Health Sensors Market Size Worth $166.56 Billion By 2030 | CAGR: 18.1%

According to a new study by Polaris Market Research, the global health sensors market size is expected to reach USD 166.56 billion by 2030. The 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” gives a detailed insight into current market dynamics and provides an analysis of future market growth.

An essential factor accelerating industry growth is the rise in chronic conditions, life-threatening diseases, and ongoing medical issues. Other factors include rising population growth, spending on smart devices to improve lifestyle, rising government initiatives to improve medical education, increasing awareness of medical issues, rising rates of aging populations, and increasing rates of diseases related to lifestyle. Technological advancement and the growing prevalence of chronic disorders are one major factors driving the industry.

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The products and wearable technologies can be used to comprehensively monitor a patient or person by a doctor during quarantine time, enabling remote treatment and lowering the risk of infection for medical personnel. Worldwide health sensor product demand has surged as a result of the COVID-19 pandemic. Artificial intelligence (AI) can assist the globe fight sickness due to innovative and advanced technology.

Coronavirus outbreaks can be prevented by using the products that can gather information on vitals such as blood pressure, ECG, body temperature, blood oxygen saturation levels, heart rate, and other things. Wearable technology is therefore anticipated to advance quickly in order to help patients who have been exposed to the novel coronavirus (COVID-19)

Health Sensors Market Report Highlights

• The wearable sensor product segment accounted for the largest share and dominated the industry. In addition, Increasing R&D spending and business collaboration are expected to enhance the growth of the industry.
• The demand for point-of-care diagnostic and the increasing prevalence of chronic diseases positively impacts chronic illness & at-risk monitoring, which accounted for the highest revenue share in 2021.
• North America has captured the largest market share in the year 2021. There are several well-established players in the market and improved healthcare infrastructure, rapid adoption of advanced technologies, and presence of leading firms.
• Major players operating in the industry include 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, and Varian Medical System.

Polaris Market Research has segmented the health sensors market report based on product, application, and region:

Health Sensors, Product Outlook (Revenue - USD Billion, 2018 - 2030)

• Hand Held Diagnostic Sensors
  • Chronic Illness & At Risk Monitoring
  • Patient Admission Triage
  • In Hospital Clinical Monitoring
  • Post–acute Care Monitoring
  • Logistical Tracking
• 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 or Implantable Sensors
  • Wellness Monitoring
  • Chronic Illness & At Risk-monitoring
  • Patient Admission Triage
  • In-hospital Clinical Monitoring
  • Sensor Therapeutics
  • Post-Acute Care Monitoring

Health Sensors, Application Outlook (Revenue - USD Billion, 2018 - 2030)

• Chronic illness & At Risk Monitoring
• Wellness Monitoring
• Patient Admission Triage
• Logistic Tracking
• In Hospital Clinical Monitoring
• Post–Acute Care Monitoring
• Home-based
• Others
• Sensor Therapeutics

Health Sensors, Regional Outlook (Revenue - USD Billion, 2018 - 2030)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa