U.S. Health Sensors Market Size & Outlook, 2021-2030
U.S. health sensors market, 2018-2030 (US$M)
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U.S. health sensors market highlights
- The U.S. health sensors market generated a revenue of USD 11,728.4 million in 2021 and is expected to reach USD 36,710.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 13.5% 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 11,728.4 million |
| Market revenue in 2030 | USD 36,710.3 million |
| Growth rate | 13.5% (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, U.S. accounted for 28.5% 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 North America, U.S. health sensors market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 9,577.4 million by 2030.
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Health Sensors Market Scope
Health Sensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 U.S. 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 U.S. accounted for largest market share in North America. Healthcare is one of the largest sectors in the U.S. economy, accounting for 18% of GDP. According to CMS, the U.S. healthcare per-person spending in 2019 was USD 11,528.
Increase in geriatric population and prevalence of chronic diseases have boosted the adoption of healthcare sensors in the country. According to Population Reference Bureau, the number of U.S. individuals aged 65 years or above is expected to increase from 52.0 million in 2018 to 95.0 million by 2026.
The FDA issued Emergency Use Authorizations (EUAs) for certain wearable and patient monitoring devices to increase availability of treatments & monitoring of patients and help reduce exposure of SARS-CoV-2 to healthcare providers during the pandemic.
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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 U.S. health sensors market , including forecasts for subscribers. This country databook contains high-level insights into U.S. health sensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. health sensors market size, by product, 2018-2030 (US$M)
U.S. Health Sensors Market Outlook Share, 2021 & 2030 (US$M)
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