What are the recent trends in market size and growth for the health sensors market?
The health sensors market size has grown rapidly in recent years. It will grow from $60.73 billion in 2024 to $72.81 billion in 2025 at a compound annual growth rate (CAGR) of 19.9%. The growth in the historic period can be attributed to educational initiatives, health sensors help in managing healthcare costs by enabling early detection and intervention, expansion of the consumer electronics market, health sensors that can integrate with EHR systems have streamlined patient data management and continuous improvements in sensor accuracy and reliability have increased their adoption in critical health applications.
The health sensors market size is expected to see rapid growth in the next few years. It will grow to $148.48 billion in 2029 at a compound annual growth rate (CAGR) of 19.5%. The growth in the forecast period can be attributed to increasing government initiatives for the adoption of mHealth products, stringent regulatory requirements driving innovation in sensor accuracy and reliability, economic growth in emerging markets boosting healthcare spending, rise in lifestyle diseases requiring continuous monitoring and implementation of corporate wellness programs encouraging health sensor usage. Major trends in the forecast period include environmental sensors for health monitoring, enhanced data analytics and predictive health insights, innovation in fabric-integrated sensors, tailored healthcare solutions, and advances in biotechnology.
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Which major factors have contributed to the expansion of the health sensors market?
The shift towards home-based healthcare services is expected to propel the growth of the health sensors market going forward. Home-based healthcare services refer to a range of medical and non-medical services provided to individuals in their own homes to promote recovery, manage chronic illness, or assist with activities of daily living. Home-based healthcare services are on the rise due to an aging population, cost-effectiveness, advancements in technology, and preference for independence. Health sensors help home-based healthcare services by enabling remote monitoring of vital signs and health parameters, improving the quality of care and patient outcomes. For instance,in March 2024, Statistics Canada, a government agency, reported that the combined operating revenues of private and public nursing and residential care facilities grew to $39.1 billion in 2022. Therefore, the shift towards home-based healthcare services is driving the growth of the health sensors market.
How is the health sensors market segmented?
The health sensors market covered in this report is segmented –
1) By Product: Hand Held Diagnostic Sensors, Wearable Sensors, Ingestible Or Implantable Sensors
2) By Application: Chronic Illness And At Risk-Monitoring, Wellness Monitoring, Patient Admission Triage, Logistical Tracking, In Hospital Clinical Monitoring, Sensor Therapeutics, Post-Acute Care Monitoring, Other Applications
3) By End User: Hospitals And Clinics, Long-Term Care Centers And Nursing homes, Home Care Settings, Other End Users
Subsegments:
1) Hand Held Diagnostic Sensors: Glucose Monitoring Sensors, Blood Pressure Sensors, Thermometers, Pulse Oximeters, ECG Sensors
2) Wearable Sensors: Fitness Trackers, Smartwatches, Wearable ECG Monitors, Sleep Monitoring Sensors, Activity Monitors
3) Ingestible Or Implantable Sensors: Ingestible Pill Sensors, Implantable Glucose Sensors, Biometric Implantable Sensors, Ingestible Medication Adherence Sensors
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Who are the top competitors in the health sensors market?
Major companies operating in the health sensors market are Apple Inc., Samsung Electronics Co. Ltd., Johnson & Johnson, Abbott Laboratories, Medtronic plc, Nokia Corporation, Texas Instruments Incorporated, Koninklijke Philips N.V., Strykar Healthcare, GE HealthCare Technologies Inc., STMicroelectronics, Boston Scientific Corporation, Analog Devices Inc., OMRON Healthcare Inc., Garmin Ltd., Smiths Group plc, Dexcom Inc., Masimo Corporation, Nihon Kohden Corporation, Google Fitbit, Nonin, Sotera Inc., Empatica Inc., AliveCor Inc., Shimmer Sensing
Which key trends are expected to influence the health sensors market in the coming years?
Major companies operating in the health sensors market are developing continuous glucose monitoring (CGM) systems to provide real-time glucose monitoring for individuals with diabetes. Continuous glucose monitoring (CGM) systems are medical devices that provide real-time measurements of glucose levels in the interstitial fluid. For instance, in October 2022, Abbott Laboratories, a US-based healthcare company, launched FreeStyle Libre 3 system. The FreeStyle Libre 3 system is a continuous glucose monitoring (CGM) solution suitable for individuals aged 4 and above with diabetes, offering continuous glucose monitoring capabilities without the need for routine fingerstick tests, while also providing Medicare coverage subject to specific criteria and offering eligible patients one sensor at no cost, compatible with certain mobile devices through its app, featuring real-time glucose alarms, facilitating data sharing with healthcare providers, requiring a prescription for use.
Which regional trends are influencing the health sensors market, and which area dominates the industry?
North America was the largest region in the dominated market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the health sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Health Sensors Market Report 2025 Offer?
The health sensors market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Health sensors refer to devices that are used to monitor various physiological parameters or health-related data in individuals. The sensors can be worn on the body or incorporated into everyday objects, and they typically measure things such as heart rate, blood pressure, body temperature, oxygen saturation, glucose levels, and activity levels. Health sensors are used in healthcare settings for monitoring patients’ health status, diagnosing medical conditions, and managing chronic diseases.
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