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Global Accelerometer Medical Sensors Market to reach USD 9.05 billion by the end of 2029.

Global Accelerometer Medical Sensors Market Size study & Forecast, by Product (Wearable, Non-wearable) by Application (Chronic illness & at risk-monitoring, Wellness monitoring, In hospital clinical monitoring, Sensor therapeutics, post-acute care monitoring), by End-Use (Hospitals & clinics, Others) and Regional Analysis, 2022-2029

Product Code: HLSMDE-47097136
Publish Date: 1-04-2023
Page: 200

Global Accelerometer Medical Sensors Market is valued at approximately USD 3.14 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 14.15% over the forecast period 2022-2029. Accelerometer Medical Sensors is a tool that helps detect the motion of a body or an object. Accelerometer Medical Sensors are used in medical devices to detect various abnormalities in our bodies. Medical sensors with wearable accelerometers make it possible to measure and monitor a person’s movements and physiological activities. Rising incidence of chronic diseases, rising health awareness among individuals, and product development & innovation are the factors driving the growth of the market.

According to the Health, Pharma & Medtech research department, global cardiovascular diseases accounted for around 17.9 million deaths in the year 2019, and in 2020, it was estimated that the deaths caused by lung cancer were around 1.8 million. Rising health expenditure shows the rise in health awareness among individuals. For instance, according to the WHO, the growth in health spending to a new record of US $9 trillion or almost 11% of global GDP was driven by sharp increases in government spending on health at all income levels in the year 2020. Therefore, the Rising incidence of chronic diseases and rising health awareness among individuals are the major factors driving the growth of the market. Another important component driving market increase is product development & innovation. Furthermore, the increasing number of individuals tracking their health and increasing research & development of accelerometer Medical Sensors are the factors creating major market opportunities. However, a Slight rate of the inaccuracy of Accelerometer Medical Sensors stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Accelerometer Medical Sensors Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the well-established healthcare infrastructure, increasing prevalence of chronic or lifestyle diseases, presence of key market players, and rising adoption of advanced technologies. Asia Pacific is expected to grow at the highest CAGR during the forecast period, owing to factors such as rising chronic diseases, growing geriatric population, increasing incidence of target diseases, and dominance of diabetes in the countries such as India and China.

Major market player included in this report are:
Somno Medical Services Private Limited

Recent Developments in the Market:
 In April 2022, the PPG (photoplethysmography) algorithm of Fitbit Inc. got approved by U.S. Food and Drug Administration to detect irregular heart rhythms through the notification feature on Fitbit.
 In January 2021 , Google acquired Fit Bit to expand its accelerometer medical sensor market globally for smartwatches and fitness bands.
Global Accelerometer Medical Sensors Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, Application, End-Use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:

By Application:
Chronic illness & at risk-monitoring
Wellness monitoring
In hospital clinical monitoring
Sensor therapeutics
Post-acute care monitoring

By End-Use:
Hospitals & clinics

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Accelerometer Medical Sensors Market, by Region, 2019-2029 (USD Billion)
1.2.2. Accelerometer Medical Sensors Market, by Product, 2019-2029 (USD Billion)
1.2.3. Accelerometer Medical Sensors Market, by Application, 2019-2029 (USD Billion)
1.2.4. Accelerometer Medical Sensors Market, by End-Use, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Accelerometer Medical Sensors Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Accelerometer Medical Sensors Market Dynamics
3.1. Accelerometer Medical Sensors Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Rising incidence of chronic diseases Rising health awareness among individuals
3.1.2. Market Challenges Slight rate of inaccuracy
3.1.3. Market Opportunities Increasing number of individuals tracking their health Increasing research & development of accelerometer Medical Sensors
Chapter 4. Global Accelerometer Medical Sensors Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Accelerometer Medical Sensors Market, by Product
6.1. Market Snapshot
6.2. Global Accelerometer Medical Sensors Market by Product, Performance – Potential Analysis
6.3. Global Accelerometer Medical Sensors Market Estimates & Forecasts by Product 2019-2029 (USD Billion)
6.4. Accelerometer Medical Sensors Market, Sub Segment Analysis
6.4.1. Wearable
6.4.2. Non-wearable
Chapter 7. Global Accelerometer Medical Sensors Market, by Application
7.1. Market Snapshot
7.2. Global Accelerometer Medical Sensors Market by Application, Performance – Potential Analysis
7.3. Global Accelerometer Medical Sensors Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Accelerometer Medical Sensors Market, Sub Segment Analysis
7.4.1. Chronic illness & at risk-monitoring
7.4.2. Wellness monitoring
7.4.3. In hospital clinical monitoring
7.4.4. Sensor therapeutics
7.4.5. Post-acute care monitoring
Chapter 8. Global Accelerometer Medical Sensors Market, by End-Use
8.1. Market Snapshot
8.2. Global Accelerometer Medical Sensors Market by End-Use, Performance – Potential Analysis
8.3. Global Accelerometer Medical Sensors Market Estimates & Forecasts by End-Use 2019-2029 (USD Billion)
8.4. Accelerometer Medical Sensors Market, Sub Segment Analysis
8.4.1. Hospitals & clinics
8.4.2. Others
Chapter 9. Global Accelerometer Medical Sensors Market, Regional Analysis
9.1. Accelerometer Medical Sensors Market, Regional Market Snapshot
9.2. North America Accelerometer Medical Sensors Market
9.2.1. U.S. Accelerometer Medical Sensors Market Product breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029 End-Use breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Accelerometer Medical Sensors Market
9.3. Europe Accelerometer Medical Sensors Market Snapshot
9.3.1. U.K. Accelerometer Medical Sensors Market
9.3.2. Germany Accelerometer Medical Sensors Market
9.3.3. France Accelerometer Medical Sensors Market
9.3.4. Spain Accelerometer Medical Sensors Market
9.3.5. Italy Accelerometer Medical Sensors Market
9.3.6. Rest of Europe Accelerometer Medical Sensors Market
9.4. Asia-Pacific Accelerometer Medical Sensors Market Snapshot
9.4.1. China Accelerometer Medical Sensors Market
9.4.2. India Accelerometer Medical Sensors Market
9.4.3. Japan Accelerometer Medical Sensors Market
9.4.4. Australia Accelerometer Medical Sensors Market
9.4.5. South Korea Accelerometer Medical Sensors Market
9.4.6. Rest of Asia Pacific Accelerometer Medical Sensors Market
9.5. Latin America Accelerometer Medical Sensors Market Snapshot
9.5.1. Brazil Accelerometer Medical Sensors Market
9.5.2. Mexico Accelerometer Medical Sensors Market
9.6. Rest of The World Accelerometer Medical Sensors Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. KONINKLIJKE PHILIPS N.V. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.3. FITBIT INC.
10.2.4. GARMIN Ltd.
10.2.5. BMC MEDICALS Co., Ltd.
10.2.6. RESMED
10.2.7. COMPUMEDICS Limited
10.2.8. Somno Medical Services Private LimitedCOMPUMEDICS Limited
10.2.9. CLEVELAND,
10.2.10. MATRIX CARE
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
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Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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