Wearable Biosensors Market: Industry Analysis and Forecast 2021-2027: By Type, Product Type, Application and Region

Wearable Biosensors Market is anticipated to reach US$ 22.21 Bn by 2027 from US$ 12.2 Bn in 2020 at a CAGR of 10.5% during a forecast period. The number of wearable devices is increasing at a high rate as sensing components are been increasingly used in wearable devices to improve overall functional efficiency, convenience, and precautions. In addition, the use of various biosensors for monitoring fermentation systems, biocatalysts, and detecting biological materials like enzymes, whole cells, and tissues is creating rapid demand for wearable biosensors in the wearable biosensors market. Wearable Biosensors Market To know about the Research Methodology :- Request Free Sample Report In report, 2020 is considered a base year however 2020’s numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Wearable Biosensors Market Dynamics

Growing demand for wearable biosensors in the healthcare industry is expected to drive the market's growth during the forecast period as these devices provide real-time physiological information via noninvasive measurement of biochemical markers. Wearable biosensors permit remote monitoring to help patients avoid hospitalization, which reduces the burden of the healthcare system by facilitating self-monitoring to control and prevent diseases. Wearable biosensors are also used for monitoring the vital signs of patients, children, infants, athletes, and individuals in remote areas that are far from health and medical services. These above-mentioned factors are expected to drive the wearable biosensors market during the forecast period (2020-2027).

Growing geriatric Population Boosts the Market's Growth

In addition, the growing geriatric population and rising frequency of various chronic diseases are creating demand for vital parameter monitoring of disease for proper disease management. This helps the aging population to monitor their health condition without involvement, which allows them to remotely share their health data with healthcare providers. Thus, the growing geriatric population coupled with a growing inclination towards wearable technology among youth is expected to create new opportunities for market growth. The world's population is aging, particularly in industrialized countries such as the United States, Europe, and Japan. The global elderly population is expected to increase from 760 million (11%) to 1 billion by 2026. (2050). As a result, the growing elderly population boosts the market's growth. Wearable Biosensors Market 1

Increasing number of points of care tests across the globe:

The point of care testing is estimated to attain a CAGR of 7.3% through 2027. The growing focus on creating awareness among diabetes patients and the rising number of glucoses point of care tests are driving the market size. With a growing preference for point-of-care testing and personalized medicine, as well as the introduction of cost-effective lab tests and integrated analytical systems, which are expected to provide new opportunities for market players. Due to the COVID-19 pandemic, major players in industries have manufactured easy-to-use devices to facilitate testing outside laboratory locations. Point of care has drastically revolutionized driven by the COVID-19 pandemic. Also, the technology is getting smaller and lab-on-chip devices are gaining popularity, which is expected to contribute to the market revenue during the forecast period (2020-2027). Point of Care Diagnostics Market Size 2020-2027 Wearable Biosensors Market 2

Wearable Biosensors Market Segmentation Analysis

By Type, the sensor patches segment accounts for the largest share of XX% in the market and is expected to grow at an 11.5 % CAGR during the forecast period. This device helps people monitor cardiovascular signals and multiple biochemical levels, which is the main factor expected to drive the segment's growth during the forecast period (2020-2027). In addition, the high demand for continuous health monitoring due to increasing diseases is also flourishing the sales of sensor patches. Wearable Biosensors Market 3 By Application, the healthcare & medical segment dominated the market in 2020 and is expected to grow at a 14% CAGR during the forecast period. The growth of the segment is attributed to increasing changes in the healthcare sector, high adoption of new diagnostic methods. In addition, increasing demand for inexpensive sensors for regular monitoring of patients at home and the introduction of new products with better specificity and sensitivity are expected to fuel the segment's growth and thereby wearable biosensors.

Wearable Biosensors Market Regional Insights

North America's wearable biosensors market size was USD 10 billion in 2020. Due to several key market leaders like Abbott Laboratories, Bio-Rad International, and Johnson and Johnson among others, the market in the region is contributing to revenue generation. The U.S. is the largest market for wearable biosensors in North America due to the strong presence of key players and the increasing adoption of new technological advancements like nanotechnology. The market of wearable biosensors in the U.S. is likely to increase at the rate of 6.3% from 2020 to 2027, from a market value of over US$ 3 Bn in 2020. Human performance growth is an emerging concept in the U.S. military, due to which, demand for wearable biosensors is increasing in military applications. However, the rising demand for wearable biosensors for monitoring food quality parameters is expected to contribute to market growth in the country. The market for wearable biosensors in China is expected to grow at an 11% CAGR during the forecast period. Growing analytical requirements in China’s healthcare industry due to the lack of medical needs for diseases such as diabetes, cancer, and other infectious diseases are likely to increase demand for wearable biosensors in the country. Wearable biosensors are also used in vehicles in China for monitoring the vital signs of drivers, and stress and emotion levels. The market in India is expected to reach US$ 1.7Bn by 2027 from US$ 236 Mn in 2020. The presence of a large population base and increasing incidents of different diseases are the main factors for market growth in India. Also, demand for wearable biosensors is increasing for environmental monitoring, as these sensors are used for monitoring environmental pollutants. Thus, demand for wearable biosensor solutions is expected to drive the growth of the Indian market due to rising healthcare expenditure in the country. Wearable Biosensors Market 4 The objective of the report is to present a comprehensive analysis of the Wearable Biosensors Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Wearable Biosensors Market dynamics, structure by analyzing the market segments and project the Wearable Biosensors Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Wearable Biosensors Market make the report investor’s guide.

