Published on : Mar 17, 2017
ALBANY, NY, March 17, 2017: The report offers invaluable insights into the various important parameters of the global wearable health sensors market, including its dynamics, region-wise outlook, and competitive scenario. All the statistics pertaining to the market are presented in the report for the period between 2016 and 2022.
The rapid advancements in the wireless technology are providing a significant momentum to the global wearable health sensors market. The proliferation of smartphones along with their powerful application storage processing and capabilities is also working in favor of the market. Moreover, the growing popularity of remote patient monitoring is translating into the greater uptake of wearable sensors. These sensors are helpful in directly sending patients’ data to the physician.
On the other hand, the lack of standardization and unaddressed interoperability issues are hampering the growth of the market. Furthermore, the high cost of these sensors is limiting their widespread adoption among end users. Nevertheless, the miniaturization of physiological sensors and improvement in the battery sizes and lives are likely to augur well for the growth of the market in the near future.
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On the basis of product, the global wearable health sensors market can be divided into temperature sensors, ECG, blood sensors, motion sensors, and gyroscopes. Each segment in the report is analyzed based on price, production, revenue, market share, and growth rate. In terms of end users, the market is segmented into less than 18 years, 18–40 years, 41–60 years, and above 60 years. Each segment is reviewed based on consumption (sales), growth rate, and market shares.
The key regions covered in the report are North America, Europe, India, Southeast Asia, Japan, and China. North America is expected to account for a substantial share in the market throughout the review period. The presence of sophisticated healthcare infrastructure along with the rapid advancements in the wearable sensor technology is providing a fillip to the growth of the region. The growth of China and India can be attributed to the widening base of patient population and increasing consumer spending on healthcare. Europe is one of the potential markets for wearable health sensors, with countries such as the U.K., France, and Germany being at the forefront of growth.
The report profiles top manufacturers in the global wearable health sensors market along with their market shares, price and revenue structure, and business strategies. Some of the key players are Panasonic Corporation, General Electric, Emerson Electric Company, NXP Semiconductors N.V., Wearable Technologies, Analog Devices, Inc., Texas Instruments Incorporated, Honeywell International Inc., Siemens AG, STMicroelectronics, ABB Ltd., and Maxim Integrated Products.
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