Body Sensor Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The Body Sensor Market is segmented by Type (Blood Pressure Sensor, Respiration Sensor, Temperature Sensor, ECG Sensor and Others), Placement Type (Wearable and Implantable), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the value (in USD million) for the above segments.

Body Sensor Industry Overview

Body Sensor Market Overview
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 10 %

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Body Sensor Market Analysis

The body sensor market is expected to register a CAGR of 10.0% during the forecast period.

During the COVID-19 pandemic, the studied market was significantly impacted. The demand for health monitoring became crucial due to interlinking life-threatening conditions of the COVID-19 infection. A huge number of patients were affected by the disease and high amounts of health data were held in paper-based health systems which became harder to access, store, process and evaluate during the pandemic. The worldwide healthcare systems have been faced with unprecedented problems and opportunities since the COVID-19 outbreak, such as the requirement to continue providing healthcare despite an increase in the number of confirmed COVID-19 cases and fatalities. According to the article “Sensors and Healthcare 5.0: Transformative Shift in Virtual Care Through Emerging Digital Health Technologies” published in December 2021, to record and process health data remotely, sensors have been successfully integrated with smartphones, smart wearables, and the internet of medical things (IoMT). But during the COVID-19 epidemic, sensors continued to revolutionize healthcare systems globally and provided the new potential for virtual treatment. This argues for a considerable adoption of body sensors during the pandemic. Therefore, the Covid-19 pandemic has significantly impacted the studies market.

Factors such as a rise in the geriatric population, increasing disposable income, and increasing research and development in health technology are expected to fuel the market growth over the forecast period.

The increase in the geriatric population is expected to be a major contributor to the studied market. According to World Health Organization (WHO) data published in October 2021, between 2015 and 2050, the proportion of the world's population over 60 years is predicted to nearly double from 12% to 22%. In 2050, 80% of older people will be living in low- and middle-income countries. This target population is more prone to getting age-related chronic and life-threatening diseases. The increase in the number of geriatrics demands better monitoring facilities in the hospital operating rooms and outside. Thereby driving the demand for body sensors market.

Furthermore, as per the article “Wearable Sensors for Healthcare: Fabrication to Application” published in July 2022, the use of sensors evolved in two different ways: by externally attaching them and by implanting them as an implantable sensor. Where the sensors follow their operating principles for a certain application, each method has its benefits. As per the source mentioned above, various wearable sensors have been utilized for personalized healthcare, demonstrating their effectiveness in monitoring various diseases and the continuous collection of data for a considerable amount of time. Thus, the development of sensors for healthcare purposes is fueling the market growth.

Moreover, continuous product innovation and launches are contributing to market growth. For instance, in February 2022, Senseonics Holdings, Inc., a medical technology company focused on the development and manufacturing of long-term, implantable continuous glucose monitoring (CGM) systems for people with diabetes, received the approval of the next-generation Eversense E3 CGM System by the Food and Drug Administration (FDA). The Eversense E3, including proprietary sacrificial boronic acid (SBA) technology, can extend longevity to 6 months. Thus, the developments in the market are anticipated to boost market growth over the analysis period.

Therefore, due to the factors mentioned above, the studied market is anticipated to witness growth during the forecast period. However, the lack of awareness about the products and stringent regulatory guidelines for product approval are predicted to restrain the growth of the market.

Body Sensor Industry Segments

As per the scope of the report, body sensors are used for monitoring blood pressure, respiration, temperature, and other vital parameters of the body. These sensors are related to wearable computing devices. It can be installed within the body implants or can be surface mounted within the body. The Body Sensor Market is segmented by Type (Blood Pressure Sensor, Respiration Sensor, Temperature Sensor, ECG Sensor and Others), Placement Type (Wearable and Implantable), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.

By Type
Blood Pressure Sensor
Respiration Sensor
Temperature Sensor
ECG Sensor
Others
By Placement Type
Wearable
Implantable
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East & Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Body Sensor Market Trends

This section covers the major market trends shaping the Body Sensor Market according to our research experts:

Wearable Segment is Expected to Witness Growth Over the Forecast Period

The wearable sensors are built into clothing or are attached directly to the body to monitor health and offer therapeutically useful information for treatment. The internet of things (IoT) concept enables medical support at home through a monitoring system connected to a hospital. Consequently, a variety of sensors can be used (e.g., GPS receiver, accelerometer, ECG, blood pressure, blood glucose, body temperature, and breathing sensor). Thus, owing to the advantages of wearable sensors to track useful medical information, and the increase in product developments, the segment is expected to grow over the forecast period.

According to the article “End-to-end Design of Wearable Sensors” published in July 2022, by utilizing a variety of physical, chemical, and biological sensors to determine physiological (biophysical and/or biochemical) information in real-time (ideally continuously), non-invasive, or minimally invasive ways, wearable devices offer an alternative avenue to clinical diagnostics. The source above also suggested that the high-resolution and time-resolved historicdal recording of a person's health condition is made possible by next-generation wearable sensors that enable the multimodal and/or multiplexed assessment of physical parameters and biochemical markers continuously and in real time. Hence, owing to such benefits, the segment is witnessing demand, thereby, contributing to the segment growth.

