The Body Sensors Market is anticipated to reach USD 3,926.50 million by 2030 at 5.30% CAGR during the forecast period 2022-2030.
The need for small portable mobile devices that can regularly monitor the vital statistics of individuals have fuelled the growth of the industry. Market reports linked to the healthcare sector along with published reports on other sectors have been lately made available by Market Research Future, which has also published a report on this market.
Due to the necessity to constantly monitor various bodily parameters, the body sensors market has developed at an increased pace. Improvements in technology and an increased level of research and developed directed towards this industry, have led to emergence of positive cues for the expansion of the market. Amplified awareness and interest for the adoption of wearable technology by individuals is predicted to clearly impact the development of the industry.
Industry Segments
The body sensors industry has been segmented on the basis of types of sensors which comprise of position sensors, motion sensors, temperature sensor, pressure sensor, inertial sensors and other sensors. On the basis of application, the industry is segmented into fitness, temperature monitoring, weight monitoring, inertial sensors, heart rate monitoring and other applications.
Detailed Regional Analysis
The body sensors industry comprises of four regions such as Americas, Europe, Middle East, Asia-Pacific and Africa. The North American region is the foremost industry for the body sensors market. The extensive use of wearable medical devices, continual R&D in the field of medical technology and the demand for smart sensors are fuelling the growth of this market. The European region is the second chief industry. The Asia Pacific segment is demonstrating the fastest developing region in this market. The industry will show steady development in the Middle East and Africa region in the forecast period.
Global Competitive Analysis
The corporate strategy of the competitors in the market is focused currently on capitalizing the dynamic pace of technological innovations which have led to plenty of changes both in terms of product development and handling competition. This particular trend has enabled portfolio improvement along with the affinity for diversification in the sector, which has indirectly enabled the players to use the valuable state of dealings available in this industry. The use of these prospects by contenders, who are trying to cultivate their industry stake by intensive expansion can stimulate the expansion of this industry. The companies are also moreover trying to create and capture financial in a suitable manner. This has elevated the potential for the forthcoming growth period significantly. The strategic decision-making process has increased the productivity of companies so that they maintain their company’s liquidity and sustain feasible to take effective choices in terms of strategy designing and implementation.
The body sensors market players are Balluff GmbH (Germany), Allegro MicroSystems (US), 4B Braime Components Ltd. (UK), Koninklijke Philips N.V. (Netherlands), Althen GmbH Mess (Germany), Amsys GmbH (Germany), ASC GmbH (Germany), Barksdale GmbH (Germany) and Baumer Group (Switzerland).
Industry Updates:
Apr 2018 Tufts University researchers have created new teeth sensors which could soon replace the traditional fitness trackers such as the Fitbit. The device measures just 2mm x 2mm. The tiny wireless device can be used connect to a smartphone which can then monitor and record an individual’s health. The device typically records a person’s food and beverage intake along with monitoring their salt, sugar and alcohol intake. The dental hygiene and fatigue can also supposedly be tracked. The device also additionally allows people to continue good nutrition. The teeth sensors make a central ‘bioresponsive’ layer, which can absorb chemicals and nutrients from food. The researchers also further state that the applications of this innovation can be spread to other uses as well.
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