DUBLIN — (BUSINESS WIRE) — July 19, 2017 — The "Wearable Health Sensor Market - Forecasts from 2017 to 2022" report has been added to Research and Markets' offering.
The wearable health sensor market is expected to grow at a CAGR of 63.61% over the projected period to reach US$1,955 million by 2022, from US$170.252 million in 2017.
Rising global aging population and growing cases of chronic diseases such as cancer, diabetes and cardiovascular disease across the globe are some of the key drivers of global wearable health sensor market, as theses sensors provide continuous real-time feeds of vital signs of the patient and also alert the medical center in case of any anomalies. Moreover, technological advancements in the industry coupled with declining prices of sensors are further propelling the demand of these sensors.
Others additional growth factors include miniaturization of physiological sensors, improvement in battery sizes, and advancements with respect to the sensor accuracy. However, restraints such as data security and compliance issues, low consumer awareness regarding the benefits of these sensors, lack of clarity in health communication protocols and standards will hinder the market growth during the forecast period.
A growing healthcare industry along with rising costs of medical treatments in hospitals in European region will escalate the demand for wearable health sensors in the region during the forecast period. Asia Pacific region is anticipated to witness the fastest market growth due to the presence of a large number of sensor manufacturers in the region, along with increasing adoption of sensor-enabled devices for health applications. Furthermore, growing awareness regarding good health and fitness will boost the demand for health and fitness sensors in the region.
Companies Mentioned
- Panasonic Corporation
- NXP Semiconductors
- Analog Devices
- Infineon Technologies
- Samsung
- Sony
- Motorola
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Global Wearable Health Sensor Market Forecast by Type (US$ million)
6. Global Wearable Health Sensor Market Forecast by Geography (US$ million)
7. Competitive Intelligence
8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/s83wvk/wearable_health
View source version on businesswire.com: http://www.businesswire.com/news/home/20170719005916/en/
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