India Health Sensors Market Size & Outlook, 2021-2030
India health sensors market, 2018-2030 (US$M)
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India health sensors market highlights
- The India health sensors market generated a revenue of USD 1,073.5 million in 2021 and is expected to reach USD 4,346.9 million by 2030.
- The India market is expected to grow at a CAGR of 16.8% 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.
Health sensors market data book summary
| Market revenue in 2021 | USD 1,073.5 million |
| Market revenue in 2030 | USD 4,346.9 million |
| Growth rate | 16.8% (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, India accounted for 2.6% 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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India 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 India 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 rising prevalence of chronic diseases due to lifestyle changes, growing choice for home and remote monitoring, and convenience of use and portable devices are all propelling growth in the Indian healthcare sensors market. India is one of the top three countries with the highest diabetes rates.
In June 2020, Government of India announced reimbursement for pulse oximeters for Central Government Health Scheme (CGHS) beneficiaries as a response to the Covid-19 pandemic. However, the political tens on between India & China and import restriction between these countries has led to shortage of pulse oximeters, subsequently increasing the retail prices of these products in India.
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Our clientele includes a mix of health sensors market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India health sensors market , including forecasts for subscribers. This country databook contains high-level insights into India health sensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India health sensors market size, by product, 2018-2030 (US$M)
India Health Sensors Market Outlook Share, 2021 & 2030 (US$M)
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