Wearable Sensor Market Dynamics, Segments and Supply Demand 2021 – 2027

Wearable sensors are collect information about physical and biological properties of the body and environment, then utilized this information to live the output information of the user’s body. These sensors are implemented in wearable devices to trace or to gather health warning signs like temperature , blood heat , stress level, pulse , vital sign , heart pressure, speed, movements, etc. Wearable sensors are widely utilized in smart-watched, body-wear, smart shoes, fitness watch, computer game headsets, eyewear, sleep masks, etc. Growth of the wearable sensor market is especially driven by the emergence of COVID-19.

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The pandemic has focused on the necessity to take advantage of and leverage digital infrastructure for remote patient monitoring. Wearable sensors can help detect and monitor individual and population health, as current viral tests and vaccines are slow to emerge. consistent with the planet Health Organization (WHO), worldwide, as of seven April 2021, there are 132,046,206 confirmed cases of COVID-19, including 2,867,242 deaths. Wearable devices, which permit physiological signals to be continuously monitored, are often utilized in the first detection of asymptomatic and pre-symptomatic cases of COVID-19. Wearable devices can provide unique insights about individual and population health and well-being.

In January 2021, NeuTigers announced the launch of CovidDeep, a clinically validated solution which will triage those needing further testing for COVID-19 (SARS-CoV-2) using physiological sensors data derived from wearable devices. The app predict whether an individual is virus-positive or virus-free. Wearable devices are increasingly getting used in healthcare and consumer infotainment. within the span of three years, from 2016 to 2019, the amount of connected wearable devices has doubled from 325 million to 722 million. Wearable sensors are an integral a part of the wearable devices and are emerging as a revolution in monitoring healthcare and fitness parameters and reducing overall hospital costs for patients.

Thus, the demand for wearable sensors is increasing with a rapid pace, which, in turn, driving the wearable sensor market growth. Moreover, miniaturization trend in sensors, the increasing trend towards smaller, smarter, and cheaper sensors, mounting benefits of wearable devices within the healthcare sector, and advent of platforms like IoT, AR, and M2M are a number of the main factors augmenting the expansion of the wearable sensor market. as an example , in May 2020, Royal Philips received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its wearable biosensor, named Philips Biosensor BX100, to assist manage confirmed and suspected COVID-19 patients within the hospital.

Furthermore, in February 2019, VivaLNK launched its IoT-enabled medical wearable sensor platform that captures human vitals and biometrics, and delivers data from the patient to edge computing devices, also on the cloud, for application integration and analysis. Such technological advancements also are expected to spice up the wearable sensor market growth.

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