Global Accelerometer Medical Sensors Market Size To Worth USD 15,281.27 Million By 2033 | CAGR Of 14.08%
Category: HealthcareGlobal Accelerometer Medical Sensors Market Size To Worth USD 15,281.27 Million By 2033 | CAGR Of 14.08%
According to a research report published by Spherical Insights & Consulting, the Global Accelerometer Medical Sensors Market Size is Expected to Grow from USD 4,093.42 Million in 2023 to USD 15,281.27 Million by 2033, at a CAGR of 14.08% during the forecast period 2023-2033.
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Browse key industry insights spread across 201 pages with 111 Market data tables and figures & charts from the report on the "Global Accelerometer Medical Sensors Market Size, Share, and COVID-19 Impact Analysis, By Product (Non-Wearable and Wearable), By Application (Sensor Therapeutics, Wellness Monitoring, Chronic Illness and its Risk Monitoring, Wellness Monitoring, and In-Hospital Clinical Monitoring), By End-User (Ambulatory Surgical Centers, Long-Term Facilities, and Hospitals & Clinics), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/accelerometer-medical-sensors-market
The accelerometer medical sensors market focuses on developing, manufacturing, and distributing accelerometer-based medical sensors for monitoring physical activity, patient movement, and physiological parameters in healthcare facilities. These sensors are crucial for health monitoring, including human activity identification, sports activities, energy expenditure estimation, posture monitoring, and detecting sudden falls in the elderly. Government initiatives, such as the Ayushman Bharat Digital Mission in India and Digital India, have increased demand for these sensors. Accelerometers are used for gait analysis in clinical conditions, including orthopedic and neurological conditions, tailored to specific diseases like Parkinson's disease, Huntington's disease, Cerebral Palsy, and orthopedic injuries. The increasing prevalence of chronic diseases, such as anxiety, asthma, deafness, and arthritis, has expanded the use of accelerometer medical sensors for measuring various physical and hematological parameters. The market growth is accelerated by government initiatives and optimistic features. The market is expected to be influenced by technological advancements like MEMS sensor technology, fiber optic technology, and cancer-tracking sensor technology, which are crucial for calibrating medical equipment and improving precision in surgical procedures. However, high development costs might impede the growth of the market.
The wearable segment held the highest share of 65.05% in 2023 and is predicted to grow at a significant CAGR during the predicted period.
Based on the product, the global accelerometer medical sensors market is categorized as non-wearable and wearable. Among these, the wearable segment held the highest share of 65.05% in 2023 and is predicted to grow at a significant CAGR during the predicted period. The segmental expansion is driven by the rise in wearable devices, which allow users to input glucose values, and analyze their measurements via Bluetooth, and technological innovations like MEMS accelerometers, which track physiological activities, healthcare points, and fitness bands and smartwatches.
The chronic illness and its risk monitoring segment accounted for the highest market share of 24.83% in 2023 and is expected to grow at a substantial CAGR throughout the projected timeframe.
Based on the application, the global accelerometer medical sensors market is categorized as sensor therapeutics, wellness monitoring, chronic illness and its risk monitoring, wellness monitoring, and in-hospital clinical monitoring. Among these, the chronic illness and its risk monitoring segment accounted for the highest market share of 24.83% in 2023 and is expected to grow at a substantial CAGR throughout the projected timeframe. Chronic diseases, sedentary lifestyles, demand for innovative sensors, geriatric population, and government awareness of chronic diseases contribute to this segment's dominance.
The hospitals and clinics segment dominated the market with 61.34% of the share in 2023 and is predicted to grow at a significant CAGR throughout the predicted timeframe.
Based on the application, the global accelerometer medical sensors market is categorized as ambulatory surgical centers, long-term facilities, and hospitals & clinics. Among these, the hospitals and clinics segment dominated the market with 61.34% of the share in 2023 and is predicted to grow at a significant CAGR throughout the predicted timeframe. The growth of this segment is attributed to increased emergency patient admissions, increased bypass surgeries, angioplasty, rheumatoid arthritis, osteoarthritis, total knee arthroplasty, and the use of accelerometer medical sensors in Parkinson's disease gait analysis.
North America is expected to hold the greatest share of the global accelerometer medical sensors market over the forecast period.
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North America is expected to hold the greatest share of the global accelerometer medical sensors market over the forecast period. The rise in accidents, chronic diseases, sedentary lifestyles, geriatric populations, clinical trials, research innovations, healthcare expenditure, government funding, medical sensor manufacturing companies’ saturation, and advanced technologies are contributing factors to the global healthcare crisis resulting in market growth.
Asia Pacific is predicted to hold the fastest-growing region of the global accelerometer medical sensors market throughout the estimated period. The increasing burden of target diseases, the aging population, unhealthy lifestyles among children, and acute ischemic chronic illness are contributing factors to the growing need for accelerometer medical sensor equipment in APAC nations. In 2019, cardiovascular diseases were the leading cause of death in the Asia-Pacific region, with nearly 39% of these deaths affecting individuals under 70 years old.
Major key players in the global accelerometer medical sensors market are Actigraph, Resmed, Fitbit Inc., Nox Medicals, BMC Medicals, Analog Devices, Inc., Compumedics Ltd., Aetna Inc., Matric Care, Somno Medics, Cleveland, Garmin, Koninklijke Philips N.V., and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In April 2024, IMI Sensors manufacturer of industrial vibration monitoring instrumentation, developed a Model 674A91, a fully programmable accelerometer featuring IO-Link universal protocol. This model is designed with piezoelectric technology for the most precise and inclusive machine health data. Model 674A91 is designed for industrial asset mounting with a 4-pin M12 connector connected to an IO-Link Master, providing 24 VDC, sensor communication, and factory network information.
- In January 2024, Bosch Sensortech launched the BMA530 and BMA580 the world’s smallest accelerometers. These models are associated with in-built features making them easy to operate. BMA530 tracks activities with its step counter and is especially suitable for wearables and BMA580 targets hearables with voice activity detection.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global accelerometer medical sensors market based on the below-mentioned segments:
Global Accelerometer Medical Sensors Market, By Product
- Non-wearable
- Wearable
Global Accelerometer Medical Sensors Market, By Application
- Sensor Therapeutics
- Wellness Monitoring
- Chronic Illness and Risk Monitoring
- Post-Acute Care Monitoring
- In-Hospital Clinical Monitoring
Global Accelerometer Medical Sensors Market, By End-User
- Ambulatory Surgical Centers
- Longterm Facilities
- Hospitals & Clinics
Global Accelerometer Medical Sensors Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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