Global Accelerometer Medical Sensors Market is valued at approximately USD 3.14 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 14.15% over the forecast period 2022-2029. Accelerometer Medical Sensors is a tool that helps detect the motion of a body or an object. Accelerometer Medical Sensors are used in medical devices to detect various abnormalities in our bodies. Medical sensors with wearable accelerometers make it possible to measure and monitor a person's movements and physiological activities. Rising incidence of chronic diseases, rising health awareness among individuals, and product development & innovation are the factors driving the growth of the market.
According to the Health, Pharma & Medtech research department, global cardiovascular diseases accounted for around 17.9 million deaths in the year 2019, and in 2020, it was estimated that the deaths caused by lung cancer were around 1.8 million. Rising health expenditure shows the rise in health awareness among individuals. For instance, according to the WHO, the growth in health spending to a new record of US $9 trillion or almost 11% of global GDP was driven by sharp increases in government spending on health at all income levels in the year 2020. Therefore, the Rising incidence of chronic diseases and rising health awareness among individuals are the major factors driving the growth of the market. Another important component driving market increase is product development & innovation. Furthermore, the increasing number of individuals tracking their health and increasing research & development of accelerometer Medical Sensors are the factors creating major market opportunities. However, a Slight rate of the inaccuracy of Accelerometer Medical Sensors stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Accelerometer Medical Sensors Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the well-established healthcare infrastructure, increasing prevalence of chronic or lifestyle diseases, presence of key market players, and rising adoption of advanced technologies. Asia Pacific is expected to grow at the highest CAGR during the forecast period, owing to factors such as rising chronic diseases, growing geriatric population, increasing incidence of target diseases, and dominance of diabetes in the countries such as India and China.
Major market players included in this report are:
- KONINKLIJKE PHILIPS N.V.
- ANALOG DEVICES, INC
- FITBIT INC.
- GARMIN Ltd.
- BMC MEDICALS Co., Ltd.
- RESMED
- Somno Medical Services Private Limited
- COMPUMEDICS Limited
- CLEVELAND,
- MATRIX CARE
Recent Developments in the Market:
- In April 2022, the PPG (photoplethysmography) algorithm of Fitbit Inc. got approved by U.S. Food and Drug Administration to detect irregular heart rhythms through the notification feature on Fitbit.
- In January 2021, Google acquired Fit Bit to expand its accelerometer medical sensor market globally for smartwatches and fitness bands.
Global Accelerometer Medical Sensors Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Product, Application, End-Use, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Product:
By Application:
- Chronic illness & at risk-monitoring
- Wellness monitoring
- In hospital clinical monitoring
- Sensor therapeutics
- Post-acute care monitoring
By End-Use:
- Hospitals & clinics
- Others
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Accelerometer Medical Sensors Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Accelerometer Medical Sensors Market, by Product, 2019-2029 (USD Billion)
- 1.2.3. Accelerometer Medical Sensors Market, by Application, 2019-2029 (USD Billion)
- 1.2.4. Accelerometer Medical Sensors Market, by End-Use, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Accelerometer Medical Sensors Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Accelerometer Medical Sensors Market Dynamics
- 3.1. Accelerometer Medical Sensors Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising incidence of chronic diseases
- 3.1.1.2. Rising health awareness among individuals
- 3.1.2. Market Challenges
- 3.1.2.1. Slight rate of inaccuracy
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing number of individuals tracking their health
- 3.1.3.2. Increasing research & development of accelerometer Medical Sensors
Chapter 4. Global Accelerometer Medical Sensors Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Accelerometer Medical Sensors Market, by Product
- 6.1. Market Snapshot
- 6.2. Global Accelerometer Medical Sensors Market by Product, Performance - Potential Analysis
- 6.3. Global Accelerometer Medical Sensors Market Estimates & Forecasts by Product 2019-2029 (USD Billion)
- 6.4. Accelerometer Medical Sensors Market, Sub Segment Analysis
- 6.4.1. Wearable
- 6.4.2. Non-wearable
Chapter 7. Global Accelerometer Medical Sensors Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Accelerometer Medical Sensors Market by Application, Performance - Potential Analysis
- 7.3. Global Accelerometer Medical Sensors Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 7.4. Accelerometer Medical Sensors Market, Sub Segment Analysis
- 7.4.1. Chronic illness & at risk-monitoring
- 7.4.2. Wellness monitoring
- 7.4.3. In hospital clinical monitoring
- 7.4.4. Sensor therapeutics
- 7.4.5. Post-acute care monitoring
Chapter 8. Global Accelerometer Medical Sensors Market, by End-Use
- 8.1. Market Snapshot
- 8.2. Global Accelerometer Medical Sensors Market by End-Use, Performance - Potential Analysis
- 8.3. Global Accelerometer Medical Sensors Market Estimates & Forecasts by End-Use 2019-2029 (USD Billion)
- 8.4. Accelerometer Medical Sensors Market, Sub Segment Analysis
- 8.4.1. Hospitals & clinics
- 8.4.2. Others
Chapter 9. Global Accelerometer Medical Sensors Market, Regional Analysis
- 9.1. Accelerometer Medical Sensors Market, Regional Market Snapshot
- 9.2. North America Accelerometer Medical Sensors Market
- 9.2.1. U.S. Accelerometer Medical Sensors Market
- 9.2.1.1. Product breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Application breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. End-Use breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Accelerometer Medical Sensors Market
- 9.3. Europe Accelerometer Medical Sensors Market Snapshot
- 9.3.1. U.K. Accelerometer Medical Sensors Market
- 9.3.2. Germany Accelerometer Medical Sensors Market
- 9.3.3. France Accelerometer Medical Sensors Market
- 9.3.4. Spain Accelerometer Medical Sensors Market
- 9.3.5. Italy Accelerometer Medical Sensors Market
- 9.3.6. Rest of Europe Accelerometer Medical Sensors Market
- 9.4. Asia-Pacific Accelerometer Medical Sensors Market Snapshot
- 9.4.1. China Accelerometer Medical Sensors Market
- 9.4.2. India Accelerometer Medical Sensors Market
- 9.4.3. Japan Accelerometer Medical Sensors Market
- 9.4.4. Australia Accelerometer Medical Sensors Market
- 9.4.5. South Korea Accelerometer Medical Sensors Market
- 9.4.6. Rest of Asia Pacific Accelerometer Medical Sensors Market
- 9.5. Latin America Accelerometer Medical Sensors Market Snapshot
- 9.5.1. Brazil Accelerometer Medical Sensors Market
- 9.5.2. Mexico Accelerometer Medical Sensors Market
- 9.6. Rest of The World Accelerometer Medical Sensors Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. KONINKLIJKE PHILIPS N.V.
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. ANALOG DEVICES, INC
- 10.2.3. FITBIT INC.
- 10.2.4. GARMIN Ltd.
- 10.2.5. BMC MEDICALS Co., Ltd.
- 10.2.6. RESMED
- 10.2.7. COMPUMEDICS Limited
- 10.2.8. Somno Medical Services Private LimitedCOMPUMEDICS Limited
- 10.2.9. CLEVELAND,
- 10.2.10. MATRIX CARE
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption