North America Health Sensors Market Size & Outlook
North America health sensors market, 2018-2030 (US$M)
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North America health sensors market highlights
- The North America health sensors market generated a revenue of USD 14,478.9 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, Canada is expected to register the highest CAGR from 2022 to 2030.
North America data book summary
| Market revenue in 2021 | USD 14,478.9 million |
| Market revenue in 2030 | USD 46,287.7 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, North America region accounted for 35.2% 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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North America 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 North America 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.
North America contributed largest share by region to the healthcare sensors market. This can be attributed to its well-established healthcare infrastructure, high healthcare expenditure, presence of dominant market players, and rapid adoption of advanced technologies.
North America has the most developed healthcare sensors market globally. Rapid adoption of patient monitoring & homecare devices for regular, continuous, and long-term monitoring of patients & reducing frequency of hospital visits are anticipated to fuel the market over the forecast period.
Favorable reimbursement structures are expected to further fuel market growth. Other factors likely to boost market growth include increasing prevalence of lifestyle-associated health conditions, accidents, and sports injuries. Growing demand for effective emergency care and increasing adoption of mobile surgery centers are expected to drive the market during the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America health sensors market , including forecasts for subscribers. This continent databook contains high-level insights into North America health sensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America health sensors market size, by country, 2018-2030 (US$M)
North America Health Sensors Market Outlook Share, 2021 & 2030 (US$M)
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