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Global Health Sensors Market by Product (Ingestible/Implantable, Wearable), by Application (Sensor Therapeutics, Wellness Monitoring) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: MD-75565
  • Author: Up Market Research
  • Rating: 4.5
  • Total Reviews: 52
  • No. Of Pages: 217
  • Format:
  • Pub. Date: 2021-10-21
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Summary of the Report

In 2016, the global market for health sensors was valued at USD 20.5 million. The market is expected to grow at a rate of 17.0% during the forecast period. Market growth is being driven by rising demand for healthcare settings, and a growing geriatric population. Market growth is expected to be boosted by an increase in chronic diseases like obesity and diabetes.

The WHO estimates that more than 1.9 billion adults were overweight in 2014, with nearly 600 million of them obese. The prevalence of obesity has increased more than twice between 1980 and 2014. This is due to changing lifestyles.

Due to the increasing burden of chronic illnesses, at-risk monitoring and chronic illness, this application segment dominated. The forecast period will also see a lot of growth in the sensor therapeutics segment and in-hospital medical monitoring segment.

Due to the rise in geriatric populations and people with chronic conditions such as obesity, North America's health sensors market accounted for more than 36.0% of its revenue share in 2016. The World Obesity Federation estimates that there were 18.0 million obese adults in the United States in 2014. This figure is expected to rise to 25.0 million in 2025. In North America, technology has led to the development of better health sensors.

Products Insights

This market was dominated by the wearable sensor segment in terms of revenues in 2016. This market expansion can be attributed to wearables' advanced features, such as their ability to monitor vital parameters like blood pressure and heart beat. These devices are reliable, accurate, and durable.

Due to the high prevalence of obesity, diabetes, cardiovascular disease, and other conditions, wearable sensors devices are expected to be in demand. Based on long-term records, data from these devices can be used to predict heart attack risk. These devices also send out health updates and suggest exercise routines to avoid an acute episode.

The implantable/ingestible segment is anticipated to grow at a CAGR of 17.5% over the forecast period. Companies are joining forces with other companies to start Research and Development (R&D). Propeller Health, a respiratory management company, teamed up with Novartis to place a sensor onto Novartis' Breezhaler. The device will track and provide reports to connected apps about drug inhaled. It can also compute compliance and medication adherence. Collaboration like this, are anticipated to propel growth of the ingestible/implantable segment over the forecast period.

Application Insights

The classification of health sensors is based on their application to wellness monitoring, chronic disease and at-risk-monitoring. Patient admission triage, logistical track, in-hospital clinical monitoring, sensor therapeutics and post-acute care monitors. In 2016, the market share for chronic illness and at risk monitoring was the largest. It is expected that it will continue to dominate the market over the forecast period. This can be attributed to the rising incidence of diseases and increased demand for point-of care testing.

From 2017 to 2025, wellness monitoring is expected to grow at a rate of more than 27.0%. The digital monitoring of wellness indicators and monitoring them using smart devices like Fitbit and Apple Watch is what Fitbit intends to apply for U.S. Food and Drug Administration approval for its Ionic Smartwatch. This product will be used to screen for atrial fibrillation after approval. Many cancer research centers will likely use data from Fitbit devices to monitor patients.

Regional Insights

The market can be divided by region into North America and Europe, Asia Pacific, Latin America and the Middle East & Africa. 2016 saw North America dominate the global market in terms revenue. This can be attributed to the existence of structured approval processes that are streamlined. According to the World Bank, per capita U.S. healthcare spending was USD 7,845 in 2008, and it is expected to rise to USD 11,193 by 2018. The market expansion is being impacted by the 29.91% increase in per capita healthcare spending. In North America, the demand for sensors for health is expected to continue growing in the near future.

Asia Pacific is expected to grow at 18.7% CAGR over the forecast period. The potential adoption of healthcare sensor devices by emerging economies like India and China will increase with the globalization of these countries. Market growth is due to high penetration of the internet and insurance, as well as awareness of the importance of diagnosing and preventing chronic diseases. Regional market growth is also driven by rising per capita healthcare spending, expanding private hospitals chains, healthcare solution manufacturers, as well as outsourcing of various healthcare processes.

Market Share Insights & Key Companies

It is highly competitive and key players are able to launch innovative products. The market has a high growth rate, with key players investing in R&D and launching new products or technologically upgrading existing products to increase their product portfolios. Over the forecast period, market competition will be fueled by players' focus on patent products. Industry rivalry will be maintained by the efforts of dominant players to make acquisitions and to form strategic alliances in order to tap into lucrative markets within emerging countries.

Analog Devices, Inc., Avago Technologies Ltd., Danaher Corporation, GE Healthcare, Honeywell International, Inc., and Medtronic Plc are some of the major players in the industry. ; Smiths Medical, Inc., Koninklijke Philips, Proteus Digital Health, Sensirion AG, Stryker Corporation, Abbott Laboratories, Roche; Hologic, and Varian Medical System.

