Press release
Wearable Biosensors Market is Anticipated to Witness Growth in Revenue to over US$ 33 Bn by 2031
Wearable Biosensors Market 2021-2031
The global wearable biosensors market is estimated to accelerate a high CAGR of 10.4% over the forecast period (2021-2031). As such, the market is set to expand around 2.4X and close in on a valuation of US$ 33.1 Bn by 2031.
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The future of wearable biosensors looks attractive with opportunities across different sectors such as healthcare, military, agriculture, and food & beverages. Major drivers for this market happen to be growth of Internet of Things (IoT), increasing need for wearable devices, and miniaturization of sensors.
As the society is moving toward a connected world, sensors are increasingly being adopted across various applications. Many of these applications require various sensors in a small footprint with no degradation of performance and often with very low power requirements. With increasing number of applications requiring smaller sensors, there has been substantial rise in demand for miniaturization of sensors, thereby increasing demand for wearable biosensors.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Molex LLC, TDK Corporation, VitalConnect, Huawei Technologies, Robert Bosch GmbH, Panasonic Corporation, TE Connectivity, Texas Instruments Incorporated, Infineon Technologies AG, Zimmer & Peacock AS, Withings SA, Broadcom, Koninklijke Philips N.V. and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Wearable Biosensors.
Key Takeaways from Market Study
Demand for sensor patches, among type, is estimated to surge. However, embedded sensors are estimated to continue to hold a significant market share through 2031.
Healthcare & medical application is expected to emerge as a high-growth market. However, environmental monitoring application is estimated to dominate the market share through 2031.
By product, wearable electrochemical biosensors are currently leading the market. However, demand for wearable piezoelectric biosensors is likely to expand at a robust CAGR of nearly 14% through 2031.
The South Asia & Pacific market is expected to register a high CAGR owing to growing demand for various wearable biosensors for monitoring health and quality of food & beverages across the region.
The market for wearable biosensors in Japan and India is expected to surge at growth rates of around 14% and 19%, respectively.
“Wearable biosensor providers are focusing on developing single-walled carbon nanotube based electrochemical biosensors for detecting microorganisms that cause respiratory diseases,” says a Persistence Market Research analyst.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)
Key Stakeholders
Wearable Biosensors Market Manufacturers
Wearable Biosensors Market Distributors/Traders/Wholesalers
Wearable Biosensors Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Key Questions Answered in This Report.
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
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About PersistenceMarketResearch:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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