Knowledge Sourcing Intelligence announces the publication of a new report on “Wearable Sensors Market – Forecast from 2020 to 2025” to their offering.
According to the report, the Wearable Sensors Market is projected to grow at a CAGR of 26.67% to over the forecast period 2019-2025. With the advent of technological developments in the semiconductors segment and industry and the rate of miniaturization of devices and increasing expanse of the internet of things generally known as IoT have led to a renewed affordability of wearable sensors as well as its profusion. Furthermore, innovation in sensor technologies, in particular, extended battery capacity as well as the convenience of wireless charging are also to be factored in the wearable sensors market growth. Wearable sensors primarily find its application in the healthcare sector where it has emerged as the mainstay of various points of care to facilitate the seamless monitoring of various health parameters that are inclusive of but not limited to pulse, body temperature, calories burnt, blood pressure. Moreover, the convenience of transmitting the data that has been monitored to the respective point of care without traveling to the healthcare center is also another factor that is fueling the growth of the market. Nevertheless, security concerns, data theft as well as improper data usage and high rate power consumption are a few factors restraining the growth of the wearable sensors market.
Further, the world population pyramid is becoming increasingly inverse, I.e. in other words the section of the global elderly population is increasingly growing is poised to reach nearly 1.5 billion in 2050 from an approximate count of 524 million in 2010 (source: National Institutes of Health). Further, the availability of increasing disposable income is enabling consumers to adopt a healthy lifestyle that is also fueling the demand for wearable sensors market. The yearning of elderly people towards self-reliance as far as healthcare is concerned, among others, is also another factor that is promoting the growth of the wearable sensors market. This also reduces their stress and enhances their health holistically. Further, awareness is one of the prime reasons that is shifting the health care delivery market and making them adopt effective healthcare strategies that are turning the healthcare segment into a very competitive one. Before all foregoing in the American markets, healthcare is relatively more expensive which shifting the preference of patients towards wearable health monitoring devices that has wearable sensors as the component.
The major players covered as part of the report are Analog Devices, Inc., Asahi Kasei Microdevices Corporation, Infineon Technologies AG, Intel Corporation, Profusa, Inc., STMicroelectronics, TDK Corporation, Texas Instruments Incorporated, and Valencell. Inc., among others.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/wearable-sensors-market
In this report the wearable sensors market has been segmented based on the following: