Colombia Health Sensors Market Size & Outlook, 2021-2030
Colombia health sensors market, 2018-2030 (US$M)
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Colombia health sensors market highlights
- The Colombia health sensors market generated a revenue of USD 169.6 million in 2021 and is expected to reach USD 610.1 million by 2030.
- The Colombia market is expected to grow at a CAGR of 15.3% 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 169.6 million |
| Market revenue in 2030 | USD 610.1 million |
| Growth rate | 15.3% (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, Colombia accounted for 0.4% 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 Latin America, Brazil health sensors market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 1,423.0 million by 2030.
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Health Sensors Market Scope
Health Sensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Colombia 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 40.98% in 2021. Horizon Databook has segmented the Colombia 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 Economist, Colombia witnessed a significant epidemiological shift with increasing incidence of noncommunicable diseases and reducing prevalence of communicable diseases in the past few years. The epidemiological shift along with high geriatric population is anticipated to fuel the market growth.
However, development of healthcare IT infrastructure in the country is limited when compared to other countries across the globe, which limits its growth. For instance, the ICT development index rank of Colombia was 84, whereas that of Italy, Spain, and the UAE was 47, 27, and 40, respectively.
In addition, according to World Bank, geriatric population accounted for ~8.77% of the total population in Colombia in 2019, increasing from ~8.48% in 2018. Such factors create modest opportunities for growth of health sensors market in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Colombia health sensors market , including forecasts for subscribers. This country databook contains high-level insights into Colombia health sensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Colombia health sensors market size, by product, 2018-2030 (US$M)
Colombia Health Sensors Market Outlook Share, 2021 & 2030 (US$M)
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