GVR Report cover Accelerometers Medical Sensors Market Size, Share & Trends Report

Accelerometers Medical Sensors Market Size, Share & Trends Analysis Report By Product Type (Wearable, Non-wearable Accelerometers), By Application, By End-use, By Region, And Segment Forecasts, 2023 To 2030

  • Report ID: GVR453764
  • Number of Pages: 0
  • Format: Electronic (PDF)

Market Synopsis

Medical accelerometers are designed to monitor motion, position, velocity, vibration, and shock detection of an object. Accelerometers are used in different medical equipment such as patient monitoring devices, cardiac pacemaker & defibrillators, health monitoring equipment, and blood pressure monitors. The cost of an accelerometer depends upon the dynamic ranges it can measure and sensitivity offered by the device. The iSensor MEMS Accelerometer by Analog Devices, Inc. is known for its accuracy in monitoring changes in motion, vibration, and shock sensation. High prevalence of chronic diseases is creating demand for sensors in clinics as well as the home diagnostic devices. This is justified by the rise in constant patient monitoring and diagnosis volume, which in turn is expected to promote higher sales of accelerometers medical sensors.

Market Influencer

Increasing prevalence of chronic diseases across the globe is likely to boost the demand for disposable medical sensors. For instance, according to Front Public Health in 2020, chronic non-communicable diseases (NCDs) account for about 80% of mortality in China among adults aged 60, with Ischemic Heart Disease, Stroke, Chronic Obstructive Pulmonary Disease (COPD), and Type 2 Diabetes being the most common. Moreover, development of low cost medical devices with technological advancement in medical sensors would help the middle-income and low-income countries gain access to the diagnostic devices. In addition, government initiatives to reduce the healthcare costs is expected to benefit the market growth.

Moreover, technological advancement such as the cancer tracking sensor, Micro-Electro-Mechanical Systems (MEMS) sensor technology, and fiber optic technology is expected to drive the market. Rising demand for new products with changing lifestyle, need for ease and better facilities is leading to innovations. Technological advancement has led to improvement in business by increasing the productivity, simplifying the use of the device and making it convenient for the patients to improve their health.For instance, ActiGraph launched CenterPoint Insight Watch, an activity monitoring device. It uses a triaxial MEMS accelerometer to capture and record continuous high-resolution raw acceleration data and provide actionable information to the user through its real-time data transfer mechanism.

Furthermore, the main reason behind the trend of portable medical sensors devices at home is rapidly aging population, which is chronically ill and disabled. Hence, this is likely to encourage manufacturers to develop medical devices that patients can carry unobtrusively even in public spaces. For instance, in July 2020 , for the purpose of improving remote patient monitoring for patients at risk, BioIntelliSense and Philips forged a strategic partnership. This will make it easier for doctors to keep an eye on patients who are being treated in hospitals at home. Philips will be able to better monitor patient populations who have persistent disabilities because to this.

Key players operating in the specimen container s market include Koninklijke Philips N.V., Analog Devices, Inc., Fitbit Inc, Garmin, BMC medicals, Resmed, Somno medics, Compumedics, Cleveland, Matrix care, Nox medicals, Actigraph, and Aetna Inc., among others.

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