An Overview on Health Sensors Market, 2018-2025A Chapter by Markets InsightsThe global health sensors market size was estimated at USD 20.5 billion in 2016. It is expected to expand at a CAGR of 17.0% over the forecast periodThe global Health Sensors Market size is expected to reach
USD 83.2 billion by 2025, according to a new report by Grand View Research,
Inc., expanding at a CAGR of 17.0% during the forecast period. Rising geriatric
population and burden of chronic diseases are the key factors positively affecting
market growth. Reduced physical activities and increased
consumption of unhealthy food disturb the hormonal and cholesterol levels.
Moreover, this also leads to a rise in cardiac conditions. According to the
WHO, in 2012, approximately 17.5 million people in the world died because of
cardiovascular diseases. Thus, demand for better monitoring and management of
these disease is increasing. These sensors, are anticipated to help in the
management of chronic diseases, as they can monitor, record, and transmit vital
signs of the patient. These sensors can also help in therapeutics, measuring
the amount of drug actually absorbed in the body. Growing geriatric population worldwide is
expected to drive the market growth during the forecast period. According to
the National Institutes of Health (NIH), in 2010, the number of people aged 65
or more was around 524 million. It constituted about 8.0% of total global
population and is estimated to triple and reach 1.5 billion by 2050, accounting
for around 16.0% of global population. Health sensors help reduce healthcare
spending by remotely monitoring disease progression and sending out medical
alerts in an emergency situation. Hospitals and other settings charge high
for diagnosis and testing. To avoid this, people use home-based medical sensors
such as glucose monitoring and pregnancy kits. These home-based medical sensors
offer faster results. Home-based testing kits are also cost-effective and easy
to operate. Browse Details of Report @ Further key
findings from the report suggest:
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