The Wearable Health Sensor Market is expected to grow from USD 4.144 billion in 2025 to USD 8.799 billion in 2030, at a CAGR of 16.25%.
A wearable health sensor is a device that is worn by the consumer to monitor the various biomarkers of health. The growing prevalence of various chronic diseases such as diabetes, cardiovascular diseases, and cancer, among many others, supplemented by a growing ageing population around the world, is prompting an increased need for continuous health monitoring and hence is surging the demand for devices like wearable health sensors. Furthermore, the increasing miniaturization of health sensors is another major factor anticipated to augment the growth of the wearable health sensor market during the forecast period.
The medical device industry is utilizing the advancements in technology and integrating them with the diseases and disorders of human beings, and consequently providing viable solutions for the same. With the advancements in technology, health sensors have been able to get miniaturized to an extent so that they can be wearable. Hence, various medical device companies have been taking advantage of miniaturization and are launching new products in the market. For instance, in July 2021, Rockley Photonics launched a wearable digital health sensor system that monitors various biomarkers in the human body, such as blood pressure, glucose trends, core body temperature, alcohol level, and body hydration, among other biomarkers. In February 2019, VivaLNK announced the launch of a medical wearable sensor equipped with an Internet of Health Things (IoHT) data cloud. The device informs the wearer about its health deterioration through its analysis. The launch of such products is anticipated to increase further in the coming years with the continuous miniaturization of health sensors. This is anticipated to propel the growth of the wearable health sensor market during the forecast period.
Prominent/major key market players in the wearable health sensor market include Analog Devices Inc., Infineon Technologies AG, and Texas Instruments Incorporated, among others. The players in the wearable health sensor market are implementing various growth strategies to gain a competitive advantage over their competitors in this market.
Major market players in the market have been covered along with their relative competitive strategies, and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered, along with the recent deals and investments of these important players in the wearable health sensor market.
Wearable Health Sensor Market Segmentation: