UK Health Sensors Market Size & Outlook, 2021-2030
UK health sensors market, 2018-2030 (US$M)
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UK health sensors market highlights
- The UK health sensors market generated a revenue of USD 2,537.3 million in 2021 and is expected to reach USD 8,948.5 million by 2030.
- The UK market is expected to grow at a CAGR of 15% 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 2,537.3 million |
| Market revenue in 2030 | USD 8,948.5 million |
| Growth rate | 15% (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, UK accounted for 6.2% 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 Europe, Germany health sensors market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 8,948.5 million by 2030.
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Health Sensors Market Scope
Health Sensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 UK 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 UK population is covered by National Health System (NHS), which is funded through general taxation. The NHS has undergone major changes over the recent past to help improve healthcare services in the country, such as introduction of electronic transactions, online booking, and improved healthcare infrastructure.
Factors responsible for market growth include increasing prevalence of chronic diseases in the UK. For instance, as per researchers in the UK, in 2016, about 29.0 million citizens were suffering from chronic pain. Local market players are developing healthcare sensors to provide better results to patients.
For instance, GE Healthcare is combining patient monitors, wireless devices, workflows, and integrated IT solutions to create an assured system of clinical intelligence.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK health sensors market , including forecasts for subscribers. This country databook contains high-level insights into UK health sensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK health sensors market size, by product, 2018-2030 (US$M)
UK Health Sensors Market Outlook Share, 2021 & 2030 (US$M)
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