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Wearable Health Sensors Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR72015
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The wearable health sensors market share is expected to increase by USD 623.12 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 12.20%.

This wearable health sensors market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers wearable health sensors market segmentation by type (heart rate sensors, pedometers, and pressure and temperature sensors) and geography (North America, APAC, Europe, South America, and MEA). The wearable health sensors market report also offers information on several market vendors, including Apple Inc., Infineon Technologies AG, Intel Corp., NXP Semiconductors NV, Panasonic Corp., Robert Bosch GmbH, STMicroelectronics NV., TDK Corp., TE Connectivity Ltd., and Texas Instruments Inc. among others.

What will the Wearable Health Sensors Market Size be During the Forecast Period?

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Wearable Health Sensors Market: Key Drivers, Trends, and Challenges

The growing awareness and preference for home healthcare is notably driving the wearable health sensors market growth, although factors such as data privacy issue may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the wearable health sensors industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Wearable Health Sensors Market Driver

Key Wearable Health Sensors Market Driver

One of the key factors driving the global wearable health sensors market growth is the growing awareness and preference for home healthcare. The home healthcare market is expected to grow owing to the growing elderly population and rising incidence of target diseases such as dementia, Alzheimer's, and orthopedic diseases. The rapid increase in treatment costs has encouraged health organizations to come up with more cost-effective options such as COVID-19 testing at home. Factors such as 10%-25% savings on their overall medical treatment costs and the quick consultation with the doctors (due to modern networking) will increase the demand for home healthcare, thereby facilitating the growth of the wearable health sensors market during the forecast period.

Key Wearable Health Sensors Market Challenge

One of the major challenges impeding the global wearable health sensors market growth is the data privacy issue. These small sensors store huge amounts of vital and sensitive information of the users such as location-based information. For instance, users of Google Glass must share their location while checking in to Foursquare (a location-based service app), and the information is stored in its database. The leakage of these stored data in the wearable devices of an individual can lead to a serious security threat, which is a major concern for the users. Such factors can hamper the demand for wearable health sensors, which can potentially restrict the growth of the market in focus during the forecast period.

This wearable health sensors market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the wearable health sensors market during the forecast period.

Who are the Major Wearable Health Sensors Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Apple Inc.
  • Infineon Technologies AG
  • Intel Corp.
  • NXP Semiconductors NV
  • Panasonic Corp.
  • Robert Bosch GmbH
  • STMicroelectronics NV.
  • TDK Corp.
  • TE Connectivity Ltd.
  • Texas Instruments Inc.

 

This statistical study of the wearable health sensors market encompasses successful business strategies deployed by the key vendors. The wearable health sensors market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The wearable health sensors market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Wearable Health Sensors Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the wearable health sensors market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Wearable Health Sensors Market?

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44% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for wearable health sensors in North America. Market growth in this region will be faster than the growth of the market in APAC, Europe, South America, and MEA.

The rapid technological advances and significant change in consumer preferences over the use of electronic devices will facilitate the wearable health sensors market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Wearable Health Sensors Market?

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The wearable health sensors market share growth by the heart rate sensors segment will be significant during the forecast period. The introduction of low-cost products with multiple features such as heart rate sensors and pulse readings will drive the market growth through this segment in the coming years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the wearable health sensors market size and actionable market insights on post COVID-19 impact on each segment.

 

Wearable Health Sensors Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 12.20%

Market growth 2022-2026

$ 623.12 million

Market structure

Fragmented

YoY growth (%)

11.07

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

North America at 44%

Key consumer countries

US, Canada, China, Germany, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Apple Inc., Infineon Technologies AG, Intel Corp., NXP Semiconductors NV, Panasonic Corp., Robert Bosch GmbH, STMicroelectronics NV., TDK Corp., TE Connectivity Ltd., and Texas Instruments Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Wearable Health Sensors Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive wearable health sensors market growth during the next five years
  • Precise estimation of the wearable health sensors market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the wearable health sensors industry across North America, APAC, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of wearable health sensors market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Heart rate sensors - Market size and forecast 2021-2026
    • Pedometers - Market size and forecast 2021-2026
    • Pressure and temperature sensors - Market size and forecast 2021-2026
    • Market opportunity by Type

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2021-2026
    • APAC - Market size and forecast 2021-2026
    • Europe - Market size and forecast 2021-2026
    • South America - Market size and forecast 2021-2026
    • MEA - Market size and forecast 2021-2026
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Apple Inc.
    • Infineon Technologies AG
    • Intel Corp.
    • NXP Semiconductors NV
    • Panasonic Corp.
    • Robert Bosch GmbH
    • STMicroelectronics NV.
    • TDK Corp.
    • TE Connectivity Ltd.
    • Texas Instruments Inc.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The wearable health sensors market growth will increase by $623.12 million during 2021-2026.
    The wearable health sensors market is expected to grow at a CAGR of 12.20% during 2021-2026.
    Technavio has segmented the wearable health sensors market by type (Heart rate sensors, Pedometers, and Pressure and temperature sensors) and geographic (North America, APAC, Europe, South America, and MEA).
    Apple Inc., Infineon Technologies AG, Intel Corp., NXP Semiconductors NV, Panasonic Corp., Robert Bosch GmbH, STMicroelectronics NV., TDK Corp., TE Connectivity Ltd., Texas Instruments Inc. are a few of the key vendors in the wearable health sensors market.
    North America will register the highest growth rate of 43.68% among the other regions. Therefore, the wearable health sensors market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the wearable health sensors market growth are:
    • Growing awareness and preference for home healthcare
    The wearable health sensors market vendors should focus on grabbing business opportunities from the heart rate sensors segment as it accounted for the largest market share in the base year.
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