Europe Health Sensors Market Size & Outlook, 2021-2030
Europe health sensors market, 2018-2030 (US$M)
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Europe health sensors market highlights
- The Europe health sensors market generated a revenue of USD 11,343.1 million in 2021.
- The market is expected to grow at a CAGR of 13.8% 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.
- Country-wise, UK is expected to register the highest CAGR from 2022 to 2030.
Europe data book summary
| Market revenue in 2021 | USD 11,343.1 million |
| Market revenue in 2030 | USD 36,392.1 million |
| Growth rate | 13.8% (CAGR from 2021 to 2030) |
| Largest segment | Wearable sensors |
| Fastest growing segment | Implantable/ingestible sensors |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, Europe region accounted for 27.5% of the global health sensors market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 43,075.7 million by 2030.
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Health Sensors Market Scope
Health Sensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 Europe 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.
European market includes the UK, Germany, and France, Italy, and Spain. Rising demand for healthcare sensors and supportive central data management systems for providing accurate information & medical services to patients are likely to fuel the market.
In 2020, more than one-fifth of European population was aged above 65 years. Chronic diseases are the leading cause of morbidity and mortality in Europe. As a result, the need for healthcare sensors has increased amid high number of patient admissions in healthcare facilities.
The COVID-19 pandemic has increased the usage of healthcare sensors in healthcare facilities and remote monitoring to check & analyze vitals. Various market players are continuously developing and introducing advanced healthcare sensors devices for more accurate and precise results in an affordable manner. Hence, healthcare sensors market is anticipated to grow over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe health sensors market , including forecasts for subscribers. This continent databook contains high-level insights into Europe health sensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe health sensors market size, by country, 2018-2030 (US$M)
Europe Health Sensors Market Outlook Share, 2021 & 2030 (US$M)
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