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Global Body Worn Sensors Market – Industry Trends and Forecast to 2030

  • Healthcare
  • Upcoming Report
  • Jan 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Body Worn Sensors Market, By Sensor Types (Pressure Sensors, Motion Sensors, Temperature Sensors, Image Sensors, Position Sensors, Medical Based Sensor, Others), Application (Fitness and Wellness, Infotainment, Healthcare and Medical, Clinical Setting, Industrial and Military), Care Setting (Hospital, Home, Outpatient Clinic, Long-Term Care Facility), Type (Biosensors, Smart Watches, Wearable Patches, Hand Worn Terminals, Smart Clothing, and Others), Device Placement (Body Wear, Eye Wear, Foot Wear, Wrist Wear, Others), End-User (Manufacturing, Retail, Trade and Transportation, Government and Public Utilities, Healthcare, Media and Entertainment, Banking and Financial Services, Telecommunication, Information Technology, Others) – Industry Trends and Forecast to 2030.

Body Worn Sensors Market

 Body Worn Sensors Market Analysis and Size

According to World Health Organization statistics, the global per capita healthcare expenditure in 2017 was USD 1,064.741. The global healthcare expenditure per person increased from USD 864.313 in 2008 to USD 1,110.841 in 2018, with the United States leading the way with a healthcare expenditure of USD 10, 623.85 per capita in 2018. Domestic general government healthcare spending in the United States was USD 5355.79 in 2018, up from USD 3515.82 in 2008. These are some of the factors that have contributed to market growth in recent years.

Data Bridge Market Research analyses that the body worn sensors market which is USD 88.84 million in 2022, is expected to reach USD 512.82 million by 2030, at a CAGR of 24.5% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Body Worn Sensors Market Scope and Segmentation      

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Sensor Types (Pressure Sensors, Motion Sensors, Temperature Sensors, Image Sensors, Position Sensors, Medical Based Sensor, Others), Application (Fitness and Wellness, Infotainment, Healthcare and Medical, Clinical Setting, Industrial and Military), Care Setting (Hospital, Home, Outpatient Clinic, Long-Term Care Facility), Type (Biosensors, Smart Watches, Wearable Patches, Hand Worn Terminals, Smart Clothing, and Others), Device Placement (Body Wear, Eye Wear, Foot Wear, Wrist Wear, Others), End-User (Manufacturing, Retail, Trade and Transportation, Government and Public Utilities, Healthcare, Media and Entertainment, Banking and Financial Services, Telecommunication, Information Technology, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Siemens (Germany), General Electric (U.S.), Sensirion AG (Switzerland), Heimann Sensor GmbH (Germany), Dexter Research Center (U.S.), CARRE TECHNOLOGIES INC (Canada), Isansys Ltd. (India), Maxim Integrated (U.S.), MBIENTLAB INC (U.S.), Adidas AG (Germany), Analog Devices, Inc. (U.S.), TDK Corporation (Japan), ZOLL Medical Corporation (U.S.), Allegro MicroSystems, Inc. (U.S.), Koninklijke Philips N.V. (Netherlands)

Market Opportunities

  • Rising healthcare expenditure

Market Definition

Body-worn temperature sensors continuously monitor infants, the elderly, and patients' health parameters such as body temperature, heart rate, and pulse rate. Temperature sensors are embedded in wearable devices to monitor body temperature and activity. Because of the low level of human intervention required to operate these sensors, the demand for body-worn temperature sensors is increasing in the hospital sector. Furthermore, body-worn temperature sensors automatically record bodily activities at regular intervals.

Body Worn Sensors Market Dynamics

Drivers

  • Rising demand of physiological monitoring

Physiological monitoring aids in diagnosing and evaluating ongoing treatment for a wide range of people suffering from neurological, cardiovascular, and pulmonary disorders. Furthermore, home-based motion solutions promote individual independence, a major factor driving the demand for body-worn temperature. Other factors driving the market include increasing health-consciousness among informed individuals of all ages. Furthermore, rising demand across a wide range of applications such as mechanical, clinical, and infotainment is expected to drive the global market significantly during the forecast period.

