for wearable medical devices is the major driver for the Body Sensors Market.
The Americas hold a majority share of 55% in the global body sensor market.
Leading players in the Body sensors market include Allegro, 4B Braime Components, and Koninklijke Philips, among others.