Body Worn Sensors Market Size to Reach USD 512.82 Million Globally with Growing CAGR of 24.5% by 2030
Global Body Worn Sensors Market report, unswerving efforts of enthusiastic, dynamic and skilled researchers and analysts have been utilized. Evaluations about the CAGR value variations for specific forecast period, market drivers, market restraints, and competitive strategies are measured in the business report. Two of the most widely used techniques namely SWOT analysis and Porter’s Five Forces Analysis have been applied in the whole report while preparing it. Global Body Worn Sensors Marketresearch report gives wide-ranging analysis of the market structure along with evaluations of the various segments and sub-segments of the market.
Data Bridge Market Research analyses that the body worn sensors market which is USD 88.84 million in 2022, is expected to reach USD 512.82 million by 2030, at a CAGR of 24.5% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Body Worn Sensors Market Analysis and Size
According to World Health Organization statistics, the global per capita healthcare expenditure in 2017 was USD 1,064.741. The global healthcare expenditure per person increased from USD 864.313 in 2008 to USD 1,110.841 in 2018, with the United States leading the way with a healthcare expenditure of USD 10, 623.85 per capita in 2018. Domestic general government healthcare spending in the United States was USD 5355.79 in 2018, up from USD 3515.82 in 2008. These are some of the factors that have contributed to market growth in recent years.
Market Overview:
Body-worn temperature sensors continuously monitor infants, the elderly, and patients’ health parameters such as body temperature, heart rate, and pulse rate. Temperature sensors are embedded in wearable devices to monitor body temperature and activity. Because of the low level of human intervention required to operate these sensors, the demand for body-worn temperature sensors is increasing in the hospital sector. Furthermore, body-worn temperature sensors automatically record bodily activities at regular intervals.
Drivers
- Rising demand of physiological monitoring
Physiological monitoring aids in diagnosing and evaluating ongoing treatment for a wide range of people suffering from neurological, cardiovascular, and pulmonary disorders. Furthermore, home-based motion solutions promote individual independence, a major factor driving the demand for body-worn temperature. Other factors driving the market include increasing health-consciousness among informed individuals of all ages. Furthermore, rising demand across a wide range of applications such as mechanical, clinical, and infotainment is expected to drive the global market significantly during the forecast period.
- Technological advancements
Technological advancements in body-worn sensors are expected to produce “hearables,” which will allow notifications and data to be heard rather than read. The body worn temperature sensors market serves industries such as information technology, fitness and wellness, clinical settings, healthcare and medical, industrial, and military. Over the forecast period, the global body-worn temperature sensors market is expected to be driven by rising demand in the aforementioned application areas. Ambulatory/surgical, PACU, inpatient, ED, LTC, dialysis, and continuous glucose, temperature, and blood pressure monitoring may be in high demand in the medical industry. However, the high cost of sensors and the slow acceptance of these products are the major factors impeding global market growth.
Some of the major players operating in the body worn sensors market are:
- Siemens (Germany)
- General Electric (U.S.)
- Sensirion AG (Switzerland)
- Heimann Sensor GmbH (Germany)
- Dexter Research Center (U.S.)
- CARRE TECHNOLOGIES INC (Canada)
- Isansys Ltd. (India)
- Maxim Integrated (U.S.)
- MBIENTLAB INC (U.S.)
- Adidas AG (Germany)
- Analog Devices, Inc. (U.S.)
- TDK Corporation (Japan)
- ZOLL Medical Corporation (U.S.)
- Allegro MicroSystems, Inc. (U.S.)
- Koninklijke Philips N.V. (Netherlands)
To Gain More Insights into the Market Analysis, Browse the Summary of the Research Report@ https://www.databridgemarketresearch.com/reports/global-body-worn-sensors-market?Shri
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
Body Worn Sensors Market Scope
Sensor Types
- Pressure Sensors
- Motion Sensors
- Temperature Sensors
- Image Sensors
- Position Sensors
- Medical Based Sensor
- Others
Application
- Fitness and Wellness
- Infotainment
- Healthcare and Medical
- Clinical Setting
- Industrial and Military
Care Setting
- Hospital
- Home
- Outpatient Clinic
- Long-Term Care Facility
Type
- Biosensors
- Smart Watches
- Wearable Patches
- Hand Worn Terminals
- Smart Clothing
- Others
Device Placement
- Body Wear
- Eye Wear
- Foot Wear
- Wrist Wear
- Others
End-User
- Manufacturing
- Retail
- Trade and Transportation
- Government and Public Utilities
- Healthcare
- Media and Entertainment
- Banking and Financial Services
- Telecommunication
- Information Technology
- Others
Browse Detailed Summary of Research Report with TOC: https://www.databridgemarketresearch.com/toc/?dbmr=global-body-worn-sensors-market&Shri
Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
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