Accelerometers Medical Sensors Market Set to Surge at a Steady 7.5 %. CAGR, projected to reach USD 4
Author : rushikesh shirsath | Published On : 06 May 2024
In 2021, the market for Accelerometers Medical Sensors Market was worth $ 19 billion US dollars. AMR Group projects that the market will reach US$ 42 billion by 2031, growing at a CAGR of 7.5 percent between 2022 and 2031.
Medical accelerometers track motion, position, and more. They feature in devices such as monitors, pacemakers, and pressure cuffs. Their price hinges on their measurement range and sensitivity. For example, Analog Devices, Inc.'s I Sensor MEMS Accelerometer excels in motion and shock sensing. The rise in chronic illnesses boosts the need for sensors in clinics and home devices. It also increases demand for patient monitoring. This trend is expected to lift sales of medical sensors. MEMS technology has shrunk mechanical and electro-mechanical parts in sensors and semiconductors. This shrinkage happened through micro-fabrication and micro-machining techniques.
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Wearables Hold a Major Share:
The wearables category has a significant market share based on product. This is since it measures several health-related factors, including blood pressure, heart rate, and carbon dioxide level. Measuring these factors makes it easier for medical professionals and researchers to get answers and administer the right care. Additionally, this kind of product can be attached to daily-use items like clothes, shoes, headbands, and wristbands.
Wearable sensors are used to monitor, track, and measure several healthcare aspects, such as heart rate, pulse, blood pressure, oxygen level, sleep quality, and calorie intake. Because of the many benefits that accelerometer medical sensors offer, there is a growing market for them, and this trend is anticipated to continue in the upcoming years.
Dynamics of the Market:
Due to the rising incidence of chronic illnesses, the availability of favorable government initiatives, and the availability of reimbursement frameworks, the global market for medical accelerometers is predicted to expand. Additionally, the development of low-cost medical devices and technological advances in medical sensors are anticipated to increase demand for medical sensors soon, opening diagnostic gadgets to middle-class and low-income nations. About 80% of deaths in China among persons over 60 are caused by chronic noncommunicable diseases (NCDs), among which the most prevalent are Type 2 Diabetes, Ischemic Heart Disease, Stroke, and Chronic Obstructive Pulmonary Disease (COPD).
Accelerometers Medical Sensors Market Segmentation:
• MEMS Accelerometer
• Piezoelectric Accelerometer
By Technology
• CMOS
• MEMS
• NEMS
By Dimension
• 1-Axis
• 2-Axis
• 3-Axis
By End User
• Healthcare
• Automotive
• Aerospace and Défense
• Industrial
Competitive landscaping:
We're studying major Accelerometer Medical Sensors Market vendors to understand the competition. We compare their revenue, expenses, resources, products, regions, and market shares. Additionally, we look at their key initiatives, product launches, and related news. We are conducting a thorough Porter's Five Forces analysis. This will help us confirm our market ecosystem hypothesis and findings. Specifically, we are studying forces like competitive rivalry, supplier power, and more. We look at different factors that influence these forces.
Leading Companies in the World Market for Accelerometers Medical Sensors:
Actigraph, Aetna Inc., Analog Devices, Inc., BMC medicals, Cleveland, Compumedics, Fitbit Inc, Garmin, Honeywell International Inc., Infineon Technologies AG, KIONIX, Inc., Koninklijke Philips N.V., Matrix care, Microchip Technology Inc., Murata Manufacturing Co., Ltd., Northrop Grumman LITEF GmbH, Nox medicals, NXP Semiconductors, Qualcomm Technologies, Inc., Resmed, Robert Bosch GmbH, ROHM Co. LTD.,
The leading players of the Accelerometers Medical Sensors industry, their market share, product portfolio, company profiles are covered in this report. Key market players are analyzed since production volume, gross margin, market value, and price structure. The competitive market scenario among Accelerometers Medical Sensors players will help the industry aspirants in planning their strategies. The statistics presented in this report are an accurate and useful guide to shaping your business growth.
This research report also presents practical and practical case studies to help you get a clearer understanding of the topic. This research report has been prepared through industry analysis techniques and presented in a professional manner by including effective information graphics whenever necessary. It helps ensure business stability and rapid development to achieve notable remarks in the global Accelerometers Medical Sensors market.
Frequently Asked Questions About This Report:
1.How is the market for medical sensors using accelerometers growing?
2.Which companies dominate the medical sensor accelerometer market?
3.What are the market drivers for medical sensors that use accelerometers?
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