Health Sensors

Health Sensors

Global Health Sensors Market to Reach $120.2 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Health Sensors estimated at US$41.3 Billion in the year 2020, is projected to reach a revised size of US$120.2 Billion by 2027, growing at a CAGR of 16.5% over the analysis period 2020-2027. Handheld Diagnostic Sensors, one of the segments analyzed in the report, is projected to record a 16% CAGR and reach US$45.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Wearable Sensors segment is readjusted to a revised 16.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $12.1 Billion, While China is Forecast to Grow at 15.8% CAGR

The Health Sensors market in the U.S. is estimated at US$12.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$20.9 Billion by the year 2027 trailing a CAGR of 15.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.5% and 14% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11.5% CAGR.

Ingestible / Implantable Sensors Segment to Record 17.2% CAGR

In the global Ingestible / Implantable Sensors segment, USA, Canada, Japan, China and Europe will drive the 17.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$6.9 Billion in the year 2020 will reach a projected size of US$20.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 36 Featured) -

• Amphenol Advanced Sensors
• Cirtec Medical Corp (Cactus Semiconductor)
• Envitec
• First Sensor
• Innovative Sensor Technology (IST AG)
• Keller America (Subsidiary of Keller AG Druckmesstechnik)
• Medtronics
• Merit Sensor Systems (Subsidiary of Merit Medical Systems)
• NXP Semiconductors
• Proteus Digital Health
• Sensirion AG
• Stmicroelectronics
• TE Connectivity
• Tekscan Inc.
• Texas Instruments

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