Wearable Biosensors Market Scope: Inquire before buying

Wearable Biosensors Market 5

Wearable Biosensors Market, by Region

• North America • Asia pacific • Europe • Middle East and Africa • South America

Wearable Biosensors Market: Key Players

• TE Connectivity • Texas Instruments IncorporatedInfineon Technologies AG • Panasonic Corporation • Koninklijke Philips N.V. • Huawei Technologies Co., Ltd. • Robert Bosch GmbH • Broadcom • Molex, LLC • VitalConnect • Zimmer & Peacock AS • Withings SA • Acon Laboratories Inc. • Universal Biosensors • Pharmaco-Kinesis Corporation (PKC)

Frequently Asked Questions

1. What is the projected market size & growth rate of Wearable Biosensors Market? Ans- Wearable Biosensors Market was valued at USD 12.2 billion in 2020 and is projected to reach USD 55.89 billion by 2027, growing at a CAGR of 10.5 % during the forecast period. 2. What is the key driving factor for the growth of Wearable Biosensors Market? Ans- Growing demand for wearable biosensors in the healthcare industry is expected to drive the market's growth during the forecast period as these devices provide real-time physiological information via noninvasive measurement of biochemical markers. 3. Which Region accounted for the largest Wearable Biosensors Market share? Ans- North America's wearable biosensors market size was USD 10 billion in 2020. 4. What makes China a Lucrative Market for Wearable Biosensors Market? Ans- Growing analytical requirements in China’s healthcare industry due to the lack of medical needs for diseases such as diabetes, cancer, and other infectious diseases are likely to increase demand for wearable biosensors in the country. 5. What are the top players operating in Wearable Biosensors Market? Ans- TE Connectivity, Texas Instruments Incorporated, Infineon Technologies AG, Panasonic Corporation, Koninklijke Philips N.V., Huawei Technologies Co., Ltd., Robert Bosch GmbH, and Broadcom.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Wearable Biosensors Market Size, by Market Value (US$ Bn) 3.1. Market Segmentation 3.2. Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Wearable Biosensors Market 3.4. Geographical Snapshot of the Wearable Biosensors Market, By Manufacturer share 4. Wearable Biosensors Market Overview, 2020-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Wearable Biosensors Market 5. Supply Side and Demand Side Indicators 6. Wearable Biosensors Market Analysis and Forecast, 2020-2027 6.1. Wearable Biosensors Market Size & Y-o-Y Growth Analysis. 7. Wearable Biosensors Market Analysis and Forecasts, 2020-2027 7.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 7.1.1. Sensor Patches 7.1.2. Embedded Sensors 7.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 7.2.1. Wearable Electrochemical Biosensors 7.2.2. Wearable Optical Biosensors 7.2.3. Wearable Piezoelectric Biosensors 7.2.4. Wearable Thermal Biosensors 7.2.5. Others 7.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 7.3.1. Healthcare & Medical 7.3.2. Environmental Monitoring 7.3.3. Military & Défense 7.3.4. Food & Agriculture 7.3.5. Others 8. Wearable Biosensors Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2020-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Wearable Biosensors Market Analysis and Forecasts, 2020-2027 9.1. Market Size (Value) Estimates & Forecast By Type, 2020-2027 9.1.1. Sensor Patches 9.1.2. Embedded Sensors 9.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 9.2.1. Wearable Electrochemical Biosensors 9.2.2. Wearable Optical Biosensors 9.2.3. Wearable Piezoelectric Biosensors 9.2.4. Wearable Thermal Biosensors 9.2.5. Others 9.3. Market Size (Value) Estimates & Forecast By Application,2020-2027 9.3.1. Healthcare & Medical 9.3.2. Environmental Monitoring 9.3.3. Military & Défense 9.3.4. Food & Agriculture 9.3.5. Others 10. North America Wearable Biosensors Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Wearable Biosensors Market Analysis and Forecasts, 2020-2027 11.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 11.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 11.3. Market Size (Value) Estimates & Forecast By Application,2020-2027 12. Canada Wearable Biosensors Market Analysis and Forecasts, 2020-2027 12.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 12.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 12.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 13. Mexico Wearable Biosensors Market Analysis and Forecasts, 2020-2027 13.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 13.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 13.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 14. Europe Wearable Biosensors Market Analysis and Forecasts, 2020-2027 14.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 14.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 14.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 15. Europe Wearable Biosensors Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Wearable Biosensors Market Analysis and Forecasts, 2020-2027 16.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 16.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 16.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 17. France Wearable Biosensors Market Analysis and Forecasts, 2020-2027 17.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 17.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 17.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 18. Germany Wearable Biosensors Market Analysis and Forecasts, 2020-2027 18.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 18.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 18.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 19. Italy Wearable Biosensors Market Analysis and Forecasts, 2020-2027 19.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 19.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 19.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 20. Spain Wearable Biosensors Market Analysis and Forecasts, 2020-2027 20.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 20.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 20.