Accelerometer Medical Sensors Market to Reach Valuation of USD 8.9 Billion by 2030 – Growth in the Usage of Accelerometer Medical Sensors Market in Automotive Application Drives the Market

In terms of revenue, the Global Accelerometer Medical Sensors Market is expected to reach USD 8.9 Billion by 2030, growing at a CAGR (Compound Annual Growth Rate) of 13.5% from 2023 to 2030.

Disposable medical sensors are handheld, small, and portable devices used to support patient monitoring, diagnostics, and therapies. As they monitor vital signs including pulse rate, temperature, breathing rate, blood oxygenation level, and others, they are useful for both in-person and remote patient supervision. Several medical professions, such as neurology, radiology, ophthalmology, cardiology, and others, use them. This report on the global market for disposable medical devices sensors details recent developments, trade regulations, import-export analysis, production analysis, value chain optimisation, market share, impact of domestic and localised market players, and analyses opportunities in terms of emerging revenue pockets, market regulations changes, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, production.

Key Highlights from the Report

· Based on End Use, the construction segment dominates the Accelerometer Medical Sensors market with the maximum market share and will continue to dominate in the forecast period.

· In terms of Region, North America holds the significant market share within the Accelerometer Medical Sensors market and will continue to dominate during the forecast period.

Market Dynamics

The global Accelerometer Medical Sensors market is expected to grow due to the prevalence of chronic diseases and the availability of favorable government initiatives as well as reimbursement frameworks. Furthermore, the evolution of low-cost medical devices & technological advancements in medical sensors are expected to boost demand for Accelerometer Medical Sensors during the forthcoming years, allowing middle-income and low-income countries to gain access to diagnostic devices. Chronic noncommunicable diseases (NCDs) account for approximately 80% of mortality in China among adults aged 60, with Ischemic Heart Disease, Stroke, Chronic Obstructive Pulmonary Disease (COPD), and Type 2 Diabetes being the most common.

Technological advancements are spurring the Accelerometer Medical Sensors market by enabling the development of further modern equipment that incorporate advanced technologies and components in the cancer tracking sensor, Micro-Electro-Mechanical Systems (MEMS) sensor technology, as well as fiber optic technology. With modern lifestyle, the need for convenience and better infrastructure, there is a rise in demand for new products, which is driving innovation. The primary driver of the trend toward wearable medical sensor devices used at home is an ageing population that is perennially ill and disabled. As a result, producers are likely to develop medical devices that people with the disease can carry covertly even in public places. Furthermore, cost and complexity concerns are expected to stymie the market growth of Accelerometer Medical Sensors.

The market for Accelerometer Medical Sensors was dominated by the wearables category, and throughout the projected period, this market is expected to grow at the greatest CAGR. Medical sensors with wearable accelerometers allow for the measurement and monitoring of a person's physiological and physical activities. Wearable Accelerometer Medical Sensors can be fastened to clothing, footwear, headbands, wristbands, or the body directly. Wearable sensors are used to track, monitor, and record a number of healthcare indicators, including blood pressure, pulse, calorie intake, heart rate, etc. Consequently, it is projected that demand for these devices will rise over the forecast period as a result of the wearable Accelerometer Medical Sensors' many advantages.

The Global Accelerometer Medical Sensors Market is Segmented as follows

• Product
  • Wearable
  • Non-Wearable
• Application
  • Chronic Illness & at Risk-Monitoring
  • Wellness Monitoring
  • In Hospital Clinical Monitoring
  • Sensor Therapeutics
  • Post-acute Care Monitoring
• End-Use
  • Hospitals & Clinics
  • Others (Ambulatory Surgical Centers, Long-term Facilities, Home Care)
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

List of the Key Players of the Global Accelerometer Medical Sensors Market is

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), Cleveland (U.S.), Matrix Care (U.S.), Nox Medicals (U.S.), Actigraph (U.S.), Aetna Inc. (U.S.)

The Global Market Scope can be Tabulated as below