Canada Health Sensors Market Size & Outlook, 2021-2030
Canada health sensors market, 2018-2030 (US$M)
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Canada health sensors market highlights
- The Canada health sensors market generated a revenue of USD 2,750.5 million in 2021 and is expected to reach USD 9,577.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 14.9% 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 2,750.5 million |
| Market revenue in 2030 | USD 9,577.4 million |
| Growth rate | 14.9% (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, Canada accounted for 6.7% 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 North America, U.S. health sensors market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 9,577.4 million by 2030.
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Health Sensors Market Scope
Health Sensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 Canada 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.
According to the Employment and Social Development Canada, there will be over 19 million people over the age of 65 years suffering from at least one chronic disease by 2025. Increasing prevalence of chronic diseases is expected to propel the need for healthcare sensors over the forecast period.
A new generation of healthcare devices is being used to monitor strained muscles, sore feet, diabetes, and pregnancies. Presence of various tech firms engaged in developing healthcare sensors is likely to further support market growth.
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Our clientele includes a mix of health sensors market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada health sensors market , including forecasts for subscribers. This country databook contains high-level insights into Canada health sensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada health sensors market size, by product, 2018-2030 (US$M)
Canada Health Sensors Market Outlook Share, 2021 & 2030 (US$M)
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