Health Sensors Market Report Scope

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional, and country level and analyzes industry trends for each sub-segment from 2014 to 2025. Grand View Research segmented the global market for health sensors by product, region, and application.

  • Product Outlook (Revenue USD Million, 2014-2025)

    • Hand-held Diagnostic Sensors

      • Wellness Monitoring

      • Chronic Illness and At-Risk Monitoring

      • Patient Admission Triage

      • Logistical tracking

      • In-hospital Clinical Monitoring

      • Sensor Therapeutics

      • Post Acute Care Monitoring

    • Wearable Sensors

      • Non-disposable Wearable Sensors

        • Wellness Monitoring

        • Chronic Illness and At-Risk Monitoring

        • Patient Admission Triage

        • Logistical tracking

        • In Hospital Clinical Monitoring

        • Sensor Therapeutics

        • Post Acute Care Monitoring

      • Disposable Wearable Sensors

    • Ingestible/Implantable Sensors

      • Wellness Monitoring

      • Chronic Illness and At-Risk Monitoring

      • Patient Admission Triage

      • Logistical tracking

      • In Hospital Clinical Monitoring

      • Sensor Therapeutics

      • Post Acute Care Monitoring

  • App Outlook (Revenue USD Million, 2014-2025)

    • Wellness Monitoring

    • Chronic Illness and At-Risk Monitoring

    • Patient Admission Triage

    • Logistical tracking

    • In Hospital Clinical Monitoring

    • Sensor Therapeutics

    • Post Acute Care Monitoring

  • Regional Outlook (Revenue USD Million, 2014-2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • Japan

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

    • Latin America

      • Mexico

      • Brazil

Up Market Research published a new report titled “Health Sensors Market research report which is segmented by Product (Ingestible/Implantable, Wearable), by Application (Sensor Therapeutics, Wellness Monitoring), By Players/Companies Avago Technologies Ltd, Stryker Corporation, Danaher Corporation, Proteus Digital Health, Roche, Analog Devices, Inc, Smiths Medical, Koninklijke Philips, Honeywell International, Medtronic Plc, Inc, Abbott Laboratories, Sensirion AG, GE Healthcare, Varian Medical System, Hologic, Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report AttributesReport Details
Report TitleHealth Sensors Market Research Report
By ProductIngestible/Implantable, Wearable
By ApplicationSensor Therapeutics, Wellness Monitoring
By CompaniesAvago Technologies Ltd, Stryker Corporation, Danaher Corporation, Proteus Digital Health, Roche, Analog Devices, Inc, Smiths Medical, Koninklijke Philips, Honeywell International, Medtronic Plc, Inc, Abbott Laboratories, Sensirion AG, GE Healthcare, Varian Medical System, Hologic, Inc
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages217
Number of Tables & Figures152
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Health Sensors Industry Outlook

Global Health Sensors Market Report Segments:

The market is segmented by Product (Ingestible/Implantable, Wearable), by Application (Sensor Therapeutics, Wellness Monitoring).

Health Sensors Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Health Sensors Market

Overview of the regional outlook of the Health Sensors Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Health Sensors Market Overview

Highlights of The Health Sensors Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Health Sensors Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Product:

                1. Ingestible/Implantable

                2. Wearable

        7. By Application:

                1. Sensor Therapeutics

                2. Wellness Monitoring

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Health Sensors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Health Sensors Market Trends

Reasons to Purchase the Health Sensors Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Health Sensors Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Health Sensors Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Health Sensors Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Health Sensors Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Health Sensors Market Size & Forecast, 2018-2028 
      4.5.1 Health Sensors Market Size and Y-o-Y Growth 
      4.5.2 Health Sensors Market Absolute $ Opportunity 


Chapter 5 Global Health Sensors Market Analysis and Forecast by Product
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Product
      5.1.2 Basis Point Share (BPS) Analysis by Product
      5.1.3 Absolute $ Opportunity Assessment by Product
   5.2 Health Sensors Market Size Forecast by Product
      5.2.1 Ingestible/Implantable
      5.2.2 Wearable
   5.3 Market Attractiveness Analysis by Product

Chapter 6 Global Health Sensors Market Analysis and Forecast by Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Application
      6.1.2 Basis Point Share (BPS) Analysis by Application
      6.1.3 Absolute $ Opportunity Assessment by Application
   6.2 Health Sensors Market Size Forecast by Application
      6.2.1 Sensor Therapeutics
      6.2.2 Wellness Monitoring
   6.3 Market Attractiveness Analysis by Application

