Australia Health Sensors Market Size & Outlook, 2021-2030
Australia health sensors market, 2018-2030 (US$M)
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Australia health sensors market highlights
- The Australia health sensors market generated a revenue of USD 1,317.4 million in 2021 and is expected to reach USD 5,425.6 million by 2030.
- The Australia market is expected to grow at a CAGR of 17% from 2022 to 2030.
- In terms of segment, wearable sensors was the largest revenue generating product in 2021.
- Implantable/ingestible sensors is the most lucrative product segment registering the fastest growth during the forecast period.
Health sensors market data book summary
| Market revenue in 2021 | USD 1,317.4 million |
| Market revenue in 2030 | USD 5,425.6 million |
| Growth rate | 17% (CAGR from 2021 to 2030) |
| Largest segment | Wearable sensors |
| Fastest growing segment | Implantable/ingestible sensors |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hand held diagnostic sensors, Wearable sensors, Implantable/ingestible sensors |
| Key market players worldwide | Analog Devices Inc, Danaher Corp, GE HealthCare Technologies Inc Common Stock, Honeywell International Inc, Medtronic PLC, Smiths Group PLC, Koninklijke Philips NV, Stryker Corp, Abbott Laboratories, Roche Holding AG ADR, Hologic Inc |
Other key industry trends
- In terms of revenue, Australia accounted for 3.2% of the global health sensors market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan health sensors market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,425.6 million by 2030.
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Health Sensors Market Scope
Health Sensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia health sensors market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to health sensors market will help companies and investors design strategic landscapes.
Wearable sensors was the largest segment with a revenue share of 40.95% in 2021. Horizon Databook has segmented the Australia health sensors market based on hand held diagnostic sensors, wearable sensors, implantable/ingestible sensors covering the revenue growth of each sub-segment from 2018 to 2030.
The adoption of healthcare sensors in Australia is very high. As per a report in Digital Pulse (PwC Australia), over 50% of the Australian population currently uses wearable technology. As per statistics, fitness trackers and smartwatches are most commonly used products in the Australian market.
Moreover, in the first half of 2019, 1.2 million smart wrist wearables were sold, representing 22% increase from 1 million a year ago. Apple remained the clear market leader in the smartwatch market, accounting for nearly half (48%) of total smartwatch sales during the six period.
Improved battery life, voice commands, health monitoring, and better-designed smartwatch apps are driving the demand for smartwatches. These factors indicate that the Australian healthcare sensors market is bound to witness robust growth over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia health sensors market , including forecasts for subscribers. This country databook contains high-level insights into Australia health sensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia health sensors market size, by product, 2018-2030 (US$M)
Australia Health Sensors Market Outlook Share, 2021 & 2030 (US$M)
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