The global Wearable Patient Sensor Market is forecast to reach USD 63.67 Million by 2027, according to a new report by Reports and Data. Wearable sensors in this statement commit to the sensors which are used in smart medical wearable devices. For a better perception of various components of this pharmaceutical industry, the business has been classified as position sensors, inertial sensors, medical-based sensors, motion sensors, pressure sensors, temperature sensors, and others. Others are the level of sensors like humidity sensors and gas sensors. Based on the application, the other section includes smart headwear, neckwear, and based on end-users, the other group.
The important factors propelling the market expansion are the introduction of wearable sensors for infants at home and the quick changes in sensor technology for remote patient monitoring. Although increasing power consumption is one of the main factors limiting the market's expansion, privacy and security are some of the crucial features of wearable sensor devices.
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Further key findings from the report suggest
- The wearable sensors market accounted for USD 10.28 million in 2019 and is expected to grow at a CAGR of 24.7% from 2019 to 2027
- The Smart Wristwear segment is anticipated to grow significantly and is expected to grow at a high rate over the forecast period
- The Smart Body wears segment dominated the market in 2019 and is forecasted to reach an estimated USD 17.83 million in 2027.
- The consumer vertical emerged as the dominant segment and is anticipated to generate revenue of over USD 14.26 million by 2027.
- The growing demand for wearable sensors in defense is expected to witness moderate growth during the forecast period.
- North America is expected to be the fastest-growing region over the forecast period. Numerous enterprises and several new players have been investing in advanced sensor products. The market in this region is expected to exhibit a CAGR of 24.7% over the forecast period.
Key Players covered in this report are
Fitbit, Inc, Verily Life Sciences, Cyrcadia Asia Limited, Karnak (US), VitalConnect, Minttihealth, OMRON Corporation, Abbott Laboratories, Koninklijke Philips N.V., Medtronic plc, among others.
Type Outlook (Revenue, USD Million; 2017-2027)
- Motion Sensors
- Medical-Based Sensors
- Image Sensors
- Position Sensors
- Pressure Sensors
- Inertial Sensor
Application Outlook (Revenue, USD Million; 2017-2027)
- Smart Wristwear
- Smart Glasses
- Smart Bodywears
- Smart Footwears
End-User Outlook (Revenue, USD Million; 2017-2027)
- Consumer End-users
- Healthcare End-users
- Enterprise End-users
- Industrial End-users
Key Regional Markets Covered in the Report:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, Spain, France, BENELUX, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Major Points covered in this report are as below:
• The Wearable Patient Sensor industry development trends and marketing channels are analyzed. The feasibility of new investment projects are assessed and overall research conclusions offered.
• With the tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
• Development policies and plans, manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price, revenue and gross margins.
• The Wearable Patient Sensor Market report provides key statistics on the market status of the Wearable Patient Sensor manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
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