The Global Accelerometer Medical Sensors Market will Hit $7.3 Billion by 2028, at a CAGR of 13.3%

Published Date: 28-Feb-2023

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Accelerometer Medical Sensors Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Accelerometer Medical Sensors Market size is expected to reach $7.3 billion by 2028, rising at a market growth of 13.3% CAGR during the forecast period.

The Non-wearable segment is showcasing a CAGR of 14.6% during (2022 - 2028). The growth of the segment is owed to the increasing usage of non-wearable accelerometer medical sensors as they are less invasive and may observe actions in a realistic, naturalistic setting without interfering with a person's regular activities. Therefore, there is a greater emphasis on this study area to use unobtrusive supervision in real-life, naturalistic environments because non-wearable sensor technologies enable constant monitoring of older individuals' activities and recognizing the activity trends over time.

The Hospital & Clinics segment is leading the Global Accelerometer Medical Sensors Market by End-use in 2021 thereby, achieving a market value of $4.9 billion by 2028. This is due to a rise in cardiovascular disorders, increasing the need for coronary artery bypass surgeries, among the most commonly provided surgical treatment globally. These operations are often conducted in hospitals and clinics. An end-to-side anastomosis is typically performed during a sequential coronary artery bypass graft (CABG) treatment to join the target coronary artery and the graft's distal end.

The Wellness Monitoring segment has shown the growth rate of 13.6% during (2022 - 2028). Using tools like Fitbit, which tracks mobility and its intensity, wellness monitoring entails digital monitoring as well as tracking healthcare markers. The method aims to transform raw accelerometer statistics into useful data to better estimate the person's calorie expenditure and track their body movement while sleeping. The algorithm also assists in monitoring the subjects' blood pressure and heart rate. The growing use of wearable medical sensors for wellness monitoring drives the segment's growth.

The North America market dominated the Global Accelerometer Medical Sensors Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.4 billion by 2028. The Europe market is exhibiting a CAGR of 12.6% during (2022 - 2028). Additionally, The Asia Pacific market would display a CAGR of 14.2% during (2022 - 2028).

Full Report:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.

Global Accelerometer Medical Sensors Market Segmentation

By Product

  • Wearable
  • Non-wearable

By End-use

  • Hospital & Clinics
  • Others

By Application

  • Chronic illness & Risk-monitoring
  • Wellness Monitoring
  • In hospital clinical Monitoring
  • Sensor Therapeutics
  • Post-acute Care Monitoring

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • 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.
  • SOMNOmedics GmbH

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Related Reports:

North America Accelerometer Medical Sensors Market size & Opportunities 2022-2028

Europe Accelerometer Medical Sensors Market & Growth Forecast 2022-2028

Asia Pacific Accelerometer Medical Sensors Market Share & Industry Outlook to 2028

LAMEA Accelerometer Medical Sensors Market Growth, Trends & Forecasts 2022-2028

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