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Reports - Wearable Patient Sensor Market

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Wearable Patient Sensor Market

Wearable Patient Sensor Market by Product (Pressure Sensor, Temperature Sensor, Position Sensor, Other Types), by Application (Smart Wristwear, Smart Glasses, Smart Bodywears, Smart Footwears), by End User (Healthcare, Consumer Electronic, Sports/Fitness, Other End-user Verticals), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)

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Revenue Insights

Current Year

2024

Forecast Year

2035

CAGR Revenue

15.55%

Largest Region

North America

Fastest Region

Asia Pacific

Base Year

2024

Historic Data

2023 - 2027

Forecast Period

2027 - 2035

Report Coverage

The final deliverable will encompass both quantitative and qualitative data, providing a comprehensive analysis of the market. The scope is customizable.

Overview

Market Synopsis:

Global Wearable Patient Sensor market is valued at USD 347.2 Million in 2021 and is projected to attain a value of USD 1,392.6 Million by 2028 at a CAGR of 15.55% during the forecast period, 2022–2028. The shrinking of physiological sensors, the rise in demand for enhanced functionality sensors in smart devices, the reduction in battery sizes, and the growing need for continuous monitoring in healthcare services are the primary forces driving the Wearable Patient Sensor market. Activity monitors, fitness gadgets, pedometers, golf and tennis swing analysis tools, and sports kinetics applications are projected to incorporate Wearable Patient Sensor such as accelerometers, gyroscopes, and other motion sensors.

The COVID-19 pandemic has wreaked havoc on many peoples lives and companies on a massive scale. Businesses and commercial activity around the world have been severely disrupted by the outbreak. To relieve the load on the healthcare system and reduce disease transmission, various governments throughout the world have issued instructions to postpone or delay non-essential medical and surgical treatments. However, COVID-19 has given impetus growth to the Wearable Patient Sensor market. The Wearable Patient Sensor is a technical gadget that allows people to track data related to their health and fitness. These sensors are embedded in cloth or other fashion accessories and used to diagnose and monitor vital signs such as blood pressure, heart rate, and other metabolic movements using wired or wireless media.

Increased Level of Awareness

As people become more conscious of the importance of healthcare, smart sensor technologies and monitoring gadgets that can sense and provide feedback to users about their health state are becoming more popular. Because smaller versions of sensors are more versatile and can be placed in a range of devices to obtain real-time information, miniaturisation of health sensors will result in major improvements in their application.

Technical Difficulties Related to Hardware and Software

Wearable gadgets, like many other new technologies combined into one system, are experiencing hardware and software performance challenges that may limit their general adoption. Waterproofing is a common user concern, as sweat or washing can introduce damaging moisture into wearable electronics. Furthermore, gadget compactness can result in limited battery reserves or small screens and displays. Some instances of hardware troubles have already been documented in the market; thus, the technical difficulty of hardware and software in wearable devices is a big hurdle for the Wearable Patient Sensor industrys growth.


Market Segmentation:

The Global Wearable Patient Sensor Market can be segmented by Product into Pressure Sensor, Temperature Sensor, Position Sensor, and Other Types. By Application into, Wristwear, Eyewear, Footwear, Neckwear, Bodywear and Other Applications. By End, User into Consumer Goods, Healthcare, Industrial and Other Verticals. Based on Region, the Wearable Patient Sensor Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.


North America to Continue Dominating the Wearable Patient Sensor Market

Over the projection period, the North American region is expected to maintain its dominance. The expansion of this segment is due to factors such as a high level of public awareness about the existence of such services. Because of the increasing adoption of digital technology in the United States, the area now has a higher market share. Furthermore, the regions healthcare sector has been booming, which is expected to promote the adoption of Wearable Patient Sensor enabled products during the projection period. Increased prevalence of chronic obstructive pulmonary disease (COPD) and respiratory illnesses, well-established healthcare infrastructure, and the presence of prominent market competitors in the region are some of the factors driving market expansion.



Key Players:

Key industry contributors include STMicroelectronics N.V. (Switzerland), Infineon Technologies AG (Germany), NXP Semiconductors N.V. (Netherlands), Robert Bosch GmbH (Germany), and InvenSense, Inc. (U.S.)


Wearable Patient Sensor market is segmented as follows:



Wearable Patient Sensor market is tabulated as follows:


Renewable Power Market size, 2023 to 2032(USD Billion)

Wearable Patient Sensor Market Size, Share & Growth Forecast by 2035 Market Size, 2024 To 2035 (USD Million)

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Report coverage & Deliverables

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Market Segmentation

ParameterDetails
Segment Covered

By Product
  • Pressure Sensor
  • Temperature Sensor (17.1%)
  • Position Sensor
  • Other Types

By Application
  • Smart Wristwear (17.8%)
  • Smart Glasses
  • Smart Bodywears
  • Smart Footwears
  • Others

By End User
  • Healthcare
  • Consumer Electronic (45.6%)
  • Sports/Fitness
  • Other End-user Verticals

By Region
  • North America (38.2%)
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Regions & Countries Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Companies Covered
  • Fitbit Inc. (US)
  • Verily Life Sciences (US)
  • Cyrcadia Asia Limited
  • Karnak (US)
  • VitalConnect (US)
  • Minttihealth (China)
  • OMRON Corporation (Japan)
  • Abbott Laboratories (US)
  • Koninklijke Philips N.V. (Netherlands)
  • Medtronic plc (US)
Report CoverageMarket growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
Pricing and purchase optionsAvail of customized purchase options to meet your exact research needs. Explore purchase options

Historical & Forecast Data

Base Year

2024

Historic Year

2018 - 2022

Forecast Year

2023 - 2032

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Wearable Patient Sensor Market Size, Share & Growth Forecast by 2035