Accelerometer Medical Sensors Market is Led by Hospitals

The accelerometer medical sensors market was USD 4,111.5 million in 2023, and it will power at a rate of 14.4% by the end of this decade, to touch USD 10,442.9 million by 2030.

This has a lot to do with the growing need of incessant monitoring of health; reduction of physiological sensors; enhanced functions, ease of operation, and cost-efficacy of these devices; and the rising populace with high income, which means they can spend easily on cutting-edge technologies.

Based on product, wearables had a key share of the industry. This is because it is put to use for measuring more than a few determinants of health for example carbon dioxide level, BP, and heart rate.

The measurement of these factors helps researchers and doctors to capture responses and offer correct treatment. Also, this product can be used by fixing it in outfits, shoes wristbands, and headbands, which are products of daily use.

Chronic illness and risk monitoring is the leader of the pack, credited to the rising incidences of CVDs, cancer, and many more. For example, in 2021, a key reason of death is cardiovascular ailments, and over three-quarters of deaths take place in low- and middle-income countries.

The key cause of these kinds of diseases comprises smoking and tobacco, obesity and morbid dietary habits. These factors will raise sugar levels and blood lipids, which boosts the requirement for accelerometer medical sensors.

Hospitals & clinics are the key users in the accelerometer medical sensors market. This is because of the various factors for example rapid acceptance of cutting-edge technologies, large pool of patients, easy accessibility and affordability of treatments, and the existence of skilled specialists in these healthcare facilities.

Furthermore, the existence of many hospitals and the mounting healthcare spending in both developing and developed countries for example the U.K., the U.S., and China, and numerous chronic disease-related surgeries performed in hospitals, which will drive the industry growth in the years to come.

North America is the leader of the pack, and it will continue like this in the years to come as well, accounting for USD 1.8 billion by 2030. This has a lot to do with the sophisticated healthcare system and high income in the region.

The U.S. is the leader of the regional industry, and it will power at a rate of 14.5% in the future. This is because of the high incidence of CVDs, the existence of trained healthcare specialists, the existence of large population with chronic diseases, and the growing elderly population in the nation.

It is because of the growing elderly population all over the world, the demand for accelerometer medical sensors is on the rise.

SOURCE: P&S Intelligence

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