Wearable Health Sensors Market Size, Share & Industry | 2031
Wearable Health Sensors Market Size, Share & Industry | 2031
Segments - Global Wearable Health Sensors Market by Types (Pressure Sensors, Temperature Sensors, Position Sensors, and Others), End-users (Consumer Electronics, Healthcare, Sport/Fitness, and Others), Regions (North America, Europe, Latin America, Asia Pacific, and Middle East & Africa) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031
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| Report ID :ICT-SE-3772
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Report Description
Global Wearable Health Sensors Market Outlook 2031:
The global wearable health sensor market size was valued at USD XX Billion in 2022 and is projected to reach USD XX Billion by 2031, expanding at a CAGR of 10.5% during the forecast period 2023 - 2031. The growth of market is attributed due to increasing concern about the constant monitoring of health, inclination towards enhanced functional sensors in gadgets, and improvement of battery size and performance.
Nowadays these wearable healthcare sensors such as gyroscopes, accelerometers, and other motion sensors is estimated to be incorporated with the activity monitoring devices such as golf or tennis swing analysis tools, fitness devices, pedometer, and some sport kinetic applications.
With the wireless connectivity, enhanced applications and vast storage capabilities in smart- phone, wearable sensors are exploring new application to be incorporated with such as monitoring on a remote patients, where the patients motion data analysis can be directly transmitted to the physician reducing time, effort, and energy, thus increasing work efficiency.
Growing concern towards healthcare has created an opportunities for the smart health sensor technologies and monitoring devices segment, which is capable enough to provide feedback to the user about their health status alerting the person to be cautious, another reason for the escalation of wearable in the healthcare industry is availability of low cost MEMS technologies.
Furthermore, with the increasing urbanization, improved lifestyle, growing awareness about health and demand for consumer electronics is anticipated to stimulate the market.
Wearable Health Sensors Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for continuous monitoring in healthcare services is expected to augment the market during the forecast period.
- Rising investment in advanced functional sensors in wearable and smart gadgets is estimated to propel the market during projected period.
- Growing application of wearable health sensors incorporated into activity monitors is anticipated to spur the market in the coming years.
- R&D and technological advancement in AI and machine learning to adopt products offered to their system and operation in healthcare sector is estimated to create lucrative opportunities for the key players of the market.
- Expansion of internet of thing (IOT), and growing demand for applications such as fitness, consumer electronic and more is estimated to stimulate the market during the projected period.
- Stringent regulation related to data privacy and storage is anticipated to fuel the market during the forecast period.
- High cost of wearable sensors, data integrity and privacy concerns are some of the reason possess a challenge that can hamper the growth of the market in the coming years.
Scope of the Wearable Health Sensors Market
The report on the global wearable health sensor market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Wearable Health Sensors Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Types (Pressure Sensors, Temperature Sensors, Position Sensors, and Others), End-users (Consumer electronics, Healthcare, Sport/Fitness, and Others) |
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Regional Scope |
North America, Europe, Latin America, Asia Pacific, Middle East and Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Texas Instruments Incorporated; TE Connectivity; Analog Devices Inc; TDK Corporation; Maxim Integrated Products Inc. |
Wearable Health Sensors Market segment insights
The temperature sensor segment is estimated to hold major share of the market
Based on types, the market is segregated into pressure sensors, temperature sensors, position sensors, and others. The temperature sensor segment is estimated to hold major share of the market in the coming years owing to the current scenarios of the COVID cases these sensor are integrated with the IOT which helps in speeding up the virus screening procedure, companies are investing in development of wearable devices with temperature sensors, allowing them to monitors the human body temperature and providing the healthcare workers information on a real time basis about the common symptoms of COVID-19, causing the process to be efficient and seamless.
The healthcare segment is expected to exhibit high CAGR
On the basis of end-users, the market is categorized into consumer electronics, healthcare, sport/fitness, and others. The healthcare segment is expected to exhibit high CAGR in the coming years due to emerging need of smart sensor within the segment as these sensors are available in miniaturized form so it can be incorporated with any devices, are more flexible, and provides information on a real time basis, along with the data collected from the device can be later used for diagnosis and analysis purpose, as it plays a vital role in healthcare analytics.
Europe is anticipated to dominate the market
In the terms of regions, the market is classified as North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Europe is anticipated to dominate the market during the projected period due to growing awareness regarding fitness and easy availability of applications that monitors fitness, along with the increasing geriatric population in Western Europe using wearable to track their well-being is yet another factor driving the segment.
Segments
Global wearable health sensors market has been segregated on the basis ofTypes
- Pressure Sensors
- Temperature Sensors
- Position Sensors
- Others
End-users
- Consumer electronics
- Healthcare
- Sport/Fitness
- Others
Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East and Africa
Key players
- Texas Instruments Incorporated
- TE Connectivity
- Analog Devices Inc.
- TDK Corporation
- Maxim Integrated Products Inc.
Competitive Landscape
Key players competing in the global wearable health sensors market include Texas Instruments Incorporated; TE Connectivity; Analog Devices Inc; TDK Corporation; Maxim Integrated Products Inc.
Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance
In December 2019, researcher of Korea Advanced Institute of Science and Technology (KAIST) announced a 3D printed pressure sensors, the device uses a rigid microbump array integrated with liquid metal material which is used to create soft and flexible sensors.
In September 2020, Ams, a distributor of high performance sensors solutions announced the industry’s thinnest dedicated sensors for the measurement of blood oxygen saturation (SpO2) capable to remotely monitor this critical sign to small consumer products such as earbud, oximeter, patch, and more.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Wearable Health Sensors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Wearable Health Sensors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wearable Health Sensors Market - Supply Chain
4.5. Global Wearable Health Sensors Market Forecast
4.5.1. Wearable Health Sensors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wearable Health Sensors Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Wearable Health Sensors Market Absolute $ Opportunity
5. Global Wearable Health Sensors Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Wearable Health Sensors Market Size and Volume Forecast by Types
5.3.1. Pressure Sensors
5.3.2. Temperature Sensors
5.3.3. Position Sensors
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Wearable Health Sensors Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Wearable Health Sensors Market Size and Volume Forecast by End Users
6.3.1. Consumer electronics
6.3.2. Healthcare
6.3.3. Sport/Fitness
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Wearable Health Sensors Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Wearable Health Sensors Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Wearable Health Sensors Demand Share Forecast, 2019-2026
8. North America Wearable Health Sensors Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Wearable Health Sensors Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Wearable Health Sensors Market Size and Volume Forecast by Types
8.4.1. Pressure Sensors
8.4.2. Temperature Sensors
8.4.3. Position Sensors
8.4.4. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Wearable Health Sensors Market Size and Volume Forecast by End Users
8.7.1. Consumer electronics
8.7.2. Healthcare
8.7.3. Sport/Fitness
8.7.4. Others
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Wearable Health Sensors Demand Share Forecast, 2019-2026
9. Latin America Wearable Health Sensors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Wearable Health Sensors Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Wearable Health Sensors Market Size and Volume Forecast by Types
9.4.1. Pressure Sensors
9.4.2. Temperature Sensors
9.4.3. Position Sensors
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Wearable Health Sensors Market Size and Volume Forecast by End Users
9.7.1. Consumer electronics
9.7.2. Healthcare
9.7.3. Sport/Fitness
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Wearable Health Sensors Demand Share Forecast, 2019-2026
10. Europe Wearable Health Sensors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Wearable Health Sensors Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Wearable Health Sensors Market Size and Volume Forecast by Types
10.4.1. Pressure Sensors
10.4.2. Temperature Sensors
10.4.3. Position Sensors
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Wearable Health Sensors Market Size and Volume Forecast by End Users
10.7.1. Consumer electronics
10.7.2. Healthcare
10.7.3. Sport/Fitness
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Wearable Health Sensors Demand Share Forecast, 2019-2026
11. Asia Pacific Wearable Health Sensors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Wearable Health Sensors Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Wearable Health Sensors Market Size and Volume Forecast by Types
11.4.1. Pressure Sensors
11.4.2. Temperature Sensors
11.4.3. Position Sensors
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Wearable Health Sensors Market Size and Volume Forecast by End Users
11.7.1. Consumer electronics
11.7.2. Healthcare
11.7.3. Sport/Fitness
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Wearable Health Sensors Demand Share Forecast, 2019-2026
12. Middle East & Africa Wearable Health Sensors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Wearable Health Sensors Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Wearable Health Sensors Market Size and Volume Forecast by Types
12.4.1. Pressure Sensors
12.4.2. Temperature Sensors
12.4.3. Position Sensors
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Wearable Health Sensors Market Size and Volume Forecast by End Users
12.7.1. Consumer electronics
12.7.2. Healthcare
12.7.3. Sport/Fitness
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Wearable Health Sensors Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Wearable Health Sensors Market: Market Share Analysis
13.2. Wearable Health Sensors Distributors and Customers
13.3. Wearable Health Sensors Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Texas Instruments Incorporated
13.4.2. TE Connectivity
13.4.3. Analog Devices Inc.
13.4.4. TDK Corporation
13.4.5. Maxim Integrated Products Inc.
Methodology
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