Chapter 7 Global Health Sensors Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Health Sensors Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Health Sensors Analysis and Forecast
   9.1 Introduction
   9.2 North America Health Sensors Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Health Sensors Market Size Forecast by Product
      9.6.1 Ingestible/Implantable
      9.6.2 Wearable
   9.7 Basis Point Share (BPS) Analysis by Product 
   9.8 Absolute $ Opportunity Assessment by Product 
   9.9 Market Attractiveness Analysis by Product
   9.10 North America Health Sensors Market Size Forecast by Application
      9.10.1 Sensor Therapeutics
      9.10.2 Wellness Monitoring
   9.11 Basis Point Share (BPS) Analysis by Application 
   9.12 Absolute $ Opportunity Assessment by Application 
   9.13 Market Attractiveness Analysis by Application

Chapter 10 Europe Health Sensors Analysis and Forecast
   10.1 Introduction
   10.2 Europe Health Sensors Market Size 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 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Health Sensors Market Size Forecast by Product
      10.6.1 Ingestible/Implantable
      10.6.2 Wearable
   10.7 Basis Point Share (BPS) Analysis by Product 
   10.8 Absolute $ Opportunity Assessment by Product 
   10.9 Market Attractiveness Analysis by Product
   10.10 Europe Health Sensors Market Size Forecast by Application
      10.10.1 Sensor Therapeutics
      10.10.2 Wellness Monitoring
   10.11 Basis Point Share (BPS) Analysis by Application 
   10.12 Absolute $ Opportunity Assessment by Application 
   10.13 Market Attractiveness Analysis by Application

Chapter 11 Asia Pacific Health Sensors Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Health Sensors Market Size 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 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Health Sensors Market Size Forecast by Product
      11.6.1 Ingestible/Implantable
      11.6.2 Wearable
   11.7 Basis Point Share (BPS) Analysis by Product 
   11.8 Absolute $ Opportunity Assessment by Product 
   11.9 Market Attractiveness Analysis by Product
   11.10 Asia Pacific Health Sensors Market Size Forecast by Application
      11.10.1 Sensor Therapeutics
      11.10.2 Wellness Monitoring
   11.11 Basis Point Share (BPS) Analysis by Application 
   11.12 Absolute $ Opportunity Assessment by Application 
   11.13 Market Attractiveness Analysis by Application

Chapter 12 Latin America Health Sensors Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Health Sensors Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Health Sensors Market Size Forecast by Product
      12.6.1 Ingestible/Implantable
      12.6.2 Wearable
   12.7 Basis Point Share (BPS) Analysis by Product 
   12.8 Absolute $ Opportunity Assessment by Product 
   12.9 Market Attractiveness Analysis by Product
   12.10 Latin America Health Sensors Market Size Forecast by Application
      12.10.1 Sensor Therapeutics
      12.10.2 Wellness Monitoring
   12.11 Basis Point Share (BPS) Analysis by Application 
   12.12 Absolute $ Opportunity Assessment by Application 
   12.13 Market Attractiveness Analysis by Application

Chapter 13 Middle East & Africa (MEA) Health Sensors Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Health Sensors Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Health Sensors Market Size Forecast by Product
      13.6.1 Ingestible/Implantable
      13.6.2 Wearable
   13.7 Basis Point Share (BPS) Analysis by Product 
   13.8 Absolute $ Opportunity Assessment by Product 
   13.9 Market Attractiveness Analysis by Product
   13.10 Middle East & Africa (MEA) Health Sensors Market Size Forecast by Application
      13.10.1 Sensor Therapeutics
      13.10.2 Wellness Monitoring
   13.11 Basis Point Share (BPS) Analysis by Application 
   13.12 Absolute $ Opportunity Assessment by Application 
   13.13 Market Attractiveness Analysis by Application

Chapter 14 Competition Landscape 
   14.1 Health Sensors Market: Competitive Dashboard
   14.2 Global Health Sensors Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Avago Technologies Ltd
      14.3.2 Stryker Corporation
      14.3.3 Danaher Corporation
      14.3.4 Proteus Digital Health
      14.3.5 Roche
      14.3.6 Analog Devices
      14.3.7 Inc
      14.3.8 Smiths Medical
      14.3.9 Koninklijke Philips
      14.3.10 Honeywell International
      14.3.11 Medtronic Plc
      14.3.12 Inc
      14.3.13 Abbott Laboratories
      14.3.14 Sensirion AG
      14.3.15 GE Healthcare
      14.3.16 Varian Medical System
      14.3.17 Hologic
      14.3.18 Inc
Segments Covered in the Report
The global Health Sensors market has been segmented based on

By Product
  • Ingestible/Implantable
  • Wearable
By Application
  • Sensor Therapeutics
  • Wellness Monitoring
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Avago Technologies Ltd
  • Stryker Corporation
  • Danaher Corporation
  • Proteus Digital Health
  • Roche
  • Analog Devices
  • Inc
  • Smiths Medical
  • Koninklijke Philips
  • Honeywell International
  • Medtronic Plc
  • Inc
  • Abbott Laboratories
  • Sensirion AG
  • GE Healthcare
  • Varian Medical System
  • Hologic
  • Inc

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