China Health Sensors Market Size & Outlook, 2021-2030
China health sensors market, 2018-2030 (US$M)
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China health sensors market highlights
- The China health sensors market generated a revenue of USD 2,660.2 million in 2021 and is expected to reach USD 10,865.9 million by 2030.
- The China market is expected to grow at a CAGR of 16.9% 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 2,660.2 million |
| Market revenue in 2030 | USD 10,865.9 million |
| Growth rate | 16.9% (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, China accounted for 6.5% 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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China 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 40.94% in 2021. Horizon Databook has segmented the China 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.
Chronic illnesses, such as cardiovascular disease, are on the rise in China. In addition, China's geriatric population is on the upswing. The need for healthcare sensors has increased in China as a result of these factors over time. As a result of the rising demand, technological improvements in this field have improved the use and portability of these gadgets.
Furthermore, these technologies reduce the number of unnecessary doctor visits and travel-related expenses. As a result, these products are increasingly being employed for personal use at home, boosting market growth.
In terms of regulations, the Chinese market is still undergoing rapid and significant changes, influenced by efforts to limit the country's increasing healthcare spending and enhance market transparency. In particular, the government is directly lowering prices in specific markets.
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Horizon Databook provides a detailed overview of country-level data and insights on the China health sensors market , including forecasts for subscribers. This country databook contains high-level insights into China health sensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China health sensors market size, by product, 2018-2030 (US$M)
China Health Sensors Market Outlook Share, 2021 & 2030 (US$M)
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