Technavio has announced its latest market research report titled Wearable Health Sensors Market by Type (Heart rate sensors, Pedometers, and Pressure and temperature sensors) and Geography (North America, APAC, Europe, South America, and MEA). The wearable health sensors market is expected to grow by USD 623.12 million from 2021 to 2026. The growth momentum of the market will accelerate at a CAGR of 12.20%.
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The wearable health sensors market is driven by the increasing prevalence of chronic diseases. However, factors such as data privacy issues may challenge the growth of the market during the forecast period.
Major Wearable Health Sensors Companies:
- Apple Inc.
- Infineon Technologies AG
- Intel Corp.
- NXP Semiconductors NV
- Panasonic Corp.
- Robert Bosch GmbH
- STMicroelectronics NV.
- TDK Corp.
- TE Connectivity Ltd.
- Texas Instruments Inc.
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Wearable Health Sensors Market Type Outlook (Revenue, USD mn, 2021-2026)
- Heart rate sensors – size and forecast 2021-2026
- Pedometers – size and forecast 2021-2026
- Pressure and temperature sensors – size and forecast 2021-2026
The heart rate sensors segment will have significant market share growth during the forecast period. The growth will be supported by the introduction of low-cost products with multiple features such as heart rate sensors and pulse readings. Heart rate sensors are among the most common sensors used in wearables. These sensors use a methodology called photoplethysmography (PPG) to measure blood pressure. Wearables with these sensors have small light-emitting diode (LEDs) on the underside of the device. LEDs shine green light into the skin on the user’s wrist.
Wearable Health Sensors Market Geography Outlook (Revenue, USD mn, 2021-2026)
- North America – size and forecast 2021-2026
- APAC – size and forecast 2021-2026
- Europe – size and forecast 2021-2026
- South America – size and forecast 2021-2026
- MEA – size and forecast 2021-2026
North America is expected to account for 44% of the market’s growth during the forecast period. The US and Canada are the key countries for wearable health sensors in North America. Market growth in this region will be faster than the growth of the market in APAC, Europe, South America, and MEA. The rapid technological advances and significant change in consumer preferences regarding the use of electronic devices will drive the wearable health sensors market growth in North America during the forecast period. North America is home to early adopters that are willing to adopt new technologies such as wearable health sensors. This factor, along with the high purchasing power, contributes to the increased sales of wearable health sensors in the region.