  • Technological advancements

Technological advancements in body-worn sensors are expected to produce "hearables," which will allow notifications and data to be heard rather than read. The body worn temperature sensors market serves industries such as information technology, fitness and wellness, clinical settings, healthcare and medical, industrial, and military. Over the forecast period, the global body-worn temperature sensors market is expected to be driven by rising demand in the aforementioned application areas. Ambulatory/surgical, PACU, inpatient, ED, LTC, dialysis, and continuous glucose, temperature, and blood pressure monitoring may be in high demand in the medical industry. However, the high cost of sensors and the slow acceptance of these products are the major factors impeding global market growth.

Opportunities

  • Rising healthcare expenditure

According to the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change in National Health Expenditures (NHE) in the United States was 5.2% in 2020, compared to 4.5% in 2019. Furthermore, national health expenditures are expected to reach USD 6,192.5 billion in 2028, with per capita spending reaching USD 17,611 in the same year. These are significant indicators that are expected to generate lucrative business opportunities in the coming years.

Restraints/Challenges

  • High cost

Increased product costs and a decline in adoption rate are expected to hamper the growth of the body worn sensors market in the near future.

This body worn sensors market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the body worn sensors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on the Body Worn Sensors Market

Recent Developments

Global Body Worn Sensors Market Scope

The body worn sensors market is segmented on the basis of sensor types, type, application, care setting, device placement and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Sensor Types

  • Pressure Sensors
  • Motion Sensors
  • Temperature Sensors
  • Image Sensors
  • Position Sensors
  • Medical Based Sensor
  • Others

Application

  • Fitness and Wellness
  • Infotainment
  • Healthcare and Medical
  • Clinical Setting
  • Industrial and Military

 Care Setting

  • Hospital
  • Home
  • Outpatient Clinic
  • Long-Term Care Facility

Type

  • Biosensors
  • Smart Watches
  • Wearable Patches
  • Hand Worn Terminals
  • Smart Clothing
  • Others

Device Placement

  • Body Wear
  • Eye Wear
  • Foot Wear
  • Wrist Wear
  • Others

End-User

  • Manufacturing
  • Retail
  • Trade and Transportation
  • Government and Public Utilities
  • Healthcare
  • Media and Entertainment
  • Banking and Financial Services
  • Telecommunication
  • Information Technology
  • Others

Body Worn Sensors Market Regional Analysis/Insights

The body worn sensors market is analyzed and market size insights and trends are provided by country, sensor types, type, application, care setting, device placement and end user as referenced above.

The countries covered in the body worn sensors market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the body worn sensors market because of the early adoption of new technology. Furthermore, the continued dominance of smart watches, fitness bands, and wearable medical monitoring devices will drive the growth of the body worn sensors market during the forecast period.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 due to the expansion of healthcare infrastructure. Furthermore, rising per capita income is expected to drive the growth of the body worn sensors market in the region in the coming years.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The body worn sensors market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for body worn sensors market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the body worn sensors market. The data is available for historic period 2011-2021.

Competitive Landscape and Body Worn Sensors Market Share Analysis

The body worn sensors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to body worn sensors market.

Some of the major players operating in the body worn sensors market are:

  • Siemens (Germany)
  • General Electric (U.S.)
  • Sensirion AG (Switzerland)
  • Heimann Sensor GmbH (Germany)
  • Dexter Research Center (U.S.)
  • CARRE TECHNOLOGIES INC (Canada)
  • Isansys Ltd. (India)
  • Maxim Integrated (U.S.)
  • MBIENTLAB INC (U.S.)
  • Adidas AG (Germany)
  • Analog Devices, Inc. (U.S.)
  • TDK Corporation (Japan)
  • ZOLL Medical Corporation (U.S.)
  • Allegro MicroSystems, Inc. (U.S.)
  • Koninklijke Philips N.V. (Netherlands)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Body Worn Sensors Market is projected to grow at a CAGR of 24.5% during the forecast period by 2030.
The future market value of the Body Worn Sensors Market is expected to reach USD & projected USD 512.82 million by 2030.
The major players in the Body Worn Sensors Market are Siemens (Germany), General Electric (U.S.), Sensirion AG (Switzerland), Heimann Sensor GmbH (Germany), Dexter Research Center (U.S.), CARRE TECHNOLOGIES INC (Canada), Isansys Ltd. (India), etc.
The countries covered in the Body Worn Sensors Market are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, etc.
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