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 21. Sweden Wearable Biosensors Market Analysis and Forecasts, 2020-2027 21.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 21.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 21.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 22. CIS Countries Wearable Biosensors Market Analysis and Forecasts, 2020-2027 22.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 22.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 22.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 23. Rest of Europe Wearable Biosensors Market Analysis and Forecasts, 2020-2027 23.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 23.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 23.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 24. Asia Pacific Wearable Biosensors Market Analysis and Forecasts, 2020-2027 24.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 24.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 24.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 25. Asia Pacific Wearable Biosensors Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Wearable Biosensors Market Analysis and Forecasts, 2020-2027 26.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 26.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 26.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 27. India Wearable Biosensors Market Analysis and Forecasts, 2020-2027 27.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 27.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 27.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 28. Japan Wearable Biosensors Market Analysis and Forecasts, 2020-2027 28.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 28.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 28.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 29. South Korea Wearable Biosensors Market Analysis and Forecasts, 2020-2027 29.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 29.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 29.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 30. Australia Wearable Biosensors Market Analysis and Forecasts, 2020-2027 30.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 30.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 30.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 31. ASEAN Wearable Biosensors Market Analysis and Forecasts, 2020-2027 31.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 31.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 31.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 32. Rest of Asia Pacific Wearable Biosensors Market Analysis and Forecasts, 2020-2027 32.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 32.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 32.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 33. Middle East Africa Wearable Biosensors Market Analysis and Forecasts, 2020-2027 33.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 33.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 33.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 34. Middle East Africa Wearable Biosensors Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Wearable Biosensors Market Analysis and Forecasts, 2020-2027 35.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 35.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 35.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 36. GCC Countries Wearable Biosensors Market Analysis and Forecasts, 2020-2027 36.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 36.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 36.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 37. Egypt Wearable Biosensors Market Analysis and Forecasts, 2020-2027 37.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 37.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 37.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 38. Nigeria Wearable Biosensors Market Analysis and Forecasts, 2020-2027 38.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 38.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 38.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 39. Rest of ME&A Wearable Biosensors Market Analysis and Forecasts, 2020-2027 39.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 39.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 39.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 40. South America Wearable Biosensors Market Analysis and Forecasts, 2020-2027 40.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 40.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 40.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 41. South America Wearable Biosensors Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Wearable Biosensors Market Analysis and Forecasts, 2020-2027 42.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 42.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 42.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 43. Argentina Wearable Biosensors Market Analysis and Forecasts, 2020-2027 43.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 43.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 43.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 44. Rest of South America Wearable Biosensors Market Analysis and Forecasts, 2020-2027 44.1. Market Size (Value) Estimates & Forecast By Type,2020-2027 44.2. Market Size (Value) Estimates & Forecast By Product Type,2020-2027 44.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Wearable Biosensors Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. TE Connectivity 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. TE Connectivity 45.5. Texas Instruments Incorporated 45.6. Infineon Technologies AG 45.7. Panasonic Corporation 45.8. Koninklijke Philips N.V. 45.9. Huawei Technologies Co., Ltd. 45.10. Robert Bosch GmbH 45.11. Broadcom 45.12. Molex, LLC 45.13. VitalConnect 45.14. Zimmer & Peacock AS 45.15. Withings SA 45.16. Acon Laboratories Inc. 45.17. Universal Biosensors 45.18. Pharmaco-Kinesis Corporation (PKC) 46. Primary Key Insights

About This Report

Report ID121669
Category Electronics
Published DateSept 2021
Updated Date
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