Accelerometer Medical Sensors Market

Global Accelerometer Medical Sensors Market

As stated in our extensive report; the Global Accelerometer Medical Sensors Market accounted for USD 3.7 Billion in the year 2022 and is projected to reach a value of USD 8.9 Billion by 2030.

The rising incidence of chronic diseases and the rise in the number of elderly people are the main drivers of market expansion. Furthermore, increased health awareness among individuals has led to an increase in demand for low-cost, easy-to-use Accelerometer Medical Sensors. Additionally, it is anticipated that during the forecast period, a greater number of people would collect and track data regarding their health behaviours.

The market for Accelerometer Medical Sensors is organized by application into monitoring for post-acute care, wellness, in-hospital clinical monitoring, chronic illness & risk-monitoring, and monitoring for wellbeing. In terms of revenue, the market for Accelerometer Medical Sensors was dominated in 2021 by the segment that tracked chronic illnesses and risks. Congestive heart failure (CHF) and hyperlipidaemia are two cardiovascular diseases whose prevalence has increased, which can be blamed for the segment’s growth.

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Additionally, it is predicted that elements like unhealthy lifestyles, an increase in stress, and bad eating and sleeping habits would lead to an increase in the prevalence of chronic diseases. The medical sensor market for accelerometers is classified into wearable and non-wearable products based on product. In terms of revenue, the wearable category led the market for medical accelerometer sensors in 2021. It is now possible to measure and monitor a person’s motions and physiological activities thanks to medical sensors with wearable accelerometers. Medical sensors with wearable accelerometers can be mounted to the body, as well as to clothing, footwear, headbands, and wristbands. Utilizing wearable sensors, a variety of health indicators are tracked, monitored, and recorded, including blood pressure, pulse, heart rate, caloric intake, and others.

Key factors influencing Accelerometer Medical Sensors Market Growth

The growth of the global Accelerometer Medical Sensors market can be attributable to the following: 

1. In accordance product, the wearable dominated the market for medical accelerometer sensors. Individuals are able to assess and track their physiological and physical activities thanks to wearable Accelerometer Medical Sensors.
2. Due to a growth in the prevalence of cardiovascular and respiratory disorders, the chronic illness & risk-monitoring segment dominates the accelerometer medical sensor market in terms of revenue.
3. Due to its established healthcare infrastructure, high healthcare spending, presence of major market competitors, and quick adoption of cutting-edge technologies, North America held a dominating position in the accelerometer medical sensor market in 2022.
4. In terms of revenue, the hospital and clinics segment dominated the market for Accelerometer Medical Sensors. This is explained by an increase in cardiovascular disorders, which are leading to an increase in coronary artery bypass surgeries, one of the most common surgeries performed globally. These operations are often carried out in hospitals and clinics.

North America Region Expected to Lead the Market 

The Accelerometer Medical Sensors market in North America, Europe, Asia Pacific, and LAMEA is analyzed regionally. In terms of revenue, the North America held the held the largest market share in 2021. This can be attributed to a number of things, such as the region’s well-established healthcare infrastructure, high healthcare spending, the presence of dominant market competitors, and the rapid adoption of cutting-edge technologies. Other factors that are anticipated to drive market expansion include the increased number of accidents, sports-related injuries, and lifestyle-related health conditions.

Moreover, China and India have the highest prevalence of diabetes in the globe, making them the most affected nations. The International Diabetes Federation (IDF) estimated that around 90.0 million people (20–79) in the South-East Asia (SEA) Area of the IDF had diabetes as of December 2021.

Also, during the projected period, emerging economies like China, South Korea, and India are anticipated to have significant development. It is predicted to accelerate the expansion of the market for Accelerometer Medical Sensors.

Conclusion

Growing demand for novel medical devices, expansions and technological innovations augmenting the Accelerometer Medical Sensors market sales.

Some of the key players in the Global Accelerometer Medical Sensors Market include- Koninklijke Philips N.V. (Netherlands), Analog Devices Inc. (U.S.), Fit bit Inc. (U.S.), Garmin (U.S.), BMC Medicals (India), Resmed (U.S.), Somno Medics (Germany), Compumedics (Australia) and others.