Accelerometers Medical Sensors Market Will Reach US$ 42 Billion By 2031, Growing At A CAGR Of 7.5 Percent Between 2022 And 2031

In 2021, the market for Accelerometers Medical Sensors worldwide was worth $ 19 billion US dollars. AMR Group projects that the market will reach US$ 42 billion by 2031, growing at a CAGR of 7.5 percent between 2022 and 2031.

Industry Overview:

Medical accelerometers are used to observe an object's motion, position, velocity, vibration, and shock sensing. Accelerometers are found in a variety of medical devices, including patient monitoring devices, cardiac pacemakers and defibrillators, health monitoring equipment, and blood pressure monitors. The price of an accelerometer is determined by the dynamic ranges it can quantify and the responsiveness of the device. Analog Devices, Inc.'s iSensor MEMS Accelerometer has been well-known for its accuracy in monitoring changes in motion, vibration, and shock sensation. Because of the high incidence of chronic diseases, there is a high demand for sensors in clinics along with home diagnostic devices. This is validated by an increase in the volume of continuous patient diagnosis and monitoring which is expected to boost sales of accelerometers medical sensors.

Through the utilization of micro-fabrication as well as micro-machining techniques, the occurrence of MEMS technology has culminated in the miniaturisation of mechanical & electro-mechanical elements in the field of sensors as well as semiconductors. This has aided accelerometers' rapid adoption in portable devices, as they provide enhanced capabilities in a small unit size. Accelerometers are used in such a therapy to measure the acceleration of a body in motion. Accelerometers are becoming more popular as a result of their numerous applications. Accelerometers are used in a variety of end-user industries, including engineering services, industrial, consumer electronics, automotive, as well as other end-user industries like health care & energy. Furthermore, various sensors have applications in a wide range of industries, including consumer electronics, IT and telecommunications, and automotive among others. Accelerometers are being widely used for the measurement of the acceleration of body movements.

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Market Dynamics:

The global Accelerometers Medical Sensors market is expected to grow due to the prevalence of chronic diseases and the availability of favourable government initiatives as well as reimbursement frameworks. Furthermore, the evolution of low-cost medical devices & technological advancements in medical sensors are expected to boost demand for Accelerometers Medical Sensors during the forthcoming years, allowing middle-income and low-income countries to gain access to diagnostic devices. Chronic noncommunicable diseases (NCDs) account for approximately 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.

Technological advancements are spurring the Accelerometers Medical Sensors market by enabling the development of further modern equipment that incorporate advanced technologies and components in the cancer tracking sensor, Micro-Electro-Mechanical Systems (MEMS) sensor technology, as well as fiber optic technology. With modern lifestyle, the need for convenience and better infrastructure, there is a rise in demand for new products, which is driving innovation. The primary driver of the trend toward wearable medical sensor devices used at home is an ageing population that is perennially ill and disabled. As a result, producers are likely to develop medical devices that people with the disease can carry covertly even in public places. Furthermore, cost and complexity concerns are expected to stymie the market growth of Accelerometers Medical Sensors.

Market Segmentation:

The Accelerometers Medical Sensors market is divided into two Types: MEMS Accelerometer and Piezoelectric Accelerometer. MEMS Accelerometer dominates the type segment, with the largest market share in 2022. Its dominance over the forecast period is due to extensive manufacturing advancement. The Accelerometers Medical Sensors market is divided into three segments based on technology: CMOS, MEMS, and NEMS. The most dominant market in the technology segment is MEMS, which is the most useful technique used in Accelerometers, which are factors attributed to the segment's dominant share. The Accelerometers Medical Sensors market is divided into three dimensions: 1-Axis, 2-Axis, and 3-Axis.

The Accelerometers Medical Sensors market is further subdivided into Healthcare, Automotive, Aerospace & Defense, and Industrial end users. ActiGraph introduced the CenterPoint Insight Watch, an activity monitoring device, in 2022. It captures and records continuous high-resolution raw acceleration data using a triaxial MEMS accelerometer and provides actionable information to the user via its real-time data transfer mechanism.

By Type
• MEMS Accelerometer
• Piezoelectric Accelerometer
By Technology
• CMOS
• MEMS
• NEMS
By Dimension
• 1-Axis
• 2-Axis
• 3-Axis
By End User
• Healthcare
• Automotive
• Aerospace and Defense
• Industrial

Regional Trend
Geographically, North America dominated the Accelerometers Medical Sensors market, accounting of total revenue in 2022. The increasing acceptance of vibration sensors, as well as the region's well-established healthcare sector, are the primary factors driving the market in North America. North America is seeing an increase in the production of new high-performance accelerometer sensor as the region's investments are made in trying to introduce advanced and innovative accelerometers. The increased spending on medical and healthcare in the United States is a major factor driving the region's accelerometer growth.

Because of the region's increased demand for advanced accelerometer sensor, the Asia-Pacific region is predicted to present exceptional Accelerometers Medical Sensors market potential. Furthermore, during the forecast period, the industry is anticipated to profit from improved healthcare infrastructure as well as an increase in the number of medical providers in this region for the forecasted period.

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COVID Impact:

The COVID-19 pandemic benefited the Accelerometers Medical Sensors industry. The COVID-19 pandemic had become a worldwide health crisis, causing significant burden of diseases and financial adversity in several sectors of the world's economy. However, it was noticed to be a favorable year for the Accelerometers Medical Sensors market due to its benefits during the pandemic period. Furthermore, the widespread use of wearables in the detection of COVID-19 symptoms, as well as the rising amount of FDA-approved product lines, are expected to drive the market. STMicroelectronics, for example, confirmed in 2021 release of the AIS2IH, a next-generation MEMS three-axis linear accelerometer. This sensor's ability to improve resolution, mechanical reliability, and stability in automotive applications, including telematics infotainment, has resulted in increased growth of Accelerometers Medical Sensors market.

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