Accelerometer Medical Sensors Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)

Accelerometer Medical Sensors Market Size

Accelerometer Medical Sensors Market Trends & Drivers

With the passing of many years, the geriatric population increases across the globe. According to the World Health Organization, between 2015 and 2050, the population above 60 years will increase from 12% to 22% of the total population. Additionally, it is expected that in 2050, 80% of older people will be living in low- and middle-income countries. The aging population is affected the most by chronic disorders, due to poor sleep quality, low bone strength, and inability to consume lactose-related products. Hence, the surging incidence of chronic diseases in the older population creates a high demand for accelerometer medical sensors.

Moreover, with the surging age, the chances of getting diseases increase because the immune system responds slowly, lack of physical activity, poor nutrition, and lactose intolerance. The chances of heart problems increased in older people because of fatty acid deposition in the walls of arteries over many years. According to government reports, around 80% of people that die from heart disease are above 60 years of age. This shows that with the growing aging population, the demand for these products is also rising significantly.

Accelerometer Medical Sensors Market Analysis

Wearables Hold a Major Share

Based on product, the wearables category holds a major share of the market. This is because it is used to measure several determinants of health such as carbon dioxide level, blood pressure, and heart rate. The measurement of these determinants helps doctors and researchers to capture responses and provide proper treatment. Also, this type of product can be used by fixing it in shoes, outfits, wristbands, and headbands, which are daily-use products.

For the purpose of monitoring, tracking, and measuring several healthcare factors, which include heart rate, pulse, blood pressure, oxygen level, sleep quality, and calorie intake, wearable sensors are used. Hence, because of several advantages provided by accelerometer medical sensors, their demand is increasing and is expected to witness the same trend over the coming few years.

Moreover, due to their rising significance in clinical trials, the market is growing for wearable sensors. With the help of these sensors, the safety of patients has increased as these collect data from the body’s response, which is helpful during the treatment. These also have several other benefits in clinical trials such as minimizing the time frame that is needed to study the health of patients, and they can easily monitor sleep quality and emotional state.

Additionally, it has been evaluated that they are used in various smart electronic devices, which include activity trackers and fitness bands, and they analyze the information easily as these are worn close to the skin. In the field of health informatics, enhanced technologies such as medical sensors aid in the accurate capture of data. In addition, they can be used for remote patient monitoring in real-time, because of their wireless connectivity, smartphone storage capabilities, and powerful application processing.

Chronic Illness and Risk Monitoring Dominates the Market

The chronic illness and risk monitoring category leads the market, attributed to the growing incidences of cardiovascular disorders, cancer, and many more. For instance, in 2021, a major cause of death is cardiovascular disorders, and over three-quarters of deaths took place in low- and middle-income countries. The major cause of such diseases includes obesity, consumption of smoking and tobacco, and unhealthy dietary habits. These factors are expected to raise blood glucose levels and blood lipids, which, in turn, boosts the demand for accelerometer medical sensors.

In order to control the death rate due to chronic diseases, there are two ways, either person should take care of their physical activity, which is possible by monitoring and tracking it with the help of certain devices, or by monitoring life-threatening diseases on a regular basis and also treating them. Therefore, the demand for such sensors will increase in the coming few years.

On the other hand, the wellness monitoring category is expected to witness the fastest growth in the coming years. This can be attributed to various factors such as tracking and monitoring of healthcare parameters in a digital environment with the use of sensor-based devices, which aid in tracking movement along with intensity. Also, these convert accelerometer information into an individual readable format so as to provide a better understanding of calorie intake and burned, heart rate, and many more. They are also able to perform these activities while a person is sleeping.

Hospitals & Clinics Are Major End Users

Hospitals & clinics are the major end users in the market. This is attributed to several factors such as rapid adoption of advanced technologies, large patient pool, easy accessibility and affordability of treatments, and the presence of skilled professionals in these healthcare facilities. Moreover, the presence of a large number of hospitals and the growing healthcare expenditure in both developed and developing countries such as the U.S., the U.K., and China, and many chronic disease-related surgeries are performed in hospitals, which, in turn, drive the growth of the market in this category.

Geographical Analysis

North America has the leading position in the accelerometer medical sensors market, and it will also hold the same position in the coming years, accounting for a value of USD 1.8 billion by 2030. This is attributed to the well-developed healthcare system and high disposable income in the region.

In North America, the U.S. market holds the leading position, and it will grow at a CAGR of 14.5% during the forecast period. This is attributed to the high prevalence of cardiovascular diseases, the presence of well-trained healthcare professionals, the existence of large population size with chronic diseases, and the surging geriatric population in the country.

Moreover, the regional market is growing with the increasing regulatory approvals for these sensors, in order to make sure that they are safe for individuals, and the rising launches of new products by various key players with the aim to boost sales. For instance, in May 2022, the ADXL367 three-axis MEMS accelerometer was launched by Analog Devices Inc. The device has its major usage in monitoring vital signs, helps in hearing, and has improved noise performance. Similarly, in April 2023, STMicroelectronics launched accelerometers with advanced built-in processing engines, enabling systems to work on lower power consumption and provide faster responses.

Market Breakdown

This fully customizable report gives a detailed analysis of the accelerometer medical sensors market from 2019 to 2030, based on all the relevant segments and geographies.

Based on Product

• Wearables
• Non-Wearables

Based on Application

• Chronic illness & Risk Monitoring
• Wellness Monitoring
• In Hospital Monitoring
• Therapeutics
• Post-Acute Care Monitoring

Based on End User

• Hospitals & Clinics
• Ambulatory Care Centers

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
• Asia-Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • U.A.E.

Top Accelerometer Medical Sensor Companies