Wearable Biosensors Market to reach USD 48.68 Bn by 2030, growing at a CAGR of 8.1 percent and forecast (2024-2030)

Wearable Biosensors Market to reach USD 48.68 Bn by 2030, growing at a CAGR of 8.1 percent and forecast (2024-2030)
Wearable Biosensors Market
Global Wearable Biosensors Market size was valued at USD 28.22 Bn in 2023 and is expected to reach USD 48.68 Bn by 2030, at a CAGR of 8.1 %.

Wearable Biosensors Market is segmented into Type, Technology Type, Application and Region. For The Estimation Of The Wearable Biosensors Market Size, The Bottom-Up Approach Was Used.

Maximize Market Research, an international business & consultancy firm has recently published a research report on the “Wearable Biosensors Market. The total global market size for the “Wearable Biosensors Market” was valued at USD 28.22 Bn in 2023 and is expected to grow at a CAGR of 8.1 percent over the forecast period to reach USD 48.68 Bn by 2030.

Market Size in 2023: USD 28.22 Billion

Market Size in 2030: USD 48.68 Billion

CAGR: 8.1 Percent

Forecast Period: 2024-2030

Base Year: 2023

Number of Pages: 221

No. of Tables: 135

No. of Charts and Figures: 195

Segment Covered: By Type, Product, Technology Type, Application, and End-Users

Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage: Market Share, Size and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

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Wearable Biosensors Market Report Scope and Research Methodology

The report provides a comprehensive overview, of the Wearable Biosensors Market including market shares, drivers, restraints, and growth opportunities of the market. Every segment of the industry is evaluated on the basis of growth rate and share of the market. The key market players by region, along with their revenue, financial status, and technical developments are analyzed for understanding the competitive landscape of the market. The bottom-up approach was used to estimate the Wearable Biosensors Market size. Wearable Biosensors Market provides the CAGR of the market, market size, value, volume, revenue, sales, and other key factors related to the Market.

Wearable Biosensors Market Overview

Wearable biosensors track physiological data in real-time, using biometric tech. Worn as wristbands, patches, or smartwatches, they connect wirelessly to devices for data analysis. Market growth stems from medical applications and remote patient monitoring demand. AI and connectivity enhance potential, expanding opportunities in patient support, diagnostics, and disease detection, driving interest in the industry.

Increasing Demand of Wearable Biosensors in Healthcare and Sport Applications to Drive Market Growth

Growing health consciousness is propelling the wearable biosensors market, driven by rising obesity rates and cardiovascular diseases globally. These devices enable proactive health management by tracking vital signs and activity levels, facilitating early detection of health issues. Integration into wellness programs and remote patient monitoring further boosts industry growth. In sports, wearable biosensors innovate to enhance performance, prevent injuries, and enrich athlete experiences. The rise in chronic diseases like diabetes and cardiovascular issues fuels demand for wearable biosensors, vital for early diagnosis and continuous monitoring. Government initiatives in genomics and proteomics and technological advancements drive market growth, attracting investments from major IT companies such as Infosys, TCS, and IBM. Integration with IoT and AI enhances biosensors’ capabilities, opening avenues in healthcare, sports, and environmental monitoring. Additionally, the food & beverage sector increasingly adopts wearable biosensors to enhance efficiency and safety, reflecting broader trends in health-conscious consumer behavior.

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North America, Increasing Investment of Government in the Healthcare to Drive Wearable Biosensors Market Growth.

North America dominated the Wearable Biosensors Market in 2023, driven by key industry players and a high prevalence of targeted diseases. Technology advancement in compact diagnostic tools as well as the adoption of EMR and accurate diagnostics tools is the primary driver of market growth. Asia Pacific is projected to lead with xx% market share by 2030, fueled by a large population and rising lifestyle disorders. China’s healthcare industry opening to foreign investment and policy support for biosensors indicate significant growth opportunities. Key players in the region include Huawei, Samsung, Fitbit, Xiaomi, Garmin, Apple, and Oura, offering advanced health monitoring features.

Wearable Biosensors Market Segmentation

By Type

  • Sensor Patches
  • Embedded Sensors

By Product

  • Calorimetric sensors
  • Potentiometric sensors
  • Acoustic Wave sensors
  • Optical Sensors
  • Others

Based on the product, the optical sensors segment to dominate the wearable biosensor market over the forecast period

In 2023, the optical sensors segment held the largest Wearable Biosensors Market share and is expected to maintain its position in the market. The segment growth is driven by their widespread use in glucose monitoring devices. Optical biosensors utilize light to measure biological changes with high sensitivity and accuracy, prominently in continuous glucose monitoring for diabetes management. Meanwhile, the Acoustic Wave Biosensors segment is projected as the fastest-growing due to their high sensitivity and specificity. They are applied in wearable devices for monitoring respiratory rates and detecting environmental contaminants. With increasing demand for personalized healthcare and remote patient monitoring, the acoustic wave biosensors segment anticipates significant growth ahead.

By Technology Type

  • Accelerometers
  • Motion Sensors
  • Biochemical Sensors
  • Photoplethysmographic Sensors
  • Others

By Application

  • Healthcare & Medical
  • Sports & Fitness
  • Environmental Monitoring
  • Military and Defence
  • Food and Agriculture
  • Others

Based on the Application, the healthcare and medical segment to dominate the Wearable Biosensors market over the forecast period

In 2023, the healthcare and medical segment dominated the Wearable Biosensors Market, fueled by growing emphasis on personal health and fitness tracking. Consumers increasingly rely on devices like fitness trackers to monitor vital metrics, empowering them in health management. Anticipated growth lies in Environmental Safety Monitoring and Home Rehabilitation segments. Wearable biosensors play a crucial role in safety monitoring by detecting falls, tracking vital signs, and providing support to the elderly and individuals managing chronic conditions.

Wearable Biosensors Key Players include:

  • Texas Instruments Incorporated (United States)
  • Molex, LLC (United States)
  • VitalConnect (United States)
  • BioSensics LLC (United States)
  • Abbott Laboratories (United States)
  • Apple Inc (United States)
  • TE Connectivity (Switzerland)
  • Infineon Technologies AG (Germany)
  • Koninklijke Philips N.V. (Netherlands)
  • Robert Bosch GmbH (Germany)
  • Zimmer & Peacock AS (Norway)
  • AMS-Osram ag (Austria)
  • Innovative Sensor Technology IST AG (Switzerland)
  • Bosch Sensortec GmbH (Germany)
  • Panasonic Corporation (Japan)
  • Huawei Technologies Co., Ltd. (China)
  • Universal Biosensors (Australia)
  • Samsung Electronics Co., Ltd (South Korea)
  • Xiaomi Corporation (China)
  • Epson (Japan)

Key questions answered in the Wearable Biosensors Market are:

  • What are Wearable Biosensors?
  • What was the Wearable Biosensors Market Size in 2023?
  • What is the expected Wearable Biosensors Market size by 2030?
  • What is the growth rate of the Wearable Biosensors Market?
  • What are the key benefits of the Wearable Biosensors Market?
  • What are the new trends in Wearable Biosensors?
  • Which segment dominated the Wearable Biosensors Market growth?
  • What is the demand pattern for the Wearable Biosensors Market?
  • What is the driving, opportunity and restraining factors in the global Wearable Biosensors Market?
  • Which are the factors expected to drive the Wearable Biosensors Market growth?
  • Which factors are expected to restrain the Wearable Biosensors Market growth?
  • Which region held the largest share of the Wearable Biosensors Market?
  • Who are the key players in the Wearable Biosensors Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2023)
  • Market Size, Share, Size & Forecast by different segment | 2024−2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by Type, Application and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

Maximize Market Research is a leading Electronics research firm that has also published the following reports:

Wearable Healthcare Devices MarketThe total market size was valued at USD 23.83 Bn in 2022 and the total revenue is expected to grow at a CAGR of 20.2 percent from 2023 to 2029, reaching USD 86.42 Bn. Growing emphasis on fitness is a significant market driver and is expected to drive market growth.

Biosensors MarketThe total market size was valued at USD 28.67 Bn in 2023 and the total revenue is expected to grow at a CAGR of 7.55 percent from 2024 to 2030, reaching USD 47.72 Bn. Government initiatives focused on the advancement of genomics and proteomics are expected to drive the growth of the biosensor market

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic Industries, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified Type estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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