The frequent developments in the segment are the major contributors to the segment’s growth. Such as, in December 2021, Huawei launched its new Huawei Watch D with blood pressure, ECG monitoring, and aviation aluminum body. But as per the company press release, the blood pressure monitoring feature of the wearable is the main highlight. In addition, again in December 2021, Respira Labs, a company focused on respiratory healthcare technology launched an AI-powered wearable lung monitor. The wearable could help with the early diagnosis and management of chronic obstructive pulmonary disease (COPD), asthma, and COVID-19. Thus, these developments are predicted to contribute to the market growth over the forecast period.

Therefore, owing to the factors mentioned above, the segment is expected to witness growth over the forecast period.

Body Sensor Market 1

North America is Expected to Dominate the Market in the Forecast Period

Due to the increasing involvement of market players for product innovation and product approvals, North America is one of the major contributors to the studied market.

A rise in the geriatric population in countries across North America is a major contributor to the studied market in the region. For instance, according to America’s Health Rankings Senior Report-2022, about 55.6 million people aged 65 years or more were living in the United States in 2020, and this is estimated to reach 73.1 million by 2030, which will account for 21% of the total population. In addition, according to a press release by the government of Canada in April 2022, the number of people aged 65 or more increased drastically to 7 million between 2016 and 2021, and it is the second largest increase in the past 75 years. This age group in 2021 represented approximately 1 in 5 Canadians (19%), up from 16.9% in 2016. As per the source above, the number of people aged 85 and older in Canada increased to 861,000 in 2021 compared to the last decade, and this number is estimated to triple by 2046. As this population is prone to life-threatening chronic and infectious diseases, the increase in the number of geriatrics demands better monitoring facilities. This is creating demand for body sensors for monitoring their health information. Thus, it is expected to drive market growth in the region.

Moreover, the increasing focus of market players for new product innovations and patent acquisitions, are driving the overall, market growth. For instance, in June 2022, the United States-based wearable brand Garmin registered a patent with the United States Patent and Trademark Office (USPTO) for a watch that can track both ECG and potentially blood pressure. Such developments are anticipated to contribute to the market growth over the forecast period.

Therefore, owing to the aforesaid factors, North America is expected to dominate the market over the forecast period.

Body Sensor Market 2

Body Sensor Market Competitor Analysis

The body sensor market is fragmented and competitive in nature. The major players in the market focus on continuous product development, especially in developing countries. Major market players are focused on continuous mergers and acquisitions to expand their market presence. Few of the major players in the market are Abbott Laboratories, Apple Inc., ASC GmbH, Fitbit, Inc., Garmin Ltd., Koninklijke Philips N.V., NXP Semiconductors N.V., STMicroelectronics, Texas Instruments Incorporated, Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd., and Meta Materials Inc., among others.

Body Sensor Market Top Players

  1. Abbott Laboratories

  2. Apple Inc.

  3. Fitbit, Inc.

  4. Texas Instruments

  5. Koninklijke Philips N.V.

*Disclaimer: Major Players sorted in no particular order

Body Sensor Market.png

Body Sensor Market Recent Developments

  • In June 2022, the United States Food and Drug Administration (US FDA) approved Medicalgorithmics’ Qpatch ECG monitoring device. The device includes an eInk screen that allows physicians and patients to interact with the wearable.
  • In March 2022, Injectsense collected a USD 1.7 million grant for its eye implantable sensor. The eye sensor developed by Injectsense is smaller than a grain of rice and is designed to wirelessly transmit that data continuously once inserted.

Body Sensor Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Research and Development Activities in Health Technology

      2. 4.2.2 Rising Disposable Incomes

      3. 4.2.3 Increasing Geriatric Population

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Awareness

      2. 4.3.2 Stringent Regulatory Guidelines

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 5.1 By Type

      1. 5.1.1 Blood Pressure Sensor

      2. 5.1.2 Respiration Sensor

      3. 5.1.3 Temperature Sensor

      4. 5.1.4 ECG Sensor

      5. 5.1.5 Others

    2. 5.2 By Placement Type

      1. 5.2.1 Wearable

      2. 5.2.2 Implantable

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East & Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Abbott Laboratories

      2. 6.1.2 Apple Inc.

      3. 6.1.3 ASC GmbH

      4. 6.1.4 Fitbit, Inc.

      5. 6.1.5 Garmin Ltd.

      6. 6.1.6 Koninklijke Philips N.V.

      7. 6.1.7 NXP Semiconductors

      8. 6.1.8 STMicroelectronics

      9. 6.1.9 Texas Instruments Incorporated

      10. 6.1.10 Huawei Technologies Co., Ltd.

      11. 6.1.11 Samsung Electronics Co., Ltd.

      12. 6.1.12 Meta Materials Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments
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Body Sensor Market Research FAQs

The Global Body Sensor Market is studied from 2018 - 2028.

The Global Body Sensor Market is growing at a CAGR of 10% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

North America holds highest share in 2021.

Abbott Laboratories, Apple Inc., Fitbit, Inc., Texas Instruments, Koninklijke Philips N.V. are the major companies operating in Global Body Sensor Market.

Global Body Sensor Industry Reports

In-depth industry statistics and market share insights of the Global Body Sensor sector for 2020, 2021, and 2022. The Global Body Sensor research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Global Body Sensor report PDF.

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