March 2, 2021: An innovative wearable technology company, Shimmer, has launched Verisense Pulse+, a new sensor for its Verisense platform. This sensor enables galvanic skin response (GSR), and inertial measurement units (IMU).
May 26, 2020: Koninklijke Philips N.V., launched a new wearable biosensor that provides early detection of patient deterioration including clinical surveillance for COVID-19 infection.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 271
Published Date: Feb 13, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Rising awareness towards health and fitness, increasing incidence of CVDs along with growing usage of home-based and remote patient monitoring devicesare the major factors driving the growth of the wearable sensors market.
The market is anticipated to attain a CAGR of 18% over the forecast period, i.e., 2023-2035.
High cost associated with technologically advanced sensors and inadequate awareness of smart wearables among the populationare the challenges affecting the market growth.
The market in North America is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
The major players in the market areRobert Bosch GmbH, Koninklijke Philips N.V., Broadcom Limited, STMicroelectronics, Shimmer, Infineon Technologies AG, Analog devices Inc.,Texas Instruments (Measurement Specialties, Inc.), and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by sensor type, device, end user, and by region.
The accelerometer segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.