The Asia Pacific Accelerometer Medical Sensors Market would witness market growth of 14.2% CAGR during the forecast period (2022-2028).
The demand for medical sensors is expanding quickly in patient monitoring, where accelerometer medical sensors are frequently employed. In-home patient monitoring is becoming more popular in both urban and rural areas of developing nations. Corporations are now able to use medical device sensors primarily for patient monitoring due to the increasing demand.
While patients and doctors may communicate with one another all the time owing to technology, remote patient monitoring enables hospitals and doctors to keep an eye on patients away from the typical clinic environment. Patient monitors enable hundreds of thousands of high-risk patients per year to avoid being hospitalized again and make the best of their productive days at home, as stated by the Centers for Medicare and Medicaid Services 2021. This demonstrates the expanding utilization of medical device sensors like accelerometers.
The increasing burden of noncommunicable diseases has prompted the regional governments to increase their healthcare spending to strengthen the healthcare infrastructure and increase R&D efforts. Additionally, since lifestyle disorders are becoming more common, people in the region are starting to pay more attention to their health. A significant portion of the population in India suffers from lifestyle-related illnesses like obesity and diabetes, which have elevated the cancer risk. In addition, the demand for wearable technology has increased due to societal anxiety over the early diagnosis of diseases. Due to escalating chronic disease rates, increased knowledge of the benefits of exercise, and technology improvements as the primary drivers of growth, the accelerometer medical sensors market in the Asia Pacific appears to have a bright future.
The China market dominated the Asia Pacific Accelerometer Medical Sensors Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $628.5 Million by 2028. The Japan market is experiencing a CAGR of 13.6% during (2022 - 2028). Additionally, The India market would display a CAGR of 14.9% during (2022 - 2028).
Based on Product, the market is segmented into Wearable and Non-wearable. Based on End-Use, the market is segmented into Hospital & Clinics and Others. Based on Application, the market is segmented into Chronic illness & Risk-monitoring, Wellness Monitoring, In hospital clinical Monitoring, Sensor Therapeutics, and Post-acute Care Monitoring. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Accelerometer Medical Sensors Market is Projected to reach USD 7.3 Billion by 2028, at a CAGR of 13.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fitbit, Inc (Google LLC), Analog Devices, Inc., Koninklijke Philips N.V., ResMed, Inc., Compumedics Limited, Garmin Ltd., Aetna, Inc. (CVS Pharmacy, Inc.), BMC Medical Co., Ltd., and SOMNOmedics GmbH.
By Product
By End-use
By Application
By Country
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