Wearable
Sensors Market Highlights:
The Global Wearable Sensors Devices Market is majorly driven
by increasing prevalence of diseases like diabetes, obesity and other heart
diseases. Motion sensors are the widely used type of wearable devices. A motion
sensor is a device that can sense physical movement and used in the fitness
activity. Increasing geriatric population across the globe has led to increase
the incidents of heart disease. Additionally, advantages such as continuous
monitoring, increasing government support, and increasing healthcare
expenditure have fuelled the growth of the market during the forecast period.
Wearable Sensors can be used in different sports and
occasion. Wearable devices are gaining attention in research activities. With
the miniaturization model and falling prices, more number of sensors are
expected to be in use in the forecast period. Increasing adoption of different
type of wearable devices in healthcare and fitness is one of the major drivers
of this market. These sensors are used in many of the different devices like
watch, smart phones, VR headsets, jewellery and many more. The key factor for
the growth of the market is small size, easy of handling and low cost.
Race to find the cost-effective alternatives has increases
the competition between manufacturers and is the key challenge for them. High
cost of wearable products and regulatory issues may slow the growth of the
market during the forecast period.
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Competitive Analysis
A number of companies are involved in the manufacturing of
the Wearable Sensors. The companies have adopted the organic strategy of
product launch and acquisition to gain the market. Many companies are operating
in the market, however, the major companies dominated the major share in the
market due to well-developed brand identity. Some major companies are focusing
on development of new and advanced products to gain the market share. Whereas,
some are has used the technique of acquisition and collaboration to gain the
market.
Key Players:
Some of the key players in Wearable Sensors devices market
are: InvenSense, Inc. (U.S.), Panasonic
Corporation (Japan), Robert Bosch GmbH (Germany), STMicroelectronics
(Switzerland), Texas Instruments Incorporated (U.S.), KIONIX, INC. (ROHM Co.,
Ltd.) (U.S.), Measurement Specialties, Inc. (U.S.), Analog Devices, Inc.
(U.S.), ZOLL Medical Corporation (Asahi Kasei Corporation) (U.S.), Freescale
Semiconductor, Inc. (U.S.), Infineon Technologies AG (Germany). and many more.
Latest Industry
Updates
Being a competitive market, a number of different
manufacturer are focusing on the product launch, and acquisition for the market
development. Some of the latest development in the market are-
Oct 2014, Medtronic Inc. announced the U.S. launch of the
SEEQ Mobile Cardiac Telemetry (MCT) System, which is used in the monitoring of
the cardiac diseases. Additionally, in June 2014, the company has completed the
acquisition of Corventis Inc.
March 2017, Breg, Inc., manufactures and markets sports medicine
products and services for orthopedic patient care. The company also offers
workflow management software for durable medical equipment, prosthetics,
orthotics, and supplies. The company launched Breg Flex the first mobile health
solutuion design to facilitate and improve patients’ at-home recovery following
orthopedic surgery
March 2017, PAREXEL International Corporation, a leading
global biopharmaceutical services provider, announced the launch of patient
sensor solution to transform clinical trial data collection.
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Regional Analysis
Regionally, the global Wearable
Sensors devices market is segmented into: America, Europe, Asia Pacific,
and the Middle East & Africa.
The Americas holds a significant market share of the global
market owing to the presence of huge diabetic & obese population, and increasing
prevalence of cardiovascular diseases. According to the World Health
Organization, in 2015, 9.3% of total America population is suffering from
diabetes. Additionally, during last few years there is a significant increase
in the adoption of the automation which has helped in the growth of the market.
Europe accounts for the second largest market in the globe due to a high
patient population, high healthcare expenditure and string government support
for research & development. Asia Pacific is expecting the fastest growth
for the market owing to the presence of the huge opportunity for the growth of
the market and increasing diabetic population. The Middle East & Africa
holds the least share in the market owing to the presence of the poor economic
conditions Africa. Gulf nations: Saudi Arabia and the UAE drives the Middle
East & African market due to the well-developed healthcare sector and huge
per capita income of the people.
Major TOC of Wearable
Sensors Devices Market:
1 Research
Scope and Methodology
1.1 Market Definition 12
1.2 Market Breakdown By Type, Application And End Users
12
1.3 Market Breakdown By Geography 13
1.4 Research Methodology And Sources 13
2 Executive
summary
2.1 Key Findings 15
2.2 Research Summary 15
3
Market Outlook
3.1 Introduction 17
3.2 Wearable Sensors By Type 17
3.3 Wearable Sensors By Application 21
3.4 Wearable Sensors By End User 23
3.5 Trends In The Market 25
3.6 Opportunities In The Market 26
3.7 Factors Driving The Market And Its Impact On Market
Forecast 27
3.8 Factors Hindering The Market And Its Impact On Market
Forecast 29
TOC
Continued….!
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