The Europe Accelerometer Medical Sensors Market would witness market growth of 12.6% CAGR during the forecast period (2022-2028).
People's awareness of their health has grown, so has the desire for low-cost, simple-to-use home-based accelerometer medical sensors. Also, it is anticipated that the number of people who record and track data pertaining to their medical practices will increase during the projection period. The rising proportion of people suffering from diabetes has increased. Hence, developments like "Diabetes Pal," an app designed exclusively for persons with type 2 diabetes, is available for mobile devices to track and monitor diabetes.
It allows users to instantly evaluate their blood glucose data from their diabetes meter through Bluetooth or manually insert the glucose readings into the app. Moreover, smart electronic gadgets like fitness bands and activity trackers contain accelerometer medical sensor devices worn near or on the skin. They may detect or analyze data related to human activity, including blood pressure, body motions, heart rate, and many other things. As a result, the collection of human health information for data-driven research in the domain of health informatics has increased because of wearable medical sensor technologies.
The healthcare systems in Europe benefit from being heavily centralized and supported by the public sector. Therefore, they are in a good position to gain from digital health initiatives centered on the safe gathering, storage, and analysis of data from numerous patients utilizing wearables and other portable monitoring devices. For example, Estonia in Eastern Europe is transforming into an e-health nation where information from wearables, as well as other monitoring devices, is used to raise healthcare standards. Hence, the rapid implementation of data from medical sensors in primary healthcare information has increased the acceptance of wearable and non-wearable medical sensors in the region. This is beneficial for expanding the accelerometer medical sensors market in the region.
The Germany market dominated the Europe Accelerometer Medical Sensors Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $486.6 Million by 2028. The UK market is estimated to grow a CAGR of 11.7% during (2022 - 2028). Additionally, The France market would experience a CAGR of 13.5% during (2022 - 2028).
Based on Product, the market is segmented into Wearable and Non-wearable. Based on End-Use, the market is segmented into Hospital & Clinics and Others. Based on Application, the market is segmented into Chronic illness & Risk-monitoring, Wellness Monitoring, In hospital clinical Monitoring, Sensor Therapeutics, and Post-acute Care Monitoring. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Accelerometer Medical Sensors Market will Hit $7.3 Billion by 2028, at a CAGR of 13.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fitbit, Inc (Google LLC), Analog Devices, Inc., Koninklijke Philips N.V., ResMed, Inc., Compumedics Limited, Garmin Ltd., Aetna, Inc. (CVS Pharmacy, Inc.), BMC Medical Co., Ltd., and SOMNOmedics GmbH.
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